In the US, large companies currently own five per cent of residential rental properties “multi-family” assets
Multi-family in the US is the largest property investment type . A study by MetLife Investment Management has forecast that by 2030, this asset class will increase to 40 per cent. In Australia, “build-to-rent”, as we call “multi-family” is still in its infancy. With 84% owned by private...
International hire adds further firepower to CBRE’s growing Living Sectors Capital Markets platform
CBRE has further strengthened its Living Sectors Capital Markets platform with the appointment of highly experienced property professional Alex Shaw, who has transferred from the firm’s London office. “Alex’s appointment aligns with increased demand for international Capital Markets expertise in...
Gurner Group continues growth of strategic funds management arm, appoints Rahul Bharara as Chief Investment Officer
The Gurner Group’s current assets under management of circa $5.1 billion, and as part of its next phase of growth, Gurner Group has appointed senior property executive Rahul Bharara as its first Chief Investment Officer.
AURA by Aqualand game changing display showroom revolutionises buying property
Aqualand, has set a new benchmark in property marketing with the innovative technology on show at their latest development in North Sydney, AURA by Aqualand. Designed in collaboration with proptech company DisplaySweet, the multi-million-dollar showroom features a number of state-of-the-art...
GURNERTM & Qualitas add $2 billion of firepower and close second GQ build-to-rent fund
The GQ Multifamily Build-to-Rent platform (GQ) owned by multi-billion-dollar developer GURNERTM and ASX-listed leading Australian alternative real estate investment manager Qualitas, has been bolstered by another $2 billion of capital capacity after closing their second fund raising.
Developer focus on owner-occupied stock to further pressure rental market - Knight Frank Residential Developer Survey 2023
Knight Frank has released its Australian Residential Developer Survey 2023, which is the first of its kind. Knight Frank Partner, Head of Residential Erin van Tuil said more developers were opting for a balanced buyer pool or homes designed purely for an owner-occupier.
Knight Frank makes three new appointments to grow its Residential Project Sales business
Nathan Berlyn, James Elliott and Frazer Cunnane have all joined Knight Frank’s Residential team.The appointments come as Knight Frank focuses on growing its Residential Project Sales business. Mr Berlyn and Mr Cunnane will be based in Sydney, while Mr Elliott will be based on the Gold Coast.
CBRE appoints Claire Wu to lead international sales amid rebounding offshore interest in Australian apartments
CBRE has appointed Claire Wu to lead international sales for its Australian Residential Projects business. Ms Wu has relocated from London to Sydney to assume her new Senior Director role, CBRE’s Residential Projects Managing Director David Milton said Ms Wu brought over eight years’ experience...
Tim Gurner raises $1.75 Billion + ‘Build to sell’ Development fund
Multi-billion-dollar developer GURNERTM has secured a $1.75billion fund for its Build-to-Sell (BTS) business, after securing an unprecedented institutional placement of capital totalling $400million from a global institutional investor to develop BTS across Australia.
Australia’s construction costs continue to rise at record rates
CoreLogic Research Director Tim Lawless said while the rising cost of construction was not new, the persistent increase in construction costs would continue to have a big impact nationally. CoreLogic Construction Cost Estimation Manager, John Bennett, said the Cordell costings team were...
