Archive for July 2023

Capital Alliance have scored a win for their Docklands-based, dual tower development, after the Victorian planning minister granted approval for the project. The $340 million, mixed-use lifestyle development will feature two hotels, a state-of-the-art conference centre – and Australia’s longest escalator. ‘Just like the Pompidou Centre in Paris this enormous escalator runs up the side…

Wodonga’s Junction Place project is moving into its next phase, with Development Victoria calling for expressions of interest to develop five key sites. Almost 50,000 sqm of land is up for transformation into mixed-use precincts, with interested parties able to bid for all or just some of the sites. The EOI process ends on 21…

Far East Consortium has appointed CBRE and McVay Real Estate to help them bring two Ritz Carlton hotels in Melbourne and Perth to market. The asking price? A cool $500 million. The Melbourne Ritz Carlton opened earlier this year and is the first in the city. The Perth venue has operated for two years. While…

Property giant Lendlease has announced that it will cut 740 jobs globally, with the majority of cuts taking place overseas in America, Europe and the Asia Pacific. The figure represents roughly 10% of Lendlease’s workforce, achieving savings of $80 million to $100 million, according to figures quoted in The Sydney Morning Herald. It’s expected that…

The City of Melbourne has announced Lendlease as their preferred development partner to transform the southern precinct of the iconic Queen Victoria Market. Gurrowa Place – which means a place of exchange and interchange to the Wurundjeri Woi-wurrung People – will be located next door to the market, and will feature: Build-to-rent apartments with 15%…

The fall of construction giants Porter Davis and Lloyd Group showed us that no built environments business is immune to a volatile market. So in this article, we share some solid advice about what to do if your employer calls in the bean counters – and then calls it quits. The first 48 hours You…