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Good afternoon,
One the country’s largest housing developers, Nigel Satterley, has struck a deal with Singaporean developer Ho Bee Land that will see the pair team up on projects in Queensland and WA. The national office vacancy rate is stuck at its highest level in three decades as cities deal with an oversupply of stock that is biting hardest in suburban markets.
Finance house Metrics will return the Sir Stamford Hotel at Sydney’s Circular Quay to service after months of litigation involving Malaysian property giant Mulpha, which controls the InterContinental Hotel next door.
Hospitality mogul Justin Hemmes is looking to add The Sackville Hotel in the inner city suburb of Rozelle to his burgeoning pub portfolio, but the competition watchdog is investigating his proposed acquisition.
Let me know what you think -
wilmotb@theaustralian.com.au
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