A 1232sq m block in Greenwich, Sydney, purchased for $17m, is set to be transformed into an eight-storey retirement complex by Central Element. The development aims to redefine senior living with amenities like a rooftop bar and communal spaces, focusing on wellness and ageing. The project, brokered by Colliers, is expected to start construction by mid-2026. The area is becoming highly sought after due to new public transport options and proximity to key locations like St Leonards and the Royal North Shore Hospital.

Western Sydney will see significant investment as Amazon plans to build two large fulfilment centres, enhancing delivery speeds for tech devices and furniture across Australia. The centres, set to be operational by early 2026, will create around 1000 jobs and include various operational departments. The largest centre will be built on Goodman and Brickworks’ Oakdale East Industrial Estate, while the second will be developed on land owned by ESR. Amazon's investment aims to improve product availability and delivery speed, with significant collaboration from the NSW government and strategic investment from Goodman Group.

CBRE reports significant delays in data centre development due to construction times and land scarcity amid high demand, particularly for AI compute power. NIB has completed a cloud migration to AWS, decommissioning several data centres. CBRE's Darcy Frawley notes material shortages and long lead times are constraining supply, with developers considering partnerships with industrial landlords. Energy costs and renewable energy projects influence location choices, with Sydney and Melbourne remaining preferred despite power challenges.

CBRE reports significant delays in data centre development due to construction times and land scarcity, amid high demand for AI compute power. Corporate businesses, including insurer NIB, are transitioning to third-party data centres, with NIB completing a seven-year migration to Amazon Web Services. The repurposing of NIB's old data centre and the challenges of material shortages are highlighted. Data centre operators are considering partnerships with industrial landlords as a new development strategy. Energy costs and the potential for renewable energy projects to attract data centre construction in Perth and Queensland are also noted, despite Sydney and Melbourne being preferred locations.

Sydney's CBD areas, particularly Chinatown and Thai Town, are poised to benefit from significant investments, including the development of Tech Central and a $43.5 million plan to enhance Haymarket. The City of Sydney's proposal includes reducing parking, expanding footpaths, and improving streetscapes. The plan also involves extending Thai Town and creating new bike lanes to connect various parts of the city. Despite the anticipated improvements, foot traffic in the area has not yet returned to pre-pandemic levels. Local businesses and restaurants have faced challenges during the pandemic, with some operating as pop-ups and others extending their hours to attract customers. The City of Sydney has allocated funds for various cultural projects, including a new mural and art installations. Property funds manager ISPT has noted the cultural appeal of Haymarket and its transformation, which is attracting tenants to the area.

The article discusses the impact of Australia's increased migration cap on the residential rental market. The federal government raised the migration cap to 195,000, which, along with the return of international students, is expected to exacerbate the already strained housing supply. Experts from PropTrack, Mirvac, and Propertyology express concerns about the lack of rental housing and the potential for price spikes in city markets. The article highlights the shortage of new housing developments, particularly investor-grade and high-rise apartments. Federal Housing Minister Julie Collins outlines government initiatives to address housing challenges, but industry leaders stress the need for more effective policies to boost housing supply. The article also touches on the broader implications for regional markets and social housing needs.

Candalepas Associates has been chosen by an expert design panel as the preferred architect for a new 55-level luxury residential and commercial building in Sydney's CBD, planned by Deicorp. The selection followed a competitive design process overseen by the City of Sydney. The project is located at the corner of Liverpool and Castlereagh streets and awaits approval from the Central Sydney Planning Committee. The site was acquired from the Catholic Archdiocese of Sydney by Deicorp, with the development rights reportedly pursued for over $200m. The new design will feature luxury apartments, A-Grade office space, and retail areas. Deicorp's founder, Fouad Deiri, expressed enthusiasm for working with Candalepas Associates, citing their innovative design language. Deicorp aims to submit a development application by July and is known for delivering numerous residential projects across Sydney.

Ray White Capital, an investment arm of a major Australian real estate company, is raising $40 million to invest in pet resorts across the east coast of Australia. The company plans to renovate and upgrade these resorts with amenities such as splash pools and grooming facilities. RWC's CEO, George Ajaka, notes the increasing trend in pet ownership and the willingness of people to spend on pet care. The company has conducted research into pet ownership and identified two main profiles of pet owners: downsizers and younger individuals delaying traditional family milestones. RWC, which started purchasing pet resorts two years ago, is promising investors a 6 to 8 percent dividend in the first year and expects a 20 percent annual return. The minimum investment is set at $100,000, and the company aims to attract 20 to 50 investors for the fund.

Dom Price, the futurist at Atlassian, shared insights on the importance of office space in fostering team dynamics and productivity, even in a digital age where remote work is prevalent. He recounted an off-site event in Australia where his team engaged in a constructive argument after a city walk, which helped them build trust and share personal stories. Price emphasized that personal connections among colleagues can enhance patience and empathy, leading to better collaboration. Atlassian, which has a 'work from anywhere' policy, still saw 76% of its staff choosing to come to the office last quarter. Price advocates for true flexibility in the workday, allowing for activities like surfing or fitness classes. He also discussed his own work schedule, which is non-traditional but balanced, and the company's approach to communication, using different platforms for varying levels of urgency and formality.

Avalon Airport, operated by Linfox, is set to become a significant military hub in Australia with Hanwha Defense announcing a new $170 million armoured vehicle centre at the Victorian site. This follows major real estate deals involving airports, including a $1.3 billion acquisition of Perth's Jandakot airport by a Dexus-led consortium and Logos funds purchasing land near Sydney airport for $802 million. Hanwha, which secured a historic $1.3 billion defence contract, chose Avalon Airport for its modern facility, which will include assembly lines, a test track, and a deepwater testing facility. Avalon Airport CEO Justin Giddings anticipates the development will attract defence manufacturers and suppliers, while Hanwha Defence Australia's managing director Richard Cho highlights the strategic benefits of the location and the potential for future expansion and partnerships.