Page 2 - Mark Steinert News Today

Booming demand for warehouses and logistic hubs together with a spike in housing settlements has propelled property giant Stockland to a $1.1 billion statutory profit for the pandemic-hit 2021 financial year.

It’s been an explosive month for the centre-right Blueprint Institute.

A day after a senior employee hit the Blueprint Institute with an online spray, there is more leadership turmoil at the Liberal-aligned think tank and speculation that chief executive Harry Guinness has quit.

Ingenia, Stockland shortlisted for $500m-plus Halcyon auction Share A pair of ASX-listed property groups and a big money-backed trade player are among bidders scrapping for $500 million Queensland retirement village owner/operator Halcyon. Halcyon operates nine lifestyle communities in Queensland and provides and maintains facilities like golf courses and tennis courts.  Glenn Hunt Street Talk understands listed real estate players Ingenia Communities Group and Stockland, as well as GIC-backed...

You’ll lose staff: Stockland head warns bosses resisting flexible work Save Share Outgoing Stockland boss Mark Steinert has warned his fellow office landlords they will lose talented staff as a result of hardline demands to return to offices, saying “structured flexibility” was now an accepted and expected part of workplaces. Mr Steinert did not identify anyone by name but said some landlords’ public frustration at the growth of flexible working ignored the reality of the fl...

Save Share Veteran retailer Gerry Harvey is astounded by the “heap of money” the big-spending budget will direct into the economy and retail chains like his. The Harvey Norman chairman, who expects to benefit from new spending on office furniture and technology, said he had “never seen money thrown around like that”. Harvey Norman chairman Gerry Harvey: “$1 trillion in debt (is) not regarded as a big deal any more.”   Janie Barrett “They’ve thrown a h...

Outgoing Stockland CEO Mark Steinert says the region has some significant questions it must answer about housing density and options as growth rapidly accelerates. Wrapping up after 8.5 years at the helm, Mr Steinert addressed a packed house at Maroochy RSL last week as part of a Sunshine Coast Business Council event. Mr Steinert told the crowd he expected the work from home trend to amplify pressure on housing affordability and availability in attractive regions like the Sunshine Coast. Cu...

From HomeBuilder to hangover: where will housing development land? The perfect pandemic storm has resulted in surging demand for housing, and greenfield land developers are riding the wave. However, challenges lie ahead. Share The COVID-19 housing demand, boosted by government stimulus for new housing, by low interest rates, and by changing housing preferences, has been an absolute boon for the nation’s greenfield land developers. The question is whether the surge in demand, which includes a ...

Woolworths, Afterpay and Stockland are still key picks Analysts like the outlook for the grocer, point out rising competition for the buy now, pay later leader and say residential settlements will buoy the property developer. Share Woolworths Industry background: The food and grocery sector has enjoyed record sales growth, buoyed by panic hoarding and pantry stuffing at the peak of COVID-19 followed by elevated demand from people spending more time at home and treating themselves by spending mo...

Lendlease CEO Steve McCann will retire at the end of May after 12 years in the top job and will be succeeded by Tony Lombardo, head of the company’s Asia division.