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Investment bank Jarden and property group Cushman & Wakefield have kicked off the year’s biggest real estate sale, seeking a buyer for a half-share of a $3 billion-odd portfolio of industrial properties.
The agency recorded a 6 per cent rise in revenue over the first six months of the year. A year ago, revenue growth was surging at 30 per cent.
Stephen Conry, who is stepping down after 40 years at the real estate giant, is optimistic about the future but has a message for those worried about rising interest rates and sharply escalating costs.
Real estate banker Tim Church has capped a strong rise at Morgan Stanley, to be appointed co-head of investment banking for Australia.
The offering comes amid an unprecedented surge of investment in warehouses and logistics, buoyed by the rise in e-commerce demand.