logo
Link Real Estate Partners Eyes $100 Million Sydney Warehouse

Link Real Estate Partners Eyes $100 Million Sydney Warehouse

Bloomberg18-06-2025
Link Real Estate Partners, an investment platform run by BlackRock Inc. 's former head of Asia Pacific real estate John Saunders, is in talks to buy a warehouse in Sydney owned by Dexus, according to people familiar with the matter.
A transaction could value the property at about $100 million, the people said, asking not to be identified because the matter is private. Link, based in Hong Kong, and Sydney-based Dexus are finalizing details of an agreement that could be reached as soon as this month, the people said.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

U.S. housing crisis sparks boom in crypto-backed mortgages
U.S. housing crisis sparks boom in crypto-backed mortgages

Yahoo

time27 minutes ago

  • Yahoo

U.S. housing crisis sparks boom in crypto-backed mortgages

U.S. housing crisis sparks boom in crypto-backed mortgages originally appeared on TheStreet. With home prices setting new records amid inflation, there is a growing fear that the housing market is forming a bubble and a housing crisis is looming. According to Reventure Consulting's "U.S. Home Price History: 1890 to 2025," home prices in the U.S. reached an all-time high in 2025. That exceeds the 2006 high of 266.4, unprecedented affordability headwinds. There were a historically low 1.6 months' worth of homes for sale in the U.S. in January 2022, according to the National Association of Realtors (NAR). According to reports, this metric represents the number of homes available for sale. As of 2025, while there are significantly more homes today than there were back then, it is not enough to satisfy demand, making prices go up. A new asset class has emerged as a solution to the housing crisis: cryptocurrency as collateral to secure a mortgage, which opens up new possibilities for homeownership and investment. Soaring home prices are pricing many buyers out of the market, particularly younger and lower-income households. Tokenized real estate and crypto-backed loans are rapidly changing access points. They divide properties into fungible, digitized shares and use blockchain to make them tradable. This makes owning a house accessible to average investors and allows the average person to co-own a piece of real estate without having to make hefty down payments, which may help relieve some demand in the housing market. On June 4, JPMorgan Chase started accepting spot Bitcoin ETFs as collateral for loans — a decision that could lead to more crypto-backed lending on Wall Street. Global capital is also flowing into the U.S. market via decentralized finance (DeFi). By placing homes on-chain, foreign digital-native investors can indirectly finance new development and lower costs. Many new organizations, such as Ledn, Milo, etc., have been pioneering the crypto mortgage movement. According to National Mortgage Professional, Milo has reported over $65 million in crypto loan mortgages across its various loan products. Interestingly, Maple Finance surged past $1 billion in assets under management in 2025, establishing itself as DeFi's premier institutional lending marketplace. Ledn co-founder Mauricio Di Bartolomeo told TheStreet Roundtable that U.S. regulators had sparked a "Cambrian explosion" in Bitcoin-backed lending. The use of blockchain-based smart contracts increases efficiencies, as these agreements are self-executing. Smart contracts can automate the terms of a loan, reducing paperwork. However, having cryptocurrency as collateral for a mortgage has its risks: the extreme volatility of pricing can expose parties to margin calls, most loans require over-collateralization, and the list of assets acceptable as collateral is limited. Rates are often higher than conventional mortgages, funds are held with custodians (locked), and regulatory uncertainty provides no standard protection or guarantees to borrowers. As the housing crisis deepens, the intersection of traditional finance and innovation within blockchain could be a valuable tool for addressing the problem. U.S. housing crisis sparks boom in crypto-backed mortgages first appeared on TheStreet on Jul 3, 2025 This story was originally reported by TheStreet on Jul 3, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

One Darling Point development in Sydney gets approval
One Darling Point development in Sydney gets approval

Yahoo

time27 minutes ago

  • Yahoo

One Darling Point development in Sydney gets approval

The One Darling Point development, a A$500m ($328.6m) residential project in Sydney's Eastern Suburbs, has secured development approval. This construction venture is being realised through a partnership between Australian real-estate company Lendlease and Mitsubishi Estate Asia (MEA). The latest visuals for the One Darling Point development have now formally been unveiled by Lendlease. The project aims to offer residents quality housing and connectivity to nearby Edgecliff, providing an array of retail and hospitality options and transport links. Australian architecture company Tzannes, alongside interior design by Alexander &CO., is behind the mixed-use development's design. Their vision involves a development that features a publicly accessible link through the site, which pays homage to the heritage-listed Commonwealth Bank building from 1941. The development's ground floor is set to become a hub with an array of retail, commercial, and hospitality spaces, contributing to the local streetscape. One Darling Point will comprise 41 market residences, including two-, three-, and four-bedroom apartments, each offering views of Sydney Harbour, the Sydney Harbour Bridge, and the Sydney Opera House. The 17-storey building will also have a four-bedroom penthouse, complete with a rooftop pool, private terrace, and city views. A sub-penthouse will also offer views from its own private terrace. In line with the NSW Government's in-fill affordable housing scheme, the development dedicates 15% of its floor space to affordable housing, providing 18 apartments for key public workers in sectors such as education, healthcare, and childcare. One Darling Point marks the sixth joint venture between Lendlease and MEA, following their collaboration on several projects, including One Sydney Harbour and One Circular Quay. The sales campaign for the projects is expected to commence in early 2026. Lendlease CEO of development Tom Mackellar said: 'The NSW Government's new streamlined planning pathway has accelerated the approval process for One Darling Point. Development approval has been secured just five months after public exhibition enabling us to quickly move forward with the project, bringing new homes and jobs to Sydney. 'One Darling Point brings our renowned luxury residential experience to a prime location in Sydney's East, and will deliver the highest standards of quality and design, alongside the expertise of Tzannes and Alexander &CO.' This May, Lendlease entered into a conditional agreement with the UK's Crown Estate to form a 50/50 joint venture concerning Lendlease's undeveloped UK land management portfolio. "One Darling Point development in Sydney gets approval" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Why anyone selling a home should be following the ‘Zillow ban' lawsuit closely right now
Why anyone selling a home should be following the ‘Zillow ban' lawsuit closely right now

Yahoo

time27 minutes ago

  • Yahoo

Why anyone selling a home should be following the ‘Zillow ban' lawsuit closely right now

The real-estate industry is battling it out over control of for-sale listings, and home sellers in particular could get hurt. Two major lawsuits filed over the last two weeks against the real-estate platform Zillow Z and the National Association of Realtors, an industry group, seek to answer the question of who controls home listings in America. 'I'm single': At 70, I have $500,000 in stocks and $220,000 in savings. How do I invest my $130,000 windfall? 'I do all the yard work, cooking and cleaning': I live with my daughter and her lazy boyfriend. She wants me to buy her house. Do I say yes? My wife and I have $7,000 a month in pensions and Social Security, plus $140,000 cash. Can we afford to retire? My wife and I are in our late 60s. Do I sell stocks to pay our $30,000 credit-card debt — or do it gradually over 3 years? S&P 500 just saw its first 'golden cross' in more than 2 years. Here's what comes next. The lawsuits, filed by two real-estate companies, challenge the status quo of how for-sale listings are seen by millions of users on the internet. The plaintiffs want to keep some listings private and only accessible to those who hire certain brokers. Under the current policy, which is essentially enforced by real-estate platforms, buyers can see almost all U.S. homes for sale online within 24 hours of the properties being publicly marketed as for sale. Because all public for-sale listings are fed to real-estate platforms, home sellers can get the highest level of exposure and the highest price possible. That exposure matters a lot to some sellers right now, as the industry is facing a lull. The housing market has been sluggish in the last few years, and sellers are increasingly getting stung by reluctant buyers. 'It does benefit the seller to have as many people to see the property as possible,' David Palmer, a real-estate agent with Redfin in Seattle, told MarketWatch. 'For sellers that want to maximize their sales, it's best to get more eyes on it than not.' Consumer advocates also support the status quo of online for-sale listings. The two recent lawsuits 'seek to deny consumer choice by limiting buyer access to all listings and seller opportunities to reach the greatest number of potential buyers,' Stephen Brobeck, a senior fellow at the Consumer Policy Center, told MarketWatch. 'It is in the general, long-term interest of the industry as well as consumers for residential listings to be universal and transparent. At present, [multiple-listing services], Zillow and other portals make this possible,' he added. In the first lawsuit, the real-estate brokerage Compass COMP accused Zillow of being anticompetitive with its new rule banning any home listings from the platform that appear on any other service for more than 24 hours before going up on Zillow. Critics have dubbed the rule, which went into effect Monday, the 'Zillow ban.' Compass has argued that it should be able to offer listings marketed exclusively via its own platform without having them appear on Zillow. Zillow, for its part, has said that 'consumers deserve fair access to listings without having to get access behind a velvet rope controlled by any one company.' Asked for comment about the lawsuit, a Zillow spokesperson told MarketWatch that Compass's claims are 'unfounded' and that Zillow 'will vigorously defend against them.' 'Hiding listings creates a fragmented market, limits consumer choice, and creates barriers to homeownership, which is bad for buyers, sellers, and the industry at large, especially in this inventory and affordability-constrained environment,' the spokesperson added. The second lawsuit was filed by pocket-listings website against the NAR, a lobbying group that represents the real-estate industry. Mauricio Umansky, a celebrity real-estate agent who has appeared in 'The Real Housewives of Beverly Hills' and starred in 'Buying Beverly Hills,' is a co-founder of the website. Umansky's company, which had first sued the NAR in 2020 over its control of real-estate listings, refiled the lawsuit this week, according to the New York Times. The lawsuit centers around Umansky's private-listing network, which he launched in 2017 — two years before the NAR launched its Clear Cooperation Policy, which requires that home sellers and their agents submit listings that are marketed publicly to the multiple-listing service, or MLS, within 24 hours. The NAR controls access to most of the listings via its MLS subsidiaries. An NAR spokesperson told MarketWatch the Clear Cooperation Policy 'promotes transparency and competition in the real estate marketplace while still providing home sellers and their agents the option to list their property as an office exclusive.' Referring to the lawsuit, the spokesperson added that the 'NAR will respond directly to the plaintiff's claims in court.' Umansky is not named as a plaintiff in the case. Read more: A real-estate giant wants sellers to list their homes privately. Will homeowners benefit? Private listings might be ideal for some sellers, as MarketWatch has reported previously, for reasons such as privacy or a desire to avoid sending misleading signals about their financial affairs. But most sellers are looking to get the highest price for their home. In one analysis that looked at 100,000 home sales over six months in six states and Washington, D.C., sellers who went the so-called premarket, private route saw 'no benefits' compared with those who sold a home the typical way publicly, according to Bright MLS, one of the platforms that displays home listings. Private listings take longer to sell and 'offer no price advantages' compared with listings that go on the MLS and are then promoted to the public, the company said. 'An increase of office exclusive listings has the potential to harm prospective buyers and sellers by limiting access to information and creating a fragmented inventory system,' Bright MLS added. Brobeck, the Consumer Policy Center senior fellow, said that 'sellers have and should have the ability to list homes privately,' but at the same time 'should recognize that they are opening themselves up to broker manipulation that could limit the sale price, increase the time of sale, and cost them fiduciary representation.' 'Most of the people who are persuaded to privately list do not understand that it's usually not in their interest to do so,' he added. 'Finance makes me break out in hives': I inherited $240K from my parents. Do I pay off my $258K mortgage and give up my job? The Dow and Russell 2000 are joining the stock market's party. Is it a game changer for the bulls? This income fund pays more than a bank account while keeping price volatility low 'Crosscurrents abound' for stocks, but history shows the bull run has further to go, says this analyst I'm a stay-at-home mom. Do I take a part-time job to spend more time with my kids — or get a job for six figures? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store