Mirvac Group has named Kit Georgeos as Chief Executive Officer, Funds Management, starting 6 October 2026. Ms Georgeos will oversee the group’s wholesale investment vehicles, capital partnerships and investor relations, while joining the Executive Leadership Team under Campbell Hanan. Having joined Mirvac in 2023 as Fund Manager for the Mirvac Wholesale Office Fund, her promotion triggers a search process to fill her previous role.
IHG Hotels & Resorts has expanded its alliance with developer Urban Property Group by signing two new projects in New South Wales. The deal introduces Crowne Plaza Newcastle and Hotel Indigo Gosford, increasing their shared pipeline to three sites across the state. Joining the previously agreed Crowne Plaza Parramatta, the developments form key elements of major mixed-use schemes designed to support economic and regional tourism growth.
Minor Hotels has announced plans to launch Australia's largest integrated resort wellness precinct in the Hunter Valley. Opening in stages from October 2026, Avani Cypress Lakes Resort will merge the existing Oaks Cypress Lakes Resort and Elysia Wellness Retreat into a 340-acre destination. Featuring 204 rooms, an 18-hole golf course and the debut of the AvaniWell concept, the complex caters to leisure, corporate and wellness travellers.
UAE developer Arada has expanded into Queensland with plans for an AED5 billion twin-tower residential development in Broadbeach on the Gold Coast. Marking its first project outside New South Wales, the scheme will deliver 952 homes ahead of the 2032 Olympic and Paralympic Games. Arada’s subsidiary, Roberts Co, will handle construction.
Private equity firm Blackstone has agreed to finance the purchase of HSBC’s Australian home loan portfolio, valued at A$36 billion (US$25 billion). The deal stands as the largest mortgage portfolio transaction globally. Non-bank lender Pepper Money will handle local loan servicing, ensuring a smooth transition for existing banking clients while expanding Blackstone's Asian credit operations.
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