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In the news.
Our developments, properties and investments, as covered in the press.
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13 October 2026
Soaring tower plan to reach new Adelaide city heights
The State Commission Assessment Panel is assessing a 40-storey student accommodation tower for 195 North Terrace, the site of the M1 Centre. With 612 rooms and 635 beds, it would be just the third 40-storey building in South Australia.
- October 2026
14
Oct 2026
Australian Financial Review
How Firmus' $40b IPO failure unfolded day by day, as insiders tell the full story
A day-by-day account of how investor demand for Firmus Technologies' shares evaporated, after co-chief executives Oliver Curtis and Tim Rosenfeld spent months pitching the company ahead of its planned ASX listing.
Firmus TechnologiesRead on Australian Financial Review ↗
12
Oct 2026
The Urban Developer
SA Capital's Student Tower Boom Edges Closer to a Fresh Record
Mandala's 40-level, 118-metre student housing tower at 195 North Terrace, designed by Brown Falconer, has been recommended for approval ahead of the panel's 14 October meeting. It would replace the 12-storey M1 Centre.
195 North TerraceRead on The Urban Developer ↗
- September 2026
28
Sep 2026
Australian Financial Review
Heidi Health expands into AI admin agents to challenge legacy rivals
Blackbird-backed AI medical scribe Heidi Health, last valued at $1.26 billion, is rolling out AI assistants that complete administrative tasks on their own, giving doctors more time with patients as it takes on legacy healthcare software providers.
AIRead on Australian Financial Review ↗
28
Sep 2026
Australian Financial Review
Anthropic at $2.9trn isn’t far-fetched
With Claude maker Anthropic preparing for an IPO that could value it at $US2 trillion, this column argues the valuation isn't far-fetched, while noting investors face both a giant unpriceable risk and a giant unpriceable opportunity.
AIRead on Australian Financial Review ↗
- August 2026
24
Aug 2026
Australian Financial Review
L1 Group seeks fresh cash for $1.1b gold fund
Mark Landau and Raphael Lamm of L1 Group are raising new capital for the $1.1 billion L1 Gold Fund, hiring eight brokers to raise $160 million through a one-for-three entitlement offer that could bring in up to $500 million if fully taken up.
L1 Gold FundRead on Australian Financial Review ↗
05
Aug 2026
Australian Financial Review
Hedge fund makes 60pc on Firmus trade within a month
Jack Hu's Phoenix Growth Fund has sold the Firmus Technologies shares it bought only a month earlier, joining Regal and WAM in selling down stakes in the data centre developer. Hu believes large offshore funds are driving the frenzied demand.
Firmus TechnologiesRead on Australian Financial Review ↗
- July 2026
14
Jul 2026
Australian Financial Review
Hyperion snags $290m SpaceX bet as stock crashes back to earth
Hyperion Asset Management's $290 million stake in SpaceX, taking its total exposure to Elon Musk's companies to $1 billion, is threatening a recent winning streak as SpaceX shares fall back towards their IPO price.
SpaceXRead on Australian Financial Review ↗
- June 2026
20
Jun 2026
Australian Financial Review
Inside the spectacular $122m crash of a flashy Sydney property tycoon
Jean-Dominique Huynh, the former Macquarie banker behind the redevelopment of Sydney's Sirius building, has collapsed into bankruptcy owing investors more than $122 million. Mandala Capital's David Lee, owed $500,000, recalls being asked for an urgent $1 million loan to finish the Nautique development in Rushcutters Bay.
Mandala CapitalRead on Australian Financial Review ↗