Brickworks gets boost from TPG

With its share price down despite the rise from one of its main investments, TPG Telecom, Gaurav Sodhi takes a fresh look at Brickworks.

You’ve probably seen the cranes in the sky and soon you will see the towers. In Sydney’s CBD, they are building the tallest residential tower in the state; at Barangaroo, work will soon begin on 900 apartments (the first tranche was sold within hours); in Melbourne, ugly office blocks will now stand with residential skyscrapers and, in Brisbane, the city’s tallest tower was recently completed. There is a building boom underway and it is transforming Australia’s cities.

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