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Property Focus
Camillo Ippoliti weaves Thai magic with Phillip Schemnitz-designed restaurant
Stephen Crafti First, there was Cookie, followed by Toff in Town. Now, Camilo Ippoliti adds a Thai twist to the city.
Hotels preparing for influx of Chinese visitors
CAROLYN CUMMINS Hotel sector accelerates China Ready plan.
Hot Property: Planning revamp essential
Philippa Kelly Competition is the basis of a healthy retail market.
Department stores under the spotlight
CAROLYN CUMMINS David Jones is looking to develop more of its concept stores.
Leasing ladder
CAROLYN CUMMINS Who's doing what and where.
MLC Centre signs up new tenants
CAROLYN CUMMINS Office lease deals have been signed at the MLC Centre.
B-Grade buildings back in the race
CAROLYN CUMMINS The demand for B-grade offices is rising from small to medium tenants.
Macquarie Park welcomes the techs
CAROLYN CUMMINS Owners of older properties are spending money to upgrade the assets that cater for laboratories, and other high-tech industries.
Capital Gain
MARC PALLISCO Will Deague’s Asian Pacific Group has bought into one of the CBD’s most controversial developments in a partnership described as “the fruits of a long term friendship” with Jeff Xu, head of Golden Age Group.
Ardent Leisure loses 20pc of share price after Deborah Thomas is named new CEO
CAROLYN CUMMINS Investors in theme park and health club operator, Ardent Leisure, have sold the stock down by close to 20 per cent during Wednesday morning, in the wake of the news that the veteran media personality, Deborah Thomas has been appointed chief executive.
Market wrap
Listed AREIT Growthpoint Properties has sold a large warehouse for $7.7 million. The property at 308-318 Abbotts Road – one of Melbourne's most accessible large warehouses – was leased to Excel Lubricants.
Land owners cash in on 100-hectare blocks outside Geelong
MARC PALLISCO A Geelong land owner has cashed in on one of the last approvals granted by former minister Matthew Guy.
Buyer snaps up Chinatown building for $5m
Nicole Lindsay The first CBD auction of the year has kicked off with frenetic bidding by both local and off-shore parties, keen to snare a piece of Chinatown property.
Summerhill shopping centre in Reservoir opens as $85m sale sealed
Nicole Lindsay Summerhill Shopping Centre in Reservoir opens today amid negotiations to offload the asset to La Salle Asset Management in an $85 million deal.
Education sector soaks up office space
SIMON JOHANSON The education sector continues to soak up Melbourne's lower-grade office space, with an international education provider taking 4760 square metres in the former Taylors House.
More mergers and acquisitions tipped for REITS
CAROLYN CUMMINS Deals will be on the radar in coming months, property analysts says.
Target to close St Kilda Rd office in Melbourne
Sue Mitchell Less than three years after signing up as the anchor tenant in an eight-storey office building in Melbourne's St Kilda Rd, discount department store chain Target is exiting the site and moving staff to Geelong and the central business district in a bid to cut costs.
Nick Riewoldt and other AFL stars put Flinders Street pub on the market
SIMON JOHANSON A group of pub-owning AFL football luminaries that includes St Kilda captain Nick Riewoldt have decided to exit the hotel game.
REA moves on Move
JARED LYNCH REA's directors have begun sharing their expertise with management of Move – the third-ranked US property site the company bought with News Corporation for almost $US950 million ($1.2 billion) – as it looks to strengthen its foothold in the world's biggest property market.
Capital Gain: Southbank on the rise
MARC PALLISCO Southbank is further consolidating its position as Australia’s high-rise capital, with another landmark tower mooted, this time for a site near the corner of City Road and Clarendon Street.
Deals and deeds
CAROLYN CUMMINS Commercial property sales
Hot Property: Why Sydney's commercial capacity problem is a myth
Michael Cook There are plenty of potential sites in the CBD that could be amalgamated or redeveloped to unlock further space, if indeed it is truly needed.
GPT Group reviews Sydney Olympic Park and Rosehill properties for mixed use
CAROLYN CUMMINS Mixed use rezoning is becoming all the rage as demand for suburban apartments and offices surges.
Building managers call in SaaS to improve efficiency
CAROLYN CUMMINS As buildings are used for longer hours, the need to connect its users with the managers becomes more vital.
Surry Hills Shopping Village on market
CAROLYN CUMMINS Residential potential for Surry Hills shopping centre site.
New smaller tenants add buzz to the CBD
CAROLYN CUMMINS A wide range of new, smaller tenants have entered the central business district, adding buzz and variety to the traditional financial and legal leases.
High investor activity will see new wave of hotel development
CAROLYN CUMMINS The listed Singapore real estate developer TEE Land has settled on it purchase of the four-star boutique Diamant Hotel in Potts Point, Sydney, from a consortium, which included Paul Fischmann’s 8Hotels group for $23.2 million
Super-rich private investors account for a quarter of commercial property sales
CAROLYN CUMMINS "Ultra" high net worth individuals are snapping up commercial property in our biggest cities, writes Carolyn Cummins.
