Property Focus

 

The Manhattanisation of Sydney

Carolyn Cummins 8:33 AM   It's being called the Manhattanisation of our cities, with a mix of apartments, offices, international shops, a vast array of restaurants, new cinemas and laneway bars and cafes.

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Capital Gain: Box Hill site with permit for Melbourne’s tallest suburban skyscraper for sale

545 station street, Box Hill

Marc Pallisco 1:57 AM   A Box Hill site with a permit to build what was, until this year, Melbourne's tallest suburban skyscraper, will soon have a new owner.

Bendigo library revamp creates a new chapter

Golden yellow hues reflect back to the gold rush days in the revamp of Bendigo Library by MGS architects.

Stephen Crafti 12:31 AM   Occupying a prominent site in Bendigo’s CBD is the library. Adjacent to the historic town hall, the library, originally designed in the mid-1980s, was one of the least ‘polished jewels’ in the streetscape.

Dame Edna's neighbourhood get a facelift

40 Hall Street and 34-36 Margaret Street, Moonee Ponds.

Carolyn Cummins 12:30 AM   Caydon has plans for about 1200 apartments on a 13,400-square-metre site that will also include shops and offices.

Woolwich Marina hits the market

Put in: Marinas are tightly-held across Sydney, mostly by private owners.

Carolyn Cummins 11:45 PM   Agents said there are 270 berths generating an income of about $417,000 per annum.

Pubs making a comeback as investment-grade assets

Pubs such as the Macquarie Hotel in Liverpool are being snapped up as key investment assets.

Carolyn Cummins 11:45 PM   The push to expand the western suburbs of Sydney has seen areas such as Liverpool come out of the shadows of its neighbours of Penrith and Parramatta, with a raft of new projects approved and under construction in the city centre.

Leasing ladder

Carolyn Cummins   ROSEBERY $400 sqm gross.

Asian Property Investment into Australia

Vanessa Rader   Over the last two years, Asian investment into Australia has been strong.

Lend Lease in $1.6b Asian deal

Lend Lease is building on its Australia portfolio, which includes the Barangaroo development in Sydney, with a range of projects in Asia.

Carolyn Cummins   Global construction and development group Lend Lease has gained a bigger foothold in Asia with the win of a $1.6 billion joint venture.

Elanor Investors buys Auburn Centre for $68m

Carolyn Cummins   Elanor Investors has snapped up the Auburn Centre for $68 million, in the second major retail transaction in the area this year.

Speciality shops take space in Westpac Tower

Artist's impression  of the Westpac building behind Scot's church.

Nicole Lindsay   A slew of new specialty shops are set to open at the bottom of Westpac's new tower at 150 Collins Street.

Walker Corp close to finalising fifth tower tenant

Walker Corp's Tower 5, designed by Woods Bagot, for Collins Square development in Melbourne.

Nicole Lindsay   The global financial services company is a potential anchor for Walker Corp's fifth tower at the $2 billion Collins Square project.

Average office worker spends 80,000 hours seated during working life

Australia Post's refurbishment of its main Cleveland Street office in Redfern

Philip Hopkins   Studies estimate the average office worker spends about 80,000 hours seated during their working life.

Carlton site overshoots reserve price by $4 million

sold

Simon Johanson   A Carlton development site with significant development upside has sold for $9.1 million.

Port Phillip Bay site to become luxury apartments

An artist's impression of the site on Port Phillip Bay that has sold for $11 million.

Simon Johanson   A gateway site on Port Phillip Bay has sold for $11 million and will be transformed into high-end apartments and an upmarket supermarket overlooking Station Pier.

Dalian Wanda posts 14pc profit gain

An artist impression of Gold Fields House under its existing development application.

Carolyn Cummins   China's new owners of Gold Fields House at Circular Quay has reported an increase in profits of 14.04 per cent.

Solomon Lew loses Supreme Court bid to demolish historic warehouse

Solomon Lew

Clay Lucas   A bid by a company controlled by Solomon Lew to demolish a historic North Melbourne building has been dismissed by the Supreme Court.

Kathmandu to open new flagship store in Bourke Street, Melbourne

Adventure wear outlet Kathmandu will create a large new flagship store in the Galleria shopping centre, opposite its main city store in Elizabeth Street. The outdoor retailer has signed a lease for about 1000 square metres in the Galleria at the base of 385 Bourke Street, a building owned by Dexus in a 50-50 venture with Canada Plan Investment Board.

IMG_1090.JPG

Simon Johanson   Adventure wear outlet Kathmandu will create a large new flagship store in the Galleria shopping centre, opposite its current main city store in Elizabeth Street.

Market Wrap: Three shops sell as one in Hampton Street for $3.96m

A cream brick building at 48 Johnson Street in Reservoir has sold for $614,500.

Three shops have sold as one property to a local investor for $3.96 million, substantially above the reserve price.

Growing inequality? It's your fault

Michael Pascoe dinkus Dinkus

Michael Pascoe   Now that you have your castle, you want to defend it.

Air NZ's Cam Wallace comes down to earth for the Sevens

Billionaire Gina Rinehart, chairman of Hancock Prospecting Pty, center, speaks with attendees during the Mines and Money conference in Hong Kong, China, on Thursday, March 26, 2015. The conference runs through March 27. Photographer: Jerome Favre/Bloomberg *** Local Caption *** Gina Rinehart *** Local Caption *** Gina Rinehart

Carolyn Cummins   While Australian and Kiwi sports fans were tuned into the final of the Cricket Wold Cup in Melbourne on Sunday, those that favour the game of Rugby were cheering on the Aussies at the Sevens tournament in Hong Kong. It is an unlike a Kiwi to miss a rugby game, and Air New Zealand's chief sales and commercial officer, Cam Wallace, was slated to be among a rowdy horde of fellow countrymen at the Hong Kong Sevens last weekend.

Sold! The suburban Sydney tennis court became the key to an $11 million property deal

Former owner: John O'Brien on <i>Inside the Siege: The Untold Story</i>.

Eamonn Duff   On paper, it was just another bumper sale of prime coastal real estate, soon to make way for a block of luxury units boasting ocean views.  

City buildings halfway to emissions reduction target

Artist impression of the landmark $750 million 60 Martin Place redevelopment.

Carolyn Cummins   New developments across Sydney, will aim to have high green star ratings.

Property boom reaches all sectors

View from the top of  Tower 2 of the Barangaroo South Lend Lease construction site Sydney.

Carolyn Cummins   The NSW property sector is currently experiencing a long term recovery.

Outperformance of retail capital values to drive CBD supply

AMP Capital has named Denmark's 3XN as the winning architectural firm in its Design Excellence competition for the 50 Bridge Street tower and Masterplan architects for the Quay Quarter Sydney (QQS).

Carolyn Cummins   Down at street level, there has been a power shift among retailers.

More mergers flagged for REITS

CBD Towers of Power.  Deutsche Bank, Chifley Sq, Aurora Place, Gov Philip Tower - the most expensive rents in Australia.

Carolyn Cummins   GPT Group has emerged as the latest name to be casting an eye over the Investa Property Group portfolio.

Battle for Sydney's prime retail strips looming

505 George St
74 storeys, 260m high, being developed by Mirvgac and Coombes family.

Carolyn Cummins   The battle is looming in the Sydney central business district as to which street, Pitt, George or Castlereagh, will be crowned as the ''One''.

Without reserve

330 King street, Newtown. Newtown Central shopping centre.


Newtown Central_260814_01.jpg

Carolyn Cummins   Australian Property Opportunities Fund II (Fund), has made its first foray into NSW.

Hot property: Playing the global game

Andrew Holder   What does the growing power of multinationals mean for our local commercial property market?

Collins Street building sells for $8.888888 million

Auctioneer Phillip Kingston called for a series of figure eights – considered lucky in Chinese lore - to round off the auction.

Nicole Lindsay   A Chinese investor has paid a lucky $8.888888 million for a small piece of Collins Street.