Property Focus

 

How property developers make windfall millions

Michael Pascoe 10:01 PM   Buy one thing, use spin and insider knowledge to get planning approval to turn it into something completely different and, hey presto, you've made a windfall without moving a brick. But others lose.

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World's biggest cattle station could head to the carvery

Some of S. Kidman & Co's cattle stations are within the top-secret Woomera rocket range.

Jared Lynch and Philip Wen 3:02 PM   Australia's biggest private landholding could be carved up to satisfy Treasurer Scott Morrison after he blocked its sale to Chinese investors, saying

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Morrison blocks sale of nation's biggest cattle station

Some of S. Kidman & Co's cattle stations are within the top-secret Woomera rocket range.

Edward Johnson 11:51 AM   The federal government says the location of one of the company's ten cattle stations in a weapons testing area could compromise national security.

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Home loans demand 'kicked back again': NAB

Home loan volumes have recovered after the big banks jacked up rates, NAB's finance chief says.

Narayanan Somasundaram   Home loan volumes have recovered after the big banks jacked up rates, NAB's finance chief says.

Market Wrap: Syndicate snaps up Charter Hall industrial assets

Anthony Carbone and Craig McKellar sold a large Reservoir warehouse at 43 Lakeside Avenue for $2.25 million.

An interstate investment syndicate has paid circa $6.5 million for a small Charter Hall leasehold industrial portfolio on Melbourne Airport's fringe.

Decontamination work starts on languishing Maribyrnong defence site

Groundwater at the former Maribyrnong  defence site is contaminated.

Clay Lucas   The decontamination of a massive inner-city site dormant for more than a decade has begun, but owner the Defence Department isn't answering questions on its long-term plan for the land.

Goodman's $1.7b sales pipeline

Goodman is selling the Carter Street industrial site  near Sydney Olympic Park for housing.

Carolyn Cummins   Goodman Group has $1.7 billion worth of conditional sales from its urban development pipeline with the cash being used to conquer more overseas markets.

Retail shakeup: you ain't seen nothing yet

Every shopper (and their dog) is looking forward to the arrival of new luxury retailers like Cartier.

Carolyn Cummins   The march of the international retailers into Australia has been a characteristic of the sector for a while, but that's nothing to what is slated to arrive in the coming years, according to agents.

Developers eye $100m Marsden Park sale

The Clydesdale estate is one of the largest residential subdivisions to come on to the market in Sydney this year.

Carolyn Cummins   Developers Stockland and Mirvac are tipped to join a long line of buyers for the $100 million-plus Clydesdale estate in Marsden Park, which is said to be one of the largest residential subdivisions to be offered to the market in Sydney this year.

Flinders Lane stripped back to roots

ASX-listed Lion Selection Group is leasing 215 square metres on level 2 at 175 Flinders Lane for a lease term of almost six years, paying $360 a square metre gross.

Nicole Lindsay   Flinders Lane's rag-trade roots are starting to show, with tenants demanding more creative fitouts in the strip's offices.

Grocon open to hotel business for Darling Harbour site

Grocon is considering building a hotel and apartments complex at Darling Harbour, complete with infinity pool.

Carolyn Cummins   Grocon intends to submit a DA for a hotel option at the Imax site at Darling Harbour.

Sharing economy moves into car parking, property

Sidespace founder Simon Hanlon.

Simon Johanson   Looking for a car park? Searching for a short-term rental space? These apps offer solutions.

Housing boom boosts household goods sales

Housing boom has helped boost sales of household goods

Carolyn Cummins   The booming housing market has provided the same hot market conditions for retailers with sales of household goods from new televisions to sofas blitzing the competition.

East West Link dead end means buyers can tunnel into unwanted homes

Nadege Morel and Davis Michaud at their Parkville house in April. Their home of more than half a century was acquired for the East West Link.

Simon Johanson   At least 113 homes, an apartment block and 18 commercial properties will be sold over the next two years, providing a $250 million boost to government coffers after the axing of the East West Link.

Ausin sales show Chinese still home in on apartments in state capitals

Ausin Group founder Joseph Zaja expects at least five more years of uplift in property demand.

Simon Johanson   The privately held Ausin Group, which was founded by Joseph Zaja five years ago, is on track to sell 3000 properties to Chinese buyers this year.

Lend Lease looks offshore for expansion

(NO CAPTION INFORMATION PROVIDED)

Barangaroo office / City / Lend Lease / Tall towers / Sydney

Carolyn Cummins   Developer and funds manager Lend Lease will expand overseas for new growth opportunities, according to the group's executives.

Mirvac and Centuria win $1b ATP race

The Commonwealth Bank announced it will become the anchor tenant at Australian Technology Park, following a successful bid by a Mirvac Group-led consortium to buy and redevelop the site.

Carolyn Cummins   A Mirvac-led consortium and Centuria Property have emerged the victors for the $263 million Australian Technology Park, which will be the new home for the Commonwealth Bank.

Pubs are in hot demand

The Oxford Hotel  in Drummoyne has been sold for $34 million in the second largest gaming hotel transaction of the year.

Carolyn Cummins   Another round of pub sales will tip the number well over the $250 million mark in a year that has seen traditional operators return to the sector.

It's not Waterloo for Waterloo

The large mixed-use property at 24 Wellington Street, Waterloo, which sold for $12 million to an owner-occupier in a deal negotiated by JLL.

Carolyn Cummins   In a turnaround trend, an owner occupier has beaten off the developers to buy a mixed-use property in the Sydney suburb of Waterloo for $12 million.

Takeover activity heats up for REITs

Discovery Parks, which includes a site in Gerroa, is in a takeover tussle with Aspen Parks.

Carolyn Cummins   The battle for control of the unlisted $190 million Aspen Parks Property Fund has entered its next phase.

Chinese developer pays ISPT $30m for Cranbourne South farm

The dining room of North Fitzroy Star.

Marc Pallisco    Another Chinese developer is buying a farm on Melbourne's outskirts paying some $30 million – or 20 per cent over price expectations – for a shovel-ready project in Cranbourne South.

Alberts rocks Surry Hills

Guitarist Angus Young, the only original AC/DC member in the band, whose management company, Alberts, has signed a new lease.

Carolyn Cummins   It will be rocking in Surry Hills, with Alberts – an Australian music rights management company with clients including AC/DC, The Easybeats and The Angels – taking up a lease at Level 4, 68-78 Wentworth Avenue, for the 600-square-metre site.

ARUP engineers new office in Orica House

ARUP engineers a new office in Orica House with the help of Hassell Architects.

Stephen Crafti   Orica House at 1 Albert Street, East Melbourne was the first free-standing fully glazed curtain wall commercial skyscrapers in Australia but some of the interior has been completely reworked.

API clock ticks on growth but house prices still on rise

Frasers Property Australia, formerly known as Australand, is developing the Clemton Park Village in Sydney.

Carolyn Cummins   The housing boom still has some legs left with prices tipped to continue on an upwards trajectory for at least another six months, according to the latest Australian Property Institute survey.

Office markets heading into a sunny future

Wynyard Place development from Carrington Street by Brookfield Property Partners.

Carolyn Cummins   Office markets along the eastern seaboard are entering a new phase with legitimate rental growth, falling vacancies and high-quality investment-grade properties, according to landlords.

Leasing ladder

FLAT Pty Ltd has leased a 550-square-metre industrial property at 28 Barcoo Street, Chatswood from Rosment Pty Ltd.

Carolyn Cummins   Sydney commercial property leasing news.

The case for urban housing

Inner Sydney housing in central Sydney near Chinatown.

Kevin Driver   During the past decade a paradigm shift towards new medium- and high-density housing has occurred in Sydney.

Sunland fights $9m claim by jailed Australian

Suing for damages after his imprisonment in Dubai: Marcus Lee, with his wife Julie in a picture taken last year.

Rick Feneley   The developer has launched a court bid to strike out a $9 million damages suit by accountant Marcus Lee, who blames it for his imprisonment.

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Mirvac and Centuria front runners for ATP

Australian Technology Park, which is being sold by the NSW Government's UrbanGrowth NSW.

Carolyn Cummins   The winning bidders for the $200 million Australian Technology Park are understood to be Centuria and Mirvac, with some of the properties going into a newly-created fund.