Vicinity looks at $1b asset sales

Carolyn Cummins   Retail landlord Vicinity Centres is preparing to sell up to $1 billion in assets across the country and reinvest the funds into new centres and where possible, Direct Factory Outlets, in the coming year.

Massive $1b boost to Goodman, DEXUS property values

Carolyn Cummins   DEXUS​ Property and Goodman Group have revealed that several properties will be revalued because of stronger rents, high tenancy demand and improving yields from capital growth.

Scentre strikes $2.85m deal with Booodl start up

Carolyn Cummins   Shopping is not everyone's most enjoyable way to spend a day, particularly wandering around a mall trying to locate the stores selling the items on your list.

The dynamics of retail leasing in the Sydney CBD

Carolyn Cummins   Sydney retailers are set for a new round of musical chairs as they jostle for space as part of the NSW Government's move to buy properties for preparation of the planned Metro stations.

Fife Capital buys Goldsborough Mort Building for $25 million

Marc Pallisco   Sydney based Fife Capital is paying just over $25 million for a CBD property considered one of Melbourne's most architecturally significant and imposing heritage bluestone wool-stores.

City Tattersalls votes for $200m redevelopment

Carolyn Cummins   Sydney's skyline is set to get a new crane when members of the City Tattersalls Club voted overwhelmingly to approve development of the Pitt Street building's airspace into an estimated $200 million apartment and hotel complex.

Hot Property

Chris Johnson   With Sydney's dwelling approvals running at 70 per cent for apartments there is clearly a big shift underway to a more urban way of living.

Leasing ladder

Carolyn Cummins   INGLEBURN $100 sqm net

Stephen Crafti: Black warehouse a modest advert for Big Red

Stephen Crafti   Unlike many advertising agencies whose splashy signs clearly light up their building's facades, Big Red gives no clue as to what goes on behind its office's black exterior.

Housing boom leaves swathe of empty properties

Angus Whitley   The nation's three-year property boom is leaving its biggest cities awash with empty homes, a report shows.

Property investors backing out fast

The steam is clearly coming out of the housing market, thanks to a sharp decline in the level of investor lending.

Comments 60

Big property deals keep on rolling

Nicole Lindsay   The commercial property market is poised for another bumper year as increasing business confidence drive investors.

Cedar Woods plans strata office for western suburbs

Simon Johanson   Perth-based developer Cedar Woods will launch a 5000 square metre strata office development next year and is planning a 50-room hotel at its Williams Landing estate in Melbourne's west to cater for growing employment demand.

CBD market stays hot

Nicole Lindsay   A local buyer has splashed out $18.2 million on a two-storey Victorian building on the corner of Bourke and Russell streets.

International influx lifts secondary rents

Simon Johanson   Melbourne CBD landlords are benefiting from a flood of international retailers whose commitment to large stores has pushed up demand and prices for secondary locations.

CIMIC North Sydney site gets new tenant

Carolyn Cummins   In one of the milestone leases for the year, Jacobs, a technical, professional and construction services providor, has signed space at the $413 million skyscraper at 177 Pacific Highway, North Sydney.

ISPT joins Villawood in Queensland residential venture

Simon Johanson   Super fund investor ISPT will increase its exposure to an upswing in Queensland's residential land market after signing a joint venture with Villawood Properties to develop part of its Helensvale project.

Market Wrap: Retail outlets still hot with investors

Retail outlets are still in demand as the year draws to an end. A Heathmont news agency sold for $1.305 million to an overseas investor, a price more than $300,000 above reserve.

Chinese demand for Aussie homes down 15% - McGrath

Narayanan Somasundaram   Chinese demand for Australian homes has dropped as much as 15 per cent from a year earlier as China's stocks tumbled and the economy slowed, according to real estate agent McGrath.

Comments 35

IGA site sets benchmark for independents

Sue Mitchell   A new boutique supermarket in the heart of Sydney sets the benchmark for independent grocery retailers, says Metcash chief.

DEXUS in $2.5b offer for Investa Office

Carolyn Cummins   DEXUS Property has emerged as the preferred suitor for the listed Investa Office fund with the launch of an indicative, conditional and non-binding cash and scrip offer valued at $2.5 billion.

McGrath shares drop on debut

Narayanan Somasundaram   McGrath, Australia's first real estate agency to list on the stock exchange, fell 8.6 per cent from its initial public offering price on debut.

Comments 7

Failed land banking company linked to Jamie McIntyre in liquidation

Simon Johanson   A failed land banking company linked to property spruiker Jamie McIntyre will be placed into liquidation amid concerns about $25.5 million of investors' funds.

What it takes to help your kids get into the housing market

Matt Wade   Those who receive a gift of $5000 or more from a parent are much more likely to own a home than others.

Millers Point, the future 'waterfront Woollahra'

Su-Lin Tan   Demand is high due to the nearby Barangaroo project, which has helped push some property prices up 20 per cent.

Kensington on track for more growth

Carolyn Cummins   The planned south east light rail project is forecast to attract investors and residents to the area around Kensington and Randwick, which are already high-sought after locations.

Aurora Melbourne serviced apartments sale raises UEM Sunrise $120 million

Carolyn Cummins   The Malaysian property developer UEM Sunrise Berhad has sold the serviced apartment component of its Aurora Melbourne Central for $120 million to the Ascendas Hospitality Trust.