Property Focus Business News

Buchan Group's project in Ringwood called REALM at Eastland.

Library adds more pages to its realm

Libraries have become much more than book depositories, now including community facilities such as maternal health rooms, active and passive areas for toddlers, designated areas for youth, cafes, lounges: the list is almost endless. And rather than being tucked away, libraries are now occupying key sites that broaden their usage. The recently completed 'REALM' library complex, designed by The Buchan Group with London-based practice ACME (responsible for the building's 'skin') shows how far libraries have come.

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The insulation on the affected cables deteriorates and becomes brittle far more quickly than normal wires.

Australian homes at risk from faulty wiring

Electricians and builders are ignoring a recall of faulty electrical wiring, leaving tens of thousands of homes at risk of fire.

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Elements of Byron has officially opened after six years of planning, design and development.

Hotel sector heating up

Elements of Byron has been officially opened by NSW Minister for Trade, Tourism and Major Events Stuart Ayres.

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Maroubra RSL and land is on the market through JLL.

Lendlease moves to next stage of Circular Quay project

Investors and developers are expected to line up for the Maroubra RSL Memorial Bowling Club and land which has been offered for sale by the club.

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Impact Investment CEO Chris Lock poses for a photo at the former Lonely Planet building in Footscray, which is being ...

Not so lonely in Footscray high-tech shared work space

Impact Investment Group has launched a technology and co-working space hub called The Dream Factory for the former Lonely Planet building in Footscray.

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Ten bidders battle it out Doncaster East's 16 Tunstall Square.

Eager investors bid up commercial property

A well attended auction in Doncaster's Tunstall Square saw 10 bidders battle it out in front of 200 people to grab 16 Tunstall Square for $2.85 million on a tight 2.9 per cent yield.

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Singapore investment connections strengthen

As a net outbound investor, Singapore is one of Australia's top investors.

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The Royal Hotel Ferntree Gully will be added to the Charter Hall and Hostplus fund

Charter Hall expands $810m pub fund with Hostplus

Charter Hall and HOSTPLUS have created a second pub fund valued at $135 million with the purchase of three new assets in Victoria and Queensland, which are currently operated by the ALH Group (ALH).

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Apartment blocks at Docklands where towers of glass, steel and concrete dominate the landscape.

Leasing merry-go-round stops

The Australian Bureau of Statistics is poised to move its Melbourne offices down to Docklands, away from the Flagstaff Gardens.

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An artist's impression of the St Collins Lane redevelopment.

St Collins Lane opens in May, set to rival Emporium

Move over Emporium, St Collins Lane is about to arrive. Melbourne's latest luxury retail mall stretching between Little Collins and Collins streets is on track to open early in May

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The Fletcher Jones site in Queen Street has been sold.

Fletcher Jones site flipped to new developer

Funds associated with Caydon Property Group are believed to be behind the unconditional transaction involving the Fletcher Jones corner development site, which has turned a tidy $7 million capital gain for Creative Wealth.

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Total House in Russell Street is due to be sold.

New owner for brutalist Total House

The brutalist Total House car park in Russell Street has been sold by property developer Richard Gu.

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Rockbank development site sells

CAPITAL GAIN

Builders have swooped on more land in Rockbank, the suburb until recently largely zoned Green Wedge, and prevented from development.

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Pacific Square shopping centre at Maroubra, owned by Charter Hall.

Charter Hall lifts earnings upgrade

Diversified developer and funds manager Charter Hall will focus on its development program but will stick to the three core areas of office, industrial and retail to underpin its increased earnings per security growth guidance of 8 to 10 per cent for the full 2016 year.

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Dick Smith stores won't be vacant for long, say property experts.

Dick Smith: One door shuts and another opens

Dicks Smith stores will be snapped up quickly but the new tenants are more likely to be selling manicures than cheap TVs, say property experts.

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An artist's impression of the new CBA building at ATP.

Suburban offices are in hot demand

Tenant demand for office space has seen a resurgence in occupancy across the suburban markets, according to agents and buyers.

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Retail property is in hot demand and shoppers return

Retail property basking in the glow of high demand

The retail sector has been one of the busiest with asset sales and strong leasing activity keeping things ticking along.

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Demand for office space has boosted the occupancy.

Office demand high for small spaces

Proposed redevelopments of major assets for residential purposes coinciding with the NSW government's compulsory acquisition plans will displace tenants and increase competition for office premises over the next 12 to 24 months.

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Cypress Lakes Resort, Hunter Valley is part of the Oaks Hotels & Resorts stable.

Minor Hotel Group accommodates profit lift as sector flags solid growth

Minor Hotel Group has benefited from its Australian brand, Oaks Hotels & Resorts, which has helped underpin a 38 per cent year-on-year increase in 2015 net profit.

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VIMME has leased an office/warehouse in Parramatta Road, Auburn.

Leasing ladder

An update on commercial leasing in Sydney.

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For developers, the apparent fickle application of lending criteria is hard to understand.

Developers feel the heat as frustration builds

Developers are frustrated and puzzled at what they view as lenders' unreasonable refusal to consider providing finance even where there are good presales.

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Carr Design Group's spa in Drouin East, Gippsland.

Log in the landscape home to stylish spa in vineyard

Carr Design Group has been inspired not only by the rhythmic rows of vines, but also the gentle slope of the land and the views over the farm sheds that dot neighbouring properties to create a special spa in Gippsland.

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Henry Kaye and Jamie McIntyre with an associate, Konrad Bobilak, at a fancy dress party.

Senate backs property spruiker crackdown

An overhaul of property laws has been backed by a Senate committee after Fairfax Media revealed property spruikers have cost investors millions.

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Big projects: Westfield's World Trade Center Transportation Hub mall.

Speciality sales top up Westfield's $3.2.b profit

Higher sales at its offshore malls has seen Frank Lowy's Westfield Corporation report a profit of $US2.3 billion ($3.2 billion) for its first full year since it was spun off Westfield's Australian and New Zealand centres.

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David Jones' Market Street store is on the market.

David Jones' Market Street store on the block

Scentre Group, one of the country's largest retail landlords, has thrown its hat into the ring as an interested buyer of the $350 million-plus David Jones department store on Market Street, Sydney.

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Artist's impression of White Bay Power Station.

White Bay Power Station enters new development phase

Submissions for the first stage of the development of the White Bay Power Station site close on Thursday with an array of developers beating a path to the door of the NSW government property arm, UrbanGrowth NSW.

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Perth-based developer Cedar Woods' shopping centre at Williams Landing, west of Melbourne.

Cedar Woods doubles first half profit

Perth-based home developer Cedar Woods has doubled its first half profit as it aims for its sixth consecutive year of record results.

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An expressions of interest campaign is under way for 195 Lennox Street in Richmond.

Business owners cash out of hot Richmond market

Owner-occupiers who bought into Richmond in the 1980s are poised to cash up.

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Two new shops at the foot of VIMG's Metropolitan building at 137 Bourke Street will hit the market.

Yields tighten in strata retail market

Yields sharpened between 80 basis points and 100 basis points in 2015.

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Customers purchase items from the deli counter at an IGA supermarket.

Investors compete for supermarket sites

A landowner who recently won an $11 million legal battle against Woolworths has taken another retail punt by purchasing an IGA supermarket in Castlemaine from property superannuation giant ISPT for a similar sum.