Property Focus

 

Cranes are the new fashion accessory

Carolyn Cummins 5:33 PM   If its hard to see the sun in Sydney, its because its blocked out by a record number of cranes.

Our 'billion-dollar vote of confidence' from China

Wanda's Jewel development could be a bellwether for the Gold Coast apartment market

Amy Remeikis 2:25 PM   The fight for Chinese tourism dollars is at the centre of beachfront Jewel resort.

H&M; celebrates two year Australian anniversary

H&M Australia manager Hans Andersson says the brand has had a "fantastic" reception.

Carolyn Cummins 11:45 AM   H&M; Australia has turned two and by all accounts is the jewel in the Swedish empire's crown.

City buildings a big deal to hungry investors

Stawell Chambers at 493-495 Little Bourke Street in Melbourne has been sold to a private investor.

Simon Johanson 12:00 AM   A company connected to the Sydney-based Vidor family's Toga Group has quietly paid a speculated $23 million in an off-market deal for a three-storey office owned by celebrated architect Daryl Jackson.

Growthpoint launches bid for GPT Metro Office

GPT Metropolitan Office Fund's Vantage is at 109 Burwood Road Hawthorn.

Carolyn Cummins 12:15 AM   Growthpoint Properties has weighed into the takeover activity among the real estate investment trusts with a non-binding and indicative cash and scrip offer for the $275 million GPT Metro Office Fund.

Moving on up in West Melbourne

About 100 people turned up to the auction at 137-157 Adderley Street, which is close to the North Melbourne rail yards ...

Nicole Lindsay 12:00 AM   A West Melbourne development site has fetched $9.4 million at auction as developers vied for a piece of the CBD-fringe suburb.

Eastland expands as stage two joins old to new

The Eastland redevelopment in Ringwood.

Nicole Lindsay 12:00 AM   The second stage of the $655 million Eastland revamp will be unveiled in May.

Retail yields tighten in city centre

A private investor has paid $4.65 million on a 7.8 per cent yield for a dual office/warehouse in Derrimut.

12:00 AM   An update on the latest commercial sales and leases in Melbourne.

South Africans buy Carlton car park to set up student housing

South African-based Redefine has bought a Carlton site for student housing.

Simon Johanson 12:15 AM   The purchase of the 16-32 Leicester Street site is Redefine's first foray into Australia's student sector.

Investa pays $442m for George Street tower

Investa has taken a 75 per cent stake in 420 George Street, Sydney.

Carolyn Cummins   Investa Property GroupĀ has bought a 75 per cent stake in 420 George StreetĀ for $442.5 million.

$50m defence housing fund winds up

Defence Housing Australia managing director Peter Howman.

Sarah Danckert   $50 million pilot fund set up by rugby union legends Phil Kearns and Andrew Mehrtens is being wound up.

Comments 2

Big retailers look to smaller stores

Hardware giant Bunnings is another big-box retailer with ambitions to go small.

Carolyn Cummins and Catie Low   In retail, it seems size does not always matter.

Comments 11

Developers looking north and south-west for sites

Box Hill in Sydney's north-west is emerging as one of the most in-demand regions for developers, underpinned by the ...

Carolyn Cummins   Sydney's outer regions in the north and south-west are some of the most in-demand areas for developers, underpinned by the strong growth predicted in the area over the medium to long-term.

Ascendas-Singbridge stamps mark on North Sydney

The Ascendas-Singbridge Group has bought 100 Arthur Street in North Sydney.

Carolyn Cummins   The Ascendas-Singbridge Group has bought 100 Arthur Street in North Sydney, known as Innovation Place.

Former home of Swine & Co on market

The former home of Swine & Co at 16 O'Connell Street, Sydney is for sale.

Carolyn Cummins   The art deco former home of Swine & Co in the heritage-listed site at 16 O'Connell Street is for sale.

Crema Group sells fourth Doncaster asset in as many months

Marine Hotel at 199 - 217 New Street, Brighton

Marc Pallisco   Crema Group has sold its fourth Doncaster Hill asset in as many months, accepting a $15 million offer for 666 Doncaster Road ā€“ a low rise office with high rise redevelopment potential.

Holiday Inn Express arrives in Macquarie Park

New Holiday Inn Express opens at Macquarie Park.

Carolyn Cummins   Macquarie Park has welcomed the new Holiday Inn Express which has arrived in time to take advantage of the growth in the area.

Retailers set up shop at new frontier of transit hubs

New York's World Trade Centre Transportation Hub includes the Santiago Calatrava-designed main hall, the Oculus.

Carolyn Cummins   A new CBRE report shows one-fifth of brands from the Americas, and Europe, the Middle East and Africa are targeting travel hubs (such as airport and railway terminals) as an emerging format for expansion.

Even playing field needed

Douglas Driscoll, CEO, Starr Partners.

Douglas Driscoll   I would like to start by saying I actually welcome foreign investment in Australia, but believe measures should be taken to ensure Australians are not at a disadvantage.

Leasing ladder

Concept Finance Group has leased a Chatswood office from Intera Group.

Carolyn Cummins   An update on commercial leasing in Sydney.

Inspirational design for new cancer centre

The Victorian Comprehensive Cancer Centre is a major addition to Melbourne's healthcare, as well as the city's ...

Stephen Crafti   The Victorian Comprehensive Cancer Centre is an important addition to Melbourne's health scene, as well as the city's architectural legacy.

China's little emperors prop up Aussie housing

Ross Greenwood discussed off the plan property.

Narayanan Somasundaram   More than half of property buyers of Chinese origin are supported financially by their families in China, underpinning property demand.

Comments 92

DEXUS offer for Investa gets a sweetener

If successful, DEXUS will increase its share of the national office market to about 7.4 per cent from 2.6 per cent in ...

Carolyn Cummins   InvestaĀ Office Fund has upped the ante with a special distribution for unit holders on the proviso they accept the DEXUSĀ cash and scrip offer.

Tech tenants the new kids on the block

The kitchen area at the new Twitter offices at 2 Park Street,  Sydney

Carolyn Cummins   There is a new tenant in town, that will soon overtake the traditional banks and financial services, and create a new feel and vibe in capital cities.

Chinese developer and Smorgon family in St Kilda Road tower stoush

480 St Kilda Road Melbourne, where the views are at risk.

Simon Johanson   A China-based developer has upset Melbourne's St Kilda Road establishment by winning a planning contest against members of the influential Smorgon family over the boulevard's views.

Packer on a winning streak over Barangaroo changes

Crown's $1.5 billion proposal for Barangaroo.

Sean Nicholls and Leesha Mckenny   James Packer's Crown Resorts has warned the NSW government that if it is forced to shrink the size of the podium on its proposed $1.2 billion Barangaroo casino resort the entire project will be at risk.

Investa manager undertakes independent review

The ABC chairman James Spigelman has been appointed to undertake a review of governance in the IOF takeover process.

Carolyn Cummins   The battle for control of the listed Investa Office Fund may have entered its final stages, but in the latest twist the current manager has appointed James Spigelman, the former Chief Justice of NSW, to advise it on corporate governance arrangements.

Shop sales sizzle as investor pays premium for Hampton store

A modern freehold building at 4 Main Street in Greensborough leased to three separate tenants returning about $92,000 a ...

A shop that changed hands for the first time in over 60 years is believed to have fetched the highest price ever paid for a single-fronted freehold in Hampton Street as the retail investment market continues to sizzle.

'Well building' standard puts people first

Lendlease's three towers at Barangaroo in Sydney are being assessed for WELL ratings.

Nicole Lindsay   If you've ever been denied access to your building's stairs by the property's manager and forced to use the elevators, the new "well building" movement could bring some hope of change.

Readings heads for the mall

Readings books owner Mark Rubbo says he wants to bring the business to a new market "and see what happens".

Nicole Lindsay   One of Australia's leading independent book shops, Readings, has made a surprise move from the street and into a major shopping centre.