Property Focus

 

The concierge comes to office buildings

Carolyn Cummins 2:31 PM   Front desk staff can bring the kind of service you'll find in a top hotel to an office tower near you.

Australian property fund downgraded as Brexit backlash hits UK funds

Defence Housing Australia' manages a property portfolio worth more than $10 billion.

Simon Johanson   Australia's uncertain political landscape is a far cry from the Brexit woes impacting Britain's real estate funds, but the indecisive federal election outcome has taken its first victim with ratings agency S&P; Global downgrading Defence Housing Australia.

Food and beverage pubs in demand

Newtown's Botany View Hotel is on the market.

Carolyn Cummins 11:45 PM   Pubs that offer an expanded array of craft beers and food are gaining traction and are more cost effective, say hotel property agents.

Balmain's Exchange Hotel hits the market

Balmain' s Exchange Hotel in Beattie Street, Sydney, is going on the market.

Carolyn Cummins 11:45 PM   Development sites are being offered across town as investors look for bricks and mortar that can be converted into higher yielding assets when compared to placing cash into the volatile sharemarket or low interest bearing bank accounts.

Lighting showroom emphasises dark and edgy mood

Porcelain Bear is a well-known furniture and lighting showroom in Collingwood.

Stephen Crafti 12:15 AM   The second coming of Porcelain Bear is dark and edgy, something not normally seen in a lighting showroom.

Western sales bonanza continues with 85ha exchange

Meeting rooms and offices in Lonely Planet's funky new office in Grocon's Malt Store building.

Marc Pallisco   With Tarneit farmland now fetching close to $1 million per hectare from developers, another landowner has cashed in, selling a supersized block bordering the Werribee River capable of yielding some 500 dwellings.

Leasing Ladder

SYDNEY $675 sqm gross
CV Management Pty Ltd has sub leased a 442.2 sqm office at Level 21, 123 Pitt Street from The ...

Carolyn Cummins 11:45 PM   SYDNEY $675 sqm gross

No pain, no gain for George Street

Wynyard Place, George Street entrance, which is due for completion in 2019.

Carolyn Cummins 11:45 PM   It has been the talk of the town for a long time, but as the reconstruction of George Street in in full swing, attention is now on the retailers along the strip.

Record low rates boost retailers

Retail investment volumes have risen this year.

Andrew Johnston 11:45 PM   One could be forgiven for feeling that the retail environment has weakened in the past few years, however there are many aspects of the economy that are supportive of retail and consumers continue to benefit from record low interest rates as the Reserve Bank of Australia strives to support our economic rotation away from mining and towards services.

Crocodile Club snapped up

Singaporean group Well Smart Investment Holdings has acquired the Club Crocodile Resort in Airlie Beach, marking its ...

Carolyn Cummins 11:45 PM   Singaporean group Well Smart Investment Holdings has acquired the Club Crocodile Resort in Airlie Beach, marking its third hotel purchase in Australia.

Housing boom fuels construction bounce

Housing Industry Association chief economist Harley Dale said new residential construction remained the powerhouse of ...

Australia's hot property market has driven the fastest pace of building activity growth in 10 months.

Transparency paying off for Australia

Australia’s improved ranking in the JLL Global Real Estate Transparency Index emphasises the solid investment ...

Carolyn Cummins   The ease of doing business in Australia has led to a significant rise in foreign capital inflows for the residential and commercial sectors.

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Brexit freezes $10b more British property funds

LONDON, ENGLAND - JULY 02:  An inflatable EU balloon is hung on the Churchill statue in Parliament Squareas protesters ...

Sarah Jones   Four more UK property funds froze withdrawals as investors sought to dump real estate holdings in the aftermath of Britain's vote to leave the European Union.

Battle for GPT Metro takes a legal turn

GPT Metro Office Fund's new building at 3 Murray Rose Avenue at Sydney's Olympic Park is one of six assets it owns.

Carolyn Cummins   The battle for the GPT Metro Office Fund has intensified with Centuria Capital claiming its management agreement with the GPT Group has been "breached".

Facebook likes Docklands

Docklands gets the thumbs up.

Nicole Lindsay   Facebook is heading to Docklands, signing a lease for 1000 square meters at 720 Bourke Street.

Quatius Logistics signs new lease

Quatius Logistics has signed a new lease over a substantial office and warehouse complex at Eastern Creek.

Carolyn Cummins   Industrial property is in the spotlight with Quatius Logistics signing a new lease over a substantial Frasers Property owned office and warehouse complex at Eastern Creek in Sydney's west.

Celtic Club to vote on CBD future

The Celtic Club on the corner of Queen and La Trobe streets in the CBD.

Nicole Lindsay   The Celtic Club's 900 members will vote on Thursday on a deal to sell its Queen Street  $26.5 million deal to sell the Queen Street hotel.

Fishermans Bend megasite back on the market

An artist's render of the MaxVic residential project at 60 Johnson Street in Melbourne's Fishermans Bend

Simon Johanson   Melbourne developer Bill McNee is chasing an early payout after putting a megasite in Fishermans Bend back on the market for a second time rather than developing it.

Luxury King Street retail precinct coming to life

119 King Street is said to be earmarked as the flagship store for an international retailer.

Carolyn Cummins   Investors are seeking out bricks and mortar as a safe haven option against uncertainty triggered by a range of issues, including the unknown result of the federal election and low interest rates.

Mercure Parramatta snapped up for $40m

A private Asian investor has bought the landmark Mercure Parramatta hotel in a deal valued at $40 million through CBRE ...

Carolyn Cummins   Demand for hotels is on an upward trajectory as evidenced by the recent sale of the Mercure Parramatta, in a deal valued at $40 million, to a private Asian investor.

New luxury menswear store takes space in Flinders Lane

Masons will open a new luxury menswear store in 167 Flinders Lane.

Simon Johanson   A luxury menswear store called Masons is set to open on Flinders Lane as the hip strip consolidates its status as an upmarket retailing destination.

Shopping centre giants revamp malls to keep up with customers and technology

Rebecca Louise Law's 'Vision of The Canopy', a permanent inverted garden of 150,000 preserved flowers at Eastland.

Nicole Lindsay   Shopping centre owners around the country are spending billions of dollars revamping malls in a bid to meet the social and technological changes rewriting the retail landscape.

Small city office sells for $155,000

7 Duke Street in Windsor sold at a healthy land rate of $10,464 per sq m in front of a 100-strong crowd.

It might be the cheapest (and possibly smallest) office in the CBD, but it fetched a yield of 7.1 per cent.

Benetas offloads aged care respite centre for $19m

534-540 Doncaster Road has sold to aged care provider Benetas.

Simon Johanson   Aged care providers are bidding up the prices of specialised facilities ahead of the wave of ageing baby boomers flooding the sector looking for care options.

Developers eye Australia as Malaysian property sector slows

An artist's impression of 16-22 Claremont Street.

Simon Johanson   Asian property developer Salcon has swooped on ragtrader Roger David's former headquarters in Melbourne in response to a slowing property market in Malaysia.

Centuria mulls next move in GPT Metro saga

GPT Metro Office Fund's new building at 3 Murray Rose Avenue at Sydney's Olympic Park is one of six assets it owns.

Carolyn Cummins   Centuria Metropolitan REIT is muling its nex move after being broadsided on Friday when rival Growthpoint made a new offer for GPT Metro Office Fund and emerged with a 13 per cent stake, bought from the parent, GPT Group,.

INTEREST RATES

Odds of a rate cut on Tuesday?

The property market is still growing, especially in Sydney and Melbourne.

Caitlin Fitzsimmons   Most - but not all - economists expect the Reserve Bank to keep interest rates on hold despite Britain's referendum to leave the European Union.

Growthpoint ups the ante for GPT Metro

GPT Metro Office Fund's new building at 3 Murray Rose Avenue at Sydney's Olympic Park is one of its six suburban assets.

Carolyn Cummins   Growthpoint Properties has applied the blowtorch to Centuria Metropolitan REIT by unveiling a sweetened all-cash offer for GPT Metro Office Fund, valuing it at more than $320 million

Capital Place opens its doors

Capital Place, the new integrated development in Jakarta.

Carolyn Cummins   Its not just Australia undergoing a construction phase as the Rajawali Group, one of Indonesia's largest investors, has transformed the Jakarta skyline with its Capital Place, being and integrated business development.

Giant skyscraper planned for Bourke Street

An artist's impression of the proposed 85-storey skyscraper at 640 Bourke Street in Melbourne.

Aisha Dow   A giant skyscraper planned for the western edge of the CBD would become Melbourne's fifth-tallest tower if approved.