Westfield unveils $342m funds from operations
The international arm of Frank Lowy's shopping centre empire redevelops flagship assets to boost returns.
The international arm of Frank Lowy's shopping centre empire redevelops flagship assets to boost returns.
A landmark high-rise apartment tower in Southbank whose glass exterior is wrapped in solar cells will provide its residents with "off-the-grid" power.
The fallout from retailer Dick Smith's dramatic closure is still impacting the balance sheets of Australia's biggest property players.
Neighbourhood shopping centres are commanding record sub-6 per cent yields as institutions out-bid private investors for investments.
The new owner of the Nine network television station site at Willoughby, in Sydney's north, the Hong Kong-based property investor Euro Properties, has again raised the ire of local residents, after submitting a new, higher density plan for its residential project.
Notable inner-city commercial properties are changing hands on tight yields amid strong competition from investors buoyed by low bank interest rates.
A large shop on Little Bourke Street in the heart of Melbourne's retail centre is going to international tender as the strip moves to luxury retailing and rents skyrocket.
Growthpoint Properties has shelved the decision to sell its $145 million industrial portfolio and will instead undertake discussions with major tenant Woolworths about its lease at the distribution centre in the NSW-Victorian border town of Albury-Wodonga.
Global healthcare group Bupa has pounced on the former Oakleigh South primary school site, paying $23 million for the vacant block which it plans to turn into an aged-care facility.
What's baby-blue, heritage-listed, art deco and sold for $1.22 million? A a freehold shop in Oakleigh attracted seven bidders from a 200-strong crowd.
The country's largest retail landlord, Scentre Group, has reported a $617 million funds from operations for the half year to June 30.
Developer Mirvac has dropped plans for an office complex at Darling Harbour and is instead looking to build a taller, skinnier apartment tower as part of its proposed $400 million redevelopment of the Harbourside Shopping Centre.
Global developer and infrastructure group Lendlease has unveiled a 13 per cent rise in net profit to $698.2 million, based on high residential settlements, the current construction boom and rising forward contracts.
It is the halfway mark for the full-year reporting season and, by all accounts, the real estate investment trust sector is achieving some gold star stamps.
Finding a retail site in capital cities is getting that much more difficult as international retailers and banks jostle for space, according to Knight Frank's directors.
The City of Sydney is forging ahead with its plan to make Sydney more appealing for residents and boosts its standing as a liveable city through its new rezoning and planning strategies.
National Australia Bank's move to be the anchor tenant at the $1.7 billion office and retail development at Wynyard Place and car sharing service Uber's move to 580 George Street underpin the optimism of the office landlords.
Property group BlackWall has capped off another strong financial year, boosted by its office share business WOTSO.
DEXUS Property has supported its forecast of Sydney's office market hitting a low of 3 per cent by 2019, with the lease of space at its 30 The Bond office tower near Baranagaroo to Roche (Pharmaceuticals) Australia.
Vanity, health and medical services are the new black in tenancies at shopping centres, and are eclipsing the sales contributions of the traditional apparel stores for the landlords.
Melbourne developer Intrapac Projects is paying more than $40 million for an enormous 162.7 hectare former quarry in Lilydale, which needs more than $50 million invested to fill, before it can be subdivided into one of the state's most significant new housing projects.
Southern Sydney is receiving a new lease of life with a big increase in new social and affordable housing, integrated with private housing.
All the latest in leasing deals around Sydney.
Located in an early 20th century building in Cambridge Street, Collingwood, this "hybrid" space is a residence and office.
Australia's largest residential property developer Stockland has reported an $889 million profit off the back of surging house and land sales which were up nearly 40 per cent on the year before.
Investors are taking advantage of low interest rates to bolster their property portfolios, snapping up several key Sydney and Melbourne commercial buildings.
The customer war between supermarket giants Coles and Woolworths may be taking a heavier toll on sales growth than realised, property data has revealed.
GPT Group has expanded its office tenancy portfolio with the lease of space to car-sharing business Uber.
Melbourne's famed high-rise, glass-bottom pool at the Adelphi Hotel, which hangs nine storeys above Flinders Lane allowing passersby a see-all view of swimmers, is about to be cut short.
The fast-paced transformation of the inner northern suburbs continues with a local developer snapping up a site at 885 High Street.
She became an instant internet meme in Brazil. But the entrepreneur is laughing all the way to the bank.
Like many tradies, Allen Cetinic was tired of being ruled by his small business. So he changed.
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