Ryman buys landmark Moondah Estate from Melbourne University
The University of Melbourne has sold Mount Eliza's Moondah Estate to retirement living provider Ryman Healthcare for a speculated $20 million.
Property
GPT fund selling $300m share of Westfield Woden Plaza
The GPT Wholesale Shopping Centre Fund is looking to raise more than $300 million with the sale of its 50 per cent stake in the Westfield Woden Plaza mall in Canberra.
Huge mixed-use business park earmarked for Hume
Chinese-backed developer JTX International has launched a $1.7 billion mixed-use project on former VicRoads land in Craigieburn.
Buyers queue for Edgecliff Centre
A range of buyers are said to be running the ruler over the Edgecliff Centre in Sydney's inner east, which is being sold by a private Hong Kong investor with expectations the mixed-use property could fetch as much as $130 million.
Cbus to build 14-storey high rise in Collingwood
Super fund developer CBUS has won a legal battle to construct one of Collingwood's tallest apartment towers, a 14-storey monolith on a 2010 square metre block in Wellington Street.
Parramatta office market in hot demand
The Salvation Army is selling its site at Parramatta to take advantage of the strong office market, where premium grade vacancy rates are close to 1 per cent, the lowest in the country.
Yields sharpen on country supermarkets
A Chinese investor has paid $7.8 million for the Supa IGA supermarket in Nagambie in regional Victoria.
Debenhams unveils Melbourne store
The worst kept secret in Melbourne will be revealed Wednesday when British department stores Debenhams unveils the details of its first foray into the Australian retail market.
Energy Australia's hunt for space could spark new development
Two big corporate tenants looking for new office space could potentially spark a flurry of commercial development activity in Melbourne.
Housing association, government pay $10m for apartments
Port Phillip Housing Association and the Victorian State Government have paid $10.1 million for an apartment at 6 Tennyson Street.
Shopping centers pursue 'Internet-proof' tenants
Internet proofing shopping centres is the way forward for mall owners
Apartment correction to cause Australia-wide recession: report
A 'correction' in the apartment market could see sharp falls in all Australian home prices and a nationwide recession.
Westfield isn’t like the shopping malls of the ’90s
In a rush of nostalgia, four girls of the ’90s stroll through the shiny new Westfield mall.
Micro spaces are making a comeback
Small is good for some retailers who now consider micro shops the new black.
Food trucks are the new retail property interrupter
One way to trial whether to rent a bricks-and-mortar store is to operate a food truck.
WeWork and WOTSO expand
Agents have suggested that the giant 'we work' are committing to 24,000 sqm in the Sydney CBD.
CBD leasing markets on growth path
Premium grade office assets in Sydney's CBD office market are often reserved for larger corporate tenants, but an overflow of businesses seeking space in the city's increasingly tight leasing market is encouraging tenants to explore new options, according to JLL.
Termination of lease notice is no reason for panic
A number of tenants in Sydney's CBD will be required to relocate out of their current office accommodation in the near future, as a result of compulsory acquisitions and residential repurposing. If you're in this situation, it can be a time of unwanted stress.
Leasing Ladder
CHATSWOOD $500 sqm gross.
Lowys bring some old razzle dazzle to Westfield
Frank Lowy's Westfield Corp is taking shopping centre entertainment to a whole new level with the acquisition of Broadway film and television business Scott Sanders Theatrical Productions.
Record set after $16m-plus Doncaster Hill deal
A prominent Doncaster Hill block, recently permitted to make way for a landmark 12-level apartment tower, has sold to a local developer for more than $16 million – a deal which values each permitted dwellings at a record price of more than $90,000.
Ugly 1980s office transformed
Some buildings from the 1980s are returning to favour. But one such building chosen by an inner-city local council as its new headquarters, isn't one of them.
Google revisits White Bay for new headquarters
The long-anticipated move by internet giant Google to the Bays precinct, Sydney, is a step closer with the developers revealing the two groups are in talks over a potential lease.
Investors snap up $70m in assets
Investors have snapped up $70 million in development properties in the past week across the Sydney basin as they seek out higher yielding bricks and mortar assets.
Home approvals unexpectedly surge in July
An unexpected surge in home approvals is good news for renters, homebuyers and builders, but it may become a big drag on already sluggish inflation.
Chatswood offices in high demand
A major office tower at Chatswood with potential development opportunity is on the market by the owners, Linfield Developments, with a value of about $55 million.
Aged care provider targets Brunswick site
An aged care provider has pounced on a large development site in Brunswick, the latest in a string of deals as the sector jostles to cater for an undersupply of beds in the inner and middle ring suburbs.
Home presses ahead despite Lowe's' Masters ploy
Home Consortium, the group buying the $750 million Masters property portfolio, is "unfazed" by legal action launched by US retailer Lowe's to intervene in the Woolworths' wind-up deal.
Preston Market revamp to start in October
The owners of the Preston Market will move ahead with a $4 million revamp of the popular food halls despite opposition from local residents and traders.
GDI Property earmarks $300m-plus in office sales
GDI Property is looking to raise more than $300 million through the sale of two key office assets as its undertake a review of its portfolio.
Small Business
This 'safe bet' in business is anything but
Is buying into a franchise worth the investment?
How a hot LA startup went bankrupt
Unlimited vacation, an office gym with personal trainers, perks galore. What could possibly go wrong?