Kidman bidding heats up as Rinehart mulls move
Australia's richest woman, Gina Rinehart, is looking to bid jointly with Chinese interests for Kidman & Co, one of the country's largest farm owners, sources say.
Property
Sinopec profit slips as refining fails to counter oil crash
(Bloomberg) -- China Petroleum & Chemical Corp., the world's biggest oil refiner, posted a 22 percent decline in profit for the first half of the year as oil's collapse overpowered the boost from cheaper crude used to make fuels and chemicals.
As Fed nears rate hikes, policymakers plan for 'brave new world'
Federal Reserve policymakers are signaling they could raise U.S. interest rates soon but they are already weighing new tools they may need to fight the next recession.
The wealthy families who've become Australia's largest retail landlord with Masters deal
Woolworths' sale of its Masters stores will propel a consortium of wealthy private families to become Australia's largest retail landlord, overtaking shopping giant Harvey Norman.
Hotel investment welcomes higher visititations
Hotel investment is tipped to escalate in the coming year as investors seek to take advantage of the growth in overseas and domestic tourism in a market that is deemed under-supplied.
Watchdog rejects estate agents' attempt to rein in REA Group and Domain
Australia's corporate watchdog has rejected an attempt by 170 real estate agents to band together and collectively bargain for better ad rates on the dominant real estate websites and print publications owned by New Ltd and Fairfax.
Sydney fringe office markets in high demand
Metropolitan office markets are moving in on their city counterparts as the hot ticket in town for investment dollars.
Stock shortage fires up off-market deals
The lack of supply for investment-grade properties has led to more vendors going off market to achieve strong results.
Revamped laws a double-edged sword
Commercial property professionals will no longer be required to hold a real estate agent's licence for large property transactions under NSW government red tape reforms.
AMP Quay QTR goes to Lego land
AMP Capital's proposed $1 billion revamp of 50 Bridge Street, known as Quay Quarter, has come to life with a model of the project being constructed out of Lego bricks.
IOOF pays $20.75m for slice of ex-GMH factory
IOOF is paying $20.75 million for a high-profile building within Cbus Property's Estate One – an office and industrial park replacing Dandenong South's iconic General Motors Holden plant.
Seniors Living now a mainstream investment sector
Australia's population is ageing and accommodation requirements are evolving.
Deals and Deeds
CROWS NEST $805,000.
Victorian-era shopfront gets recycled into unique apartments
An 1890s Victorian shopfront, recycled to make way for a set of apartments, contains a 'ghost' of the original building.
John McGrath steps down as CEO in 'challenging' market
John McGrath's real estate business has called the housing market 'challenging' after stepping down as CEO.
Westfield unveils $342m funds from operations
The international arm of Frank Lowy's shopping centre empire redevelops flagship assets to boost returns.
First solar-powered apartment skyscraper to rise in Melbourne
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.
Property fallout from Dick Smith's collapse continues
The fallout from retailer Dick Smith's dramatic closure is still impacting the balance sheets of Australia's biggest property players.
Record yields for recession-proof shopping centres
Neighbourhood shopping centres are commanding record sub-6 per cent yields as institutions out-bid private investors for investments.
Residents unhappy about new plan for Nine site
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.
Yields tighten for inner-city retail outlets
Notable inner-city commercial properties are changing hands on tight yields amid strong competition from investors buoyed by low bank interest rates.
Little Bourke goes upmarket - and so do rents
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, Charter Hall on track for higher earnings
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.
Bupa adds site to expand its Melbourne aged-care network
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.
Baby blue shop and Cremorne offices take off
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.
Scentre Group reports $617 million funds from operations
The country's largest retail landlord, Scentre Group, has reported a $617 million funds from operations for the half year to June 30.
Mirvac plans apartments at Harbourside
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.
Lendlease unveils double-digit growth
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.
REIT reporting season on track to deliver growth
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.
CBD retail sees low vacancy levels
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.
Small Business
Should your child's school be teaching this?
Australian schools are increasingly moving to introduce specialised entrepreneurship programs. And one year 12 has put his business on hold to study. This is a new reality among today's future workers.
Why lack of sleep makes you bad boss
What we're now learning is that sleep isn't an obstacle; it's an enabler.