Vicinity sells Tuggeranong mall interest for $120 million
Vicinity Centres has raised $120 million from the sale if its half share in the Tuggeranong Hyperdome in Canberra at a time when retail property is in high demand from large-scale investors.
Vicinity Centres has raised $120 million from the sale if its half share in the Tuggeranong Hyperdome in Canberra at a time when retail property is in high demand from large-scale investors.
The pub sector is still attracting investors with a host of recent sales in and around Sydney's inner suburbs.
Retail investment is moving into record territory with investors seeing the potential growth starting to outweigh rival office and industrial property markets.
The University of Melbourne has sold Mount Eliza's Moondah Estate to retirement living provider Ryman Healthcare for a speculated $20 million.
Buyers are now turning their attention to the City fringe and east Sydney markets which are undergoing a siesmic shift with pubs and bars closing and being redeveloped into residential and hotel towers.
Stockland has once again been recognised as the most sustainable real estate company in the world in the 2016-17 Dow Jones Sustainability Index (DJSI).
With significant stock withdrawals and rising rents in Sydney's CBD, the demand for office accommodation across the north shore is expected to rise substantially.
Three mega trends are having an impact on the hotel sector, says AccorHotel's Asia Pacific CEO Michael Issenberg.
Urban planning guru Jane Jacobs was a great supporter of mixed-use cities.
LANE COVE $2.1m.
This four-level office block, overlooking the railway tracks entering Richmond Station, has quickly become a landmark building in the Cremorne neighbourhood. Designed by Six Degrees Architects, the low-rise building could easily be mistaken for apartments rather than offices for the techno industry. North-facing balconies, with their concrete breezeblock screens, add a more domestic feel to the façade. "We wanted to add another layer to the façade rather than just presenting a monochromatic steel and glass office building," says architect Michael Frazzetto, Senior Associate with Six Degrees Architects.
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.
Chinese-backed developer JTX International has launched a $1.7 billion mixed-use project on former VicRoads land in Craigieburn.
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.
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.
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.
A Chinese investor has paid $7.8 million for the Supa IGA supermarket in Nagambie in regional Victoria.
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.
Two big corporate tenants looking for new office space could potentially spark a flurry of commercial development activity in Melbourne.
Port Phillip Housing Association and the Victorian State Government have paid $10.1 million for an apartment at 6 Tennyson Street.
Internet proofing shopping centres is the way forward for mall owners
A 'correction' in the apartment market could see sharp falls in all Australian home prices and a nationwide recession.
In a rush of nostalgia, four girls of the ’90s stroll through the shiny new Westfield mall.
Small is good for some retailers who now consider micro shops the new black.
One way to trial whether to rent a bricks-and-mortar store is to operate a food truck.
Agents have suggested that the giant 'we work' are committing to 24,000 sqm in the Sydney CBD.
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.
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.
CHATSWOOD $500 sqm gross.
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.
It's not all doom and gloom for Australian manufacturing, with smaller companies driving the sector.
If people are reticent to do so, prejudice is destined to continue.
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