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.
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.
(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.
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.
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 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.
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.
Metropolitan office markets are moving in on their city counterparts as the hot ticket in town for investment dollars.
The lack of supply for investment-grade properties has led to more vendors going off market to achieve strong results.
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 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 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.
Australia's population is ageing and accommodation requirements are evolving.
CROWS NEST $805,000.
An 1890s Victorian shopfront, recycled to make way for a set of apartments, contains a 'ghost' of the original building.
John McGrath's real estate business has called the housing market 'challenging' after stepping down as CEO.
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.
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.
What we're now learning is that sleep isn't an obstacle; it's an enabler.