Billionaire retail landlord John Gandel has offloaded his entire stakes in property manager and developer Charter Hall Group and its retail trust, worth about $500 million, to focus on other interests
Activity in the retail property sector has been as busy as last minute shopping sprees on Christmas Eve.
Developer Allen Linz's Rebel Property Group, Capit.el Group's Eduard Litver and Gil Baron have fought off a spirited group of bidders to snare the former Bates milk bar at Bondi beach for about $19.12 million.
Charter Hall has paid $140.5 million for a half share of the Coles headquarters, dubbed the ''Battlestar Galactica'' from Investa Office Fund.
There is a battle royal among retail landlords as they each vie to offer the biggest and best shopping centres that mimic the old-style town centre.
Plans for further expansion are under way for Chadstone Shopping Centre, even as it unveils its new $660 million wing.
The Coombes Property Group have outlaid $91 million for the office tower at 28 O'Connell Street, Sydney, as it takes advantage of the strong office leasing market.
Charter Hall Group is to seed a new wholesale retail partnership with the superfund MTAA with the $197 million acquisition of the Campbelltown Mall, Sydney from the Perron Group on a market capitalisation rate of 6 per cent.
The industrial market in Melbourne's south-east suburbs is defying expectations of a slowdown with the strongest leasing market in a decade.
Another super thin apartment building is set to start construction after a local developer paid $2.3 million for a permit-ready project opposite the outgoing Bennetts Lane Jazz Bar.
High density apartment builder the PDG Group of Companies is paying more than $24 million for a West Melbourne development site capable of accommodating a multi-tower mixed use village.
A boutique 1870s building with six apartments in a coveted 'Poet's Corner' location at 2 Mozart Street was snapped up at auction for $4.755 million.
Online booking and travel advisory businesses were having a less disruptive impact on the hotel sector than claimed, a leading hotel manager says.
The Reserve Bank is not fazed by rising housing prices or by the high auction clearance rates reported recently.
Investors are tipped to come out in force this week when a range of properties, worth more than $50 million combined, come up for auction.
Sydney is to get a new $500 million, "six-star" hotel as part of The Star Entertainment group's renovation of the city's main casino as it prepares to take on James Packer's proposed Crown resort at Barangaroo.
Outsourcing of building management services has moved beyond being a cost saving exercise for the tenants to encompassing a wide range of factors to make the property more efficient and attractive, according to a CBRE report.
Sydney office tenants had better brace themselves as rents are set to go as high as some of the new skyscrapers being built, according to the latest Knight Frank Global Cities 2017 report.
Myer has ramped up plans to reduce its total floor space by 20 per cent as it races to reinvent itself in challenging retail conditions.
The march of the micro stores is gaining pace with gourmet doughnut specialist Doughnut Time opening a new store on Manly Corso on Sydney's northern beaches.
The collapse of South Korea's Hanjin Shipping Company is causing no end of headaches for importers and exporters and could result in less presents under the Christmas tree this year.
Prominent councillor and education entrepreneur Intaj Khan is close to selling a central Caroline Springs site for a speculated $11 million. If the deal goes through at that price it would reflect a profit of about $4.3 million on the price he paid in 2012.
The Central Sydney Planning Strategy backs a dynamic mixed-use city and will drive innovation in our property industry.
The 150 year-old Commodore Hotel, said to be Henry Lawson's preferred watering hole, is on the market, at a time when A-grade freehold hotels are being actively sought by investors who are spreading their sights to the suburbs.
ROSEBERY $785 sqm gross.
Sydney office tenants had better brace themselves as rents are set to go as high as some of the new skyscrapers being built, according to the latest Knight Frank Global Cities 2017 report.
Can apartment units have a sense of character and identity beyond being 'stacked boxes'?
A state-of-the-art six-screen digital cinema will feature at the new Delacombe Town Centre in Ballarat.
A group of strata owners in a 19-level Melbourne city office building have banded together to put their tower on the market with expectations around $50 million.
Motoring giant Holden has sold its massive Fishermans Bend car manufacturing plant to the Victorian state government in a $130 million deal which will see it transformed into an innovation and employment hub.
The classic suburban challenge of keeping the lawn green sparked the idea behind Sprinkl.
Sophisticated online marketing is the key to success.
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