Google extends office lease at GPT Workplace 6
Internet giant Google has extended its lease at GPT Group's Workplace 6 site in Pyrmont, Sydney, as it works towards the construction of a new, bigger location.
Property
Ardent profits seen plunging amid questions over Dreamworld's future
Ardent Leisure shares have again been sold down by nervous investors as they try and assess the future structure of the group as it prepares to move more of its focus to the Main Event business in the United States.
The Future Fund's big property switch
The $120 billion Future Fund nailed its timing around the reduction of some key listed property exposures in 2015-16.
Gina Rinehart tightens grip on Kidman cattle empire after all-Aussie rival bidders pull out
Gina Rinehart is all but assured of taking over the Kidman land and cattle empire after a rival pulled its offer.
Sydney hotel sector in expansion mode
Sydney is set to expand its hotel offerings with two new development sites being unveiled at time when the sector is on the cusp of major growth in demand.
REITs pass first quarter results test
The report cards for the first quarter of the current financial year have been issued and by all accounts the real estate investment trusts all received a gold star.
Strata office demand rises as supply declines
The inner city areas of Sydney have seen a 40 per cent drop this year in commercial property stock available for sale, according to agency DB Property.
Sydney Airport welcomes new luxury retailers
Sydney International Airport is in the final stages of the revamp of the overseas departure area's retail precinct which boasts as many luxury brands as Fifth Avenue in Manhatten.
Infrastructure tax change will 'add $10,000' to new home cost
Home buyers will pay up to $10,000 extra to buy land in Melbourne's new housing estates once new infrastructure taxes come into effect, property industry groups say.
DEXUS pays $140m for Carillon City
DEXUS Wholesale Property Fund has acquired one of Perth's largest CBD assets, the Carillon City shopping and office complex, for $140 million, representing an initial passing yield of 5.47 per cent.
City fringe has the march on the CBD
The Sydney property fringe market is gaining momentum as investors and tenants scour the areas from the east to the west and north for assets that generate high returns from stable tenants and also have development potential.
Zig Inge Group buys into ex-Rosella complex
Retirement village developer turned diversified property investor, Zig Inge Group, has quietly purchased another inner city asset – this time, a red brick office showroom, part of the former Rosella complex in the riverside Richmond pocket of Cremorne.
Investors compete with owner/occupiers in tight market
Investors and owner occupiers are continuing to vie for assets in Sydney's inner city market.
Leasing Ladder
WETHERILL PARK $122 sqm gross
Fitzroy gallery spills out onto Glasshouse Road
Gertrude Contemporary Art Gallery has been a drawcard on the fashionable Fitzroy shopping strip since the 1980s, well before the neighbourhood's gentrification.
Bonus scrutiny for Ardent chief Deborah Thomas
Dreamworld operator Ardent Leisure will face some tough shareholder questions at its annual general meeting in Sydney on Thursday morning.
'Super lot' for sale in Sydney's inner west could reap $90 million
Residents in North Strathfield are joining the "banding together" trend in the hope of selling their homes in one "super lot" which is estimated to reap as much as $90 million.
Australia's residential developers come back down to earth from sky-rises
One of the country's largest residential developers, Stockland, has not seen signs of slowdown or a rise in settlement risk that its competitor, apartment-focused property developer Mirvac, reported Tuesday.
Ardent shares hit after Dreamworld tragedy
Ardent Leisure shares have been hard hit by investors falling 14.89 per cent, or 35¢ to $2 a security at the start of today's trade session.
Offshore investor swoops on Victoria's country supermarkets
An offshore buyer has swooped on Woodend's 19th Hole shopping centre, paying nearly $18 million despite only 28 months remaining on a lease to anchor tenant Coles.
Ardent Leisure shares sold down after Dreamworld tragedy
Ardent Leisure, the operator of the Dreamworld theme park on the Gold Coast, had its share price fall by as much as 8 per cent following news of a tragedy at the venue.
'You don't get much more Australian': Rinehart defends Kidman bid
Australia's richest woman, Gina Rinehart, on Tuesday defended her joint bid with China's Shanghai CRED Real Estate for the nation's biggest cattle empire, after it was trumped by a rival all-Australian syndicate.
DEXUSProperty forecasts solid rental growth
DEXUS Property, the country's largest office landlord, says demand for office space is on the increase and that has led to a fall in the average rental incentives being offered to tenants.
Property in Australia's fastest-growing suburb sells for $95m
A Melbourne couple have hit a farming jackpot, walking away from their Wyndham Vale sheep farm in the city's west with $95 million after Frasers Property purchased the landholding.
Mirvac forecasts strong growth despite settlement delays
The number of apartment buyers defaulting before settlement has risen above Mirvac's historic average of 1 per cent following banks' clampdown on lending to overseas investors.
Investor snaps up Vermont apartment complex for $5.9m
The combination of five ground level shops, four upstairs apartments and rooftop commercial premises in a near-new two-storey building at 580-584 Canterbury Road prompted an investor to pay $5.9 million for the complex.
$300m pub float on cards as Cargo Bar, Kingsleys sale nears
Dixon Hospitality has emerged as the preferred bidder for seven of the Keystone Group assets, including Cargo Bar, Bungalow and Kingsleys Woolloomooloo.
Fancy making $36.5m in one year? Singaporeans win in commercial property deal
A Singaporean investment company that began life as a tin smelter has flipped a large 26-storey office building in Melbourne's William Street just one-year after purchasing it, netting a profit of $36.5 million.
Does sex sell real estate? Administrators hope so
Administrators of Melbourne's Daily Planet brothel in Elsternwick and a bank behind the mortgagee sale of Whispers Playhouse in Hoppers Crossing look to fetch about $6.5 million.
Bendigo Bank's Robert Johanson is battle ready
Bendigo and Adelaide Bank chairman Robert Johanson will be on track to clock up more than three decades on the bank's board if he is re-elected at this week's annual meeting.
Small Business
I left Australia with $3000 savings and now I run an empire
Donna Benton left Melbourne for a job that didn't pan out. Now she runs an entertainment juggernaut based in Dubai.
The case for Australian businesses embracing Halloween
Australian retailers slow to embrace Halloween and create special sales events.