Carolyn Cummins is Commercial Property Editor for The Sydney Morning Herald.
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.
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.
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.
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 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.
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.
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.
WETHERILL PARK $122 sqm gross
Dreamworld operator Ardent Leisure will face some tough shareholder questions at its annual general meeting in Sydney on Thursday morning.
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.
Search pagination