Singaporeans set to swoop as $1.5b office assets in play
A Singaporean investor is in due diligence on an 11-level Charter Hall office in Melbourne as other investors prepare to swoop on the Sydney home of the Australian Securities Exchange.
Property
Investors' retail affair continues as yields sharpen
An ongoing investor love affair with Australian retail assets saw more than $8.4 billion traded over the year to September as yields continue to sharpen, the latest research shows.
Industrial vacancy holds steady despite auto shutdown
Melbourne's industrial vacancy rate has inched up slightly ahead of the looming shut down of the automotive industry but the outlook is not as gloomy as expected.
Ardent Leisure under pressure, set for further losses
Investors continue to sell down the share price of Ardent Leisure, the embattled owner of the Dreamworld theme park, which is set for further losses.
Banks destroy 1.6 million paper land titles in digital push
Australia's big four banks have quietly destroyed all paper land titles they hold for 1.6 million Victorian mortgagees.
New plans for Burnham Beeches
Celebrity chef Shannon Bennett has drastically scaled back plans for the Burnham Beeches hospitality venture in the Dandenongs.
Prime Malvern shop sells for $710,000 above reserve
A prime Malvern shop in the Glenferrie Road shopping precinct has sold for $3.21 million under the hammer, $710,000 above the reserve price.
Bankstown site offers strong income return
A block of 38 apartments in the South West Sydney Growth Corridor at 12 Weigand Avenue, is expected to sell for $13 million-plus.
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.
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.
Small Business
Can your SMSF buy your business?
The short answer is yes. The long answer is more complex.
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.