Solomon Lew snaps up St Kilda Road office for $55m
Retail billionaire Solomon Lew has pounced on a vacant 8-level St Kilda Road office building, paying $55 million to beat off developers on one of Melbourne's premier leafy boulevards.
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Simon Johanson
Property Editor at The Age and BusinessDay journalist for Fairfax's theage.com.au, smh.com.au, watoday.com.au and brisbanetimes.com.au.
Fast-food giants flee Swanston Street ahead of Metro Rail project
Fast food chains McDonald's, Hungry Jacks, KFC and Starbucks and banking giant CBA will be forced out of their prime, high-trading Swanston Street stores to make way for the government's $10.9 billion Melbourne Metro Rail project.
Chinese buyer signals Melbourne B-grade rush
A Chinese investor has snapped up a B-grade office in Melbourne's Elizabeth Street for more than $75 million, in a deal that may foreshadow a future development play in the rapidly evolving precinct.
Rich-listers snare prime Masters sites for homemaker centres
Two BRW rich-listers behind the Masters property buyout have secured exclusive rights to the defunct hardware chain's development sites and plan to begin building homemaker centres on them next May.
Tourism boom drives hotel occupancy higher
Soaring demand from holidaymakers and business travellers is underpinning Sydney and Melbourne's hotel sector, with Sydney in particular the standout performer.
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.
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.
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.
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.
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.
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