Sydney property market in 'severe disequilibrium'
Is Sydney property suddenly totally out of synch? One major agent thinks so.
Property
Club Bondi Junction RSL set for redevelopment
Capital Bluestone and Club Bondi Junction RSL have entered into an agreement to redevelop the Club's significant site into a revitalised venue and residential hub.
Sydney landlords reaping higher rents
Office landlords are in the box seat, to the detriment of tenants, with prime rents rising by 2 per cent in the past three months, as the race for space gathers momentum, according to CBRE.
Developer rises to occasion with plans for Daily Planet brothel site
Local developer Tony Huang has big plans for the Daily Planet brothel building in Elsternwick which his company purchased last week for $12.66 million.
Industrial deals east and west
Fund manager Australian Unity has splashed out nearly $13 million on an industrial property leased to Mainfreight in Springvale.
House of Hoops hits the mall
Global sneaker retailer Foot Locker will open a House of Hoops when it opens its new shop on the Bourke Street Mall mid-2017.
New retailers set sights on Australia
A swath of new retailers are eyeing off the viability of entering Australia, depending on being able to secure flagship sites in capital cities or in the expanding suburban malls, according to new research from Colliers International.
Credit card misuse and fraud probe mark DHA's results
Credit card misuse and an ongoing fraud investigation by the Australian Federal Police has overshadowed Defence Housing Australia's solid financial performance during 2015.
Former Wallaby adds Five Dock Hotel to pub empire
Former Wallaby Bill Young has beefed up his pub portfolio with the $28.75 million purchase of the freehold Five Dock Hotel from the Lantern Hotel Group.
Burgundy Street shop with development plans sells for $5m
A Malaysian Investor paid a healthy $5 million on a tight 4.86 per cent yield for 156 Burgundy Street, a 420sq m shop leased to Chemist Warehouse for $243,101 a year.
Nu-tility set to disrupt renewable energy for property sector
A new start-up backed by fund manager Impact Investment Group and run by two former investment bankers hopes to be the next Ernst & Young for the commercial and industrial property sector.
Cabrini wins bid for seven-storey hospital in planning tribunal
Private health provider Cabrini has won a bid to expand its Malvern hospital with a new seven-level building despite multiple objections from neighbouring residents about privacy, traffic, light intrusion and noise.
Food delivery businesses the new retail disrupters
Food delivery services are becoming the latest disrupter in the retail sector and are shaping the way, restaurant tenants select their next location.
Mercedes-Benz distributor heads to Sydney Corporate Park
Asia-Pacific's Mercedes Benz distributor has signed the largest lease in the Goodman Group's Sydney Corporate Park, at 160 Bourke Road, Alexandria, this year in a deal struck by LJ Hooker Commercial South Sydney.
WeWork eyeing historic Collins Street office
WeWork – a start-up "experiment" established six years ago in Manhattan – is understood to be leasing a Melbourne CBD building which made headlines last year when the landlord sensationally locked out long-standing occupant, Roy Morgan Research.
Manly Wharf set for $9m facelift
Manly Wharf is set to have a $9 million facelift with the owner, Seagrass Capital, looking to add a second storey as well as upgrade the existing facilities.
It's a matter of planning, say large format retailers
State Planning Minister Rob Stokes knew when he attended the CBRE Large Format Retail Association forum in Sydney on Monday, that it was going to be a tough audience.
Yield no longer the headline
In the lower-for-longer interest rate environment, falling yields are now a reality of property, but savvy investors are beginning to look past initial yield for attractive total returns.
Serviced office fights back against co-working fad
Serviced office providers have quietly risen to the challenge posed by fast-growing and trendy new co-working spaces by offering their own version of the product.
Goodman CEO's $16m bonus raises investor ire
Shareholders in Goodman Group have shown their disapproval at chief executive Greg Goodman's pay and bonus, with 40 per cent voting against the commercial property group's remuneration report.
Co-working spaces are the new office model
Co-working spaces are becoming key drivers in the commercial property market, with WOTSO and US-based WeWork leading the way.
Deals and Deeds
SILVERWATER $11.35 m
Stomping Ground's refit makes it more than just another watering hole
Making a fit-out appear old takes considerable skill. It goes well beyond creating a few stressed finishes and bringing in some old fixtures and fittings. However, creating a time warp in the style of a 1920s railway station/beer hall has been successfully achieved at Stomping Ground in Gipps Street, Collingwood. "Our client summed up his brief in one sentence: 'Make this place look around 100 years old'," says interior designer Yaron Kanor, director of Studio Y.
Collins Square helps boost Walker Corp's profit to $245m
Billionaire Sydney-based developer Lang Walker has hit the property jackpot with the massive Collins Square project contributing to a bonanza $245 million before tax profit.
Sydney, Melbourne in top 10 most expensive retail zones in the world
With the swag of new international labels, Sydney's Pitt Street Mall and Melbourne's Bourke Street Mall have cemented their places as some of the most expensive locations in the world to rent a store.
Charter Hall signs Clyde & Co at 333 George Street
Charter Hall's Prime Office Fund has signed global law firm Clyde & Co as a key anchor tenant at its 333 George Street development in Sydney's CBD.
Amazon looks to July 2017 entry to Australia
Retail giant Amazon is expected to use the changes to the goods and services tax, slated for July 2017, as the catalyst for the start of its physical presence entry into Australia, according to analysts.
Forum under renovation as tower plans on ice
The Marriner Group's Forum Theatre is closed for renovation
Woolies' landlords revolt over Masters deal
Disgruntled property owners may challenge a complex deal that allowed supermarket giant Woolworths to sell off its disastrous loss-making Masters business.
Folkestone launches new Green Square hotel fund
Folkestone Group is to take advantage of the booming Sydney hotel market with the launch of a new hotel fund, to raise about $22.5 million of third party capital, to develop a 142-room property in South Sydney.
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