Ex Wallaby Bill Young adds to pub empire
Former Wallaby Bill Young has paid $28.75 million for the freehold Five Dock Hotel, which is being sold by the Lantern Hotel Group, as part of its asset restructure program.
Property
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.
South East Water turns developer to prove technology
South East Water will today unveil its $130 million showcase water-wise housing estate on the decommissioned Cranbourne water purification plant.
Apple's $50m bid to build store in Melbourne's Fed Square
Apple's decade-long search for a marquee Melbourne store could be about to bear fruit.
Richmond office in Swan Street sells for $10m to wealthy family
A wealthy offshore family has snapped up a large Richmond office for $10.01 million on a yield of 6 per cent.
Chinese tourists venture off the beaten track
Destinations outside Sydney and Melbourne are attracting a new breed of adventurous Chinese visitor willing to explore regional areas, the Choice Hotels franchise maintains.
Primewest joins bid for Masters properties
The consortium which paid $830 million to Woolworths for its Masters properties has joined forces with property investment and management group Primewest.
For $22 million, Goodman boss must be better than good
Shareholders in $11.5 billion commercial property company, Goodman Group, must this week be wondering just how good its chief executive Greg Goodman is.
Pubs are the hot ticket in town
Listed Lantern Hotels Group has raised a further $56.5 million from the sale of two more pubs as it continues with its asset sale program.
Intergen Property Group launches into funds management
A new $200 million wholesale property fund has been launched by the Intergen Property Group, with a focus in value-add investments in the retail sector.
Bouche sharpens Sydney’s appetite for retail assets
The run-up to the end of the year has been one of the busiest for many years, according to agents.
Monster 34-level tower mooted for Moonee Ponds
A proposed Moonee Ponds apartment tower rising 34 levels – a height which would have made it Melbourne's tallest suburban skyscraper three years ago – is set to be decided by the Victorian Civil and Administrative Tribunal, after being rejected by the local council.
Property sector readies for a Trumpnado/Bondcano
The election of Donald Trump as the President of the United States has put the investment property sector on standby for a period of instability.
Small Business
Best way to minimise the income tax on your sale
I am 49 years old and I've had an unexpected offer on my business.
So you've stuffed up at work: now what?
It's not how you fall, it's what you do next.