Walker Corp in $1b residential project
Walker Corporation and liquor group Kemenys have teamed up in a joint venture to develop $1 billion of mixed-use residential developments on three Kemenys-owned sites in Sydney.
Carolyn Cummins is Commercial Property Editor for The Sydney Morning Herald.
Walker Corporation and liquor group Kemenys have teamed up in a joint venture to develop $1 billion of mixed-use residential developments on three Kemenys-owned sites in Sydney.
The revamp of Darling Harbour will now include a new 44-storey office tower on the waterfront, at Darling Park towers.
Office towers, pubs, agriculture and healthcare investments took out line honours in the 22nd BDO Australian real estate investment trust survey.
The strength of bricks and mortar assets is forecast to remain strong as investors seek out less volatile sectors, according to the latest Australian Property Institute's (API's) Property Directions Survey.
Retail property is one of the hottest sectors in demand from investors as they seek put higher yielding assets that are benefiting from an improvement in consumer sentiment.
The reopening of the Dreamworld theme park on the Gold Coast, called "Open Hearts-Open Doors" on the weekend helped raise $157,225, which will be given to the Red Cross.
Dreamworld and WhiteWater World theme parks on the Gold Coast will throw open their doors on Saturday following the tragic accident on October 25.
Shopping malls will be front and centre for the next two weeks as shoppers head in for the festive season.
The Sydney skyline is set to be transformed with the development of the new $500 million Ritz-Carlton hotel, including apartments and an updated restaurant strip at Pyrmont, as part of the Star Entertainment group's renovation of the city's main casino as it prepares to take on James Packer's Crown resort at Barangaroo.
Alexandria $14.5 million
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