Private investors, syndicates pounce on small office buildings
The headquarters of Wesfarmers-owned Bunnings Warehouse has sold for $24.7 million as wealthy investors and syndicates move on mid-range assets before the end of the year.
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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.
Government approves Kidman cattle empire sale to Gina Rinehart
After originally blocking the sale of land and cattle empire S. Kidman & Co to Chinese buyers, Treasurer Scott Morrison has approved a joint bid with mining magnate Gina Rinehart.
DEXUS looks to sustainable industrial buildings to reduce costs
Large industrial tenants are moving away from sourcing their distribution centres through third party logistics companies and are instead investing in automation and sustainable building features, DEXUS executives say.
Chinese property heavyweight in billion-dollar buy-up
Chinese property heavyweight Dahua Group has outmuscled local developers to snap up a billion-dollar land pipeline.
Developer pays $6m to unite West Melbourne blocks
Beijing-based developer Holder East has snapped up a vacant King Street block before it sold at auction, to add to a development site next door.
Retailers settling in upstairs spaces as Flinders Lane rents spike
A spike in demand for retail space in Flinders Lane has driven up rents and pushed retailers into upstairs premises where they are competing with IT and professional consulting firms for space.
Alfasi reboots property arm with $24m Richmond purchase
The privately-run Alfasi steel construction and equipment hire group will re-boot its property development arm using a site it purchased in one of Melbourne's hottest property sectors for more than $24 million.
Melbourne Airport says no to Islamic school near runway
Melbourne Airport has successfully fought off a bid to build an Islamic school for 700 students under the flight path of its northern runway.
Sydney and Melbourne office markets to reach similar size within four years
Melbourne's office market is forecast to grow at a faster rate than Sydney's over the next five years, bringing the two city's office sectors to a near-even size within four years.
Singaporeans snap up another Melbourne office tower
Listed Singaporean property player Lian Beng has pounced on another office tower for $51.5 million as it builds its Melbourne portfolio.
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