Signs down, lights out on Masters. Now the rebirth
Across the country the Masters signs are down, the lights are out and the front doors have closed on the failed retailer's barn-like sheds, but their new owner is busy negotiating the next chapter.
Across the country the Masters signs are down, the lights are out and the front doors have closed on the failed retailer's barn-like sheds, but their new owner is busy negotiating the next chapter.
A big uplift in property values and improving income from office markets in Melbourne and Sydney have delivered one of the country's largest diversified real estate investment trusts a substantial boost in profit.
GPT Group, one of the country's largest diversified real estate investment trusts, has expanded its presence in the booming Sydney western suburbs with the purchase of a site in the heart of Parramatta's CBD for $31.2 million.
Commonwealth Bank-owned Bankwest is further tightening the screws on property investors, no longer taking into account negative gearing tax breaks in new loan applications.
A Melbourne barrister has put a huge parcel of 14 Ivanhoe East homes on the market after collecting them for 26 years.
Fast food giant McDonald's will open a corner store on Bourke and Russell streets after being told its high-trading Swanston Street venue will be compulsorily acquired for the $10.9 billion Metro Rail project.
Caulfield Grammar snaps up top site.
Size matters to Ceva. The world’s fourth largest logistics company has just moved into one of the biggest sheds in the southern hemisphere, a half-kilometre-long storage and distribution facility equivalent to eight MCG playing fields in size.
Property developers are bringing fewer projects onto the market and total property listings continue to fall, according to the boss of Australia's largest real estate website.
Sales of strata office at UEM Sunrise's $350 million Aurora Melbourne Central project are reaching $10,350 a square metre as demand intensifies for the niche investment class.
The volume of co-working space in Melbourne grew 35 per cent in the past year as new operators providing the trendy informal work areas poured into the city and surrounds.
While retailers are having a tough time, demand for shopping centres in the cities and regional centres is riding high, as evidenced by a rash of recent sales.
After widespread rezoning in 2015, Sutherland is attracting developers who are seeing opportunities in its stable and affordable market, according to a real estate expert.
High demand for pubs has prompted Newcastle's Ian Burford to offer the Burwood Inn for sale through Daniel Dragicevich and Ben McDonald from CBRE Hotels, in conjunction with Deane Moore from Moore and Moore Real Estate.
The Australian construction industry is experiencing an unprecedented surge in the adoption of modular and prefabricated construction techniques.
Industrial assets are back in the headlines with a number of deals in the wings and demand riding high from investors and developers, according to agents.
Peters Ice Cream had been operating in Wellington Road, Mulgrave, for decades. Its former headquarters, a classic 1960s office building, with its sinuous roofline and waffle-style facade is now "hip" decades later.
British student accommodation provider GSA is quietly purchasing another Melbourne property at the top of town, near the Haymarket roundabout and several higher education institutions.
MARRICKVILLE $209.87sq m gross.
Casino giant Crown will expand its Southbank site to eight hectares after it won approval from the Andrews government to build a $1.75 billion 90-storey tower.
One of the world's largest private equity groups, a wealthy investor and an ASX listed property fund have sold the World Trade Centre in Melbourne for $267.5 million.
The country's largest timber building will call Brisbane home in a deal worth $140 million between developer Lendlease and the Liberman family-backed Impact Investment Group.
New York fashion label Rag & Bone is the latest boutique designer to hit Australia's shores where it will open a store next month in Melbourne's The Strand arcade.
The march of the Sydney light rail along George Street in the City is creating a bonanza for property owners as they seek to sell buildings to a new generation of developers for retail, hotels and even residential properties.
Fund managers have snapped up two Melbourne properties paying more than $20 million each in separate deals for an Abbotsford office and office-warehouse in Clayton.
How the regulators respond to the latest investor loan boom is shaping up as the more interesting questions in domestic banking this year – which could have a big impact on the broader real estate market.
Developer Central Equity has been granted approval for a 57-level skyscraper near the corner of Lonsdale and King streets, despite opposition from residents in neighbouring apartments.
SCA Property has issued a 1.4 per cent upgrade for its future earnings, saying while supermarket tenant sales were sluggish from the ongoing price wars, there were some signs of improvements.
A heritage listed building at 403-405 Mt Alexander Road constructed in the 1880's for the English Scottish and Australian Chartered Bank sold for $1.8 million, a building rate of $6,315.79 per sqm.
Australia has forced the foreign owners of 15 illegally bought properties to sell.
Kate Morris has bought back her business from Woolworths less than two years after selling 25 per cent to the supermarket giant.
The Small Business Ombudsman says a simple award is needed as workplace relations legislation is too complex for small business.
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