Office markets underpin DEXUS result
DEXUS Property group chief executive Darren Steinberg has attributed a fall in distributions to investors at the diversified property group on lower revaluations and lumpy trading profits from the property sales.
Property
GPT declares healthy profit despite slowdown in speciality retail sales
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.
Charter Hall fund snaps up $30m site
Industrial developers are in for a wind fall with more than $90 million worth of sites on the market as the owners take advantage of the strong demand for developable land,
Tiffany & Co joins King St luxe mile
Luxe brand Tiffany & Co is to boost the profile of Sydney's King Street with a flagship store that will be the envy of its peers.
Kids boost bottom line for childcare landlords
Parents, do you love and value your kids? Well you're not alone, corporate Australia does too.
Office and logistics prove solid performers for GPT
Office and logistics assets and a strong development pipeline are earmarked as the main engines of growth for the GPT Group, according to the chief executive Bob Johnston.
Investor snaps up Tassie's only Freedom Furniture store
A private investor paid $5.35 million on a 7 per cent yield for Hobart's only Freedom Furniture store.
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.
GPT Group expands footprint in Parramatta
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.
Property investor blow: Bankwest to ignore negative gearing benefits
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.
Top barrister offloads 14 Ivanhoe East homes
A Melbourne barrister has put a huge parcel of 14 Ivanhoe East homes on the market after collecting them for 26 years.
McDonald's moves to Bourke Street
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.
Private school beats developers for key property
Caulfield Grammar snaps up top site.
CEVA moves into biggest shed in Australia, equivalent to eight football fields
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 listings falling in Sydney, Melbourne: REA Group
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.
Aurora strata office achieves peak prices
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.
Co-working space grows 35% in year
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.
Investors have retail assets on the shopping list
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.
Developers head south to the Shire
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.
Merewether hotel hits market as pub demand soars
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.
Developers, contractors turn to prefabricated construction techniques
The Australian construction industry is experiencing an unprecedented surge in the adoption of modular and prefabricated construction techniques.
Logistics assets in hot demand
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.
Charter Hall updates ice cream building
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 GSA buys another site at the top of town
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.
Leasing Ladder
MARRICKVILLEÂ $209.87sq m gross.
Crown casino wins approval for 90-storey tower at Southbank
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.
Abacus, KKR and Riverlee Group sell World Trade Centre in Melbourne
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.
Australia's tallest timber office on its way
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.
Rag & Bone latest international retailer to land in Australia
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.
Prime Sydney office sites could reap $130m
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.
Small Business
How we saved $50,000 paying no rent for a year
You don't have to squat.
Nothing says Valentine's Day like a bouquet of beer
Small businesses are cashing in on Valentine's Day with traditional gifts like flowers alongside more quirky offerings.