Metro turns to HK to finish Brisbane tower
Developer Metro has turned to an Asian hedge fund to finance the completion of its latest Brisbane tower and local funding dries up.
Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom.
Developer Metro has turned to an Asian hedge fund to finance the completion of its latest Brisbane tower and local funding dries up.
Sydney hotel operators and owners were the big winners from the strong tourism market in 2016, according to year-end figures from STR.
Newspaper House, the historic Collins Street office building with a famous mosaic mural on its facade, is back on the market with price expectations above $30m.
Acquisitive property syndicator Sentinel has snapped up a NSW government-leased office complex in Port Macquarie for $20.6m.
Average incentives almost halved from 30 per cent to just 18 per cent in B-grade office space in the Sydney CBD.
Jeff Xu's Golden Age is taking over a prominent Melbourne apartment project from Danile Grollo's Grocon.
"We are not seeing any natural catalyst yet for change in the unprecedented low volume of listings," says McGrath CEO Cameron Judson.
Top restaurateurs are flocking to Melbourne's most popular dining precinct, Flinders Lane with rents rising as a result.
One of Sydney's most popular drinking establishments, Crown Hotel in Surry Hills has been put up for sale by the Lantern Hotel Group.
The Morning Star Estate in Mount Eliza on the Mornington Peninsula is up for sale and is expected to fetch more than $30 million.
Three new trophy vineyards in the Hunter Valley are expected to appeal to Chinese investors as well as a strong local market.
An offshore Chinese investor group has set a new yield benchmark for Victorian large format retail centres.
The failure to merge a number of brands into one business was a major factor in LJ Hooker pulling its float, says Charles Tarbey.
Prime office rents soared in Sydney and Melbourne over 2016 and are likely to rise strongly again in 2017 and 2018, according to JLL.
Adelaide will get its first Langham luxury hotel as part of a $110 million development in the beachside suburb of Glenelg.
A 4600 square metre super site across from South Melbourne Market is up for sale.
Chinese developers snapped up three-quarters of development sites in Melbourne in the final five months of 2016.
2017 will be another year for major development stoushes. These are some to keep your eye on.
Sir Michael Hintze has acquired his first Victorian farming property after paying more than $10 million for Cheviot Hills.
Sydney property developer and former BRW Rich Lister Phillip Wolanski is selling up in Byron Bay.
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