Another offshore retailer T.J. Maxx arrives down under
US-based retailer T.J. Maxx is set to open its first Australian store adding to an onslaught of global retailers.
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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.
Investors eye regional large format retail centre
Boutique fund manager Key Capital will test investor appetite for shopping centres when it offloads its Wangaratta large format retail centre.
Collins Street shop sells to Chinese investor for $4.64m
Collins Street shops rarely hit the market, but one sold at auction for $4.64 million on a yield of 3.97 per cent.
Westfield makeovers to shore up Scentre's booming profits
Australia's biggest retail landlord Scentre Group lifted its full year profit 10.4 per cent to $2.99 billion on the back of strong sales, new developments and property revaluations.
SMSFs overlooking unlisted commercial property funds, says Charter Hall
Self-managed super fund portfolios were overlooking a key asset class with strong 6 per cent-plus returns and long-term growth, a fund manager at Charter Hall claims.
Land prices rise to record highs as size of blocks fall
The average time on market for land in Melbourne's outer growth suburbs has dropped below 60 days, the lowest ever recorded.
Property wolf delivers $191m profit for Abacus
Abacus Property Group led by industry veteran Frank Wolf has a reported a substantial increase in profit of $191.7 million, 2.5 times more than the previous half year result.
Old offices transformed with top NABERS environmental ratings
Owners of ageing premium office towers up to 30 years old are achieving significant upgrades to their environmental ratings as they retrofit buildings to attract and retain key tenants.
Mirvac profits from housing boom but settlement defaults rise
The diversified property group's profits surged 7 per cent in first half of the year, although defaults on its residential settlement have hit 2 per cent as investors struggle to get finance.
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.
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