Office development underpins 12% Lendlease profit rise
Global construction and infrastructure group Lendlease will look to its construction and development pipleline for growth in the coming year, boosted by the strong office leasing markets.
Global construction and infrastructure group Lendlease will look to its construction and development pipleline for growth in the coming year, boosted by the strong office leasing markets.
Investors are losing patience with Cromwell in its battle for control of the $2.7 billion Investa Office Fund, with some saying it its getting to the "unreasonable" level.
Australian retailers are se to face a new entrant with many South African-based brands now discovering that there is a new market near their door step, with a similar climate, time zone and consumer outlook.
Landlords have been hit by steep land tax increases from soaring property values, in some cases more than doubling tax bills and making investments uneconomic.
Business partners and long-time mates, Geoff Dixon and John Singleton, have sold the Toxteth pub to Mitchell Waugh's Public House Management Group, as part of their program to divest the portfolio and reinvest in new ventures.
Funds manager Charter Hall Group has posted a bumper 20 per cent increase in net profit to $173.3 million for the first half of the year on the back of increased valuations and management fees.
One of Australia's most active boutique investment funds has snapped up a Melbourne property just two weeks after it bought a new timber tower in Brisbane from Lendlease.
Office landlords need to offer not just bricks and mortar for tenants, but have a "placemaking" focus, according to agents.
A lack of available stock and attractive yields are driving office sales in fringe office markets.
Shares in listed real estate group McGrath took another hit on Thursday as it warned "challenging" market conditions were likely to continue after reporting a dive in half-year pro-forma profit.
Ardent chief executive Deborah Thomas says she is "not going anywhere" and will work to restore the theme park operator to its former glory after the company sank to a $49.4 million loss for the December half following the fatal accident at its Dreamworld theme park in October.
The well-known gathering spot for Double Bay residents, the Cosmopolitan Centre is being sold, as the owners take advantage of the regeneration of the suburb after it took a hit with the revamp of Westfield Bondi over a decade ago.
A Singapore-based REIT with extensive industrial property holdings in Australia has purchased a $22.25 million facility from retirement-focused fund manager Challenger Life.
Investa Office Fund has issued an earnings upgrade for the full-year of 3 per cent, based on improving fundamentals for the national office market.
Citipower has paid commercial real estate agent Michael Donovan more than $23 million for a South Melbourne substation the electricity supplier has leased since 1965.
An 18-storey, DA approved 160-apartment site in the heart of Blacktown has been listed for joint venture or sale.
The growth in medium density housing throughout the Sydney suburban network has all but ended the suburban office.
CROWS NEST $384 sqm gross
Branch Studio Architects has become the "in-house" architect for Caroline Chisholm College, in Braybrook.
Leasing activity has stepped up in city fringe markets as vacancy rates tighten across Melbourne.
Stockland, one of the country's largest home developers, said the strong residential markets along the eastern seaboard, stable retail sales from its tenants and higher office rents going forward, will underpin its growth in the full year.
Stockland, one of the country's largest home developers, said the strong residential markets along the eastern seaboard, stable retail sales from its tenants and higher office rents going forward, will underpin its growth in the full year.
US-based retailer T.J. Maxx is set to open its first Australian store adding to an onslaught of global retailers.
Boutique fund manager Key Capital will test investor appetite for shopping centres when it offloads its Wangaratta large format retail centre.
The InterContinental Hotel, Sydney is to undergo a $200 million-plus facelift at a time when the hotel sector is on a strong upward trajectory.
One of the city's well-know watering holes, the Verandah Bar's leasehold is on the market with price expectations of about $9 million as the owners take advantage of the strong pub sector.
Melbourne industrial property deals surged to a record $1.92 billion in transactions in 2016, a 15 per cent increase on the previous year.
Collins Street shops rarely hit the market, but one sold at auction for $4.64 million on a yield of 3.97 per cent.
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.
Charter Hall Retail REIT is looking at a range of capital management tools to deploy cash at a time when the supply of regional and neighbourhood centres is tightening.
Starting a business when your friends are all still foot loose and fancy free has its advantages.
Caffeine has been demonised over the years but it can help moderate stress.
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