Australia seen as safe haven for investors
Demand for high quality, stable markets across Australia will keep the overseas cash coming in as investors steer of volatility elsewhere in the world.
Carolyn Cummins is Commercial Property Editor for The Sydney Morning Herald.
Demand for high quality, stable markets across Australia will keep the overseas cash coming in as investors steer of volatility elsewhere in the world.
Property owners are now embracing new strategies to lease sites when faced with tenants in trouble to ensure the financial stability of the assets.
Retail basements are in hot demand, with the site at 53 Martin Place, occupied by Barrio Cellar, now on the market with price indications of more than $5 million.
Sports retailers have donned their running shoes and are in a race to find new sites across the country to take advantage of the healthy lifestyle of Australians.
The entry of online giant Amazon will have a big impact on retail-focused Australian real estate investment trusts over the medium term and could force more into administration, according to ratings agency Moody's Investor Services.
NORTH SYDNEY $575 sqm gross.
The InterContinental Hotel Group is expanding its footprint with a new Holiday Inn planned in Sydney's Chinatown.
Investors are seeking a foothold into the booming Sydney office market with new assets worth more than $500 million up for grabs as the owners take advantage of the high demand.
Amazon has made its first official step towards its entry to the Australian market with the appointment of agents, understood to be CBRE, to look for distribution sites, that will be the hub for its business across the country.
Demand for suburban shopping centres is gathering pace as investors scramble to get a foothold into higher-yielding assets at a time when interest rates remain at a record low.
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