Business

Carolyn Cummins

Carolyn Cummins is Commercial Property Editor for The Sydney Morning Herald.

LaSalle Funds Management Limited, on behalf of the LaSalle Australia Club Investment Trust, has brought to market Home ...

Large-format retailing is hot ticket

Retailers Gerry Harvey and Brett Blundy are expected to be in the mix of interested parties for the $400 million-plus Home Hub portfolio in Sydney's hills district that is being sold by the LaSalle Funds Management.

Strong result: Abacus sold a Hornsby office building to a private investor for $22 million.

City fringe office rivals CBD market

The sale of a freestanding office building in Hornsby by the Abacus Property Group for $22 million, on a yield of 5.6 per cent, reflects the increasing demand for suburban offices, according to agents.

Lakeside Shopping Centre, on the NSW Central Coast, is being sold by Colliers International and Stonebridge.

$US1.7 trillion set to enter global real estate

The stronger economic growth, forecast for the coming year and the availability of debt capital are expected to drive global capital flows in 2017, with US$1.7 trillion of ''dry powder'' available to deploy in real estate this year, according to the CBRE Global Investor Intentions Survey 2017.