Ghale buys Melbourne's 'best' corner
Education entrepreneur Shesh Ghale is buying the super-prominent site which forms the south-west – and some say best – corner of the Melbourne CBD grid.
Property
Australia must fix its 'spectacular housing bubble', Citi warns
Australia is experiencing a "spectacular housing bubble", which needs to be addressed with tougher regulatory measures, said Willem Buiter, Citigroup's chief economist.
John McGrath bursts property bubble 'myth'
John McGrath, founder of the McGrath real estate advisory empire has dismissed concerns of a property 'bubble'.
Impending property 'calamity' an 'over-reaction'
Senior property industry executives dismiss fund manager Altair Asset Management's surprise liquidation of its entire Australian share funds because of an impending property market "calamity" as an "over-reaction."
ICD and Wingate sell Fitness First gym for $17.55m
ICD Property, the Chinese-backed developer of one of Melbourne's largest high-rise residential towers, and investment firm Wingate have cashed out of a Fitness First investment in Cheltenham for $17.55 million.
Century City Walks into arms of IPG
Sydney-based advisory firm iProsperity Group has snapped up the Century City Walk shopping mall in Glen Waverley to become one of the largest landowner in the burgeoning retail precinct. IPG has paid $45 million for the 8352 square metre shopping centre which is anchored by an Village Cinemas complex fronting busy Springvale Road.
Part of Eynesbury estate on the market for $120m
A portion of the vast Eynesbury estate near Werribee in Melbourne's west once owned by the Ballieu family has been put on the market with price expectations around $120 million.
Kozminsky Bourke Street freehold for sale
The closure of Kozminsky jewellery store at 421 Bourke Street has prompted its owner, the Shaw family, to put the three-storey Victorian building on the market.
North Sydney development sector hitting new heights
A potential new mixed-use development has been earmarked for North Sydney with the sale of an older-style office tower at 8 West Street that could attract a price of about $60 million.
Aventus Retail spends $436m on two large format centres
Aventus Retail Property has beaten off tough competition to strike the biggest sale deal in the large format retail sector,
What price would you pay for a whole block of flats?
A block of 28 studio apartments at 37 Elphin Grove in Hawthorn has sold for $4.6 million.
Soaring suburban shop prices show no signs of slowing
A small 188-square-metre, single-level building in Melbourne's outer-eastern Mount Waverley recently sold on a 2 per cent yield under the hammer.
King Street building sells for $5.4m
A historic four-storey King Street office built in 1887 has been snapped up by an owner-occupier for $5.4 million.
Hipsters make new suburban offices groovy
Hip inner-city suburbs are undergoing a worker renaissance as surging office rents begin to tip the construction scales away from residential apartments.
Light wins over shadow in public park battle
Light has conquered shadow in a battle over tall buildings overlooking Melbourne's riverside Birrarung Marr park.
The $380m Castles hotel and apartments to open in Sydney CBD
Chinese giant Shanghai United has teamed with AccorHotels to be the latest to construct and manage a new hotel and apartment complex
Retailers brace for more warm weather
Retailers, already facing a seismic change in shopping habits, are heading into the so-called half yearly clearance sales, a month earlier than in the past.
Building's subtle nod to warehouse past
McGlashan Everist Architects could have easily demolished what was previously an asbestos-riddled building on Monash University's Clayton campus.
King & Godfree revamp gets under way after three year hiatus
The redevelopment of the King & Godfree grocery store in the heart of Carlton's Lygon Street is finally under way three years after it shut.
TPG sells Mount Martha hatchery for speculated $16m
After paying the Ingham family $880 million for its then-94-year old poultry business in 2013, a TPG Capital subsidiary is selling a 4.6 hectare former hatchery, surrounded by multimillion-dollar homes, in exclusive and established Mount Martha.
Qualitas construction fund reaches $500 million
Real estate management group Qualitas has raised $500 million from institutional investors for the first fund in its multi-billion dollar construction finance program.
Stuart Morris selling Ivanhoe East supersite
Prominent barrister Stuart Morris QC is selling a controversial Ivanhoe East holding to SHL Development.
Investors flock to secure student accommodation
The last two years have witnessed the start of the institutionalisation of student accommodation as an asset class in Australia.
Leasing Ladder
SYDNEY $892.85sq m gross.
Port Hedland property market reawakens
Prices in Port Hedland are starting to rise, after having collapsed near 70 per cent during the past four years.
West Melbourne roars into record territory
Melbourne developer United Asia Group has put its foot on a West Melbourne development site, setting a new land benchmark for the area.
Charter Hall snaps up Dexus site for $229m
Charter Hall's Prime Office Fund and Direct Office Fund have extended their joint venture with the exchange of contracts with Dexus Property to buy the office tower at 105 Phillip Street, Parramatta, Sydney for $229 million.
G8 Education taps investors for $100m
G8 Education is tapping investors for $100 million through a fully underwritten institutional placement to fund growth opportunities and reduce debt.
Lloyd Williams sells city car park to Hong Kong investors for $120m
Property tycoon and horse racing identity Lloyd Williams has more than doubled his money with the sale of a 16-storey carpark in Melbourne's Flinders Street to a Hong Kong private company for about $120 million.
Townhouses likely for road research land
Chinese property developers have snapped up a large infill suburban site in Melbourne's outer east that was previously used for road safety research.
Small Business
Greens introducing small business payments legislation
The Greens are moving to position themselves as the party of choice for small business.
Companies need to manage the work-at-home revolution
Those that excel at managing virtual workforces will have an advantage over clock-watchers.