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Investors pump $14 billion in sales across office sector
Propertylink has sold its 320 Pitt Street, Sydney assets for $275 million.
Carolyn Cummins is Commercial Property Editor for The Sydney Morning Herald.
Propertylink has sold its 320 Pitt Street, Sydney assets for $275 million.
A Service NSW site, a supermarket and a block of units are some of the latest listings on the market in the lead-up to the end of the 2017 financial year.
Industrial property is in high demand with Frasers Logistics & Industrial Trust buying a $169.3 million portfolio and Stockland starting work on its $80 million office and warehouse estate in Warwick Farm, South-West Sydney.
Embattled businessman Clive Palmer has sold the head office of his Queensland Nickel company.
It has been a busy year for the real estate investment trust sector, amid the long-running battle for control of Investa Office Fund, volatile share market and changing yield market.
The arrival of Amazon to Australia is likely to have a big impact on other online retailers and if they are not competitive they could perish, according to retail experts.
Industrial assets are in high demand, not just from the entry of Amazon, but also the fact that there are more than $86.8 billion in transportation infrastructure projects currently underway.
Architecture practice Turner has created two exciting installations in Sydney's CBD for the Vivid Sydney event.
Retailers have finally received some good news with new data showing sales have had the biggest rise, of 1 per cent, for the first time in two and half years.
NORTH SYDNEY $285,000.
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