Centuria swoops on industrial site
Acquisitive fund manager Centuria has followed up its purchase of Target's headquarters in Melbourne's west with an industrial deal worth $37 million.
Property
Cedar Woods sells Target headquarters for $58m
Discount retailer Target may be struggling with sales, but a head office it recently leased for a 10-year period in Melbourne's west has sold to Centuria Property Funds for $58.23 million.
Spotlight Group sells $50m Box Hill haberdashery
The Spotlight Group has sold a permit-ready development site in central Box Hill, which was listed with a price guide of about $50 million.
Mandarin Oriental to open in Zaha Hadid tower
Luxury hotel operator Mandarin Oriental Group will open its first Australian hotel in a stunning, vase-like Melbourne tower designed by the world's greatest female architect, Zaha Hadid, before she died unexpectedly last year.
Mirvac discounts apartments as competition heats up
Apartments with city views over the water in one of property giant Mirvac's developments are being offered to buyers at a whopping $59,400 discount on their $495,000 advertised price.
Dexus launches $800m healthcare fund
Dexus Property has made good on its intentions to expand into the $125 billion hospital and medi-centre sector.
10 Spring Street to test Sydney CBD office demand
Property investor Centuria is taking advantage of the strong Sydney office market with the sale of its Swire House at 10 Spring Street tower, with an estimated value of more than $220 million.
Three deals totalling $80m happening at city's south-west tip
Three low-rise buildings around the city's south-west tip are in the process of exchanging hands in deals totalling about $80 million.
Leases running strong at Sydney Olympic Park
Leasing activity is heating up in Sydney's west as the area benefits from major infrastructure developments by the NSW Government.
Fishermans Bend development site sells for $7.9m
An owner-occupier has purchased one of the largest vacant land parcels in Fishermans Bend, which currently has a 12-level residential redevelopment permit in place.
Sydney, Melbourne house prices rise
House prices have again lifted in Sydney and Melbourne but have eased in Brisbane, Adelaide and Perth.
$1.2b Circular Quay project, Virgin Australia attract Chinese government scrutiny
Billion-dollar hotel developments in Sydney and Queensland, a shareholding in Virgin Australia, and the Australia's biggest cinema chain will come under the scrutiny of Chinese regulators trying to rein in a US$215 billion ($284 billion) overseas buying spree by Chinese companies.
Office deals galvanise east coast markets
Yield-chasing investors have galvanised office markets as they run the ruler over a multi-storey complex in downtown Melbourne and a St Kilda Road office tower, just two of multiple deals in play along Australia's east coast worth up to $2 billion.
Ardent looks to Main Event business as growth engine
Ardent Leisure's new chief executive Simon Kelly has moved to put his stamp on the business,
APN servo trust comes to market
Listed property trust APN has lodged the prospectus for its long-awaited servo trust, a $323 million portfolio of 67 petrol stations and convenience stores.
There's a new food store coming called David Jones
Upmarket David Jones is undertaking a $100 million upgrade of its food business over the next three years, which will include the roll-out of stand-alone branded convenience stores.
Stamp duty, furniture: Melbourne units come with free extras
A mystery shopping trip to buy an apartment has uncovered a top tier developer offering a whopping $59,400 discount on a $495,000 apartment, about 12 per cent of the purchase price.
Iris Capital, Gallagher Hotel snap up hotels
In the biggest pub sale this year, Iris Capital and Gallagher Hotel Management have bought two key Sydney hotels with a combined value of $65 million,
Binks site adds to Footscray unit heat
Offshore developer AVIC Group has proposed a $162 million mixed-use estate for the former Binks Ford car yard in Footscray.
Amazon's Whole Foods takeover could lead to local deals
The takeover by Amazon of the Whole Food business has raised suggestions among Australian observers that a similar deal could occur over here as a way of gaining instant market share.
Deals and Deeds
MASCOT $8.7m.
Retail leases more transparent and flexible under new Act
One of the most significant and far-reaching retail legislative changes will quietly come into effect in New South Wales on 1 July 2017.
Nurses win right to go up in St Kilda
The Royal District Nursing Service is the latest organisation to turn their hand to property development, one of Melbourne's favourite pastimes.
UIM profits selling $20.5m Mount Waverley investment after two years
A Paragon Financial Group investment arm, United Investment Management, has sold a Mount Waverley office for $20.5 million – a substantial rise on the $16 million price it paid in mid-2015.
Moe transformed by new library in town centre
A striking new library and service centre has become a focal point for the Moe township.
Dexus cements top landlord status with MLC Centre purchase
Dexus Property has bolstered its stranglehold as the nation's biggest office landlord.
AMP Capital signs Electrolux at Crossroads
AMP Capital has announced the appliance group, Electrolux, will take a 10-year lease at its $130 million Crossroads Logistics Centre.
MLC Centre stars in $1.1 billion buying spree
The Sydney landmark is at the heart of a $1.1 billion buying spree unveiled by listed property giant Dexus on Wednesday.
Dexus reveals strong increase in valuations
Dexus Property says the strength of the national office market and rising land values have resulted in a $636 million, or 5.9 per cent, increase on prior book values.
Forever 21 fashion group feels the cold shoulder of shoppers
Fast fashion group, Forever 21, is the latest international retailer to face pressure from lacklustre consumer demand
Small Business
Emotional, mental toll of end of financial year
Research shows the end of financial year increases the pressure on stretched small business owners.
The bill Nomads are coming for their discounts
Business needs to prepare for a bigger rush of discount-seeking consumers.