Australia Post sells half share in Melbourne tower to Singaporeans
Australia Post has inked a deal with giant Singaporean fund Keppel REIT to sell it a $347.8 million half share in a Melbourne tower to be built for Victoria Police.
Property
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.
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.
Another West Melbourne site stretches tower height limits
Quarry owner and private developer Paul Lofitis has gained planning approval for a 20-storey apartment complex on a site in Spencer Street he purchased for $12.75 million in December last year.
Locals clamour for M City flats
Stage one of the $1 billion Saraceno-Schiavello M City project in Clayton has almost sold out in just two weekends of marketing.
Trusts deals end a busy financial year and await the Amazon juggernaut
Its been a matter of out with the old and in with the new in the final week of the 2017 financial year.
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.
Chippendale fringe asset sold at City prices
Investors have snapped up more than $360 million of City fringe assets, but with supply tight, the prices paid are matching the central business district.
Suburban office and food hubs are on buyers' radars
Owners of the home of the popular Winery bar and restaurant in a mixed use development in Surry Hills, are taking advantage of the rising investor demand for city fringe assets, with the sale of the freehold site, valued at about $70 million.
CBD strata office market in hot demand
The low interest rate environment has seen a rise in demand in the Sydney CBD sub-$5 million office strata market as small businesses, who are tenants, are now getting a better return through buying the properties.
Leasing ladder
NORTH SYDNEY $575 sq m gross.
Blackwall has new investor
Robert Millner and the team at Soul Pattinson's investment group URB Investments Ltd have acquired just over 900,000 shares, or 1.5 per cent, in BlackWall Ltd.
Sustainability adopting a people-centric approach
While sustainability in the built environment has traditionally been associated with environmental aspects such as energy, water and waste, there has been a huge spike in interest in the benefits associated with social initiatives as we take a more people-centric approach to sustainability.
Seiko to mark time on Little Collins
Japanese-owned watch company Seiko is set to open its first boutique in Melbourne in Little Collins Street.
Biology of design underpins Monash Uni laboratory
Few architects are given a relatively pristine enclave of natural bush to work with.
Tenants active in suburban business parks
Frasers Property Australia has netted $8.2 million from two 10-year lease deals, including one to Australia's largest childcare provider, at its Mulgrave "Wellington 2eleven" business park development.
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.
Small Business
UrbanYou gets $1m investment to control quality in gig economy
On-demand cleaning and tradie platform UrbanYou is rolling out nationally.
Australian homewares labels killing it
These entrepreneurs are cashing in on our desire to nest.