Business

Carolyn Cummins

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

Veriu Broadway is an $18 million conversion of a former warehouse space offering self-contained studios, each over 40 ...

Sydney set to be hit with a flurry of new hotels

Sydney is to get a swath of new hotel rooms to cater for the growth of inbound tourism and the rise in demand from business travellers who want facilities close to the airport and accessible to the city.

Rents along prime CBD strips are rising fast.

Street where shops pay $20,000 just to rent a metre

The lack of supply due to construction works and increasing numbers of new brands looking for a shop has underpinned the prime retail sector in Sydney and led to a growth of about 10 per cent in rents, quarter on quarter.

Exchange House at 10 Bridge Street, Sydney, is being sold by Coweley Australia (part of ST Real Estate Group).

Exchange House could reap $130m for owners

The dash for high-end office towers has seen more than $4 billion worth of asset change hands along the Eastern seaboard in the past two months, triggered by the strength in the underlying leasing market.

A tranche of land adjoining the Sydney International Regatta Centre in Penrith at 39-45 Castlereagh Street, Castlereagh.

Property trusts in race to reporting season

It has been a busy start to the new financial year with capital raisings, takeovers and flat trading conditions for some of the development-focused real estate investment trusts.

An industrial unit in Burrows Road, Alexandria has sold for $1.4 million.

Deals and Deeds

Annabelle Boyd has sold a 349 sqm site at 374 Pacific Highway, Lindfield to SNP Investments for $4.8 million.