Aveo vows to simplify contracts after profit doubles
Embattled retirement village giant Aveo has moved to appease critics of its complex contracts, vowing to simplify them as it revealed its full-year profit doubled to $252.8 million.
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Simon Johanson
Property Editor at The Age and BusinessDay journalist for Fairfax's theage.com.au, smh.com.au, watoday.com.au and brisbanetimes.com.au.
Masters stores to reopen as shopping malls in time for Christmas
Ten former Masters stores across the country will reopen as shopping malls in time for Christmas, with another 30 to follow in 2018.
Perth fund pays $20.3m for industrial assets
Perth-based fund manager Mair Property Funds has swooped on to two industrial facilities in Melbourne's west in a $20.3 million off-market deal.
Toorak Village tops developer's list
One of the last remaining development sites in Toorak Village has sold for $7.3 million.
Spruiker in hot water over 'buy a house for $1' scheme
A spruiker who promoted a scheme to "buy a house for $1" has been described by a judge as "habitually careless with the truth".
More property to transact on St Kilda Road
Philanthropist and tech entrepreneur Malcolm Freake is set to offload a six-storey office tower in the St Kilda Road precinct, taking advantage of peaking demand for the boulevard's buildings.
Growthpoint nears 100% occupancy in its portfolio
Industrial sites around Melbourne Airport continue to attract large logistics businesses with the latest, Direct Couriers, taking a 10-year and two-month lease at Growthpoint Properties Australia's site.
PwC sees red as it ups ante on modern office design
There are few top-tier corporate offices where clients are greeted with a scarlet epoxy floor, gold-plated walls and a four-storey tall high-tech video art display.
Pace Group buys Sunshine North townhouse site
Melbourne-based developer Pace Group has dug deep to purchase a former quarry site in Sunshine North for $34 million.
Building boom fuels James Hardie results
A long-running building boom has fuelled strong demand for cement sheeting panels, weatherboards and interior panelling products, boosting building products maker James Hardie's Australian operations.
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