Traders look to exit Bourke Street Mall
Melbourne’s popular Bourke Street Mall is set for a shakeup as several retailers look to exit the strip amid tougher trading conditions.
Property
Woolworths snares prime site on Pitt Street Mall
Woolworths has expanded its footprint in the Sydney city after snaring a location for its Metro supermarket in Pitt Street Mall.
Lendlease to expand telco towers across America
Lendlease will increase its exposure to the North American telecommunication sector with the development of 423 new rooftop towers to get a slice of the massive digital communications market.
Sentinel sells Virgin Active centre in Bourke Street
An unsolicited offer has tipped fund manager Sentinel Property Group into selling a prime Bourke Street building occupied by Virgin Active for $33.96 million.
Investor demand pushes sales demand to over $300m
Investor demand for office and industrial assets is showing no sign of slowing down with series of sales and listings worth close to $300 million dominating the Sydney commercial market.
Suburban office demand intensifies
Peak Equities has snapped up the Camberwell Junction headquarters of Australian Pharmaceutical Industries, paying $27.5 million for the leasehold property.
Small investors snap up shops, warehouses and offices
A shop at 34 Chapel Street, currently leased for $125,000 per annum, sold at auction for $2.9 million.
Byron Bay's Beach Hotel sells for $70 million
Melbourne-based Impact Investment Group has paid $70 million for the Byron Bay Beach Hotel, once owned by John Cornell, known as ''Strop'' in his television days on the Paul Hogan show.
Parkville residents oppose 22-level tower at former Games village
When then premier Steve Bracks was poised to sign off on the Commonwealth Games Village in 2003, protesters fought to ensure it was mostly low-rise.
Historic surprise in Sydney CBD as 1960s office block demolished
Demolition of a 1960s tower block at the old Menzies Hotel at Wynyard has delivered an historic surprise.
Myer store closures offer new space at malls
Department store chain Myer is to close a further three stores as it focuses on its strategy of less is more and smaller.
Lack of tradies causes two-year home building delay
The two-year lag time between buying land and moving into a newly built house is caused by competition for construction workers and building supplies, according to the new chief of the Victorian Planning Authority.
Google gets a Melbourne home, alongside Nike
Tech giant Google will set up its first Melbourne office in the heart of corporate Australia, leasing space in US property group Pembroke Real Estate's signature Collins Street building.
Investa resets for the future
Investa has undergone a relaunch of its "brand,vision and identity" to reflect its new business strategy.
Hyde Park dress circle taking shape in Sydney CBD
It has been dubbed the Hyde Park Dress Circle where multi-billions worth of developments are under construction or in the approval stage
Food courts the new holy grail for retailers
Food is more than a physical need.
Deals & Deeds
ST PETERS $962,500.
Retailers take space on Swanston Street
Cut price pharmacy giant Chemist Warehouse is set to open a franchise in Swanston Street, setting the scene for other leasing deals as Melbourne's Metro Rail Project significantly expands its activity in the area.
Design firm makes ordinary warehouse different
From the outside an ordinary office/warehouse and workshop in Fairfield, one of 30 almost identical warehouses on the estate, looks fairly unremarkable.
Far East looks West for big money apartment sales
Far East Consortium has so far booked $722 million in presales for Towers 1 and 2 at its massive West Side Place development on the former site of The Age newspaper in Melbourne, company documents show.
Build to rent emerging as $300b housing industry
Build-to-Rent will be a game changer for the Australian housing market with an estimated $300 billion worth of residential assets that could be owned by institutional investors
Myer family to sell St Kilda Road complex
The Myer family will offload a premium St Kilda Road office to tap strong investor interest as Australia's commercial property sector nears a cyclical peak spurred by falling vacancy rates and rising tenant demand.
George Street cements its status as Sydney's tech hub
Sydney's George Street strip has cemented its status as the tech hub of the city as tier one brands set up shop in preparation for the completion of the light rail and rejuvenation of the street.
Burnie Bunnings sells for $21 million
Diversified property player Charter Hall has begun collecting assets to seed a new consumer staples fund, paying $21 million for a Bunnings Warehouse in Tasmania.
Aveo faces class action over retirement contracts
Besieged retirement living giant Aveo faces further upheaval with legal firm Maurice Blackburn launching a class action over its use of “unfair and unconscionable” contracts on elderly residents.
Flinders Street hotels hit the market
The Schwartz family is poised to offload two hotels on Flinders Street, making the most of a market hot for both freehold properties and accommodation.
Ardent's American business boss resigns
Ardent Leisure's chief executive of the Main Event Entertainment business, Charlie Keegan, has resigned after 11 years at the helm
Investors tipped to snap-up North Sydney site
Investors are circling the revitalised North Sydney office market
Industrial assets in hot demand
Private investors are swooping on the industrial properties offloaded by former owner occupiers.
Strip shops in demand with investors
Small retail's record run continues unabated after an investor paid $1.9 million for a strata shop at 7/672 Glenferrie Road.
Small Business
Time for companies to stick their heads above the parapet
Directors need to join in public debate with opinions that look further than the interests of shareholders.
Hacking fears take small businesses offline
Small and medium businesses are increasingly worried about hacking driving a fall in the number hosting their own website according to research.