Cromwell pulls out of $1.7b Singapore float
Cromwell Property has shocked investors with its decision to pull its €1.09 billion ($1.7b) float to be based in Singapore, of a portfolio of European assets, known as CEREIT.
Property
Broadway development site comes to market
Development sites in the fringe and suburbs of Sydney and Melbourne are in high demand as investors and developers seek out higher yielding brick-and-mortar assets.
Amazon expands reach into Manhattan
Online giant Amazon is to expand its presence in Manhattan after committing to a new office to house 2000 people that will be its primary New York location for its advertising division.
Cbus snaps up Mercure hotel for glitzy residential tower
Superfund-backed developer Cbus Property plans to build an upmarket 34-storey apartment tower on the Mercure hotel site in Melbourne which it has purchased for more than $70 million.
Hardware Lane's Cyclone House sells for $6.71m
A historic city building held by the same family for a generation in Melbourne's busy Hardware Lane has sold to a Chinese investor for $6.71 million.
Dear ghost home owner: prepare to be hit with more tax
Australia's moves to hit hitting foreign buyers with more taxes are part of a growing global trend.
Terrey Hills Tavern to tempt land developers and hoteliers
The hotly-contested pub market has a new sale on the go with price expectations of more than $40 million.
GPT taps US debt markets for $403m refinancing
Property group GPT has tapped the US debt markets for $US325 million ($403m) in a refinancing deal.
South Sydney sheds are raising the roof
The scarcity of space and soaring land costs and rent have led industrial property owners to reach for the sky - literally - as they construct multi-level warehouses.
Silicon Yarra office market creates heat
Surging office rents in the Cremorne precinct dubbed "silicon Melbourne" are pushing up land values as developers and owner occupiers jostle for a piece of the former industrial suburb.
State takes control of Ormond station allowing tower to go ahead
A controversial 13-storey tower above the Ormond railway station will go ahead after the Andrews government took control of the land, setting a precedent for other level crossing and major infrastructure projects.
Tourism sector is Australia's new economic driver
Tourism and travel are fast overtaking the mining sector as the growth engines of the Australian economy, according to analysts.
Byron Bay $120m resort construction wraps up
The $120 million update of the Elements of Byron beachfront resort in Byron Bay has been completed.
It’s not residential - it’s multi family
On September 14, the federal government proposed a bill that, once passed into legislation, will preclude Managed Investment Trusts (MITs) from acquiring residential assets that are not "affordable housing"
St Kilda's Greyhound Hotel site for sale
The consortium of private owners who in May demolished St Kilda's historic Greyhound Hotel have listed the site for sale targeting developers.
Leasing ladder
ALEXANDRIA $565 sq m gross
Concertina-like balustrades showcase creative Cremorne
Cremorne has become a drawcard for graphic designers, photographers and those working in the fashion industry.
10 cities tell the tale of China's spreading real-estate risk
The risk factors that could decide the fate of China's property boom can be found well beyond the capital and biggest city.
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.
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.
Small Business
'Don't stuff it up': Kids get ready for the $3.5 trillion wealth transfer
The biggest wealth transfer in Australia's history is underway as family businesses look to the next generation.
How to manage 'dirty' workers
It's an unflattering academic term used to describe jobs perceived by many as immoral or stigmatised.