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.
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.
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.
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.
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.
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.
Australia's moves to hit hitting foreign buyers with more taxes are part of a growing global trend.
The hotly-contested pub market has a new sale on the go with price expectations of more than $40 million.
Property group GPT has tapped the US debt markets for $US325 million ($403m) in a refinancing deal.
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.
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.
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 and travel are fast overtaking the mining sector as the growth engines of the Australian economy, according to analysts.
The $120 million update of the Elements of Byron beachfront resort in Byron Bay has been completed.
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"
The consortium of private owners who in May demolished St Kilda's historic Greyhound Hotel have listed the site for sale targeting developers.
ALEXANDRIA $565 sq m gross
Cremorne has become a drawcard for graphic designers, photographers and those working in the fashion industry.
The risk factors that could decide the fate of China's property boom can be found well beyond the capital and biggest city.
Melbourne’s popular Bourke Street Mall is set for a shakeup as several retailers look to exit the strip amid tougher trading conditions.
Woolworths has expanded its footprint in the Sydney city after snaring a location for its Metro supermarket in Pitt Street Mall.
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.
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 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.
Peak Equities has snapped up the Camberwell Junction headquarters of Australian Pharmaceutical Industries, paying $27.5 million for the leasehold property.
A shop at 34 Chapel Street, currently leased for $125,000 per annum, sold at auction for $2.9 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.
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.
Demolition of a 1960s tower block at the old Menzies Hotel at Wynyard has delivered an historic surprise.
Department store chain Myer is to close a further three stores as it focuses on its strategy of less is more and smaller.
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.
The biggest wealth transfer in Australia's history is underway as family businesses look to the next generation.
It's an unflattering academic term used to describe jobs perceived by many as immoral or stigmatised.
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