This $180 million Bunnings deal is a big box game changer
Hardware giant Bunnings has sold four newly-built stores to CBRE Global Investors in a $180 million deal that recalibrates values in the sought-after sector.
Hardware giant Bunnings has sold four newly-built stores to CBRE Global Investors in a $180 million deal that recalibrates values in the sought-after sector.
Melbourne's office market outperformed the rest of the country over the third quarter of this year with a rapid decline in incentives, strong effective rental growth and tightening vacancy, according to CBRE research.
The Bamm Group, owners of the Elermore Shopping Centre, have sold their neighbourhood mall in Newcastle to a private syndicate for $18 million
Developer Lang Walker, Parramatta City Council and Property NSW, have broken ground on his $2.4 billion Parramatta Square site
After its rock star-like opening and fast expansion program, it is understood Zara fashion group is in talks to break its lease at the QIC-owned Robina shopping centre on the Gold Coast, due to the challenging retail sector.
A syndicate has snapped up Benetas' head office in East Hawthorn, paying $24.65 million on a 5.5 per cent yield.
A vacant two-level office building at 320 Kings Way sold under the hammer for $1.22 million, at a building rate of $5,550 per sq m.
The amount of cash flowing out of China into property has halved within a year but Australia is still the preferred destination for Chinese investors able to get their money out.
Sydney home prices have again fallen while Melbourne's have remained flat, but more properties have gone under the hammer and the national auction clearance was higher last week.
Global technology titans including Amazon.com, LinkedIn and Expedia are congregating in Sydney's central business district, providing a commercial property fillip just as Australia's record housing boom starts to tire.
As property prices come off, but wages fail to grow, people are much more sensitive to interest rate hikes, says UBS.
Developer Tim Gurner is set to launch a luxury Melbourne apartment complex in a joint venture with a branch of the wealthy Smorgon family.
Trucking magnate Lindsay Fox and property veteran Max Beck have been underpaying land tax at Essendon Airport, a site they lease from the federal government in Melbourne, court documents allege.
Lendlease has expanded its presence in the engineered timber building sector after lodging a planning application with the Department of Planning and Environment for a second office property at Barangaroo South.
Investors are being pushed out of Australia's housing market with government regulations generating a 6 per cent drop in investor loans as first home buyers record "strong growth" for the first time in years.
Co-working office operators are going after growth in the corporate market, boasting of 25 to 30 per cent savings on the cost of a traditional office lease.
Pub tsar Justin Hemmes has cemented his position as the largest single owner of popular Sydney pubs, splurging more than $70 million on the purchase of three major hotels over the past three months.
The move to offer fast food in a more restaurant-style format is being embraced by all operators as they strive to make customers linger for longer.
Darlinghurst's Tropicana Caffe – the birthplace of the world's largest independent film festival, Tropfest – has sold before auction for $6 million.
Father and son property players Michael and Sebastian Drapac have begun to sell down the once-distressed assets in their US funds as they reposition themselves for another American property venture.
Amazon's expansion in Australia will accelerate growth in the online retail market and this will result in reduced growth in turnover of some shopping centres.
FOMO ('fear of missing out') is a thing, it's real and in fact it's the principle that the residential property market in Australia has played on for years and is why auction is the preferred method of sale in NSW.
SYDNEY $2,390 sqm net.
Warren Ebert's Sentinel Property Group has flipped a second Melbourne commercial asset in as many months.
Heritage is not just confined to period buildings. It can cover gardens, shipwrecks, archeological sites or even tram depots.
Plans for a permanent park at the intersection of Flinders and Elizabeth streets have been postponed until after a $40 million revamp of an office building on the corner has been completed.
TH Real Estate will focus on offering debt investments to lenders who are looking for more non-bank financing
Two feuding Singaporean investors who engaged in one of Melbourne's most acrimonious real estate battles have joined forces to sell their development sites.
Two investors last week struck a deal over a strong cuppa, exchanging a T2 shop in a private off-market sale for $6.008 million.
Three years ago Box Hill Institute had a dilemma – its music, fashion, design and IT buildings were falling apart and it didn't have the money to fix them.
The social media giant is making inroads into the "really rich" Australian small and medium business market.
The industry selected for special tax treatment.