Myer and DJs falling sales hit retail landlords
Department stores are weighing on the results of their landlords, with sales contributions in the red for the three months ending March 31.
Department stores are weighing on the results of their landlords, with sales contributions in the red for the three months ending March 31.
Monopoly e-settlement provider PEXA has apologised to conveyancers for program seen as attempt to steal clients and cut them out of the settlement process.
Robert Christie has offloaded a Collins Street building occupied by his flexible workspace business Christie Spaces for $40.1 million.
Boral is looking to its property division to help boost earnings, after warning the US operations face operational issues caused by bad weather.
A whole office floor at Level 3, 501 La Trobe Street was snapped up by an Adelaide-based owner-occupier.
Tighter financing issues, moderating price growth and the aging population, are combining to deter investors from the market
Flexible workspace provider Spaces is set to open four new offices in Melbourne this year as it undertakes a rapid expansion across the Asia Pacific region.
Supermarket operator Aldi Foods is seeking to raise in excess of $12 million for a large land holding in Sydney's west
The appetite for industrial property shows no abating thanks to the ongoing demand for ecommerce which requires warehouses for storage and distribution.
The popular watering hole Dick's Hotel, is the latest pub in Balmain to be put on the market
Icon Developments has planning approval to start work on its landmark project at 600 Church Street in the Cremorne commercial precinct.
Cbus Property wastes no time redeveloping one of the city’s most under-utilised sites.
Knight Frank champions new approach to building maintenance that has resulted in meaningful savings and less downtime.
NextDC this week embarked on a $170 million land grab, but a new rival believes leasing sites makes more financial sense.
Architects Atelier Wagner are no strangers to reworking churches.
Sale a further sign Australia’s listed property trusts are ring fencing their portfolios against tougher retailing conditions.
Hot Property
Leasing ladder
A Carlton building described by Victoria’s planning minister as “too tall and bland” gets a development permit.
Two buildings have changed hands for a combined $175.5 million.
Data centre operator buys land for three new capital city facilities at a cost of around $170 million.
The oldest building on the Bourke Street Mall is up for sale.
The Foxtel HQ is on the market with a newly signed four year leasing deal in place.
WeWork, the co-working office space giant, has expanded its footprint in Sydney with a new lease at the HCF building, 64 York Street, Sydney.
The redeveloped former Town Hall hotel in Balmain, is set to test the market as a freehold fully-leased mixed-use property.
“Fortress malls” will need to keep spending large sums on shopping centre upgrades to fend off the threat of online shopping.
Deals and deeds
Developer Tim Gurner is set to launch a 32-unit apartment project at the Spanish Club on Johnston Street, Fitzroy.
Another significant land deal is speculated to be taking place, affecting a Bulla site in Melbourne’s north-west.
Soaring growth in international tourists, students will add to living pressures in coming decade.
Just accept it: the robots are coming and there’s not much we can do about it.