Goodman looks to robots to boost demand for warehouses

Apr, 2018

Former Fratelli headquarters listed for sale

Property Markets / Transactions

The former home of Sydney Italian eatery Fratelli Fresh on Danks Street in Waterloo has been listed for sale with price expectations of more than $25 million.

Apr, 2018

Sale confirmed for Murrumbidgee Valleys Gundaline Station

Property Markets / Transactions

On behalf of the consortium of vendors and manager, Kidder Williams and CBRE Agribusiness are pleased to announce that Contracts of Sale have exchanged for Gundaline at Carrathool in NSW.

Apr, 2018

Long term leases for LOGOS and Dexus

Property Markets / Transactions

LOGOS Property and Dexus have secured long-term leases, demonstrating their expansion within the industrial property sector.

Apr, 2018

Affordable housing the focus of new AHURI research

Property Markets / Outlook

More affordable housing for low income groups could be achieved through incentives and density bonuses for developers, along with mandates on the development of affordable housing during rezoning, according to research from the Australian Housing and Urban Research Institute.

Apr, 2018

Australian house prices vulnerable to foreign shocks, as global markets synchronis

Property Markets / Outlook

Australian property prices may be vulnerable to unexpected foreign shocks, new research from the International Monetary Fund has warned.

Apr, 2018

Industry group rejects inclusionary zoning benefits

Property Markets / Outlook

Property development industry group Urban Taskforce says inclusionary zoning measures would not improve Sydneys housing affordability, despite suggestions by the Australia Housing and Urban Research Institute's to the contrary.

Apr, 2018

Apartment buildings remain most valuable

Property Markets / Outlook

Despite almost halfing in value over the previous month, new apartment buildings were the most valuable segment of Australias construction industry in March.

Apr, 2018

The essence of luxury at the heart of Sydney: The Lennox Stage 2 is launched.

Property Markets / Planning, Zoning, Infrastructure

Stage 2 of the iconic mixed-use riverside development, The Lennox Parramatta has just launched, after Stage 1 has successfully sold out. Located at the junction of the historic Lennox Bridge and Parramattas Church Street dining and shopping precinct, the $450 m, 47 level, mixed-use project is the result of a Project Development Agreement between the City of Parramatta and PCC DevCo1 Pty Ltd, with development management by EQ Projects.

Apr, 2018

Family owned Belconnen Markets sells for $43.75 million after 25 years

Property Markets / Transactions

The ACTs Belconnen Markets has sold for $43.75 million to the Elanor Investors Group, which has set up a managed fund to acquire the site from the Efkarpidis family, who owned the site for around 25 years.

Apr, 2018

Surry Hills attracts investors amid unprecedented demand

Property Markets / Transactions

A 9-storey building in Surry Hills has hit the market through Colliers International, as the area experiences an investment boom.

Apr, 2018

City office rents skyrocket

Property Markets / Outlook

The average rent for city offices has increased to more than $1000 per square metre, per annum, thanks to low vacancy levels.

Apr, 2018

Retail strata sells for almost $100 million

Property Markets / Transactions

The retail strata of mega inner Sydney housing project Park Sydney has sold for close to $100 million.

Apr, 2018

Charter Hall and Frasers acquisitions signify industrial and logistics expansion

Property Markets / Transactions

Charter Hall and Frasers have purchased industrial sites in Melbourne and Sydney, reflecting the expansion of the property groups industrial and logistics arms.

Apr, 2018

Sydneys housing prices to bottom out, figures suggest

Property Markets / Outlook

New figures suggest Sydney housing prices could be close to bottoming out, having dropped 3.9 per cent since mid-2017, and only 0.3 per cent over the past month.

Apr, 2018

Prestigious school snaps up another neighbouring site

Property Markets / Transactions

The prestigious Sydney eastern suburbs school, Ascham School has bought a 962sq m site at 45 Darling Point Road for $14.1 million, adjoining the schools 4-hectare campus at New South Head Road, Edgecliff.

Apr, 2018

Kuma wins Crown Group design project

Property Markets / Transactions

Crown Group has appointed Japanese architect Kengo Kuma to design its new 19-storey tower in Sydneys Waterloo, part of a five-building development in the Green Square urban renewal precinct.

Apr, 2018

Beachside Tamarama named Australias best performer

Property Markets / Planning, Zoning, Infrastructure

The Sydney beachside suburb of Tamarama has been named as Australias best performing housing market, boasting the countrys highest annual increase in median house values over ten years, according to REA Group research.

Apr, 2018

Farm sales see 20 per cent increased as demand outstrips supply

Property Markets / Transactions

National farm sales have increased by 20 per cent to $20.3 billion over 12 months, thanks to local, corporate, institutional and offshore capital, according to Landmark Harcourts? latest Benchmark Report.

Apr, 2018

New infrastructure will put Brisbane on the map

Property Markets / Planning, Zoning, Infrastructure

Future infrastructure should never come into a buyers decision says Right Property Group buyers agent Victor Kumar.

Apr, 2018

Little spends $19.1 million on mixed-use project

Property Markets / Planning, Zoning, Infrastructure

Real estate developer Paul Little has paid $19.1 million via his business Little Projects, for a 28 hectare site in Melbournes Cranbourne West, in partnership with development and advisory firm Pomeroy Pacific.

Apr, 2018

Housing affordability depends on new homes, says HIH

Property Markets / Outlook

Housing affordability will get worse without new homes being built at record levels, annually for the next 30 years, according to new research by the Housing Industry Association.

Apr, 2018

Stamp duty cuts making things harder for some first-home buyers

Property Markets / Planning, Zoning, Infrastructure

Stamp duty cuts made by the Victorian and NSW government last year to help first home buyers are having the opposite effect, pushing house prices higher.

Apr, 2018

Student accommodation developers zone in on Burwood

Property Markets / Transactions

Savills Australia sells 2,122sqm block of land opposite Deakin University

Apr, 2018

Melbourne pips Sydney as top Australian city for investment

Property Markets / Outlook

Melbourne has pipped Sydney as the top Australian city for investment in the Asia Pacific region coming second only to Tokyo as the preferred destination for commercial property investors.

Apr, 2018

Investors shift attention from Sydney to Melbourne industrial assets

Property Markets / Outlook

Savills Australia releases Q1 2018 National Industrial Quarter Time report

Apr, 2018

Office fringe markets in Sydney and Melbourne outperform CBDs

Property Markets / Outlook

Savills Australia releases Q1 2018 National Office Quarter Time report

Apr, 2018

Rare opportunity to acquire Auckland apartment hotel

Property Markets / Transactions

The Waldorf Stadium Apartment Hotel in the heart of Auckland CBD is on the market for sale through Colliers International Hotels and CBRE Hotels.

Apr, 2018

A strong start to 2018 for Australia?s office markets

Property Markets / Outlook

The leasing market recovery in Brisbane and Perth is starting to gather momentum

Apr, 2018

Broome Maccas sale to tap offshore investment appetite

Property Markets / Transactions

The first freehold McDonalds to be offered for sale in Western Australia for more than a decade has been brought to market unlocking a premium investment in one of the states top tourism spots, Broome.

Apr, 2018

Bottega on the menu for investors

Property Markets / Transactions

Savills Australia welcomes classic CBD freehold to market with expectations above $5million

Mar, 2018

Showground Station precinct project to include 3600 new dwellings

Property Markets / Planning, Zoning, Infrastructure

A 9-hectare residential development site in the freshly rezoned Showground Station Precinct will feature 3600 new dwellings, including 360 affordable apartments for purchase and another 360 for rental.

Mar, 2018

Arcadia spends $176 million on Sydney CBD half-stake.

Property Markets / Transactions

Credit Suisse has sold its half stake in 52 Goulburn Street to boutique investment house Arcadia for $176 million, while Brookfield retains the remaining half.

Mar, 2018

Industrial land in hot demand

Property Markets / Outlook

Industrial land values have risen by up to 37 per cent, as the demand for online goods drives buyers to distribution centres.

Mar, 2018

Martin Place to receive two new office towers

Property Markets / Planning, Zoning, Infrastructure

The NSW government has approved two new office towers at Martin Place, to be developed by Macquarie Group, despite objections from Dexus and GPT Group.

Mar, 2018

Australia sees record-breaking auction week

Property Markets / Transactions

Australia scheduled a record breaking 3967 auctions in one week, while clearance rates dropped from 67.5 per cent to 65.5 per cent.

Mar, 2018

Almost half of Sydney houses more than $1 million

Property Markets / Outlook

Million dollar homes are on the rise with new research showing that one in six houses, and one in ten units sold in Australia last year were above seven figures.

Mar, 2018

Australian population to hit 25 million

Property Markets / Outlook

Australias total population grew 1.6 per cent over 12 months to 24.7 million, putting the country on track to top 25 million in July.

Mar, 2018

First build-to-rent project comes to Sydney

Property Markets / Outlook

Sydney will receive its first built-to-rent project, with Fortis Development Group launching the construction of 17 new apartments for rental in the eastern suburb of Double Bay.

Mar, 2018

HNA Group to sell Chinese properties, amid debt struggles

Property Markets / Transactions

HNA Group Co will sell a number of its properties as it struggles to repay debts, according to sources.

Mar, 2018

North Sydney office tower set to sell for $60 million

Property Markets / Outlook

Chinese backed local developer and investor Aqualand has sold its North Sydney office tower for $60 million, with the sale due for completion at the end of the week.

Mar, 2018

Logos marks Yennora divestment with $14.15m sale

Property Markets / Transactions

Logos has capitalised on strong owner occupier demand in Sydneys shrinking infill locations, divesting a circa 8,800 sqm facility in Yennora for $14.15 million.

Mar, 2018

A New Parramatta Icon

Property Markets / Planning, Zoning, Infrastructure

Basement excavation has bottomed out and the only way is up for The Lennox Parramatta.

Mar, 2018

Lendlease Fund and First State Super acquire Two Melbourne Quarter, new anchor tenant signs

Property Markets / Transactions

The Australian Prime Property Fund (APPF) Commercial, managed by Lendlease Investment Management, has joined one of Australias largest superannuation funds, First State Super, to jointly acquire Two Melbourne Quarter, a next-generation office building located in the Melbourne Quarter precinct. A development agreement has been signed with Lendlease Development to build the tower.

Mar, 2018

Private interstate investor snaps up Coles Riverton, Perth

Property Markets / Transactions

A private interstate investor has snapped up a strong-performing Coles supermarket and First Choice Liquor store, just 10 kilometres south-east of the Perth CBD, for $31.95million from Coles Group Property Developments Ltd (CGPD) on a 5.29 per cent net yield.

Mar, 2018

Making retail convenient for Sydney Metro customers

Property Markets / Planning, Zoning, Infrastructure

Sydney Metro is delivering eight new metro stations and 4,000 commuter car parking spaces to Sydneys growing North West region.

Mar, 2018

APD powers in to new space on the Terrace

Property Markets / Transactions

In another major win for 200 St Georges Terrace, APD Power Engineering has pre-leased a whole floor on the 16th level to accommodate its Perth operations.

Mar, 2018

APD powers in to new space on the Terrace

Property Markets / Transactions

In another major win for 200 St Georges Terrace, APD Power Engineering has pre-leased a whole floor on the 16th level to accommodate its Perth operations.

Mar, 2018

Shopping Centres back across Australia

Property Markets / Outlook

Three new or overhauled shopping centres are scheduled to open in Queensland, New South Wales and Western Australia, backed by Australia's biggest landlords.

Mar, 2018

Developers working with buyers on settlements

Property Markets / Outlook

Apartment developers will work closely with their buyers to held them settle, amid Australian credit curbs and tighter controls on getting funds from China.

Mar, 2018

Office development may go ahead without precommitment

Property Markets / Planning, Zoning, Infrastructure

With Melbournes office market in high demand, Poly Australia is expected to develop a Docklands office building without precommitment from a major tenant.

Mar, 2018

Triguboff remains confident in Sydneys unit market, with $80 million purchase

Property Markets / Transactions

Developer Harry Triguboffs Meriton Apartments has bought a Zetland site for $80 million, which could accommodate 300 apartments.

Mar, 2018

Cbus pays record breaking price for Melbourne site

Property Markets / Transactions

Cbus Property has spent $180 million on four sites in Melbourne CBD, in what could be the highest paid price for a city development site.

Mar, 2018

Sydneys east in high demand

Property Markets / Transactions

An office warehouse at 63 Ann Street, Surry Hills is the latest sale in more than $95 million worth of commercial transactions in Sydneys east over recent months.

Mar, 2018

Super-tall tower coming to George Street

Property Markets / Planning, Zoning, Infrastructure

A 260-metre apartment tower will be built on Sydneys George Street, developed by Mirvac and Coombes Property Group.

Mar, 2018

Rezoning could fetch an extra $50 million for Crows Nest sites

Property Markets / Planning, Zoning, Infrastructure

Two strata office buildings near the future Crows Nest metro station in Sydneys lower north shore could fetch up to $150 million, with the properties owners actively seeking buyers.

Mar, 2018

Allianzs exit leaves Charter Hall poised for takeover of $600 million tower

Property Markets / Transactions

Charter Hall Group will take full control of a Market Street tower, valued at almost $600 million, purchasing the half it doesnt yet own from insurance group Allianz.

Mar, 2018

Top-tier shopping centres outperform the rest, as rental landlords fight online shopping

Property Markets / Outlook

Retail landlords are relying on restaurants, massage parlours and other experiences that can?t be bought online in an attempt to keep shoppers from choosing the internet over real-world shopping.

Mar, 2018

Developers compete for historic London regeneration project

Property Markets / Planning, Zoning, Infrastructure

Lendlease and the UKs Morgan Sindall Group will compete to partner with British Housing Association Peabody to support the Waterfront phase of the Thamesmead precinct.

Mar, 2018

Ashe Morgan sells one and buys two

Property Markets / Transactions

In a flurry of pre-Christmas activity last year, real estate investment and advisory group Ashe Morgan followed the sale of its mixed use asset in Fortitude Valley, Brisbane and its acquisition of two commercial office towers in the Brisbane CBD, with the acquisition of a premium commercial office asset in the centre of the Sydney CBD.

Mar, 2018

Centuria in talks with e-Shang Redwood regarding possible Propertylink takeover

Property Markets / Transactions

Centuria Capital Group has confirmed it held talks with e-Shang Redwood Group which could see Propertylink Group taken over.

Mar, 2018

Noah Holdings launches first Australian office

Property Markets / Outlook

Noah Holdings has flagged plans to invest up to $2 billion in Australian private equity deals, following the Chinese high-net-worth wealth manager?s Australian launch.

Mar, 2018

Greystar boss hopeful for change in build-to-rent draft laws

Property Markets / Planning, Zoning, Infrastructure

US-based developer Greystar?s Australian head hopes the federal government will reconsider draft laws impacting the build-to-rent sector.

Mar, 2018

Park Sydney residential may become build-to-rent

Property Markets / Planning, Zoning, Infrastructure

One of the residential buildings at Park Sydney may be turned into build-to-rent apartments, by developers Greenland and Golden Horse.

Mar, 2018

SB & G Hotel Group edging closer to its $1 billion portfolio target

Property Markets / Transactions

SB & G Hotel Group, backed by Atlas Capital, has bought the Gold Coast and Brisbane Watermark hotels, in a deal worth more than $100 million.

Mar, 2018

Private owners battle the government over compulsory acquisition values

Property Markets / Planning, Zoning, Infrastructure

Two private land owners are fighting the NSW government over properties on land allocated for use as part of the WestConnex infrastructure construction.

Mar, 2018

Chinese commence slow return to bottomed apartment market.

Property Markets / Outlook

The apartment market has bottomed, says Meriton Group owner, billionaire Harry Triguboff, as the group finalises the purchase of another inner-city parcel.

Mar, 2018

South Sydney industrial site sells for $72.4 million

Property Markets / Transactions

Industrial developer and investor Logos bought a south Sydney warehouse industrial site, paying $72.4 million for the Banksmeadow property.

Mar, 2018

Bacchus Marsh town centre hits the market

Property Markets / Transactions

The Village Bacchus Marsh has entered the market, after being listed by property group Abacus.

Mar, 2018

Central Station to receive $955 million upgrade

Property Markets / Planning, Zoning, Infrastructure

A $955 million contract to renew Sydneys Central Station has been given to engineering firm Laing ORourke.

Mar, 2018

Prime island Darlinghurst sells at auction $13.75 million

Property Markets / Transactions

A prime island site at 256 Crown Street, Surry Hills went to Auction on March 7, via Ray White Commercial NSW Sydney City Fringe.

Mar, 2018

Evolution of Sydneys North Shore sees APIL and Wingate capitalise on back of new infrastructure

Property Markets / Planning, Zoning, Infrastructure

The settlement of an A Grade commercial building in St Leonards has occurred with aconsortium of three groups comprising Arrow Property Investments, Pindan Capital and Starwood securing a seven storey, A grade commercial building in St Leonards for in excess of $160 million from joint vendors APIL and Wingate.

Mar, 2018

"Built-to-rent" will work in Australia, says Greystar boss

Property Markets / Transactions

The managing director of Greystar Asia Pacific and Australia said doubters of ?build-to-rent? would be proven wrong, following high profile speculation about the viability of the concept in Australia.

Mar, 2018

Large Preston industrial site sells for record land rate

Property Markets / Transactions

Point Property Group has acquired a vacant industrial land parcel at Preston for $8,610,000 representing a record land rate for the suburb of $633 per square metre.

Mar, 2018

Walking distance to Coogee beach - mixed-use block enters market

Property Markets / Transactions

A mixed use apartment block, within walking distance to Coogee Beach, has entered the market, with CBRE as the exclusive selling agent.

Mar, 2018

Improved planning would improve housing affordability

Property Markets / Outlook

An efficiency dividend of $360 million per year, is the likely outcome if a more streamlined planning system to deal with large-scale residential developments was introduced.

Mar, 2018

Queensland shopping centre bought by Brisbane firm.

Property Markets / Planning, Zoning, Infrastructure

The Cooloola Cove shopping centre, north of the Sunshine Coast sold for $12.85 million, following a deal between Brisbane-based private equity and syndication firm Altor Capital and a private vendor from Sydney.

Mar, 2018

Sydney property market a hive of activity

Property Markets / Transactions

A flurry of activity outside of Sydney's CBD has seen the sale of two separate retail outlets in Ashfield, the Engadine Tavern listed for sale in Sydneys south and a potential blank development site in Mascot enter the market.

Mar, 2018

More than $150 million expected for Sydney tower

Property Markets / Transactions

A new-to-market office tower at 117 Clarence Street in the Sydney CBD is expected to sell for more than $150 million.

Mar, 2018

Education levels determine locale, demographer says

Property Markets / Outlook

According to demographer Bernard Salt, a persons level of education will determine where they purchase real estate and reside.

Mar, 2018

Blackstone doubles its money following Fortius $140 million purchase

Property Markets / Transactions

Global investment company Blackrock has backed the purchase of the Home HQ Artarmon homemaker centre in Sydneys northern suburbs by Fortius Funds Management.

Mar, 2018

Vaucluse apartment block enters the market

Property Markets / Transactions

Positioned in an exclusive blue ribbon location, 8 Marne Street offers water views in the sought-after suburb of Vaucluse.

Mar, 2018

EOI called for new community around Sydney Metro Northwest

Property Markets / Planning, Zoning, Infrastructure

Landcom is calling for Expressions of Interest to create new communities around Sydneys new metro stations in the citys northwest.

Mar, 2018

Marr family nabs Double Bay asset for $14.7 million

Property Markets / Transactions

Premium eastern suburbs freehold asset purchased at auction following first time to market

Mar, 2018

Prestige meets old world charm - 179 Hyde enters the market.

Property Markets / Transactions

Savills and Colliers International have been appointed exclusive agents for 179 Hyde, set on the exclusive dress circle of Hyde Park.

Mar, 2018

Joint venture leads to $78 million North Sydney sale

Property Markets / Transactions

Sydney-based Marprop has joined forces with GLL, a German-based funds manager recently acquired by Macquarie Group, to purchase a North Sydney tower for close to $78 million.

Mar, 2018

Melbourne Quarter tops out first office tower

Property Markets / Technology

Lendlease?s urban regeneration development Melbourne Quarter has celebrated the topping out of One Melbourne Quarter, with the precinct also receiving the highest available rating for sustainability in Australia.

Mar, 2018

End of an era following sale of historic Pitt Street building

Property Markets / Transactions

After more than 150 years, the Soul Pattinson pharmacy will close its doors following Sydney businessman Victor Comino?s purchase of the Pitt Street Mall building, adding to his $300 million holdings.

Mar, 2018

Roxy Pacific and Tong Eng Group capitalise on strength of Sydney CBD market

Property Markets / Transactions

The impact of recent stock withdrawals for residential conversion and the Sydney Metro has led to unprecedented demand for B Grade office space in the Sydney CBD.

Feb, 2018

Cushman Wakefield report dramatic fall in Chinese investment

Property Markets / Outlook

According to Cushman & Wakefield's annual China Outbound Investor Intentions Survey, Chinese outbound investment into Australian commercial property has seen a 60 percent drop over the past year, falling from almost $7 billion to $2.83.

Feb, 2018

House price growth set to moderate, not fall.

Property Markets / Outlook

Low interest rates will prevent abrupt fall in house price growth, though moderation is likely.

Feb, 2018

High growth expectations for Alexandria, with development of commercial hub.

Property Markets / Transactions

Sydneys Alexandria will continue its transformation from an industrial suburb to a commercial hub, as property investor and developer Tipalea Partners purchase its second site

Feb, 2018

Prime location - Glebe apartment building hits the market.

Property Markets / Transactions

One of the inner Sydney?s most desirable apartment buildings has entered the market. With its renowned architectural design and landmark characteristics, Ravenscourt provides a unique opportunity for investors to acquire prime single ownership.

Feb, 2018

Inner-city Sydney sales activity abuzz, following $90.8 million sale

Property Markets / Transactions

A 12-storey tower in Elizabeth Street three has sold for $90.8 million, earnings its owners a $45 million profit.

Feb, 2018

Metro snaps up Naremburn residential site

Property Markets / Transactions

Metro Property Development (Metro) has bolstered its New South Wales landbank, acquiring a 1,320 square metre residential development site on Sydneys lower north shore.

Feb, 2018

Goldman considering re-allocating $1.8 billion away from its London-based headquarters

Property Markets / Transactions

Goldman Sachs may sell and leaseback its new European headquarters, ahead of next year's scheduled move, with reports the building's sale could garner more than $1.8 billion.

Feb, 2018

Bank of America- Merrill Lynch backs the next property cycle

Property Markets / Outlook

Economists say the stage is being set for the next property cycle, warning the risks of under-supply are gathering force. This comes despite a record number of new apartments expected to hit the market this year.

Feb, 2018

Room to breathe and space to grow: Granville deliver something truly special in Sydney's West.

Property Markets / Planning, Zoning, Infrastructure

Granville Place, the $400M joint venture mixed-use development in Sydney?s West by SHOKAI Ausbao and Develotek is launching this March and set to be one of the most desireable residential addresses in Sydney?s West.

Feb, 2018

Vacancy rates tighten in Wollongong office market - St Trinity

Property Markets / Transactions

Infrastructure and environmental services company, Cardno and Stockbroking and Wealth Management firm Morgans Financial take up a total of 1400sqm in separate deals at Crown Wollongong

Feb, 2018

Burgess Rawson February Auction Results

Property Markets / Transactions

Burgess Rawson's February 2018 auction results reflected a total of just over $46.5 million in gross sales revenue, an 85% clearance rate or 15 from 18 listings sold.

Feb, 2018

Work to commence on Pentridge Shopping Center

Property Markets / Planning, Zoning, Infrastructure

The transformation of one of Australias most iconic former prisons into a new age urban village will commence this month, with construction work to begin on the 167-year-old Pentridge Prison.

Feb, 2018

Hampton leasehold has 3 frontages and develop potential

Property Markets / Transactions

Teska Carson (9421 7000) is marketing a corner investment property with potential development upside at Hampton in Melbournes south-eastern bayside suburbs. The property will be auctioned on Friday, March 16 at 1pm on site.

Feb, 2018

Eyewatering site for developers at St Kilda

Property Markets / Planning, Zoning, Infrastructure

Esplanade site has permit for 25,581sqm resi project

Feb, 2018

Pipe Road popular haven for industrial occupiers

Property Markets / Planning, Zoning, Infrastructure

E-bay powerhouse, Princess Trade, has secured a new warehouse facility in Melbourne industrial hotspot, Laverton North.

Feb, 2018

Rushy Lagoon sale provides generational opportunity to secure Tasmanias largest farm

Property Markets / Transactions

CBRE Agribusiness has been appointed to market for sale Tasmanias largest farm boasting four dairies and sprawling more than 20,000ha in the states north east.

Feb, 2018

Transport and logistics fuel Melbournes industrial leasing market

Property Markets / Outlook

Savills Australia releases Q4 2017 Industrial Briefing

Feb, 2018

Grocon takes $40m loan to finance Barangaroo venture

Property Markets / Planning, Zoning, Infrastructure

Embattled private developer Grocon made a loss of $27.5 million last year, prompting it to take out a $40 million loan secured against future development fees prior to winning the development rights for Sydneys Barangaroo Central.

Feb, 2018

Mascot leading the charge for new-look offices

Property Markets / Planning, Zoning, Infrastructure

Mascot, is emerging as the latest office hot spot in Sydney's metropolitan market as the area moves away from being focused on airport-related industries.

Feb, 2018

Bluestone townhouses reflect Fitzroy's past

Property Markets / Planning, Zoning, Infrastructure

Architects working in heritage-listed streetscapes are generally hesitant to design anything too confronting.

Feb, 2018

Mirvac says housing headed for lower prices and volume growth

Property Markets / Outlook

Mirvac, one of the country's biggest residential developers, has said the housing sector is at the mature end of the housing cycle and is heading into a phase of lower prices and volume growth.

Feb, 2018

Developer pays $2.125m for Parkdale apartment site

Property Markets / Transactions

A local developer has outbid several others to land a Parkdale site, with a permit for a multi-unit residential development, at a lively Teska Carson auction.

Feb, 2018

Mt Eliza retail sells 30% over reserve

Property Markets / Transactions

Four bidders have pushed the price of a securely leased, freehold retail investment at Mt Eliza to nearly 30 per cent over the vendors reserve, at a lively Teska Carson auction.

Feb, 2018

Aria Hotel sale caps off strong year for stand-out Canberra market

Property Markets / Transactions

Canberras hotel market continues to gain momentum as the nations stand out performer, with the sale of the Aria Hotel for $35 million capping off a strong year of sales activity for the nations capital.

Feb, 2018

Commercial, government construction in U.S. to accelerate through 2019

Property Markets / Outlook

According to American Institute of Architects, despite labor shortages and rising material costs that continue to impact the construction sector, construction spending for nonresidential buildings in the U.S. is projected to increase 4% this year and continue at that pace of growth through 2019.

Feb, 2018

Market Wrap: Chinatown's Teahouse toasts new owner in $3m deal

Property Markets / Transactions

A popular Chinese restaurant in the tightly-held Chinatown precinct, under the same ownership for almost two decades, has sold for $3.106 million.

Feb, 2018

CBRE invests in a new digital and technology center in India for real estate sector

Property Markets / Technology

Next generation software engineering hub is CBRE's first dedicated Real Estate Technology Center in Asia Pacific Facility integrates CBRE 360, an industry-leading digital experience connecting employees and their workplaces through advanced and seamless digital technology

Feb, 2018

Landlords in sweet spot as office vacancies hit record low

Property Markets / Outlook

National office landords are in a sweet spot with record low vacancies and rising demand, which means higher rents for tenants.

Feb, 2018

Collingwood site has 21 apartment permit

Property Markets / Planning, Zoning, Infrastructure

Teska Carson (9421 7000) is marketing a Melbourne CBD fringe development site with a permit for a mixed use development, located at Collingwood, arguably one of Melbournes most sought after inner-city suburbs.

Feb, 2018

Chapel Street strata retail sells on 4.9% yield

Property Markets / Transactions

A Melbourne based investor has paid $2.1 million for a securely leased retail/residential investment on one of Melbournes prime retail strips at Windsor in Melbournes popular inner-eastern suburbs.

Feb, 2018

Hawksburn retail offered first time in 60 years

Property Markets / Planning, Zoning, Infrastructure

Teska Carson (9421 7000) is marketing an outstanding retail investment opportunity within the very tightly held Hawksburn Village, at Toorak in Melbournes inner east. The property will be auctioned on Wednesday, February 28 at 1pm on site.

Jan, 2018

CBD tenant migration limited by tight vacancy

Property Markets / Outlook

Savills Australia predicts landlords office leasing market for Melbourne in 2018, 2019

Jan, 2018

Art and design collaboration brings One Sydney Park display suite to life

Property Markets / Planning, Zoning, Infrastructure

Leading local developer, HPG Australia, has gone the extra mile in linking its flagship One Sydney Park development in Alexandria to the surrounding environment, with the commissioning of a stunning art installation by St Peters-based artist Garth Knight for the projects display suite.

Jan, 2018

CanTeen snaps up Trocadero for $13m

Property Markets / Transactions

After 40 years as a popular music venue, the Trocadero in Newtown has a new owner, CanTeen, the not-for-profit group supporting young people impacted by cancer, which paid $13 million for the site, which also includes the Acad?Â©mie De Musique.

Jan, 2018

Metro launches new Kellyville Estate

Property Markets / Planning, Zoning, Infrastructure

Metro Property Development (Metro) is set to launch Sierra Residences, a new residential estate in Kellyville in Sydneys north-west.

Jan, 2018

GM Property sells to Forza for $31.5million

Property Markets / Transactions

Perth based GM Property Group has sold a major Blackburn industrial asset to property investment group Forza Capital for $31.5 million on a passing yield of 6.6 per cent in the first significant industrial deal of the new year.

Jan, 2018

Home sales fell back across most of the US in December 2017

Property Markets / Outlook

Existing home sales fell back in most parts of the United States in December but overall still increased by 1.1% year on year and 2017 was the best year since 2006, the latest index shows.

Jan, 2018

Abu Dhabi property prices fall most in world

Property Markets / Outlook

Abu Dhabi's real estate market saw the biggest decline in property prices in the world in 2017, according to a new report.

Jan, 2018

Latest tower to plunge South Perth residents into darkness

Property Markets / Planning, Zoning, Infrastructure

Another fight has erupted in the high-density battleground of South Perth, this time over a proposal for a 33-storey tower, set to wall in the three-storey block of flats next door.

Jan, 2018

A Rich Melange of Architecture at RMIT's new academic street

Property Markets / Planning, Zoning, Infrastructure

RMIT Universitys city campus, known as the "new academic street", has a m?Â©lange of some of Melbournes great architectural practices, from the past to the present.

Jan, 2018

Is Chinas housing market about to crash?

Property Markets / Outlook

Chinese home prices are starting to fall amid new government restrictions, and some observers worry that homeowners overloaded with debt could run into trouble.

Jan, 2018

China's Wanda confirms sale of Australian property assets

Property Markets / Transactions

One of China's biggest property developers, Wanda, has said it has disposed of its flagship Australian property assets.

Jan, 2018

Home loan values lift 2.3 per cent in November, boosted by first home buyers

Property Markets / Outlook

The proportion of first home buyers entering the property market has reached its highest level in five years after state and federal government intervention lifted the market out of a near-all-time low a year ago.

Jan, 2018

Crown Group to create another modern village with Eastlakes Live

Property Markets / Planning, Zoning, Infrastructure

$1B Revitalization of Eastlakes Local Town Centre to include 500 apartments and new shopping and restaurant precinct

Jan, 2018

Developers will fork out over $20 million for Hannahs Pies

Property Markets / Transactions

Ultimo site in education precinct up for auction as the pie business goes global

Jan, 2018

Commercial property market in Europe starts 2018 on a positive note

Property Markets / Outlook

European commercial property markets have a positive momentum at the start of 2018 with provisional data for 2017 suggesting that investment volumes were higher than in 2016.

Dec, 2017

7 proptech trends to watch out for in 2018

Property Markets / Technology

Asia Pacific is now the world's largest testing ground for real estate technology.

Dec, 2017

Google for Entrepreneurs partners with Thailand's leading co-working space

Property Markets / Technology

Google for Entrepreneurs announced today its partnership with HUBBA, Thailand's longest-running, largest co-working space.

Dec, 2017

Knight Frank Makes 2018 Commercial Market Predictions for U.K.

Property Markets / Outlook

This week global real estate consultant Knight Frank made its UK commercial real estate predictions for 2018.

Dec, 2017

Industrial Real Estate Being Added to Global Investors' Portfolios

Property Markets / Outlook

According to global property advisor CBRE, strong international investor appetite for logistics real estate fuelled by e-commerce growth and demand for last-mile logistics, combined with an abundance of institutional capital in the global market, is driving increased investment in the sector that is expected to continue in 2018.

Dec, 2017

Bankstown's $55 million Flinders Centre upgrade takes shape

Property Markets / Planning, Zoning, Infrastructure

Bankstown Sports Club, in conjunction with the project's managing contractor, Paynter Dixon, has completed Â the structural phase of the new Flinders Centre Bankstown, with the $55 million project on schedule for a mid-2018 grand opening. Â

Dec, 2017

2018 expected to be the year Sydney's office vacancy will tighten to lowest level since the 2000 Olympics

Property Markets / Outlook

2017 has been an interesting year for the Sydney CBD office market. JLL research recorded the lowest vacancy rate (6.0%) in 3Q17 since the first quarter of 2008 when it was 5.7%.

Dec, 2017

Interstate, offshore players turn their attention to South Australia

Property Markets / Outlook

Savills Adelaide comments on the year that was 2017 for commercial property

Dec, 2017

Hickory takes a risk on South Melbourne spec project

Property Markets / Planning, Zoning, Infrastructure

The Hickory Group is moving swiftly on plans to build a 10,200-square-metre, $50 million office building in South Melbourne despite having no committed tenant.

Dec, 2017

Lendlease's Barangaroo set to export water

Property Markets / Planning, Zoning, Infrastructure

Its offical, the Barangaroo precinct has its own eco system.

Dec, 2017

Aoyuan International reports $100M in site acquisitions including new land play

Property Markets / Planning, Zoning, Infrastructure

Aoyuan International has rounded out 2017 finalisingÂ three acquisitions valued at more than $100M, further entrenching itself in theÂ Australian market and indicating plans to diversify beyond apartments.

Dec, 2017

Disrupportunity: The robots are coming

Property Markets / Technology

A recent episode of Four Corners on the ABC covered the issue of robotics, with the implication that there could be profound changes in the way we work and live in the future. But robotics is just one type of change that is upon us, and not even the most immediate. Â

Dec, 2017

Government makes school-for-cash deal in Truganina

Property Markets / Planning, Zoning, Infrastructure

The Andrews government has struck a landmark deal with developer Villawood, swapping a cash contribution to its infrastructure fund for a 3.5-hectare school site in Truganina.

Nov, 2017

14-storey commercial tower to revitalise heritage Brisbane hotel

Property Markets / Planning, Zoning, Infrastructure

A 14-storey commercial tower has been proposed as part of an effort to rejuvenate a heritage-listed Brisbane hotel.

Nov, 2017

Naked for Satan expands trendy Fitzroy tavern

Property Markets / Planning, Zoning, Infrastructure

Trendy Melbourne bar Naked for Satan has won the right to almost double its capacity and expand into a neighbouring building, opening another Naked in the Sky venue. Â

Nov, 2017

Government surplus land sales net $31 million

Property Markets / Transactions

The Department of Health and Human Services has offloaded a large site in Oakleigh to a developer for $9.13 million as the state government continues its massive surplus land divestment program. Â

Nov, 2017

Major overhaul announced to NSW planning laws

Property Markets / Planning, Zoning, Infrastructure

The biggest changes in 40 years to the Environmental Planning and Assessment Act 1979 (EP&A Act) have just been passed by the NSW parliament, and have been designed, says the state government, to make urban planning better tie in with community needs.

Nov, 2017

Myer family sells St Kilda Road office for $77 million

Property Markets / Transactions

The Myer family has sold a seven-level office on Melbourne's premier leafy boulevard St Kilda Road to acquisitive Singaporean Tong Eng Group for close to $77 million. Â

Nov, 2017

Cafe gold strikes in Abbotsford

Property Markets / Planning, Zoning, Infrastructure

The atomic symbol for gold, AU79, is the name of a cafe in Nicholson Street, Abbotsford which has put the shine on the tree-lined street.

Nov, 2017

Australia's childcare sector grows up

Property Markets / Outlook

A significant jump in the number of childcare centres being developed and sold has not diminished investor appetite with yields tightening across the sector, research from Burgess Rawson shows. Â

Nov, 2017

Landlords proactively targeting smaller tenants

Property Markets / Outlook

The increase in small to medium-sized businesses in capital cities has seen a rise in demand for landlords to split floors and accommodate these tenancies.

Nov, 2017

Sydney councils still not in the zone in housing delivery. Undersupply will create long term upward pressure on house prices

Property Markets / Planning, Zoning, Infrastructure

New home construction is crucial to the state's economic fortunes as it underpins growth, jobs and affordability.

Nov, 2017

Elermore Shopping Centre sold for $18m

Property Markets / Transactions

The Bamm Group, owners of the Elermore Shopping Centre, have sold their neighbourhood mall in Newcastle to a private syndicate for $18 million, seven years after first buying and then redeveloping the site.

Nov, 2017

Melbourne's office market outperforms

Property Markets / Outlook

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.

Nov, 2017

Melbourne can't wait for its new CBD park so it opts for a pop-up

Property Markets / Planning, Zoning, Infrastructure

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.

Nov, 2017

Guangzhou Rises to top of global luxury real estate market

Property Markets / Outlook

Russia has worst performing high-end market this year, Knight Frank finds

Nov, 2017

Construction work picks up for a ninth straight month

Property Markets / Planning, Zoning, Infrastructure

CONSTRUCTION work across the nation has picked up for a ninth straight month, according to new figures.

Nov, 2017

Industrial spec developments gathering pace

Property Markets / Planning, Zoning, Infrastructure

Developers are now meeting the demand for industrial property by constructing speculative sites then offering them for lease once completed.

Nov, 2017

Crane numbers soar to new heights in Melbourne

Property Markets / Planning, Zoning, Infrastructure

If the field of cranes dominating Melbourne's skyline is any indication, the apartment construction boom is continuing unabated. Â

Nov, 2017

Li Ka-Shing sells Hong Kong office tower for $5.2 Billion

Property Markets / Transactions

Li Ka-shing's CK Asset Holdings has just sold his interest in The Center, the fifth-tallest building in Hong Kong, for $5.2 billion.

Oct, 2017

Landlords turn building foyers into cafes

Property Markets / Planning, Zoning, Infrastructure

Landlords are cashing in on Melbourne's thriving cafe culture by transforming their ground floor foyers into retail venues.

Oct, 2017

Multiple servos sell in portfolio auction

Property Markets / Transactions

Three service stations and a bank-leased building have sold for $14.4 million in the latest portfolio auction conducted under the banner of Cushman & Wakefield. Â

Oct, 2017

Burwood mixed-use site adds to Parramatta Road amenity improvement program

Property Markets / Planning, Zoning, Infrastructure

A mixed-use development site within the Parramatta Road Precinct, Burwood, is the latest to test market interest for combined lots, with price indications said to be more than $20 million.

Oct, 2017

Brighton Le Sands seeks parking solution

Property Markets / Planning, Zoning, Infrastructure

Bayside Council has launched a public campaign through Robert Lowe from Savills Australia to find a property solution to the parking shortfall in Brighton Le Sands, which may incorporate the council car park at 1-7 The Boulevarde.

Oct, 2017

Hotels find new frontier in the suburbs

Property Markets / Planning, Zoning, Infrastructure

QIC's freshly revamped $1.2 billion Eastland in Ringwood has beaten rival behemoth Chadstone to open the first Victorian hotel on top of a shopping centre. Â

Oct, 2017

Investment in South East of England office market at highest volume since 2013

Property Markets / Planning, Zoning, Infrastructure

Investment volumes in the South East of England office market reached Â£1.3 billion in the third quarter of 2017, the highest quarter on record since 2013, the latest index shows.

Oct, 2017

Blackstone Seeks $10 Billion for Infrastructure

Property Markets / Planning, Zoning, Infrastructure

Blackstone Group LP, the private equity giant withÂ ambitionsÂ for the largest-ever infrastructure fund, is seeking as much as $10 billion to supplement a $20 billion anchor commitment for the pool before it starts investing, people with knowledge of the plans said.

Oct, 2017

Developers battle minister over shade in city park

Property Markets / Planning, Zoning, Infrastructure

A joint venture between a Melbourne and Malaysian developer will take Victoria's planning minister to the appeals tribunal after he cut the height of a proposed city skyscraper to limit overshadowing of a popular riverside city park.

Oct, 2017

Ambitious plans to revamp popular Jam Factory

Property Markets / Planning, Zoning, Infrastructure

The popular, but rundown, Jam Factory restaurant and entertainment precinct in Melbourne's South Yarra will be gutted and rebuilt as a glitzy 15-storey, $1.25 billion retail and office complex under ambitious plans put forward by owner Newmark Capital.

Oct, 2017

Merivale moves in Marrickville buying Vic On The Park

Property Markets / Transactions

Justin Hemmes continues to conquer outside of the CBD and the east.

Oct, 2017

City fringe assets in hot demand

Property Markets / Planning, Zoning, Infrastructure

Investors are expected to pump more than $170 million into the city fringe sector through the sale of development sites and office towers. Â

Oct, 2017

Largest shed in southern hemisphere gets 6 Green Stars for environmental features

Property Markets / Technology

One of the largest sheds in the southern hemisphere, a half-a-kilometre-long storage and distribution facility the size of eight MCG playing fields, has won a 6 Star Green Star As Built rating. Â

Oct, 2017

Midtown's walkability impresses Oklahoma mayor known for transforming city

Property Markets / Planning, Zoning, Infrastructure

The Oklahoma City mayor who became famous for using urban design to help his town lose a million pounds offered praise Wednesday for Omaha's strides in walkable redevelopment.

Oct, 2017

Glorious Sun rises over St Kilda Road office tower

Property Markets / Planning, Zoning, Infrastructure

An eight storey office tower on Melbourne's premier St Kilda Road boulevard has been snapped up by Hong Kong conglomerate Glorious Sun. Â

Sep, 2017

Australia ranks in top 10 in global Skyscraper Index

Property Markets / Outlook

Sydney and Melbourne rank high in the latest global Skyscraper Index, coming in at sixth and 15th respectively, according to Knight Frank's Global Cities 2018 report.

Sep, 2017

Historic bluestone CBD building sells for $2.3m

Property Markets / Transactions

A rare, free-standing, two-level, bluestone building at 375 Queen Street, opposite the Queen Victoria Market, sold under the hammer for $2,325,000 achieving $6643 per sq m. Colliers International's Oliver Hay, Daniel Wolman and David Sia in conjunction with Knight Frank brokered the deal.

Sep, 2017

Legal group bought low, selling into surging market

Property Markets / Transactions

Surging CBD property values have motivated legal training organisation, the Leo Cussen Institute of Law, to put its freehold building up for sale.

Sep, 2017

Broadway development site comes to market

Property Markets / Planning, Zoning, Infrastructure

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.

Sep, 2017

Byron Bay $120m resort construction wraps up

Property Markets / Planning, Zoning, Infrastructure

The $120 million upgrade of the Elements of Byron beachfront resort in Byron Bay has been completed with 99 new villas to open on September 29. Â

Sep, 2017

Hardware Lane's Cyclone House sells for $6.71m

Property Markets / Transactions

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.

Sep, 2017

Byron Bay's Beach Hotel sells for $70 million

Property Markets / Transactions

The Byron Bay Beach Hotel, developed by John Cornell, known as "Strop" in his television days on the Paul Hogan show, has sold for $70 million to Melbourne-based investors.

Sep, 2017

Hyde Park Dress Circle taking shape in Sydney CBD

Property Markets / Planning, Zoning, Infrastructure

It has been dubbed the Hyde Park Dress Circle where multi-billions worth of developments are under construction or in the approval stage and once completed will transform the eastern corridor of the Sydney CBD. Â

Sep, 2017

George Street cements its status as Sydney's technology hub

Property Markets / Technology

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.

Sep, 2017

Investors tipped to snap-up North Sydney site

Property Markets / Planning, Zoning, Infrastructure

Investors are circling the revitalised North Sydney office market as vacancy rates decline as new infrastructure developments absorb older properties.

Sep, 2017

DAs no longer at the mercy of Sydney Councils

Property Markets / Planning, Zoning, Infrastructure

In a major shift for development assessment, mandatory independent local hearing and assessment panels (IHAPs) will be introduced to Wollongong and Sydney metropolitan councils, to make decisions on development applications. This change aims to improve the efficiency and integrity of the determination process.

Sep, 2017

Abbotsford pub sells for $3.18m

Property Markets / Transactions

Inner-city pub transactions are picking up after a period of slow activity with the Park Hotel in Abbotsford selling for $3.18 million against a reserve of $2.25 million. Â

Sep, 2017

Box Hill Boom Continues with $13.5m Sale

Property Markets / Transactions

1653 sqm site â?? sold off-marketÂ

Aug, 2017

Another inner-city pub for sale

Property Markets / Transactions

A popular inner-city Melbourne pub, the East Brunswick Hotel, has hit the market.

Aug, 2017

Docklands picked for Australia's first Marriott in 20 years

Property Markets / Planning, Zoning, Infrastructure

Marriott International will open its first Australian new-build hotel in 20 years in Docklands followingÂ the Victorian Government's approval of Capital Alliance's mixed-use scheme this week.

Aug, 2017

Co-working space the new office market disrupter

Property Markets / Outlook

GPT Group and Blackwall are the latest ASX-listed companies to expand their footprints in the co-working office space, a sector identified as an integral part of an organisation's workplace strategy.

Aug, 2017

Investors pour $29b into commercial real estate bricks and mortar

Property Markets / Transactions

Investors have poured $29 billion into office, retail, industrial and hotel assets in the past year, with close to a third of the cash coming from overseas sovereign wealth funds and high net worth individuals.

Aug, 2017

More property set to transact on St Kilda Road

Property Markets / Transactions

Philanthropist and tech entrepreneur Malcolm Freake is set to offload a six-storey office tower in the St Kilda Road precinct, taking advantage of peaking demand for the boulevard's buildings. Â

Aug, 2017

Industrial players jostle for land

Property Markets / Planning, Zoning, Infrastructure

The price of industrial land in Melbourne's fringe suburbs has surged up to 20 per cent in some areas as the supply of ready-to-develop lots dries up. Â

Aug, 2017

Growthpoint nears 100% occupancy in its portfolio

Property Markets / Outlook

Industrial sites around Melbourne Airport continue to attract large logistics businesses with the latest, Direct Couriers, taking a 10-year and two-month lease at Growthpoint Properties Australia's site.

Aug, 2017

Asian investors heavily target US, UK and German commercial markets in 2017

Property Markets / Outlook

Commercial property investors are allocating more capital to real estate worldwide, with Asian investors now accounting for five of the 10 biggest cross-border spenders. Inter-regional investment reached $19.5 billion in Q2 2017.

Aug, 2017

Dubai posts USD106bn in transactions over 18 months

Property Markets / Transactions

Property handovers and off-plan unit transactions made the bulk of deals in the emirate.

Aug, 2017

Maribyrnong riverfront restaurant sells for $2.15m

Property Markets / Transactions

The ground-floor river frontage retail property at Shop G23, 55 Cumberland Drive sold for $2.15 million before auction to an overseas investor on a 5.4 per cent yield.

Aug, 2017

Historic Glenmore Meats site sells for $23.5 million

Property Markets / Transactions

The historic Glenmore Meats company at 40-46 Wentworth Park Road, Glebe has sold for $23,580,000 following a massive display of interest.

Aug, 2017

More beds on Royal Parade for students

Property Markets / Planning, Zoning, Infrastructure

The number of students beds will nearly triple at Whitley College in Parkville after private British operator GSA redevelops the site.

Aug, 2017

Industrial hotspots follow infrastructure upgrades

Property Markets / Planning, Zoning, Infrastructure

The $5 billion-plus of infrastructure across metropolitan Sydney has sparked a buying frenzy of so-called industrial hotspots, according to Knight Frank agents. Â

Aug, 2017

Charter Hall fund pays $115m for new office

Property Markets / Transactions

Charter Hall has expanded its footprint in Melbourne city, with the purchase of 990 La Trobe Street, for a $114.5 million, as part of the Motor Accident Commission portfolio disposal.

Aug, 2017

Builders rise to the challenge of raising 200m tower on netball court-size block

Property Markets / Planning, Zoning, Infrastructure

It's a piece of land the same size as a netball court but it'll soon have a needle-thin, 57-storey building rising from it.

Aug, 2017

Hong Kong real estate buyers snap up offices in London

Property Markets / Transactions

Commercial real estate buyers from Hong Kong are the most active in London, buying some Â£2.2 billion of offices over the first half of this year, new research has found.

Aug, 2017

Malacca port being redeveloped to rival Singapore

Property Markets / Planning, Zoning, Infrastructure

Malaysia eyes redevelopment of historic Malacca into a deep sea port, with some help from China amounting to billions of dollars in investment.

Jul, 2017

Deals and Deeds

Property Markets / Transactions

Property NSW has sold a 1.968 ha parcel of land at 28-50 Skipton Lane to Anvest Holdings. Robert Lowe and Eddie Petro, of Savills Australia.

Jul, 2017

Flammable building cladding will have to be removed, VBA says

Property Markets / Planning, Zoning, Infrastructure

All buildings that have used flammable cladding will need to have it removed, an operation likely to cost billions of dollars, the head of the Victorian Building Authority says.

Jul, 2017

Infrastructure key to balanced property investment

Property Markets / Planning, Zoning, Infrastructure

Having a balance of infrastructure and pure property real estate investment trusts in a portfolio will help even out the volatility and improve returns, according to a US-based specialist, Todd Canter. Â

Jul, 2017

Empire State Building owner to spend up to $150M on new observatory entrance

Property Markets / Planning, Zoning, Infrastructure

Meanwhile, Trump's visa policies mean fewer visitors from China, ESRT tells investors on earnings call.

Jul, 2017

Mirvac sells half-share in Olderfleet building to Singapore's Suntec

Property Markets / Transactions

Diversified property group Mirvac has sold a half share in its signature Olderfleet development in Melbourne at a benchmark price that will help re-rate premium office values in Australia's east coast office market.

Jul, 2017

Box Hill high-rise boom gathers pace with Whitehorse Road sale

Property Markets / Transactions

A string of strong sales in Box Hill show developers have turned their focus to Melbourne's eastern suburbs, dramatically bumping up land rates. Â

Jul, 2017

London office sales primarily driven by Hong Kong investors in 2017

Property Markets / Transactions

According to international real estate consultant Knight Frank, buyers from Hong Kong have purchased Â£2.2 billion ($2.86b USD) of office buildings in the City of London over the first half of the year.

Jul, 2017

Fastest-rising Manila properties are from sea-reclaimed land

Property Markets / Planning, Zoning, Infrastructure

In Manila, the crowded Philippine capital of more than 12 million inhabitants, land that was reclaimed from the sea is selling like hot cakes.

Jul, 2017

America's hottest properties: data centers and cell towers

Property Markets / Planning, Zoning, Infrastructure

E-commerce has been blamed for the struggles of retail real estate, but is proving to be a boon for owners of data centers and cell towers.

Jul, 2017

E-commerce expansion driving global prime logistics rents higher in 2017

Property Markets / Outlook

U.S. industrial hubs posted the strongest growth in prime logistics rents for the past year, and Asian markets remained the world's most expensive as demand for top-quality warehouses and distribution centers continued to outpace supply globally.

Jul, 2017

Bordeaux wine estate Chateau Fauchey sold to Chinese investor

Property Markets / Transactions

A Chinese property investment company has acquired French wine estate Chateau Fauchey on the right bank of the Garonne river southeast of Bordeaux

Jul, 2017

Land values surge in Sydney south west

Property Markets / Planning, Zoning, Infrastructure

Increased demand for industrial property assets has led to a sharp rise in land values in Sydney's south west and outer west, leading to an overflow from investors into what is deemed the secondary tier of properties.

Jul, 2017

City offices vacancies at their lowest point in four years

Property Markets / Outlook

Getting a sandwich in the city at lunchtime is taking a lot longer these days, with office towers near full capacity due to the national vacancy rate sitting at the lowest level for four years.

Jul, 2017

East Melbourne office market gets lift with new A-grade tower

Property Markets / Planning, Zoning, Infrastructure

The renaissance of East Melbourne's office market may be just around the corner after boutique developer Time & Place submitted plans for an 11-level office tower on the corner of Victoria Parade and Lansdowne Street.

Jul, 2017

Markets to watch in 2017

Property Markets / Outlook

These diverse luxury housing markets are on the upswingâ??here are our top five picks of luxury property markets on the rise.

Jul, 2017

Hong Kong skyscrapers most expensive real estate assets in the world

Property Markets / Outlook

According to global real estate advisor Knight Frank, office skyscrapers in Hong Kong are the most expensive commercial real estate assets in the world in 2017.

Jul, 2017

Hong Kong firm Jiayuan pledges $300 million for A-League stadium

Property Markets / Planning, Zoning, Infrastructure

Hong Kong-listed real estate company Jiayuan has committed to spending $300 million on a purpose-built football stadium in southern Sydney if the new Southern Expansion club wins a place in the A-League.

Jul, 2017

Disney teases Star Wars hotel in park investment flurry

Property Markets / Planning, Zoning, Infrastructure

Walt Disney Co. said it will build an immersive â??Star Warsâ? hotel at its resort in Orlando, Florida, as part of a flurry of investments announced Saturday by the company's theme-park division.

Jul, 2017

Deals and Deeds

Property Markets / Transactions

Annabelle Boyd has sold a 349 sqm site at 374 Pacific Highway to SNP Investments P/L. Brad Sutton, Sutton Anderson.

Jul, 2017

Chicago named greenest U.S. office market in 2017

Property Markets / Outlook

After placing second last year, the Chicago market claimed the top spot with 66 percent of its space qualified as green certified.

Jul, 2017

Hong Kong, Australia top target markets for hotel investors in 2017

Property Markets / Outlook

Asia hotel investors during the first half of 2017 remained focused on gateway cities such as Hong Kong, Singapore, Sydney and Melbourne, as they offer positive tourism and trading fundamentals while the long-term demand and supply is in balance.Â

Jul, 2017

London's Grosvenor House hotel has a new owner

Property Markets / Planning, Zoning, Infrastructure

U.S. real estate investor Ashkenazy Acquisition Corp. has acquired the Grosvenor House hotel in London, helping resolve an imbroglio that kept ownership of the famed properties in limbo for three years.

Jul, 2017

Dubai opens floodgates to waterfront living in city centre

Property Markets / Planning, Zoning, Infrastructure

Dubai Marina has long claimed some of the best waterfront views in the emirate, but a vast canal in the heart of the city is starting to turn the heads of new investors.

Jul, 2017

Australia's top-performing pension fund eyes more infrastructure

Property Markets / Planning, Zoning, Infrastructure

Australia's top-performing pension fund over the past three years wants to invest in more toll roads and airports, betting infrastructure assets will offer among the most reliable returns over coming decades.

Jul, 2017

Hong Kong has the priciest skyscrapers in the world

Property Markets / Planning, Zoning, Infrastructure

Skyscrapers in Hong Kong are the most expensive commercial real estate in the world, according to new analysis using rental values and yields.

Jul, 2017

Hot Property: This office cycle is different

Property Markets / Outlook

Office landlords live in a constant state of optimism. Â Every year is met with positive forecasts of potential double-digit rental growth and every year our hopes are dashed. But not now. Â

Jul, 2017

Emerging assets in hot demand for yield hunters

Property Markets / Planning, Zoning, Infrastructure

Demand for a diversified property portfolio has led to a rise in sales of non-core commercial investment assets such as service stations, childcare centres and government-tenanted buildings.

Jul, 2017

Michigan REIT sells industrial complex in Pompano Beach for $21.7M

Property Markets / Transactions

Seller flipped the warehouse at a 31% increase just six months after purchase.

Jul, 2017

Industrial deals slow as yields sharpen

Property Markets / Outlook

Industrial sales plummeted by nearly a third over the past 12 months as the supply of investment-grade stock dried up.

Jul, 2017

Australia Post sells half share in Melbourne tower to Singaporeans

Property Markets / Transactions

Australia Post has inked a deal with giant Singaporean fund Keppel REIT to sell it a $347.8 million half share in a Melbourne tower to be built for Victoria Police.

Jul, 2017

Low supply in North Sydney sees record rates

Property Markets / Outlook

With large corporates moving in or expanding across North Sydney and buildings marked for demolition to make way for the new Sydney Metro station, demand for office space on the other side of the bridge is running hot.Â

Jul, 2017

Here's what the $10M-$20M NYC investment sales market looked like last week

Property Markets / Outlook

Bentley Zhao and Stanley Wasserman make multifamily buys.

Jul, 2017

Luxury hotels spring up from bones of Sydney's old buildings

Property Markets / Planning, Zoning, Infrastructure

Three rundown 1870s terraces in Potts Point have undergone a multimillion-dollar makeover to become Sydney's newest luxury boutique hotel.

Jul, 2017

Airports in the US now will have full-service gyms

Property Markets / Planning, Zoning, Infrastructure

You can already get a pedicure and a massage inside the terminal, so why not a full workout while you wait, wait, and wait?

Jul, 2017

Chippendale fringe asset sold at City prices

Property Markets / Outlook

Investors have snapped up more than $360 million of City fringe assets, but with supply tight, the prices paid are matching the central business district. Â

Jun, 2017

Cedar Woods sells Target headquarters for $58m

Property Markets / Transactions

Discount retailer Target may be struggling with sales, but a head office it recently leased for a 10-year period in Melbourne's west has sold to Centuria Property Funds for $58.23 million.

Jun, 2017

About 11M sf of industrial space has vanished in NYC. Here's what happened to it

Property Markets / Planning, Zoning, Infrastructure

Nearly 1,200 lots affected between 2007 and 2016: Ariel Property Advisors.

Jun, 2017

Kengo Kuma looks to reimagine luxury hotels in Paris

Property Markets / Planning, Zoning, Infrastructure

The hotel will use an unusual exterior design to provide its guests the security and tranquility they desire from the city's bustling streets

Jun, 2017

Fishermans Bend development site sells for $7.9 million

Property Markets / Transactions

An owner-occupier has purchased one of the largest vacant land parcels in Fishermans Bend, which currently has a 12-level residential redevelopment permit in place, soon to be amended into a 12-level commercial development.

Jun, 2017

Here's what the $10M-$20M NYC investment sales market looked like last week

Property Markets / Outlook

Azrak buys two UES walk-upsâ??, City Skyline picks up Sugar Hill building.â??

Jun, 2017

End is nigh for Watchtower sign: Iconic placard to come down after $340M sale

Property Markets / Transactions

Kushner Companies, CIM Group and LIVWRK plan to turn building into office complex.

Jun, 2017

Deals and Deeds

Property Markets / Transactions

â??Jordana Fashion has sold a 2200 sqm site at 38 Rickettyâ?? Street to a private Investment firm. Marcus Schraag, LJHC South Sydney.

Jun, 2017

MVRDV completes Baltyk, its first building in Poland

Property Markets / Planning, Zoning, Infrastructure

The structure, with a graphic glass-and-concrete faÃ§ade, appears to rest precariously on one corner.

Jun, 2017

Beijing's new mega airport puts China's biggest airlines in a battle for dominance

Property Markets / Planning, Zoning, Infrastructure

Rising on a plain south of Beijing is a mega airport that is about to change the balance, bringing China's 3 biggest airlines head to head in the capital as it becomes the world's biggest aviation hub.

Jun, 2017

Myanmar's tourism destination dreams fade amid empty hotels

Property Markets / Planning, Zoning, Infrastructure

In recent years, foreign investment has poured in, but still, the country remains one of the world's poorest, the military still holds powerful sway, and ethnic violence persists.

Jun, 2017

Elizabeth St retail opportunity the 'last piece in the jigsaw' in gentrified Surry Hills

Property Markets / Planning, Zoning, Infrastructure

The transformation of Surry Hills to smart precinct inhabited by boutique apartment blocks and hotels, small bars and bustling retail outlets is no better encapsulated than by the property Colliers International is marketing in the suburb's main thoroughfare.

Jun, 2017

Developer pays $9 million for Hawthorn site

Property Markets / Transactions

A local developer has purchased a development site with plans for a mixed use/apartment and retail project, at Hawthorn on Melbourne's leafy inner eastern fringe following a highly competitive Expressions of Interest campaign.

Jun, 2017

Central London office yields boosts capital commercial growth in UK

Property Markets / Outlook

Capital values across the UK's commercial property market increased 0.4% in May 2017, apparently unaffected by the snap general election announcement, the latest index shows.

Jun, 2017

Malaysian developer launches South Yarra tower

Property Markets / Planning, Zoning, Infrastructure

A Malaysian developer, which lists projects in London and Sydney on its portfolio, is set to announce the launch of a high-end 27-storey tower in ritzy South Yarra. Â

Jun, 2017

Adina hotel to open in 16-storey timber building in Southbank

Property Markets / Planning, Zoning, Infrastructure

Adina Apartment Hotels is set to open a 220-room hotel in a purpose-built timber tower above a six-storey office in Melbourne's Southbank that will remain fully operational and tenanted during the hotel's construction.

Jun, 2017

Enterprising Singaporean developer starts work on 555 Collins Street

Property Markets / Planning, Zoning, Infrastructure

A Singapore billionaire has begun marketing apartments in a dilapidated Collins Street building after winning approval for a tower little more than half the size of the original 82-level proposal. Â

Jun, 2017

Five bidders drive record industrial yield

Property Markets / Transactions

Moorabbin property sells on 4.5% yieldÂ

Jun, 2017

Apartment block sells for $5.95m

Property Markets / Transactions

A block of 12 apartments at 2-4 Garden Avenue has sold for $5.95 million. Fitzroys' James Lockwood, David Bourke and Terence Yeh handled the campaign.Â

Jun, 2017

Landmark green urban development poised for Mascot

Property Markets / Technology

The take up of Sydney CBD and quality suburban office buildings has been extremely strong during the last few years and the number of quality approved sites has reduced dramatically.

Jun, 2017

Deals and deeds

Property Markets / Transactions

A private investor has sold a 39 sqm strata office suite at 702/122 Arthur Street, North Sydney, to Brickhill Projects P/L. Tom Appleby, Colliers International.

Jun, 2017

Entrada sale unlocks prized investment opportunity in Sydney's official second CBD

Property Markets / Planning, Zoning, Infrastructure

The Entrada Shopping Centre in the heart of Parramatta is being offered to the market â?? unlocking an opportunity to acquire a footprint in Sydney's second largest CBD.Â

Jun, 2017

Central Park Tower, NYC's first $4B condo, can now launch sales

Property Markets / Transactions

AG's office greenlights offering plan for Extell's 179-unit project

Jun, 2017

McBride Charles Ryan have designed the Saigon Welcome Arch in Melbourne

Property Markets / Planning, Zoning, Infrastructure

Architecture firm McBride Charles Ryan have designed the Saigon Welcome Arch, a modern sculpture that represents the Vietnamese community in Footscray, a suburb of Melbourne, Australia.

May, 2017

Commercial property investment down in France and UK in first quarter of 2017

Property Markets / Outlook

Investment in commercial property investment in the UK fell in the first quarter of 2017, probably due to Brexit concerns, but France also recorded a substantial fall, the latest analysis report shows.

May, 2017

15 most expensive cities in the Philippines outside Metro Manila

Property Markets / Planning, Zoning, Infrastructure

Enjoying infrastructural support from the national government and direct flights from top tourism source markets, the Philippines' provincial cities get their proverbial moment in the sun.

May, 2017

King Street building sells for $5.4m

Property Markets / Transactions

A historic four storey King Street office built in 1887 has been snapped up by an owner occupier for $5.4 million.

May, 2017

Hipsters make new suburban offices in Cremorne, Collingwood valuable and groovy

Property Markets / Planning, Zoning, Infrastructure

Hip inner-city suburbs are undergoing a worker renaissance as surging office rents begin to tip the construction scales away from residential apartments.

May, 2017

Joanna Plains sale marks premier rural opportunity

Property Markets / Planning, Zoning, Infrastructure

CBRE has been appointed to market a significant cropping and grazing enterprise north of Perth in a move that will unlock more than 9,000 hectares of premium rural land.

May, 2017

Don't propose homes on commercial sites, Shanghai developers told

Property Markets / Outlook

A shift from last year's policy direction

May, 2017

China's logistics hubs to benefit first from Asia's new belt & road initiative

Property Markets / Planning, Zoning, Infrastructure

The recent Belt & Road (B&R) Forum for International Cooperation held in Beijing was attended by numerous international leaders and organizations and discussed topics including currency swaps, policy, infrastructure and trade.

May, 2017

Greek hedge funders look to sell the Fine Arts Building

Property Markets / Transactions

Former Bloomingdale's carriage house expected to fetch $60M: sources

May, 2017

Jeffrey Gershon to buy Jehovah's Witnesses site in Dumbo for $60M: sources

Property Markets / Transactions

Hope Street Capital developer can build close to 200K sf at property

May, 2017

Melbourne's unloved Harbour Town to get $150 million makeover

Property Markets / Planning, Zoning, Infrastructure

Sydney boutique bank Ashe Morgan, has unveiled a new $150 million entertainment precinct for Harbour Town, on the edge of Melbourne's Docklands.

May, 2017

Dubai to get two new manmade islands despite others still not complete

Property Markets / Planning, Zoning, Infrastructure

A multi million pound development in Dubai will include two new manmade islands with luxury villas, a private marina, water park and leisure facilities including the Middle East's first Cirque Du Soleil.

May, 2017

Deals and Deeds

Property Markets / Transactions

D&B Duffy has sold a 395 sqm office at 104 Alexander Street to LAK Investments P/L. Harry Kimpton, Sutton Anderson.

May, 2017

Landmark Sunshine Cinema to close to make way for mixed-use complex

Property Markets / Planning, Zoning, Infrastructure

East End Capital, K Property paid $31.5M for building.

May, 2017

Ingham's Wanneroo sale unlocks 40ha land parcel in metro Perth

Property Markets / Planning, Zoning, Infrastructure

Ingham's has appointed CBRE to manage the sale and leaseback of a circa 40ha land parcel in Perth's northern suburbs â?? marking one of the city's largest ever infill sites to be offered for sale.

May, 2017

Empty shops not deterring investors

Property Markets / Planning, Zoning, Infrastructure

Empty shops are not deterring investors. A vacant 48 sq m retail space, one of six shops on the ground level of 142 Rathdowne Street, has sold for $475,000, Fitzroys Terence Yeh said. Â

May, 2017

Church Street office sells for $44 million as suburban sector heats up

Property Markets / Transactions

Perth-based syndicator Property Bank has sold Building 8 at 658 Church Street in Melbourne to a wealthy local investor for $44 million. Â

May, 2017

Henderson Land wins rare Hong Kong Site for record $3 billion

Property Markets / Transactions

Henderson Land Development Co. outbid eight other developers to win a rare site in Hong Kong's Central district for a record HK$23.3 billion ($3 billion). It was the first commercial plot sold by the government in more than two decades.

May, 2017

China's copy of Manhattan is no longer a ghost town

Property Markets / Planning, Zoning, Infrastructure

The unreal emptiness of China's vision of a new Manhattan and other mega-city developments has drawn unflattering international press coverage and come to symbolize the folly and financial risks of debt-fueled infrastructure projects and runaway urbanization.Â

May, 2017

Indonesian town transforms into rainbow-splashed tourist destination

Property Markets / Planning, Zoning, Infrastructure

A small rainbow village in Indonesia may have just become the most colorful place on earth, practically overnight.

May, 2017

Meet the man who is reviving Yangon's crumbling colonial buildings

Property Markets / Planning, Zoning, Infrastructure

Erwin Sikma is using his talent for renovation to breathe new life into the Myanmar city's heritage properties

May, 2017

Developer implores government to improve visual outcome of sky rail with innovative design concept

Property Markets / Planning, Zoning, Infrastructure

A prominent figure in Melbourne's development industry has come up with a concept to disguise the controversial new sky rail overpasses in order to reduce the visual impact of the elevated sections.

May, 2017

City of Sydney opens $10m community centre

Property Markets / Planning, Zoning, Infrastructure

The City of Sydney's state-of-the-art community centre has opened the doors to its East Sydney Community and Arts Centre in Darlinghurst, to offer new community space for the growing inner city area. Â

May, 2017

Little Bourke Street values soar

Property Markets / Transactions

The O'Donohue's building in Little Bourke Street occupied by an EzyMart store has sold for $5.81 million, adding to a slew of strong sales below $10 million in Melbourne's centre. Â

May, 2017

Goodman Property JV to buy central Auckland office building for $62M

Property Markets / Transactions

Goodman Property Trust's joint venture with Singapore government-owned GIC has agreed to buy Bayleys House, a recently completed office building in central Auckland, for $62 million, Goodman Ltd, the trust's manager, said.

May, 2017

Badgery's airport a win for industrial property assets

Property Markets / Planning, Zoning, Infrastructure

The commitment by the federal government to construct the $5.3 billion Western Sydney Airport Corporation at Badgerys Creek will add immense value to the surrounding western regions, which comprise a substantial amount of industrial property.

May, 2017

Greenvale's historic Yarrabee farm reaps speculated $25m from developer

Property Markets / Transactions

A lucky Greenvale farm owner is speculated to be more than $25 million richer after offloading a historic 16-hectare property to a residential developer.

May, 2017

$54 million fight over vacant Superman Building is settled

Property Markets / Transactions

A $54 million lawsuit over the state's tallest building, called the Superman Building, has been settled just before a trial was scheduled to begin in federal court.

May, 2017

$44m childcare sales set new records

Property Markets / Transactions

The sale of five of six fully leased Victorian childcare centres for more than $44 million have set new national benchmarks for the sale of individual centres.Â

May, 2017

Dexus' real estate review reveals ups and downs of Australia's markets

Property Markets / Outlook

Dexus Research released their 2017 second quarter Australian Real Estate Review, with the focus on the positive outlook for office markets.

May, 2017

Melbourne's great land sale continues

Property Markets / Planning, Zoning, Infrastructure

Five prominent Melbourne development sites are trading this month in deals speculated to be worth a total of more than $40 million.

May, 2017

Karten family looks to sell 320-unit 990 Sixth Ave for $400M

Property Markets / Transactions

25-story mixed-use tower hasn't seen much improvement since it was built in 1987.

May, 2017

Investors must be more creative to access European offices

Property Markets / Outlook

JLL's 2017 European Office Investment Perspective is encouraging investors to be more creative in order to access Europe's office real estate markets in the current increasingly competitive environment

May, 2017

Bank of China looks to sell longtime US HQ at 410 Madison

Property Markets / Transactions

Chinese lender has been moving piecemeal to much larger digs at 7 Bryant Park.

May, 2017

China's Hawaii plans a $3 billion medical tourism hotspot

Property Markets / Planning, Zoning, Infrastructure

On the hilly and tropical island of Hainan, local officials and companies are investing billions of dollars to transform a string of riverside villages into a medical tourism destination.

May, 2017

Government to build new Sydney airport as operator balks at risk

Property Markets / Planning, Zoning, Infrastructure

Australia's government said it will build a long-awaited second airport for Sydney after the operator of the city's existing hub ruled out developing the project because of the â??considerableâ? risks to shareholders.

May, 2017

Continental Corporation to sell University Hill 'supersite'

Property Markets / Transactions

Continental Corporation has moved to sell its purpose built facility in Bundoora's University Hill precinct - marking the end of the company's almost six-decade tenure in the region.Â

Apr, 2017

Coastal pubs ride the wave of city demand

Property Markets / Transactions

Gallagher Hotel Management has expanded its hotel portfolio with the purchase of the Terrigal Hotel for $28 million.

Apr, 2017

Lendlease completes first wooden office

Property Markets / Planning, Zoning, Infrastructure

The wooden beams across the open plan office floors mean staff can literally hug a tree.

Apr, 2017

N.Z. plans spending splurge to keep `growing like Sydney'

Property Markets / Planning, Zoning, Infrastructure

New Zealand's government announced plans to substantially increase infrastructure spending to help sustain economic growth and cope with a swelling population.

Apr, 2017

Dubai hotel sector showing signs of early recovery in 2017

Property Markets / Planning, Zoning, Infrastructure

According to STR, the hotel industry in Dubai, recorded strong occupancy levels during the first quarter of 2017 despite continued and significant supply growth.

Apr, 2017

Barangaroo launches new public park zone

Property Markets / Transactions

A sweeping two-hectare public park, complete with waterfront walkway and new pier, will be some of the final pieces of the $6 billion Barangaroo development that will link the northern reserve to the office towers at the south-west end.

Apr, 2017

Controversial skyscraper allowed in a 'test case for Philippine Heritage'

Property Markets / Planning, Zoning, Infrastructure

Battle for skyline behind Philippine monument ends in favour of developer.

Apr, 2017

A skyscraper that dispenses houses is the vending machine you thought you'd never need

Property Markets / Technology

Only in Japan.

Apr, 2017

Are Dubai's buildings finally opting for function over style?

Property Markets / Planning, Zoning, Infrastructure

An emirate used to flashy projects tries to appeal to exacting tenants.

Apr, 2017

Agreement entered with Impact Investment Group for sale of Central Park office and hotel

Property Markets / Transactions

Frasers Property Australia and Sekisui House Australia have entered into Option Agreements with Impact Investment Group (IIG) in relation to the sale of the hotel and commercial space at DUO on the north-west corner of the Central Park precinct in Chippendale.

Apr, 2017

$50M Fifth Avenue mansion has buyers lining up

Property Markets / Transactions

A tony Fifth Avenue mansion boasting all the Gilded Age trimming hit the market last year, asking $50 million after the government of the former Yugoslavia decided to unload some of Josip Broz Tito's properties.

Apr, 2017

Deals and Deeds

Property Markets / Transactions

A private investor has sold a 2429 sq m childcare centre at 89 Anderson Road to ST Family Trust. Robert Lowe, Savills.

Apr, 2017

Building on the western plains supports start-ups

Property Markets / Planning, Zoning, Infrastructure

Rising from Melbourne's western grasslands is a startling building that is accelerating success.

Apr, 2017

European commercial real estate investment activity was strong in 2016

Property Markets / Outlook

European commercial real estate investment activity in 2016 was the third highest on record with total sales volumes of â?¬207 billion, according to new research.

Apr, 2017

LeFrak sells Rego Park office building to tenant for $140M

Property Markets / Transactions

The buyer, health insurer Fidelis Care, leases space in 358K sf Queens Blvd. property.

Apr, 2017

Multiplex tops out Greengate's $115 million retirement and aged care community at Kogarah

Property Markets / Transactions

Multiplex, a leading global contractor, has reached a milestone on Greengate's $115 millionÂ St Patrick's Green Aged Care and Retirement Village, topping out the structure to threeÂ buildings, the tallest being 11 levels fronting Chapel Street in Kogarah.

Apr, 2017

Footscray site offers prime development opportunity

Property Markets / Planning, Zoning, Infrastructure

Teska Carson (9421 7000) is marketing a large, vacant development site with exceptional development potential at Footscray in Melbourne's inner western suburbs.

Apr, 2017

Multiplex reaches topping out milestone on Paddington Aged Care project

Property Markets / Planning, Zoning, Infrastructure

Multiplex, a leading global contractor, has reached a major construction milestone â??toppingÂ outâ? The Terraces at Paddington, the $180 million over 55s community being developed atÂ the Scottish Hospital site on Brown Street.

Apr, 2017

Bayside park sells out, bar one, before completion

Property Markets / Transactions

The sale of a national retail portfolio with all properties leased to The Good Guys has attracted strong market interest prior to the official launch with feelers coming from local, interstate and off-shore interests, according to exclusive agents Savills.

Apr, 2017

Australian markets have witnessed the fastest rental growth for offices in skyscrapers

Property Markets / Outlook

Rents for skyscraper offices in Australian cities, are rising faster than those in any other global city, according to the latest Skyscraper Index from Knight Frank.Â

Apr, 2017

Does the $79.5M Wildenstein sale mean the townhouse market is back?

Property Markets / Transactions

Insiders weigh in on the potential impact of the record deal on flagging townhouse sales.

Apr, 2017

Hong Kong property prices are near their peak: J.P. Morgan

Property Markets / Outlook

Hong Kong housing prices are close to their peak and economically â??unsustainable,â? said Cusson Leung, managing director at J.P. Morgan Chase & Co.'s Asia Pacific equity research unit.

Apr, 2017

Leasing Ladder

Property Markets / Outlook

Westpoint Formwork P/L has leased a 41 sq m office at 469-483 Parramatta Road from Protaxac P/L. The lease term is one year. Adam Selikman, Taylor Nicholas Inner West. Â

Apr, 2017

Multiplex appointed to Westmead hospital redevelopment

Property Markets / Planning, Zoning, Infrastructure

Multiplex, a leading global contractor, has been appointed by Health Infrastructure to deliverÂ the $900 million Westmead Redevelopment, the State's largest hospital redevelopmentÂ project that will generate some 1,500 construction jobs per year.

Apr, 2017

Huntingdale industrial sold for $2.05 million

Property Markets / Transactions

A local private investor has paid $1.15 million for 38 Shafton Street and $905,000 for 32 Hargreaves Street Â for a brand new office and warehouse dual occupancy, in Huntingdale in Melbourne's south-east, destined for a self-managed super fund.

Apr, 2017

Broadway Plaza in Punchbowl goes for $41.2m

Property Markets / Transactions

Real Asset Management Group has emerged as the buyer of the Broadway Plaza, Punchbowl, paying $41.2 million to creditors PPB Advisory.

Apr, 2017

Master planned Great Ocean Rd site with views

Property Markets / Transactions

21 hectare site to fetch $20 million plusÂ

Apr, 2017

Dubai's commercial property market to moderate in 2017

Property Markets / Outlook

A slowing decline across all sectors of the Dubai real estate market suggests increasing stability and the expectation of the market 'bottoming out' before the end of 2017, but the planned introduction of VAT on January 1, 2018 is already causing nervousness amongst existing commercial tenants.

Apr, 2017

Here's what the $10M-$20M NYC investment sales market looked like last week

Property Markets / Outlook

Besen sells in Washington Heights, former Flatbush theater trades for $12M.

Mar, 2017

Deals and Deeds

Property Markets / Transactions

Zou has sold a 3338 sq m site at 8 George Young Street to a private investor. David Lidgard and Marco Chiodo, JLL.

Mar, 2017

Haileybury's vertical school fights high-rise development next door

Property Markets / Transactions

Upmarket private school Haileybury College is fighting to stop a 24-storey hotel development next door to its city campus due to fears it will overlook and overshadow students and classrooms. Â

Mar, 2017

City fringe office rivals CBD market

Property Markets / Transactions

The sale of a freestanding office building in Hornsby by the Abacus Property Group for $22 million, on a yield of 5.6 per cent, reflects the increasing demand for suburban offices, according to agents.

Mar, 2017

Brexit fallout slowing London office market in 2017 but recovery is on horizon

Property Markets / Outlook

The official start of the UK leaving the European Union has now begun but the latest analysis suggests that while the London office market may be subdued in the medium term there will be a recovery from 2020.

Mar, 2017

Government drives leasing surge

Property Markets / Outlook

Preliminary office leasing figures for Melbourne's CBD show a massive rise of circa 128 per cent over the 12 months to March with the Government and Community sector taking 38 per cent of the space, according to the latest Savills research.

Mar, 2017

Expansion plans prompt Truganina lease

Property Markets / Technology

Skyzer Technologies' search to expand its operations in Victoria has successfully concluded in securing a five-year lease over a brand new office warehouse in West Industry Park, Truganina.Â

Mar, 2017

Bank of East Asia sold Causeway Bay shop for HKD 200 million

Property Markets / Transactions

Shop A & F, G/F, & B/F, 46-54 Yee Wo Street, Causeway Bay, has been changed hand for HKD 200 million.

Mar, 2017

Iconic haunted Richmond Regent Theatre for sale

Property Markets / Transactions

Richmond's legendary â??hauntedâ? Regent Theatre is set to attract significantÂ interest from buyers seeking a unique opportunity, according to agents MatrixÂ Property Group, Sydney's leading residential development site specialist.

Mar, 2017

House prices jump 3.7 per cent since start of year

Property Markets / Outlook

Home prices in Australia's biggest cities have jumped 3.7 per cent since the start of the year with the proportion of settled auctions on the rise as well.

Mar, 2017

Global brand developer takes Richmond warehouse

Property Markets / Transactions

International brand development and promotion firm, Kojo Productions, has agreed terms on the lease of an office and warehouse property at Richmond in Melbourne's inner-east.

Mar, 2017

Chinese buyers to prop up Australian housing market: Credit Suisse

Property Markets / Planning, Zoning, Infrastructure

Foreign buyers are purchasing new housing in New South Wales and Victoria at a rate of $8 billion a year - a figure the equivalent of one in five new homes completed across the two states.Â

Mar, 2017

Hong Kong still most expensive office market in the world

Property Markets / Outlook

According to CBRE Group, Inc.'s new Global Prime Office Rents survey, Hong Kong is the world's highest-priced office market while European office markets showed the most consistent growth in prime office rent, mostly due to a lack of supply.Â

Mar, 2017

7-acre site of Coca-Cola plant in Queens hitting the market

Property Markets / Transactions

200K sf warehouse could sell for $70M-plus: source

Mar, 2017

Mont Albert's commercial values jump 35% over 15 months

Property Markets / Outlook

A local investor has reaped a 35 per cent increase on two shops bought 15 months ago.

Mar, 2017

Investa raises the Bar in tenant service and office building experience

Property Markets / Technology

Investa Office Management this month launched its INSITE tenant engagement programÂ nationally.

Mar, 2017

Metro snaps up another South West Sydney residential site

Property Markets / Transactions

Metro Property Development has acquired its second development site in South Western SydneyÂ purchasing a 60,000 sqm site in the emerging suburb of Spring Farm.

Mar, 2017

HNA, partner to buy 245 Park for $2.2B: sources

Property Markets / Transactions

Sale of Brookfield, NYSTRS' office tower would be one of the priciest to date.

Mar, 2017

'Bubbly' Australia housing market may lead to more lending curbs

Property Markets / Outlook

Australia is facing a period of â??heightened riskâ? in the housing market, the nation's top banking regulator said, amid rising speculation further lending curbs may be imposed to cool runaway housing prices.

Mar, 2017

India's property migraine pill

Property Markets / Outlook

India's war against cash has been giving a splitting headache to the country's real estate market, a popular conduit for tax evasion.

Mar, 2017

Deals and Deeds

Property Markets / Transactions

SG Gaming Australia Property Pty Ltd has sold an industrial property featuring a 2043sqm two-storey office/mezzanine area and a 3055sqm high clearance warehouse at 13 Sheridan Close to Harosenne P/L. Jon Orsborn, Colliers International.

Mar, 2017

Investor pays $4.5m for KFC Tamworth

Property Markets / Transactions

A Melbourne-based private investor has snapped up an existing KFC restaurant site in Tamworth for $4.47 million, reflecting a yield of 5.1 per cent.

Mar, 2017

Brunswick industrial: occupy, invest, develop

Property Markets / Planning, Zoning, Infrastructure

Teska Carson is marketing a versatile office/warehouse property at Brunswick in Melbourne's inner north.Â

Mar, 2017

First-in-a-century opportunity in Sydney's Chinatown sells for $19.9m

Property Markets / Transactions

82-84 Dixon Street, Haymarket sold under the hammer at a highly competitive Sydney auction today.

Mar, 2017

Frances Farm Portfolio offers substantial 2,802-hectare agribusiness footprint

Property Markets / Technology

CBRE has been appointed to market for sale more than 2,800 hectares of irrigated cropping and grazing land in Victoria's Western Wimmera area and the south-east of South Australia.Â

Mar, 2017

Castellum reaches agreement with EIB on financing relating to nearly-zero-energy-buildings

Property Markets / Technology

Castellum and The European Investment Bank (EIB) have signed a â?¬75 million loan for the financing of two â??Nearly-zero-energy-buildingsâ? (NZEB) in Sweden.

Mar, 2017

Chinese capital dominates Asian outbound real estate investment in 2016

Property Markets / Outlook

Asian outbound real estate investment was dominated by Chinese investors in 2016, accounting for almost half â?? 47% or US$28.2 billion - of the total capital transacted during the period.Â

Mar, 2017

Multiplex begins construction on Werribee Mercy Hospital

Property Markets / Planning, Zoning, Infrastructure

Multiplex, a leading global contractor, has been appointed by Mercy Health in partnership with the Victorian Department of Health and Services to deliver the $66.5 million Stage 1C of Werribee Mercy Hospital.

Mar, 2017

Aged care entrepreneur buying burnt down pub site

Property Markets / Transactions

Seven years since it was ravaged by fire â?? which was a month after the local council permitted it for redevelopment â?? the enormous waterfront parcel regarded as Phillip Island's best site is finding its way into the hands of a new owner.

Mar, 2017

Calls for Sri Lanka to regulate its property sector

Property Markets / Outlook

Even â??housewives and three wheel driversâ? can be property brokers on the side, CEO laments.

Mar, 2017

Cremorne cafe/studio sells $800k over reserve

Property Markets / Transactions

An owner occupier has paid $3.07 million, or more than $800,000 over the reserve, at a hotly contested Teska Carson auction for a warehouse cum cafÃ©/studio premises at Cremorne (Richmond) in Melbourne's inner eastern suburbs.Â

Mar, 2017

Freeman family lists enormous Yarra Valley gateway site

Property Markets / Planning, Zoning, Infrastructure

A consortium including wealthy private investors Joel Freeman and his son, Jeremy, are offloading a major infill development site at the gateway of the Yarra Valley wine region.

Mar, 2017

Insurer inks 48K sf lease at Rockpoint's Meatpacking project

Property Markets / Transactions

Bermuda-based Argo to occupy three floors at 413 West 14th Street

Mar, 2017

Manhattan leasing up 40% so far this year

Property Markets / Outlook

Thanks primarily to big deals Downtown, activity at end of February stood at 7.65M sf.

Mar, 2017

Hotel values rise in Eastern Europe while those in the west face tougher times

Property Markets / Outlook

Hotels in Eastern Europe are benefitting from tough times in Western Europe with room values in the region seeing an impressive 11% average growth, according to the 2017 European Hotel Valuation Index (HVI) published this week by global hotel consultancy HVS.

Mar, 2017

Australian Road Research Board checks out of Melbourne's east & unlocks infill development opportunity

Property Markets / Planning, Zoning, Infrastructure

The Melbourne headquarters of the Australian Road Research Board (ARRB) has been offered to the market â?? unlocking a development opportunity expected to generate interest circa $18 million.Â

Mar, 2017

Government casts off East West Link commercial buildings

Property Markets / Planning, Zoning, Infrastructure

The Andrews government has begun selling a portfolio of commercial properties acquired for the scrapped East West Link project.

Mar, 2017

Deals and deeds

Property Markets / Transactions

Dunnett Super has sold a 730 sqm site at Levels 3, 5 and 6 at 47 Neridah Street to VFN Investments P/L. Hugh Anderson, Harry Kimpton. Sutton Anderson.

Mar, 2017

Inspirational architecture: Lifting the spirits of people with spinal injuries

Property Markets / Outlook

Architecture can make the heart soar, and the creators of the new Sargood on Collaroy resort on Sydney's Northern Beaches believe it can also help heal the body and mind.

Mar, 2017

Building Binge: ADB Calls for More Infrastructure Across Asia

Property Markets / Planning, Zoning, Infrastructure

Asia needs at least $1.5 trillion of roads, bridges and other infrastructure annually between now and 2030 to maintain its growth momentum, a doubling of earlier projections, according to the Asian Development Bank.

Mar, 2017

Asian Outbound Property Investment Capital Dominated by China in 2016

Property Markets / Outlook

According to CBRE, Asian outbound real estate investment was dominated by Chinese property investors in 2016, accounting for nearly half of total investment--with 47% or $28.2 billion.

Feb, 2017

Big House Arts buys into Coburg's creative spaces

Property Markets / Transactions

Creative and co-working spaces are spreading from the city centre into smaller, hip suburbs.

Feb, 2017

Chinese Set to Buy London Cheesegrater Tower for $1.27 Billion, CoStar Says

Property Markets / Transactions

An investment company of Chinese property magnate Cheung Chung Kiu is set to buy the London skyscraper nicknamed the Cheesegrater for about 1.02 billion pounds ($1.3 billion) from owners British Land Co. and Oxford Properties Group Inc., CoStar News reported.

Feb, 2017

Luxury house prices in Chinese cities record strongest global growth in 2016

Property Markets / Outlook

â?¢Sydney and Melbourne sit at 11th and 12th respectively on the PIRI 100 â?¢Australasia was the strongest-performing world region in 2016 with prices rising by 11.4% year-on-year

Feb, 2017

Developer pays $3 million for Moonee Ponds site

Property Markets / Transactions

A Melbourne based developer has paid $3 million for a Moonee Ponds site with a permit for a mixed use development in a private sale brokered by Savills Jesse Radisich and Julian Heatherich.

Feb, 2017

Here's what the $10M-$20M NYC investment sales market looked like last week

Property Markets / Transactions

Applegrad buys Bronx rental, Icon sells Hell's Kitchen walk-up

Feb, 2017

City fringe leasing markets tighten across Melbourne

Property Markets / Planning, Zoning, Infrastructure

Leasing activity has stepped up in city fringe markets as vacancy rates tighten across Melbourne.

Feb, 2017

Large slice of Brisbane land with holding income hits the market

Property Markets / Planning, Zoning, Infrastructure

One of Brisbane's last remaining 'large format' hotels, the Mansfield Tavern, has been listed for sale.Â

Feb, 2017

Fringe markets hot as investors chase yield

Property Markets / Outlook

Fringe CBD vs CBD yields show attractive differential

Feb, 2017

China Welcomes Asia's First Vertical Forest

Property Markets / Planning, Zoning, Infrastructure

To help fight pollution, Italian architect Stefano Boeri will build two greenery-covered towers in Nanjing

Feb, 2017

Melbourne industrial property surges

Property Markets / Outlook

Melbourne industrial property deals surged to a record $1.92 billion in transactions in 2016, a 15 per cent increase on the previous year.

Feb, 2017

Mall Landlords' Next Act: Apartments and Concerts

Property Markets / Planning, Zoning, Infrastructure

Westfield Corp. recognized more than a decade ago that the long-term outlook for shopping centers was rough. So it changed course.

Feb, 2017

Global Hotel Investor Outlook for 2017 Revealed

Property Markets / Outlook

More mergers, acquisitions expected while investment volumes to hold steady

Feb, 2017

12 lots sold in 12 weeks as shortage looms

Property Markets / Transactions

Stage 1 of a new Keysborough industrial estate â?? Interlink Business Park â?? has sold out within 12 weeks of release with 12 allotments selling for prices up to $375 a square metre setting a new benchmark for industrial land in Melbourne's south-east.

Feb, 2017

Deals & Deeds

Property Markets / Transactions

A private vendor has sold 18,000 sq m of industrial development land at 24 Bernera Road to Apex Investment. Fab Dalfonso and Rino Gazzera, Colliers International.

Feb, 2017

Caribbean, Mexico Hotel Development Pipeline Upticks in 2017

Property Markets / Planning, Zoning, Infrastructure

According to STR's January 2017 Pipeline Report, more than 33,830 rooms in 199 hotel projects are under contract in the Caribbean and Mexico.

Feb, 2017

Chinese investor pays $4.8m for South Rd clinic

Property Markets / Transactions

A Chinese investor has paid $4.8 million on a 6 per cent yield for a fully leased dental clinic at Moorabbin, in a deal brokered by Savills Clinton Baxter and Julian Heatherich.

Feb, 2017

HKD 35,000 psf for Convention Plaza, broke the building's record

Property Markets / Transactions

Rooms 10-12, High-Floor, Converntion Plaza, Wan Chai, with an area of 3,004 sq ft, has been changed hand for HKD 105 million, or HKD 35,000 per sq ft.

Feb, 2017

Developers head south to the Shire

Property Markets / Planning, Zoning, Infrastructure

High demand for pubs has prompted Newcastle's Ian Burford to offer the Burwood Inn for sale through Daniel Dragicevich and Ben McDonald from CBRE Hotels, in conjunction with Deane Moore from Moore and Moore Real Estate.

Feb, 2017

Crown casino wins approval for 90-storey tower at Southbank

Property Markets / Planning, Zoning, Infrastructure

Casino giant Crown will expand its Southbank site to eight hectares after it won approval from the Andrews government to build a $1.75 billion 90-storey tower.

Feb, 2017

Luxurious Mudgee Hangar House on the market

Property Markets / Planning, Zoning, Infrastructure

The freehold going concern of The Hangar House hotel at Mudgee, in New South Wales, is on the market through Savills Senior Hotels Executive, Nic Simarro.

Feb, 2017

Australia forces foreign owners of 15 properties to sell

Property Markets / Transactions

Australia has forced the foreign owners of another 15 illegally bought properties to sell. Â

Feb, 2017

Adjoining owner pays $4.15million for Glendenning industrial

Property Markets / Transactions

The adjoining owner has paid $4.15 million for a freestanding office and warehouse facility at Glendenning in Sydney's outer west in a deal brokered by Savills.Â

Feb, 2017

A-Reits to return 9 per cent in 2017, but still underperform equities - CLSA

Property Markets / Outlook

The Australian real estate investment trust (A-Reits) sector will return 9 per cent in 2017, split roughly 5 per cent yield and 4 per cent growth, says CLSA's Sholto Maconochie and Stephen Lam, but still underperform equities after beating shares by 1.4 per cent in 2016.

Feb, 2017

Global Economic Anxiety Impacting Dubai's Industrial Sector

Property Markets / Planning, Zoning, Infrastructure

According to international real estate consultant Cluttons, the global economic anxiety and growth slowdown across regional markets has played a significant role in the decreased demand for industrial real estate in Dubai, which in turn has led to capital value corrections in most of the emirate's submarkets.

Feb, 2017

Meadowbank: Sydney's strongest growth hot spot

Property Markets / Outlook

Meadowbank, just 15kms west of the Sydney CBD has completely transformed over the past few years due to some of the country's largest developers snapping up sites within the riverside suburb.Â

Jan, 2017

Busiest corner in Milton sells for $4 million

Property Markets / Transactions

A fully leased retail and commercial centre on the corner of Milton and Baroona Roads in Milton has been picked up for a clean $4,000,000.

Jan, 2017

Here's what the $10M-$20M investment sales market looked like last week

Property Markets / Transactions

10 multifamily properties sold, including a four-building portfolio in Fordham

Property Markets / Technology