Jun, 2019

$250 million valuation uplift achieved across Dexus's portfolio

Property Markets / Transactions

Dexus today announced that 109 of its 114 assets, comprising 45 office properties and 64 industrial properties have been externally valued as at 30 June 2019.

Australia

Jun, 2019

Camperdown Hotel to hit the market as Urban Renewal takes off

Property Markets / Transactions

Due to its strategic importance connecting the Sydney CBD to Parramatta, Sydney’s second CBD, the Parramatta Road Urban Transformation Strategy has been introduced by the NSW Government to upgrade and revitalise the Corridor over the next 30 years through investments in homes, jobs, transport, open spaces and public amenity.

Australia

Jun, 2019

Moelis has acquired 54 brand new apartments from Payce for approx $30 million.

Property Markets / Transactions

ASX-listed investment firm Moelis Australia has acquired 54 brand new apartments in one line from Sydney developer Payce for close to $30 million.

Australia

Jun, 2019

The Balmain Post Office Historic Trophy Heritage Investment sold for $4,000,000

Property Markets / Transactions

The suburban investment market in Sydney’s Inner West is continuing to experience a revival, caused by low supply levels in the Sydney CBD and transition of ‘Mum & Dad’ capital moving from residential to commercial investment stock in the residential slow down.

Australia

Jun, 2019

Mintus snap up West Gosford Shopping Centre

Property Markets / Transactions

Private investor Mintus has added another retail asset to its growing property portfolio, by purchasing the West Gosford Shopping Centre, an established neighbourhood centre, anchored by Coles/ Liquorland for $23 million from ISPT/ Coles.

Australia

Jun, 2019

2019 First Quarter Restores Equilibrium In New York City Real Estate Market

Property Markets / Outlook

New York City’s real estate market woke up during the first quarter of 2019. After an extremely slow fourth quarter at the end of last year, and after years of both price and transaction volume decline, we felt the stirrings of a waking market in the past two months. While January started off slow, February and March have finally brought equilibrium back into the market: sellers have begun to accept the realities of the new marketplace. As these sellers have lowered prices 10%, or 12%, or in some cases even 15%, from the optimistic numbers to which they originally aspired, buyers have stepped up who see the value in making a purchase now. We have seen some competitive bidding and some sales over (reduced) asking prices. Some things have not changed; buyers still don’t make offers, or even schedule viewings, for overpriced apartments. Value sells.

United States of America

May, 2019

$120m Premium Inner City Portfolio to hit the Sydney market

Property Markets / Transactions

Four premium, high profile assets all located within Sydney’s thriving downtown precinct – Chippendale, Darlinghurst and Ultimo are set to hit the market, offering diversified income with enormous upside in rental growth and development potential as strong demographics, conducive to greater growth in the inner city suburbs stand out to local and international developers and investors. For sale through Tom Tuxworth, David Hickey, Jordan Lee and Nick Lower of Savills Australia, The Premium Inner City Portfolio has a potential fully leased income of circa $10 million

Australia

May, 2019

THE INDUSTRY WEIGHS IN ON SENTIMENT POST-ELECTION

Property Markets / Outlook

The lead up to any election poses a time of uncertainty, with buyers understandably sitting on their hands until they know which party will be instated into government and which policies will affect their household. This election was no different - not only did every poll and industry commentator suggest Labor would win the top job, but property market sentiment had plummeted to levels not seen in over a decade.

Australia

May, 2019

Savills Australia sells major landholding in Perth’s suburbs for $9million

Property Markets / Transactions

A major land sale has transacted in Forrestfield for $9million, as demand for industrial property assets in Perth’s core suburbs regains momentum.

Australia

May, 2019

Melbourne’s commercial property market still in great shape

Property Markets / Outlook

Melbourne’s commercial property market is set to regain momentum in the second half of 2019, despite negative noise surrounding the dwindling number of transactions, according to one commercial property agency.

Australia

May, 2019

LOWER NORTH SHORE STILL STRONG ACCORDING TO AQUALAND AND CBRE

Property Markets / Transactions

Current property market sentiment points to drastically falling prices in areas of large supply in Sydney, however despite these reports there are pockets of Sydney that still represent significant opportunities and plenty of growth potential, most notably Sydney’s Lower North Shore.

Australia

Apr, 2019

Spotlight shines on Student Accommodation as International Students continue to flock to Oz

Property Markets / Outlook

The Australian student accommodation sector is powering through a rapid development phase, a chapter in its evolution not so dissimilar to other emerging asset classes across global markets, such as build-to-rent in the UK or data centres across South East Asia.

Australia

Apr, 2019

Butcher, baker and candlestick maker drive rents in Victoria’s neighbourhood shopping centres

Property Markets / Outlook

Australia’s retail sector has been in a state of flux throughout the past three years, as the effects of online, large-format and specialist retailing have grown more pronounced, according to one commercial property agency.

Australia

Apr, 2019

Australian voters do not understand Labor’s proposed changes to capital gains tax and negative gearing

Property Markets / Outlook

A report released by the Housing Industry Association today shows that the majority of Australian voters do not understand Labor’s proposed changes to capital gains tax and negative gearing. It also shows that the majority of people want a proper review before any changes take place.

Apr, 2019

ASCOTT REIT ACQUIRES PRIME FREEHOLD LIMITED-SERVICE BUSINESS HOTEL IN SYDNEY AUSTRALIA FOR A$60.6 MILLION

Property Markets / Transactions

Ascott Residence Trust (Ascott Reit) is acquiring Felix Hotel, a prime freehold limited-service business hotel located in close proximity to Sydney Airport, for A$60.6 million (S$58.8 million1). The 150-room property will be rebranded as Citadines Connect Sydney Airport upon completion of the acquisition in May 2019. This will be Ascott Reit’s first business hotel in Australia and its first property to be managed by its sponsor, The Ascott Limited (Ascott) under the new Citadines Connect brand.

Australia

Apr, 2019

Demand heats up for prime mixed-use freehold investments

Property Markets / Outlook

Sydney continues to be at the top of the list for international capital seeking prime real estate – particularly from China, Singapore and Malaysia. This is fuelled by significant investment into infrastructure, strong population growth, booming education and tourism sectors.

Australia

Mar, 2019

How much does US$1 million buy around the world?

Property Markets / Outlook

The Wealth Report 2019, launched by Knight Frank, reveals how much US$1 million can buy in prime cities around the world. To establish relative values for prime residential property globally, the study compares how many square metres of luxury internal floor space can be purchased with US$1 million as at 31 December 2018.

Australia

Mar, 2019

Make Ventures pays $17m for Build-to-rent Kensington site

Property Markets / Transactions

Melbourne based investor/developer Make Ventures has earmarked a CBD fringe site for its build-to-rent-to-buy concept with the acquisition of a Kensington industrial property for circa $17.5 million in an off-market deal brokered by Dawkins Occhiuto Director Chris Jones.

Australia

Mar, 2019

Food, entertainment change the face of shopping centres

Property Markets / Outlook

Cutting-edge food and design concepts are rapidly infiltrating shopping centres across Australia, with several landlords investing in premium dining and entertainment experiences to try to tap into the millennials’ mindset, according to one industry expert. Savills Australia’s director for Retail Investments, Rick Silberman of Savills Retail Investments, tells us how our love for eating out is changing the face of retail.

Australia

Mar, 2019

Australia’s Home Ownership Aspirations at Risk

Property Markets / Outlook

“Changes to existing capital gains tax and negative gearing arrangements on residential investment properties proposed by the Federal Opposition will dampen first home buyer capacity to save for their first home,” stated HIA’s Managing Director, Graham Wolfe.

Australia

Mar, 2019

CoreLogic: Land prices are falling at a much slower rate than housing prices

Property Markets / Outlook

“The price of land for new residential building has continued to rise despite a fall in demand,” said HIA Chief Economist Tim Reardon. The March 2019 edition of the HIA-CoreLogic Residential Land Report provides updated activity in 47 markets across Australia, including the six state capital cities.

Australia

Mar, 2019

Dexus and DWPF acquire remaining interest in MLC Centre, Sydney

Property Markets / Transactions

Dexus and Dexus Wholesale Property Fund (“DWPF”) today announced that they have entered into an agreement to jointly acquire the remaining 50% interest in the MLC Centre, 19 Martin Place, Sydney1. Dexus and DWPF will each acquire an additional 25% interest in the property for a total price of A$800.0 million.

Australia

Mar, 2019

MLC Centre to spark international investor contest

Property Markets / Transactions

A 50 percent freehold interest in the MLC Centre at 19-29 Martin Place in Sydney’s CBD is being offered for sale via international expressions of interest. Savills Australia’s Ian Hetherington, Simon Fenn and Ben Azar, and Cushman & Wakefield’s Josh Cullen and Mark Hansen, have been exclusively appointed to market the landmark asset.

Australia

Mar, 2019

Tiffany & Co. Sydney flagship store opens at 175 Pitt Street

Property Markets / Transactions

The longstanding partnership between Dexus and Tiffany & Co. marks a major milestone this week with the unveiling of the new Tiffany & Co. Sydney flagship store. Located at 175 Pitt Street the new store will span three levels across 2,270 square metres of office and retail space, located within Sydney’s luxury shopping precinct on the prime corner of King and Pitt streets.

Australia

Mar, 2019

Rents drop in NSW for the first time in 12 years

Property Markets / Outlook

New Data suggests renters in NSW have seen rents drop for the first time in twelve years, but this won’t continue unless around 50,000 houses come onto the Sydney market each year, said Executive Director NSW, David Bare.

Feb, 2019

Taxes in NSW Strangling Future Housing: HIA

Property Markets / Outlook

In the lead up to the NSW election, the NSW residential building industry is being strangled in red tape and taxes, said David Bare, HIA Executive Director NSW. “43 per cent of the cost of a new house and land package is made up of taxes, charges and levies from all three tiers of Government,” said Mr Bare. “Despite this, policies implemented by the State government continue to add to the tax burden for the housing industry.” “By way of example, in the past 18 months, the following regulations and taxes have been implemented or proposed, each one having a negative impact on housing affordability and supply.

Australia

Feb, 2019

CoreLogic Auction Market Preview February 10th 2019

Property Markets / Transactions

The combined capital cities will see an uplift in auction activity this week, with 874 homes set for auction. While this is a considerable increase on the 536 homes auctioned last week, volumes are down 40 percent year on year (1,470).

Australia

Feb, 2019

Australian industrial property the asset of choice for investors

Property Markets / Outlook

Australian industrial property is fast becoming the sector of choice for investors, according to the latest research from Savills Australia. The commercial property agency’s Q4 2018 National Industrial Quarter Time report shows the yield compression cycle remains a reality, as competition to acquire the limited assets that were put up for sale drove yields further down in the second half of last year. The report highlights transactional activity in industrial assets rebounding in 2018, after muted activity in 2017, with about $4.42billion of industrial assets exchanging hands across the country. Almost 50 per cent of that value was brokered in NSW.

Australia

Dec, 2018

Predictions for the Surry Hills residential market 2019

Property Markets / Outlook

The last few years have been a challenging time for those wishing to dive into the property market, but with the median house prices in Sydney down 8.1%* since its peak in 2017, experts predict that house prices will continue to fall opening up new opportunities for those who have previously missed out.

Australia

Dec, 2018

Legune Station sale paves way for Project Sea Dragon

Property Markets / Planning, Zoning, Infrastructure

CBRE Agribusiness has completed the novation of an option to acquire a circa 280,000ha property in the Northern Territory, which is set to become home to one of the world’s largest integrated land-based prawn farms.

Australia / Brisbane

Dec, 2018

Private equity and family office money circling brand new apartment residual stock acquisitions

Property Markets / Outlook

With institutional groups like Mirvac, and Grocon vying to get into the build-to-rent space driven by the Australian supply-demand fundamentals, high net worth family office investors and private equity groups are getting in on the opportunity. “We have 10million dwellings to house a population of 25million people, growing at c.250-350,000 people a year and a cap on new supply”. Says Simon Dahdah, Principal of Belle Property Surry Hills Commercial Division

Australia

Dec, 2018

Sydney's finest penthouse; 565 sqm Horizon comes to the market

Property Markets / Transactions

Stripped back to a bare shell, Level 40 of Sydney’s iconic Horizon building has been meticulously recreated by award-winning interiors firm Mim Design and no expense has been spared in the process.

Australia / Sydney

Nov, 2018

Office becomes resi becomes office

Property Markets / Planning, Zoning, Infrastructure

Demand surges for office development sites

Australia / Melbourne

Nov, 2018

Randwick’s Newest Retail & Dining “Spot”

Property Markets / Planning, Zoning, Infrastructure

Randwick is undergoing significant changes, and there are more to come with Cbus Property launching Newmarket’s new retail and dining precinct leasing campaign this month, which will be followed by the release of their new Torrens titled terrace homes in early 2019.

Australia

Nov, 2018

The Paper Mill set in the heart of Sydney’s 3rd CBD, Liverpool

Property Markets / Outlook

Leading Independent Property Economist, Dr Andrew Wilson: Astute buyers are active now in a downturned market

Australia / Sydney

Nov, 2018

Falling incentives and investment boost drive growth in Sydney office market

Property Markets / Outlook

NSW’s office market has recorded its second strongest sales period in a decade, with a $2.7 billion investment injection in the third quarter set to drive further yield compression by the end of 2018.

Australia / Sydney

Nov, 2018

The Generation Game -Student Senior and Multifamily Occupier Demands

Property Markets / Outlook

By 2030, 20-39 year old’s will comprise 23% the developed world’s population. Those aged over 65 will have risen to 23%. Understanding the demands of these groups matters as they become major real estate occupiers.

Australia

Nov, 2018

Developers spark trend in aged care permits amid growing downsizer market

Property Markets / Planning, Zoning, Infrastructure

Developers are sparking a surge in permit amendments for aged care projects, turning their backs on residential developments and shifting their focus to “independent living”, a hybrid between the aged care sector and traditional apartments, in a fight for Melbourne’s ever-expanding downsizer market.

Australia

Nov, 2018

Hot property in Melbourne’s Chinatown listed for sale

Property Markets / Transactions

A four level freehold building in Melbourne’s Chinatown precinct - one of the city’s most highly pedestrianised areas has been listed for sale for the first time in more than five decades.

Australia / Melbourne

Nov, 2018

Office rents to rise sharply: HTW

Property Markets / Outlook

Tightening vacancy to ease in 2020

Australia / Melbourne

Oct, 2018

Bayside site has permit for 43 apartments

Property Markets / Transactions

Teska Carson (9421 7000) is marketing an outstanding development site with an approved permit for an apartment development at Moorabbin on Melbourne’s south-eastern bayside. The property will be sold by Expressions of Interest closing Wednesday, November 21 at 3pm.

Australia / Melbourne

Oct, 2018

Student accommodation and co-living drive residential investment in Australia

Property Markets / Outlook

Savills releases latest Global Living report

Australia / Sydney

Oct, 2018

Hammer falls at $14.5m on former Melbourne laneway nightspot

Property Markets / Transactions

McKillop House – the home of a former Melbourne laneway nightclub – has sold for $14.5 million after a hotly contested auction that attracted almost 300 people.

Australia / Melbourne

Oct, 2018

Yarra Junction Shopping Centre listed as resi market surges

Property Markets / Transactions

The Yarra Junction Shopping Centre has been listed by its private family owner as a recent population surge in the outer eastern town drives strong residential property price growth.

Australia / Melbourne

Oct, 2018

Work Starts on $40M Landmark Pedestrian & Cycle Bridge

Property Markets / Planning, Zoning, Infrastructure

A landmark bridge for pedestrians and cyclists will soon traverse Delhi Road and the Hills M2 motorway at North Ryde, with the first sod being turned today to mark the start of work on the $40 million project.

Australia / Sydney

Oct, 2018

A piece of The Rocks history hits market

Property Markets / Transactions

Savills Australia lists landmark building in Australia?s top tourist precinct

Australia / Sydney

Oct, 2018

First choice for Perth property syndicate

Property Markets / Outlook

Strengthening investment demand for convenience-based retail has sparked the sale of a big-box liquor store in Perth’s southern suburbs for $7.65 million.

Australia / Perth

Oct, 2018

Reawakening in Perth office market sparks $1bn transaction pipeline

Property Markets / Outlook

Perth’s commercial property market is rising on the radar of investors, with a revival of the state’s economic engine room sparking an upturn in investment activity that could see office transactions for 2018 reach $1 billion.

Australia / Perth

Oct, 2018

Sydney metro assets achieving yields of 5.5 per cent

Property Markets / Outlook

Savills Australia comments on “aggressive” commercial property market in regional NSW

Australia / Sydney

Oct, 2018

Sunshine Coast shopping centre hits the market

Property Markets / Transactions

A popular shopping centre, situated in a prime location in one of the Sunshine Coast?s most historic towns, is for sale.

Sep, 2018

Opportunities at every stage of the cycle: GURNER

Property Markets / Outlook

While the residential market faced numerous headwinds, not the least from the Hayne Royal Commission?s impact on the availability of housing finance, there remained real opportunities in the market, according to Melbourne developer, Tim Gurner.

Australia / Melbourne

Sep, 2018

Local Asian buyers splash $200m in 10 weeks with 41 properties selling for more than $570 million

Property Markets / Transactions

The strong Asian interest in Melbourne?s sub $100 million commercial property market remains despite restrictions on off-shore Chinese investors with CBRE selling 19 properties worth just over $200 million to Asia-linked investors since the first week of July.

Australia / Melbourne

Sep, 2018

Ascott REIT embarks on maiden development project with acquisition of prime site in Singapore for S$62.4 million

Property Markets / Transactions

Acquires greenfield plot to build first coliving property in the innovation business hub, one-north

/ Singapore

Sep, 2018

CapitaLand acquires portfolio of 16 multifamily properties in the United States for US$835 million

Property Markets / Transactions

CapitaLand, through its wholly owned international business unit CapitaLand International, has acquired a portfolio of 16 freehold multifamily properties1 for US$835 million (S$1.14 billion2) in the United States (U.S.). It marks the Group?s foray into the country?s multifamily asset class to ride on the growing demand for long-term rental housing.

United States of America

Sep, 2018

Sydney Metro to offer further retail opportunities

Property Markets / Planning, Zoning, Infrastructure

Savills Australia present exceptional retail space throughout major Sydney Metro Northwest stations.

Australia / Sydney

Sep, 2018

Insto pays $14m for Flight Centre, Brookfield Multiplex home

Property Markets / Transactions

Little Collins building sells on 2.8% yield

Australia / Melbourne

Sep, 2018

Melbourne’s Fringe office market booming

Property Markets / Planning, Zoning, Infrastructure

Near quarter million sqm on the way: prime vacancy under 5%

Australia / Melbourne

Sep, 2018

Retailers sought for one of Sydney’s largest urban renewal projects… Park Sydney

Property Markets / Transactions

Vibrant retailers who reflect Erskineville’s character now sought for Park Sydney

Australia / Sydney

Sep, 2018

Industrial Brisbane on investor lists following economic turnaround

Property Markets / Outlook

Savills Australia releases Q2 2018 Industrial Briefing

Australia / Brisbane

Sep, 2018

Prices soar in Sydney CBD’s south

Property Markets / Planning, Zoning, Infrastructure

Savills Australia comments on recent resurgence of Haymarket and surrounds

Australia / Sydney

Aug, 2018

What your $ buys in Sydney within 30kms of the CBD

Property Markets / Outlook

Think “Sydney Real Estate” and thoughts immediately go to “pricey”.

Australia / Sydney

Aug, 2018

Buyers invited to take advantage of stunning land opportunity with commanding water views

Property Markets / Planning, Zoning, Infrastructure

Savills Australia welcomes vacant block to market in Roseville Chase

Australia / Sydney

Aug, 2018

Rural gem in renowned Mudgee region listed for sale

Property Markets / Transactions

More than 5,000ha of rural land on the banks of the Cudgegong River in New South Wales’ Mudgee region has been listed for sale.

Australia

Aug, 2018

Three parties vie for Charles Sturt University retail asset

Property Markets / Transactions

Savills Australia sells Bathurst freehold on sharp yield of 4.26 per cent

Australia

Aug, 2018

Victorian government to sell six development sites

Property Markets / Planning, Zoning, Infrastructure

Savills Australia appointed to market DELWP portfolio

Australia

Aug, 2018

Complications with new housing supply & affordability lead to build-to-rent

Property Markets / Outlook

In a recent maneuver, the NSW government and planning minister Anthony Roberts has handed approval and gazettal responsibility from State Government to the Inner West and Canterbury-Bankstown local councils.

Australia

Aug, 2018

Green Square's tallest building reaches completion

Property Markets / Outlook

OVO completes on schedule as Sydney?s newest village takes shape

Australia

Aug, 2018

Trophy asset for the Bondi Hall of fame

Property Markets / Transactions

62 Hall Street on the market for $10 million plus

Australia / Sydney

Aug, 2018

Australia's main CBD markets record decline in office vacancy

Property Markets / Outlook

Savills Australia comments on PCA Office Market Report mid-year results

Australia

Aug, 2018

Oceanside jewel in Perth’s northern growth corridor hits the market

Property Markets / Transactions

Two prized englobo development sites in Perth’s northern beaches are being offered to the market for sale, unlocking over 1km of ocean front land in one of the city’s fastest growing precincts.

Australia / Perth

Aug, 2018

Downsizers discovering the benefits of apartment life

Property Markets / Outlook

A leading Australian developer Crown Group has highlighted an emerging trend in Australia which sees seniors downsizing earlier for lifestyle reasons.

Australia / Sydney

Aug, 2018

CoreLogic July Home Value Index results 2018

Property Markets / Outlook

Housing downturn gathers momentum in July, with national dwelling values falling at the fastest annual rate since 2012

Australia

Jul, 2018

Local Chinese buyers put $500 million into Vic assets

Property Markets / Transactions

Families, syndicates filling the gap left by off-shore investors

Australia / Melbourne

Jul, 2018

Retail sales frenetic amidst sector upheaval

Property Markets / Outlook

"?online competition may, ironically, underpin its survival."

Australia / Melbourne

Jul, 2018

Olivine set to join the ranks amongst the world's most resilient communities

Property Markets / Planning, Zoning, Infrastructure

Mirvac?s Olivine community at Donnybrook has been selected to take part in the 100 Resilient Cities (100RC) initiative ? a global project being pioneered by the Rockefeller Foundation ? to foster sustainable urban development through best practice community engagement.

Australia / Melbourne

Jul, 2018

Pellicano's sell family asset for $9.75m

Property Markets / Transactions

A Bentleigh commercial property, which had belonged to members of the Pellicano family for 30 years, has sold to a local Melbourne developer for $9.75 million.

Australia / Melbourne

Jul, 2018

Construction commences on a new boutique office tower in Brisbane's Golden Triangle

Property Markets / Planning, Zoning, Infrastructure

The BVN designed building will comprise 12 floors from the street level plaza to an exclusive rooftop ‘Sky Terrace’ with views to the Brisbane River, offering boutique office space (with average 625 square metre floor plates) across 7,200 square metres.

Australia / Brisbane

Jul, 2018

Autumn brings positive change

Property Markets / Outlook

The first half of the year has allayed fears that a dramatic decline in buyer activity is on the cards and the market is set for a more subdued phase. After a relatively quiet start to the year, activity in the second quarter picked up substantially, proving that there is still considerable appetite for real estate assets in Australia.

Australia

Jun, 2018

Developer Merhis supports affordability with Blacktown project

Property Markets / Planning, Zoning, Infrastructure

Key workers lead sales inquiry for Inspire by Merhis Living in Blacktown

Australia / Sydney

Jun, 2018

Tide turns in Adelaide office market as economy fires

Property Markets / Outlook

The tide has turned in Adelaide’s office sector, with a resurgence of the state’s key growth industries boosting the market to its strongest position in several years.

Australia

Jun, 2018

Neutral Bay Strata Owners amalgamate to double their profits

Property Markets / Transactions

Colliers International will sell a $20+m luxury Neutral Bay development site on behalf of the property's Strata Owners Group.

Australia / Sydney

Jun, 2018

Neutral Bay Strata Owners amalgamate to double their profits

Property Markets / Transactions

Colliers International will sell a $20+m luxury Neutral Bay development site on behalf of the property's Strata Owners Group.

Australia / Sydney

Jun, 2018

The Long Game; MP Funds Management's view on the residential sector

Property Markets / Outlook

The mainstream press is talking the residential market down pretty thoroughly at the moment, and the APRA lending restrictions and Royal Commission is severely affecting the market with bank-provided development and construction loans slow and virtually non- existent.

Australia

Jun, 2018

Shrinking Sydney drives changes in industrial warehousing developments

Property Markets / Planning, Zoning, Infrastructure

Savills Australia comments on advantages of building commercial property up, not out

Australia / Sydney

May, 2018

Government halts high rise residential approvals in Ryde

Property Markets / Planning, Zoning, Infrastructure

CWG?s Stellar boutique development, where early earthworks have already commenced, represents the last chance to buy into a new, boutique development near Top Ryde Shopping Centre until 2022

Australia / Sydney

May, 2018

St Marys industrial site snapped up within two weeks of settlement

Property Markets / Transactions

An industrial property in Sydney?s outer west suburb of St Marys has been leased shortly after its recent sale ? highlighting the shortage of available stock in western Sydney.

Australia / Sydney

May, 2018

GURNER™s $35 million "Spanish Club Residences" project reaches 100 percent sold in only three hours

Property Markets / Transactions

Luxury property developer GURNER™ has witnessed an unprecedented sell-out success at its latest project, the Spanish Club Residences, where all 32-apartments worth a combined $35m sold in just three hours.

Australia / Melbourne

May, 2018

Australian cities ranked among the world?s 'greenest' in new study

Property Markets / Outlook

Major metropolitan office markets across the globe are seeing a significant increase in the adoption of ?green? building certification programs, according to the inaugural International Green Building Adoption Index (IGBAI) ? a study by CBRE and Maastricht University (Netherlands).

Australia

May, 2018

A performance snapshot of key luxury property markets

Property Markets / Outlook

In the first instalment of our new Data View column, International View invites you on a whistle-stop tour of the world’s key luxury property markets by Kate Everett-Allen.

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

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.

Australia

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.

Australia

Apr, 2018

Industry group rejects inclusionary zoning benefits

Property Markets / Outlook

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

Australia

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 Australia?s construction industry in March.

Apr, 2018

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

Property Markets / Transactions

The ACT’s 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.

Australia

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.

Australia

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.

Australia

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 school?s 4-hectare campus at New South Head Road, Edgecliff.

Australia

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 Sydney’s Waterloo, part of a five-building development in the Green Square urban renewal precinct.

Australia / Sydney

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 buyer’s decision says Right Property Group buyers’ agent Victor Kumar.

Australia / Brisbane

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.

Australia

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

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.

Australia / Melbourne

Apr, 2018

Investors shift attention from Sydney to Melbourne industrial assets

Property Markets / Outlook

Savills Australia releases Q1 2018 National Industrial Quarter Time report

Australia / Melbourne

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

Australia / Brisbane

Apr, 2018

Bottega on the menu for investors

Property Markets / Transactions

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

Australia / Melbourne

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.

Australia / Sydney

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.

Australia

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.

Australia

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.

Australia

Mar, 2018

Australian population to hit 25 million

Property Markets / Outlook

Australia’s 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.

Australia

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.

Australia

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.

Australia / Sydney

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.

Australia / Sydney

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 Australia’s 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.

Australia / Melbourne

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 Sydney’s growing North West region.

Australia / Sydney

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.

Australia / Perth

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.

Australia

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.

Australia

Mar, 2018

Triguboff remains confident in Sydney’s unit market, with $80 million purchase

Property Markets / Transactions

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

Australia / Sydney

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.

Australia / Melbourne

Mar, 2018

Super-tall tower coming to George Street

Property Markets / Planning, Zoning, Infrastructure

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

Australia / Sydney

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 Sydney’s lower north shore could fetch up to $150 million, with the properties’ owners actively seeking buyers.

Australia / Sydney

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.

Australia

Mar, 2018

Developers compete for historic London regeneration project

Property Markets / Planning, Zoning, Infrastructure

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

United Kingdom / London

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.

Australia

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.

Australia / Sydney

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.

Australia

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.

Australia / Alexandria

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.

Australia / Sydney

Mar, 2018

Central Station to receive $955 million upgrade

Property Markets / Planning, Zoning, Infrastructure

A $955 million contract to renew Sydney’s Central Station has been given to engineering firm Laing O’Rourke.

Australia / Sydney

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.

Australia / Sydney

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.

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.

Australia / Sydney

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.

Australia / Sydney

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.

Australia

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.

Australia / Sydney

Mar, 2018

Education levels determine locale, demographer says

Property Markets / Outlook

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

Australia

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.

Australia / Sydney

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 Sydney’s new metro stations in the city’s northwest.

Australia / Sydney

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.

Australia / Sydney

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.

Australia / Sydney

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.

Australia / Sydney

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.

Australia / Sydney

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.

Australia

Feb, 2018

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

Property Markets / Transactions

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

Australia

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.

Australia

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 Sydney’s lower north shore.

Australia / Sydney

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.

Australia

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.

Australia / Sydney

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 Australia’s 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.

Australia

Feb, 2018

Eyewatering site for developers at St Kilda

Property Markets / Planning, Zoning, Infrastructure

Esplanade site has permit for 25,581sqm resi project

Australia / Melbourne

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.

Australia / Melbourne

Feb, 2018

Transport and logistics fuel Melbourne’s industrial leasing market

Property Markets / Outlook

Savills Australia releases Q4 2017 Industrial Briefing

Australia / Melbourne

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.

Australia

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.

Australia

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.

Australia

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.

Australia

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.

Australia

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.

Australia

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

India

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.

Australia

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.

Australia

Jan, 2018

CBD tenant migration limited by tight vacancy

Property Markets / Outlook

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

Australia

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.

Australia

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.

Australia

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.

Australia

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.

United Arab Emirates

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.

Australia

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.

China

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.

Australia

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

Australia

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

Australia

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.

Australia

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.

Australia

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.

Australia

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  the structural phase of the new Flinders Centre Bankstown, with the $55 million project on schedule for a mid-2018 grand opening. Â

Australia

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

Australia

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.

Australia

Dec, 2017

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

Property Markets / Planning, Zoning, Infrastructure

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

Australia

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

Australia

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.

Australia

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

Australia

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.

Australia

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

Australia

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

Australia

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.

Australia

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.

Australia

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.

Australia

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

China

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.

Australia

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

Australia

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.

Hong Kong SAR

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

Australia

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.

Australia

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

Australia

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 £1.3 billion in the third quarter of 2017, the highest quarter on record since 2013, the latest index shows.

Australia

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.

Australia

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.

Australia

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

Australia

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

Australia

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

Australia

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.

Australia

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.

Australia

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.

Australia

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.

Australia

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.

Australia

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.

Australia

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.

Australia

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

Australia

Sep, 2017

Box Hill Boom Continues with $13.5m Sale

Property Markets / Transactions

1653 sqm site â?? sold off-marketÂ

Australia

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 following the Victorian Government's approval of Capital Alliance's mixed-use scheme this week.

Australia

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.

Australia

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.

Australia

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

Australia

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.

Australia

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.

Australia

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.

Australia

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.

Australia

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

Australia

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.

Australia

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 £2.2 billion of offices over the first half of this year, new research has found.

Hong Kong SAR

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.

Singapore

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.

Australia

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

Australia

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.

Australia

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

Australia

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.

Australia

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.

United States of America

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

France

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.

Australia

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.

Australia / Melbourne

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.

United States of America

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.

Australia

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.

United States of America

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.

United States of America

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

Hong Kong SAR

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.

United Arab Emirates

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.

Australia

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

Australia

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.

Australia

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.

Australia

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.

Australia

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.

United States of America

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.

Australia

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

Australia

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.

Australia

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

France

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.

Australia

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.

United States of America

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.

Australia

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.

Australia

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.

India

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.

Australia

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.

England

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.

Australia

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

Australia

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

Australia

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.

Australia

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

Australia

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

United States of America

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.

England

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.

Australia

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.

Australia / Melbourne

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.

Australia

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.

China

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

United States of America

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.

Australia / Melbourne

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.

United Arab Emirates

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.

United States of America

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.

Australia

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

Australia

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.

Hong Kong SAR

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.

Indonesia

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

Burma

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

Australia

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

Australia

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.

Australia

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.

Australia

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

Australia

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.

Australia

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.

United States of America

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

England

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.

China

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.

Australia

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.

Australia

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.

Australia / Melbourne

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.

United Arab Emirates

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.  

Australia / Sydney

Apr, 2017

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

Property Markets / Technology

Only in Japan.

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.

United Arab Emirates

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.

United States of America

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.

Australia

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.

England

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.

United States of America

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.

Australia

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??topping outâ? The Terraces at Paddington, the $180 million over 55s community being developed at the Scottish Hospital site on Brown Street.

Australia

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

Australia

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.

United States of America

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

Australia

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 deliver the $900 million Westmead Redevelopment, the State's largest hospital redevelopment project that will generate some 1,500 construction jobs per year.

Australia

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.

Australia

Apr, 2017

Master planned Great Ocean Rd site with views

Property Markets / Transactions

21 hectare site to fetch $20 million plusÂ

Australia

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.

United States of America

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.

Australia

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.

Australia

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.

England

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

Australia

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.

Hong Kong SAR

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.

Australia

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.

Australia

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

Hong Kong SAR

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

United States of America

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 program nationally.

Australia

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 Sydney purchasing a 60,000 sqm site in the emerging suburb of Spring Farm.

Australia

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.

Australia

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.

Australia

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.

Australia

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

Australia

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

Australia

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.

England

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.

Australia

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.

Australia

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 café/studio premises at Cremorne (Richmond) in Melbourne's inner eastern suburbs.Â

Australia

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.

Australia

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.

United States of America

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.

England

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.

Australia

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.

Australia

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.

Australia

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.

Australia

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.

England

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

China

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

United States of America

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.

Australia

Feb, 2017

Fringe markets hot as investors chase yield

Property Markets / Outlook

Fringe CBD vs CBD yields show attractive differential

Australia

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

China

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.

United States of America

Feb, 2017

Global Hotel Investor Outlook for 2017 Revealed

Property Markets / Outlook

More mergers, acquisitions expected while investment volumes to hold steady

Australia

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.

Australia

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.

United States of America

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.

Hong Kong SAR

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.

Australia

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.

Australia

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

Australia

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.

Australia

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.

United Arab Emirates

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.

Australia

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

United States of America