Jul, 2019

Uniting Church BPM sell 130 Little Collins St for c. $40m

Property Markets / Transactions

The Uniting Church Synod of Victoria and Tasmania and partner BPM, have successfully transacted 130 Little Collins Street to a locally based investor. Jeff Xu’s Golden Age has reportedly paid in excess of $40m for the site.

Australia

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

Altis acquires discounted brand new apartment stock for $35m

Property Markets / Transactions

Altis Property Partners, have paid approximately $35 million for 61 unsold units at the Gondon Elysee project at 1-5A Cliff Road and 6-10 Carlingford Road in Sydney's northwest. The apartment project has a total of 130 units at Epping and the Altis acquisition represents a discount of about 32 percent to the $52 million book value.

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 Essential Development Site | Approved Boutique in the Inner West

Property Markets / Transactions

The Inner West retail and mixed use development site market is set to be tested with 731-735 Darling Street, Rozelle listed by James Cowan and Joseph George of Colliers International. With limited land supply and a competitive retail and investment market, the property is expected to gather wide and varied interest from owner-occupiers, investors and developers.

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

London Home Sellers Offer Ever-Growing Discounts

Property Markets / Outlook

London homebuyers are getting the biggest discounts in at least six years, according to data from Zoopla. The average reduction on a home in 13 inner London boroughs jumped to 7.6% in the first quarter, up from 7% a year earlier, the property-search website said in a report Wednesday. The residential real estate market in the U.K. capital has been stung in recent years by the introduction of new taxes and the uncertainty surrounding Brexit.

England

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

Prahran warehouses primed for purchase

Property Markets / Transactions

Two Prahran warehouses have come to market with expectations of more than $8million, as developers continue to scour the city fringe for untapped opportunities. Located 100 metres from bustling Chapel Street at 35-39 Clifton Street, one of the properties is leased to popular juice brand, Emma & Tom’s. The other, at 41-43 Clifton Street, is owner-occupied and will be sold with vacant possession.

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

CapitaLand unveils design of One Pearl Bank in Singapore

Property Markets / Transactions

CapitaLand has unveiled the highly-anticipated design of One Pearl Bank perched atop the verdant Pearl’s Hill. The development comprises two gently curving 39-storey towers linked at the roof by dramatic sky bridges. The slender, curved facades create a light and airy effect, providing ample space for residents and onlookers to look out and through the towers to admire the stunning views atop the hill. Towering at 178 metres, One Pearl Bank will be the tallest residential development in the Outram-Chinatown district in Central Singapore, offering panoramic views that extend from the Central Business District to Sentosa.

Singapore

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

GURNER™ CONTINUES TO BREAK RECORDS AT SAINT MORITZ, SELLING $80MILLION IN FIVE PENTHOUSES OFF MARKET IN 36 HOURS

Property Markets / Transactions

Luxury property developer GURNER™ has defied the market yet again with almost $80million in off-market penthouse sales achieved in just 36 hours at its defining new development, Saint Moritz, as Melbourne’s wealthy business set emerge as buyers of the multi-million-dollar properties.

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

New Home Sales Trending Down

Property Markets / Outlook

“New home sales remained subdued in February, with just a 1.0 per cent increase across Australia, against a downwards trend that has been evident since the end of 2017,” stated HIA’s Chief Economist, Tim Reardon.

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

Woolworths Ivanhoe to spark investor contest

Property Markets / Transactions

Ivanhoe’s Woolworths supermarket has hit the market with expectations of more than $20million, presenting buyers with the opportunity to invest in a trophy retail asset in Melbourne’s densely populated inner east.

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

Prime rents up 27% in sought after St Kilda Road office market

Property Markets / Outlook

St Kilda Road office rents have grown nearly 50 per cent over the past seven years and a staggering 27 per cent in the past 12 months (to Dec) reflecting both the historically tight CBD market and the recent withdrawal of St Kilda Rd stock, according to CBRE research.

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

Medical professionals flock to Melbourne's north for office space

Property Markets / Transactions

Medical professionals have snapped up the rare opportunity to purchase office suites in Melbourne’s northern growth corridor, with MAB’s $18 million 7 Ormond development achieving strong sales results in its first release.

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

Mixed outlook for Brisbane office despite investor demand; M3 Property

Property Markets / Outlook

Investor appetite for Brisbane office assets, which has driven an average 180 basis points fall in yields in recent years, looks likely to continue over 2019 aided by falling vacancy, forecast effective rental growth, and tight investment markets in Melbourne and Sydney, according to independent valuer m3property.

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

$9.21billion of retail assets transact in 2018, second strongest year on record

Property Markets / Transactions

A whopping $9.21billion of retail assets was transacted in 2018, despite mounting media noise surrounding retail trading pressure, according to the latest research from Savills Australia. The agency’s Q4 2018 National Retail Quarter Timeresearch report highlights the sales volume as the second highest on record, reflecting strong ongoing investor confidence in the sector.

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

Two decade review-CoreLogic Property Pulse

Property Markets / Outlook

A review of Australia’s property market over the past twenty years by CoreLogic research analyst Cameron Kusher showed that while the housing market has experienced weaker conditions over the past year, it is a different story over the longer term with most cities seeing substantial gains. Top performer Melbourne recorded the greatest value gains of $274.4% over the period.

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

Housing Industry Australia- Building approvals lowest in 5 years

Property Markets / Outlook

“Building approval data released today shows that the slowdown in building activity accelerated at the end of 2018,” stated HIA Principal Economist, Tim Reardon. ABS data released today shows that a total of 13,995 homes (seasonally adjusted) were approved for construction in the month of December 2018. “This represents a 23.7 per cent decline in approvals for the three months to December 2018 compared to the same time frame in 2017,” added Mr Reardon. “This was led by a 40.1 per cent fall in approvals for apartments for the quarter. Houses fell by just 7.8 per cent. This brings approvals back to 2013 levels. “The boom in approvals of apartments is now over".

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

Australia sees continued strength in construction applications

Property Markets / Outlook

2,210 new projects entered Australia’s construction work pipeline in November 2018, with their combined worth of $25bn being nearly double the 3 year median value.

Australia

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

Nov, 2018

Pressure mounts to assess the future of golf course land

Property Markets / Planning, Zoning, Infrastructure

Savills Australia comments on the future of Melbourne’s golf courses

Australia / Melbourne

Nov, 2018

Office becomes resi becomes office

Property Markets / Planning, Zoning, Infrastructure

Demand surges for office development sites

Australia / Melbourne

Nov, 2018

Australia's largest engineered timber commercial building opens in Brisbane

Property Markets / Planning, Zoning, Infrastructure

Lendlease’s 25 King in Brisbane designed by Australian architecture and interiors firm Bates Smart, takes Australia to the forefront of innovation in timber construction design.

Australia / Brisbane

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

MAB unveils new public park and its vision for the completion of NewQuay

Property Markets / Planning, Zoning, Infrastructure

After more than 20 years transforming the northern banks of Victoria Harbour into an integrated, vibrant and diverse waterfront suburb, developer MAB has unveiled its vision for the completion of the 14-hectare site.

Australia

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

Trophy CBD retail corner asset headlines Melbourne auction event

Property Markets / Transactions

A CBD supermarket and several ground floor retail shops at the base of an iconic Collins Street apartment tower are being offered for sale for the first time.

Australia / Melbourne

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

$68m of sales transact via Jason Boon in the 90 days to November in Sydney’s sought-after Potts Point.

Property Markets / Transactions

Whilst Australia’s residential property market sleeps, the vibrant and eclectic suburb on Sydney’s Fringe is alive with activity.

Australia / Potts Point

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

September 2018 quarter portfolio update - Dexus

Property Markets / Outlook

Dexus today announced a property portfolio operational update for the quarter ended 30 September 2018. Darren Steinberg, Dexus Chief Executive Officer said: ?Strong leasing in Sydney during the first quarter combined with the securing of trading profits from the settlement of 32 Flinders Street, Melbourne have set the group up to achieve our FY19 market guidance of circa 5% growth in distribution per security.?

Australia

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

No sign of office occupier demand slowing

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

Key components of the Draft St Leonards and Crows Nest 2036 Plan

Property Markets / Planning, Zoning, Infrastructure

The NSW Department of Planning and Environment yesterday exhibited the much-anticipated documents that will guide the rezoning of the St Leonards and Crows Nest area. Critically, the Draft St Leonards and Crows Nest 2036 Plan provides detailed guidance around proposed zoning, height, floor space ratios, open space and ?Significant Sites? (a new aspect in the DP&E Planned Precincts program) within the study area.

Australia

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

Burwood units up for grabs for first time in 36 years

Property Markets / Transactions

Savills Australia appointed to market development-ready residential complex in Sydney?s inner west

Australia / Sydney

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

Sep, 2018

Bi-partisan Support for a Federal Housing Minister

Property Markets / Outlook

Bi-partisan support for a Federal Housing Minister recognises the urgent need to address our housing affordability challenges at a national level, said the Housing Industry Association today.

Australia

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

Retail asset fetches $6.3 million

Property Markets / Transactions

Savills Australia sell a 818 sqm retail property in Melbourne?s eastern suburbs

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

Akoya Apartments are the newest jewel in North Sydney

Property Markets / Transactions

Demand continues to rise for quality apartments in Sydney?s lower North Shore

Australia / Sydney

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

Celebrating the evolution of Canary Wharf with #UnpredictiveText

Property Markets / Planning, Zoning, Infrastructure

The evolution of Canary Wharf is being celebrated in an artistic new campaign titled #UnpredictiveText.

Australia

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

Time poor consumers driving shift to convenience-based retail in major Australian retail markets

Property Markets / Planning, Zoning, Infrastructure

Time poor consumers are demanding more convenience-based retail in Australian CBDs, with banks, supermarkets and health insurance companies growing their footprint in major city retail precincts across the country.

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

St Kilda Art Deco flats listed in tight market

Property Markets / Transactions

A block of fully refurbished Art Deco style apartments in St Kilda has hit the market as city fringe apartments continue to maintain strong investor and owner-occupier demand with local vacancy at a low 1.5 per cent.

Australia / Melbourne

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

Developers and home-buyers go head to head in Sydney?s suburbs

Property Markets / Transactions

Savills Australia sells Ashfield residence to Chinese developer for $2.47million at competitive auction

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

Collective sale on Macquarie Street puts 21 strata suites up for grabs

Property Markets / Transactions

21 strata office suites in the Sydney CBD are to be offered in one line as part of a collective sale at 195 Macquarie Street.

Australia / Sydney

Aug, 2018

Victorian government to sell six development sites

Property Markets / Planning, Zoning, Infrastructure

Savills Australia appointed to market DELWP portfolio

Australia

Aug, 2018

NSW 2018 Budget commits $87.2 billion to new infrastructure projects

Property Markets / Planning, Zoning, Infrastructure

The NSW Government is delivering the benefits of its strong financial management to families and individuals across the State, with cost of living relief, unprecedented school investment and record hospital funding among centerpieces of the 2018-19 NSW Budget.

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

NSW Government the first to launch 'Build-To-Rent'

Property Markets / Planning, Zoning, Infrastructure

Renters and social housing tenants will be among the first to benefit from the NSW Government?s Build-to-Rent model ? part of the largest social and affordable building program in the country, Communities Plus.

Australia

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

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

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

Jul, 2018

New Home Sales Rise for the First Time in 2018

Property Markets / Outlook

“New home sales rose 2.0 per cent in June 2018, the first rise this year,” stated HIA’s Principal Economist, Tim Reardon.

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

Double Bay icon to be returned to its former glory

Property Markets / Transactions

A company lead by well-known Sydney developer Eduard Litver has acquired the retail-component of the iconic Cosmopolitan Centre Double Bay from Stamford Group. Mr Litver plans to rejuvenate the island precinct as a sophisticated, world-class venue reminiscent of its indulgent past with a modern twist.

Australia / Sydney

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

Australia’s ageing population driving healthy returns for private hospital assets

Property Markets / Outlook

Australia’s ageing population is helping position private hospital real estate as the top ticket for property investors, with returns of more than 25% in 2017 outperforming the traditional office, retail and industrial classes.

Australia / Sydney

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

Jun, 2018

Bidding war between owner-occupier and developer sees Abbotsford site sell on 300th bid

Property Markets / Planning, Zoning, Infrastructure

An owner-occupier has fought off a land banker/developer with the 300th bid at a marathon auction to pay $3.126 million for a commercial building with development upside in the increasingly popular Abbotsford.

Australia / Abbotsford

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

New proptech firm Residently reveals London’s rental hotspots

Property Markets / Outlook

New proptech firm Residently has revealed London?s rental hotspots.

England / London

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

Australian lending restrictions affect affordability

Property Markets / Outlook

As Australia’s housing affordability crisis worsens despite failed government measures to address the issue, experts across the property and finance industries are warning that unless relaxed, these regulatory measures will cripple the property market and render the great Australian dream even farther out of reach for every day consumers.

Australia

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

May, 2018

Smart money buys big blocks

Property Markets / Transactions

Rose Bay apartment block with DA imminent on the market

Australia

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

Second Sydney airport development paves the way for new metropolis of three cities

Property Markets / Planning, Zoning, Infrastructure

Australia’s largest capital city is in a state of major transformation, with the imminent construction of Sydney’s second airport at Badgery’s Creek paving the way for a new metropolis of three cities that will be home to more than eight million people over the next 40 years.

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

Investors benefit from extended cycle

Property Markets / Outlook

Dexus Research today released the Australian Real Estate Quarterly Review Q2 2018 with the focus this quarter on the positive investment climate being experienced by commercial property investors.

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

Sale confirmed for Murrumbidgee Valley’s Gundaline Station

Property Markets / Transactions

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

Australia

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

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

Property Markets / Outlook

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

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

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

Property Markets / Planning, Zoning, Infrastructure

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

Australia / Sydney

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

City office rents skyrocket

Property Markets / Outlook

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

Australia / Sydney

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

Sydney’s housing prices to bottom out, figures suggest

Property Markets / Outlook

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

Australia / Sydney

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

Beachside Tamarama named Australia’s best performer

Property Markets / Planning, Zoning, Infrastructure

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

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

Little spends $19.1 million on mixed-use project

Property Markets / Planning, Zoning, Infrastructure

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

Apr, 2018

Housing affordability depends on new homes, says HIH

Property Markets / Outlook

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

Australia

Apr, 2018

Student accommodation developers zone in on Burwood

Property Markets / Transactions

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

Australia / Melbourne

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

Office fringe markets in Sydney and Melbourne outperform CBDs

Property Markets / Outlook

Savills Australia releases Q1 2018 National Office Quarter Time report

Australia / Sydney

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

Broome Maccas sale to tap offshore investment appetite

Property Markets / Transactions

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

Australia

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

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

Property Markets / Transactions

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

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

Australia sees record-breaking auction week

Property Markets / Transactions

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

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

First build-to-rent project comes to Sydney

Property Markets / Outlook

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

Australia / Sydney

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

Logos marks Yennora divestment with $14.15m sale

Property Markets / Transactions

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

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

Private interstate investor snaps up Coles Riverton, Perth

Property Markets / Transactions

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

Australia / Perth

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

Office development may go ahead without precommitment

Property Markets / Planning, Zoning, Infrastructure

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

Australia / Melbourne

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

Sydney’s east in high demand

Property Markets / Transactions

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

Australia / Sydney

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

Allianz’s exit leaves Charter Hall poised for takeover of $600 million tower

Property Markets / Transactions

Charter Hall Group will take full control of a Market Street tower, valued at almost $600 million, purchasing the half it doesn’t yet own from insurance group Allianz.

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

Ashe Morgan sells one and buys two

Property Markets / Transactions

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

Australia / Sydney

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

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

Property Markets / Planning, Zoning, Infrastructure

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

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

Private owners battle the government over compulsory acquisition values

Property Markets / Planning, Zoning, Infrastructure

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

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

Bacchus Marsh town centre hits the market

Property Markets / Transactions

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

Australia

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

Evolution of Sydney’s North Shore sees APIL and Wingate capitalise on back of new infrastructure

Property Markets / Planning, Zoning, Infrastructure

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

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

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

Property Markets / Transactions

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

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

Sydney property market a hive of activity

Property Markets / Transactions

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

Australia / Sydney

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

Blackstone doubles its money following Fortius’ $140 million purchase

Property Markets / Transactions

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

Australia / Sydney

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

Marr family nabs Double Bay asset for $14.7 million

Property Markets / Transactions

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

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

Melbourne Quarter tops out first office tower

Property Markets / Technology

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

Australia / Melbourne

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

Feb, 2018

Cushman Wakefield report dramatic fall in Chinese investment

Property Markets / Outlook

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

Australia

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

Prime location - Glebe apartment building hits the market.

Property Markets / Transactions

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

Australia / Sydney

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

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

Property Markets / Transactions

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

United Kingdom / London

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

Vacancy rates tighten in Wollongong office market - St Trinity

Property Markets / Transactions

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

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

Hampton leasehold has 3 frontages and develop potential

Property Markets / Transactions

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

Australia / Melbourne

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

Rushy Lagoon sale provides generational opportunity to secure Tasmania’s largest farm

Property Markets / Transactions

CBRE Agribusiness has been appointed to market for sale Tasmania’s largest farm – boasting four dairies and sprawling more than 20,000ha in the state’s north east.

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

Mascot leading the charge for new-look offices

Property Markets / Planning, Zoning, Infrastructure

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

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

Developer pays $2.125m for Parkdale apartment site

Property Markets / Transactions

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

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

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

Property Markets / Outlook

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

United States of America

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

Landlords in sweet spot as office vacancies hit record low

Property Markets / Outlook

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

Australia

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

Hawksburn retail offered first time in 60 years

Property Markets / Planning, Zoning, Infrastructure

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

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

CanTeen snaps up Trocadero for $13m

Property Markets / Transactions

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

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

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

Property Markets / Outlook

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

United States of America

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

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

Property Markets / Planning, Zoning, Infrastructure

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

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

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

Property Markets / Outlook

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

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

Commercial property market in Europe starts 2018 on a positive note

Property Markets / Outlook

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

England

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

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

Property Markets / Outlook

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

England

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

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

Property Markets / Outlook

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

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

Lendlease's Barangaroo set to export water

Property Markets / Planning, Zoning, Infrastructure

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

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

Government makes school-for-cash deal in Truganina

Property Markets / Planning, Zoning, Infrastructure

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

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

Government surplus land sales net $31 million

Property Markets / Transactions

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

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

Cafe gold strikes in Abbotsford

Property Markets / Planning, Zoning, Infrastructure

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

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

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

Property Markets / Planning, Zoning, Infrastructure

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

Nov, 2017

Elermore Shopping Centre sold for $18m

Property Markets / Transactions

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

Australia

Nov, 2017

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

Property Markets / Planning, Zoning, Infrastructure

Plans for a permanent park at the intersection of Flinders and Elizabeth streets have been postponed until after a $40 million revamp of an office building on the corner has been completed.

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

Industrial spec developments gathering pace

Property Markets / Planning, Zoning, Infrastructure

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

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

Oct, 2017

Landlords turn building foyers into cafes

Property Markets / Planning, Zoning, Infrastructure

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

Australia

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

Brighton Le Sands seeks parking solution

Property Markets / Planning, Zoning, Infrastructure

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

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

Blackstone Seeks $10 Billion for Infrastructure

Property Markets / Planning, Zoning, Infrastructure

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

United States of America

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

Merivale moves in Marrickville buying Vic On The Park

Property Markets / Transactions

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

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

Midtown's walkability impresses Oklahoma mayor known for transforming city

Property Markets / Planning, Zoning, Infrastructure

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

United States of America

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

Historic bluestone CBD building sells for $2.3m

Property Markets / Transactions

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

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

Byron Bay $120m resort construction wraps up

Property Markets / Planning, Zoning, Infrastructure

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

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

Hyde Park Dress Circle taking shape in Sydney CBD

Property Markets / Planning, Zoning, Infrastructure

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

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

DAs no longer at the mercy of Sydney Councils

Property Markets / Planning, Zoning, Infrastructure

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

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

Aug, 2017

Another inner-city pub for sale

Property Markets / Transactions

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

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

Goodman looks to robots to boost demand for warehouses

Property Markets / Technology

Goodman Group will use a potential windfall of $2 billion from looming asset sales to develop highly automated logistics centres where artificial intelligence will boost efficiency for tenants.

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

Industrial players jostle for land

Property Markets / Planning, Zoning, Infrastructure

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

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

Dubai posts USD106bn in transactions over 18 months

Property Markets / Transactions

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

United Arab Emirates

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

More beds on Royal Parade for students

Property Markets / Planning, Zoning, Infrastructure

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

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

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

Property Markets / Planning, Zoning, Infrastructure

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

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

Jul, 2017

Deals and Deeds

Property Markets / Transactions

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

Australia

Jul, 2017

Flammable building cladding will have to be removed, VBA says

Property Markets / Planning, Zoning, Infrastructure

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

Australia

Jul, 2017

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

Property Markets / Planning, Zoning, Infrastructure

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

United States of America

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

London office sales primarily driven by Hong Kong investors in 2017

Property Markets / Transactions

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

England

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

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

Property Markets / Outlook

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

Australia

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

City offices vacancies at their lowest point in four years

Property Markets / Outlook

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

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

Hong Kong skyscrapers most expensive real estate assets in the world

Property Markets / Outlook

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

Hong Kong SAR

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

Deals and Deeds

Property Markets / Transactions

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

Australia

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

London's Grosvenor House hotel has a new owner

Property Markets / Planning, Zoning, Infrastructure

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

England

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

Hong Kong has the priciest skyscrapers in the world

Property Markets / Planning, Zoning, Infrastructure

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

Hong Kong SAR

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

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

Property Markets / Transactions

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

United States of America

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

Low supply in North Sydney sees record rates

Property Markets / Outlook

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

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

Airports in the US now will have full-service gyms

Property Markets / Planning, Zoning, Infrastructure

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

United States of America

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

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

Property Markets / Planning, Zoning, Infrastructure

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

United States of America

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

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

Property Markets / Outlook

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

United States of America

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

MVRDV completes Baltyk, its first building in Poland

Property Markets / Planning, Zoning, Infrastructure

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

Poland

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

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

Property Markets / Planning, Zoning, Infrastructure

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

Australia

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

Malaysian developer launches South Yarra tower

Property Markets / Planning, Zoning, Infrastructure

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

Australia

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

Five bidders drive record industrial yield

Property Markets / Transactions

Moorabbin property sells on 4.5% yieldÂ

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

Deals and deeds

Property Markets / Transactions

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

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

McBride Charles Ryan have designed the Saigon Welcome Arch in Melbourne

Property Markets / Planning, Zoning, Infrastructure

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

China

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

King Street building sells for $5.4m

Property Markets / Transactions

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

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

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

Property Markets / Outlook

A shift from last year's policy direction

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

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

Property Markets / Transactions

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

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

Deals and Deeds

Property Markets / Transactions

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

Australia

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

Empty shops not deterring investors

Property Markets / Planning, Zoning, Infrastructure

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

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

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

Property Markets / Planning, Zoning, Infrastructure

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

China

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

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

Property Markets / Planning, Zoning, Infrastructure

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

Australia

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

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

Property Markets / Transactions

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

New Zealand

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

$54 million fight over vacant Superman Building is settled

Property Markets / Transactions

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

United States of America

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

Melbourne's great land sale continues

Property Markets / Planning, Zoning, Infrastructure

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

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

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

Property Markets / Transactions

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

United States of America

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

Continental Corporation to sell University Hill 'supersite'

Property Markets / Transactions

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

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

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

Property Markets / Planning, Zoning, Infrastructure

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

Australia

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

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

Property Markets / Planning, Zoning, Infrastructure

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

Philippines

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

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

Property Markets / Transactions

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

Australia

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

Building on the western plains supports start-ups

Property Markets / Planning, Zoning, Infrastructure

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

United States of America

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

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

Property Markets / Transactions

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

Australia

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

Bayside park sells out, bar one, before completion

Property Markets / Transactions

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

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

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

Property Markets / Outlook

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

Hong Kong SAR

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

Huntingdale industrial sold for $2.05 million

Property Markets / Transactions

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

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

Dubai's commercial property market to moderate in 2017

Property Markets / Outlook

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

United Arab Emirates

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

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

Property Markets / Transactions

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

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

Government drives leasing surge

Property Markets / Outlook

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

Australia

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

Iconic haunted Richmond Regent Theatre for sale

Property Markets / Transactions

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

Australia

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

Chinese buyers to prop up Australian housing market: Credit Suisse

Property Markets / Planning, Zoning, Infrastructure

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

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

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

Property Markets / Outlook

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

Australia

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

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

Property Markets / Transactions

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

United States of America

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

Deals and Deeds

Property Markets / Transactions

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

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

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

Property Markets / Transactions

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

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

Chinese capital dominates Asian outbound real estate investment in 2016

Property Markets / Outlook

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

China

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

Calls for Sri Lanka to regulate its property sector

Property Markets / Outlook

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

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

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

Property Markets / Transactions

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

United States of America

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

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

Property Markets / Planning, Zoning, Infrastructure

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

Australia

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

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