NEW LOOK ADELAIDE MALL ATTRACTS NATIONAL PLAYERS

NEW LOOK ADELAIDE MALL ATTRACTS NATIONAL PLAYERS

A NEW look Citi Centre Arcade in Adelaide has snared a number of high profile lease deals, including McDonald's and Westpac. The facelift features a glass entrance to the arcade's Rundle Mall entry, a canopy upgrade and new public facilities. Two tenancies have been combined to create a new 177sqm site which has been leased to...

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NEW OFFICE SPACE LEASES RISE 21 PER CENT

NEW OFFICE SPACE LEASES RISE 21 PER CENT

STRONG small business activity has driven a 21 per cent increase in the amount of office space leased across major Australian markets, according to Colliers International's latest Office Demand Index. The reports shows that a total of 448,163sqm of office space was leased nationally as of September YTD 2016, with 85 per cent of t...

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PROSPECT ROAD LIVES UP TO ITS NAME IN ADELAIDE MARKET

PROSPECT ROAD LIVES UP TO ITS NAME IN ADELAIDE MARKET

PROSPECT Road is becoming a boon for Adelaide's commercial market, with buyers flocking to the area. Strong buyer demand has fuelled a number of transactions in the area, including the sale of an 836sqm commercial property at 113 Prospect Road for $1.7 million. A private developer scooped the single-level building at auction, whic...

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SEVEN FIELDS SELLS THREE VINEYARDS IN SOUTH AUSTRALIA

SEVEN FIELDS SELLS THREE VINEYARDS IN SOUTH AUSTRALIA

KINGSTON Estate Wines has acquired the 252ha New Residence vineyard in South Australia's Riverland region for an undisclosed amount in a deal negotiated by Colliers International's Tim Altschwager and Nick Dean on behalf of Seven Fields. New Residence Vineyard is just outside Loxton (pictured), with about 36.4% of the vineyard plante...

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APARTMENT BUILDING BOOM HAS PEAKED, SAYS BIS SHRAPNEL

APARTMENT BUILDING BOOM HAS PEAKED, SAYS BIS SHRAPNEL

NEW apartment commencements will decline by 50 per cent in the next four years from today's "unsustainable" level of 107,000, says today's BIS Shrapnel Building in Australia 2016-2031 report.

Total dwelling starts reached 220,100 in 2015/16, an all-time high, but the decline is expected to start this year and this will mostly...

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ADELAIDE LANDMARK'S REVIVAL AS $275M TOWERS

ADELAIDE LANDMARK'S REVIVAL AS $275M TOWERS

THE former Trims Family Clothing store will be converted into $275 million mixed-use twin towers, kicking off a wave of luxury redevelopment for Adelaide. Developer Karidis Corporation will relaunch the landmark building located at 322 King William Street as Three-Two-Two. The project will comprise two 30-level glass towers with a mix...

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ADELAIDE'S PROSPECTS AMID MANUFACTURING SLUMP

ADELAIDE'S PROSPECTS AMID MANUFACTURING SLUMP

HOLDEN'S exit from Adelaide needn't spell doom and gloom for the state's economy, according to CBRE. General Motors will close its manufacturing facility in Elizabeth and move production offshore next year, impacting about 1600 jobs in the town. While the latest economic forecasts presented at the real estate company's...

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SOME HOPE AHEAD FOR ADELAIDE OFFICE MARKET

SOME HOPE AHEAD FOR ADELAIDE OFFICE MARKET

A SLOWDOWN in the construction cycle and positive net absorption rates are expected to ease office vacancies in Adelaide's CBD by the end of this year. However, Adelaide vacancies are likely to lag major capital city markets for some time, according to Colliers International. The latest report issued by Colliers International conf...

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CASELLA SNARES HOWCROFT VINEYARD FOR $9M

CASELLA SNARES HOWCROFT VINEYARD FOR $9M

NSW winemaker Casella Family Brands, the company behind Australia's favourite cut-priced drop, the Yellow Tail series, has snared South Australia's Howcroft Estate Vineyard for just over $9 million. The deal for the property, located 10km south-east of Bordertown in the township of Mundulla, has been struck at about $22,000 per he...

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CROMWELL SCOOPS $73M IN RECORD SALE

CROMWELL SCOOPS $73M IN RECORD SALE

CROMWELL Property Group (ASX:CMW) has capitalised on strong investor demand for commercial stock, after selling an office tower in Adelaide for $73 million. A private investor purchased the asset at Waymouth Street in the biggest individual property transaction in South Australia this year. The divestment represents a premium of 17.6 ...

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BURNSIDE FINISHES 2015 WITH A FULL HOUSE

BURNSIDE FINISHES 2015 WITH A FULL HOUSE

BURNSIDE Village will finish 2015 with a full house, after securing 18 new retailers over the past 18 months. The eastern suburb shopping centre has welcomed big names in the 2015 year, including fashion house Scanlan Theodore and tea juggernauts T2. Colliers International's Ben Laycock says he is ecstatic about filling the centre...

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DEVELOPER SECURES CARPARK SITE FOR $25M

DEVELOPER SECURES CARPARK SITE FOR $25M

A CAR park operator and developer has fought off strong competition to acquire one of Adelaide's most significant investment and development opportunities in recent years. The portfolio, comprising three bordering properties with a combined frontage of 56m to Frome Street, has been sold for $25 million.  The buyer's identity ...

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LATITUDE BOUNCES TO NEW HEIGHTS

LATITUDE BOUNCES TO NEW HEIGHTS

TRAMPOLINES, dodgeball arenas, basketball lanes, climbing walls, battle beams and obstacle courses are just some of the new attractions trampoline park operator Latitude are bringing to Adelaide. Latitude has made its foray into Adelaide by opening a second Australian trampoline park at Greenacres in the city's north-east. The 3,2...

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QUEST HOTEL NEW DRIVER OF PORT ECONOMY

QUEST HOTEL NEW DRIVER OF PORT ECONOMY

PORT Adelaide is set to receive its largest major development for the first time in 45 years. The $25 million development of the new Quest Apartment Hotel, to be being undertaken by the Smith Group, was launched today with construction to commence in the Fisherman's Wharf precinct. "The new Quest Apartment Hotel will be a gre...

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BIG W LOGISTICS FACILITY TO WHET INVESTOR APPETITE

BIG W LOGISTICS FACILITY TO WHET INVESTOR APPETITE

A PURPOSE-built Big W distribution centre in South Australia is to be offered for sale by the Lend Lease managed Australian Prime Property Fund Industrial, amid continued demand for investment-grade Australian logistics assets. CBRE has been appointed as the exclusive marketing agent for the landmark property, which is situated in the sat...

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