CQU SETTLES ON SIGNIFICANT BRISBANE CAMPUS UPGRADE

CQU SETTLES ON SIGNIFICANT BRISBANE CAMPUS UPGRADE

CENTRAL Queensland University (CQU) has called 160 Ann Street home for the past six years, and off the back of its latest lease agreement it will continue to do so for the next 15. The deal to expand CQU's lease was negotiated by JLL manager of property and asset management Wayne Barnes, which included additional floors amounting to a...

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CITY DWELLERS SETTING EYES ON REDCLIFFE AS PROPERTY SEACHANGE BECKONS

CITY DWELLERS SETTING EYES ON REDCLIFFE AS PROPERTY SEACHANGE BECKONS

IT MAY be cool by the sea at Redcliffe, however strong sales at Kyko Group's Mon Komo development prove that the area has also become a residential hotspot. Within only two months of announcing its campaign, Mon Komo, situated on Redcliffe's Marine Parade, has made $7.9 million in sales and only a handful of its apartments remain ...

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ACQUISITIONS CONTINUE TO DRIVE THE EXPANSION OF BRISBANE-BASED NATIONAL STORAGE

ACQUISITIONS CONTINUE TO DRIVE THE EXPANSION OF BRISBANE-BASED NATIONAL STORAGE

NATIONAL STORAGE (ASX: NSR) has expanded its Perth Development Portfolio with acquisitions totalling $18.6 million across three properties and plans for a further two sites in and around the city.

The Brisbane-based company, which is one of the largest self-storage providers in Australia and New Zealand, will take ownership of a property at t...

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VILLA WORLD TAPS MARKET IN $80m CAPITAL RAISING TO RAMP UP GROWTH

VILLA WORLD TAPS MARKET IN $80m CAPITAL RAISING TO RAMP UP GROWTH

Residential property developer Villa World (ASX: VWL) is ramping up its growth strategy on Australia's east coast "hot spots" with an $80 million capital raising venture.

The Gold Coast-based company, which develops and sells residential land and buildings mostly in Queensland, NSW and Victoria, is looking to grow its inven...

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BRISBANE APARTMENT VACANCIES REMAIN LOW DESPITE INCREASED SUPPLY

BRISBANE APARTMENT VACANCIES REMAIN LOW DESPITE INCREASED SUPPLY

VACANCY rates for new Inner Brisbane apartments remained tight at 2.3 per cent over the December quarter 2016, says new research released today by property consultants, Urbis.

The Urbis Inner Brisbane Apartment Rental Review also found that new developments are out-performing older, established projects with lower levels of amenity.

...

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CHINA CONTINUES TO COLLECT AUSSIE PROPERTY ASSETS

CHINA CONTINUES TO COLLECT AUSSIE PROPERTY ASSETS

CHINESE coin continues to dominate Australia's offshore real estate investment market, accounting for almost half of the total capital transacted during 2016. Last year around US$28.2 billion flowed in from Chinese investors who were seeking a slice of Aussie property, often in the form of Melbourne and Sydney's CBD office assets....

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MIRVAC SELLS $165 MILLION WORTH OF UNISON APARTMENTS IN TWO MONTHS

MIRVAC SELLS $165 MILLION WORTH OF UNISON APARTMENTS IN TWO MONTHS

MIRVAC (ASX:MGR) has made $165 million in settlements since launching the second stage of its Unison development at Newstead at the start of this year.

The $200 million development, which completed construction at the end of February, is now 90 per cent sold.

Mirvac Queensland residential general manager Warwick Bible (pictured right) says...

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AGENT EXITS, LOW LISTINGS HURT MCGRATH

AGENT EXITS, LOW LISTINGS HURT MCGRATH

PROFITS have dived 72 per cent at real estate group McGrath (ASX:MEA) to $2.4 milllion on the back of low property listings.

Listings with company-owned offices were down 20 per cent in the half year, and there's been an exodus of agents, which has dampened sales results.

McGrath speculates Australians have been put off selling ...

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INTEREST IN RETAIL PROPERTY SPIKES AS INTERNATIONAL BRANDS LOOK TO ROLL OUT IN AUSTRALIA

INTEREST IN RETAIL PROPERTY SPIKES AS INTERNATIONAL BRANDS LOOK TO ROLL OUT IN AUSTRALIA

AN influx of international retail brands into Australia over the next five years are expected to push up demand for floor space, says CBRE head of research for Australia, Stephen McNabb.

The retail commercial property sector is attracting keen interest, despite a modest rental growth of 1-2 per cent forecast in the year ahead, according to CB...

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RECEIVERS SELL SPRINGFIELD TOWER FOR $17 MILLION

RECEIVERS SELL SPRINGFIELD TOWER FOR $17 MILLION

SPRINGFIELD Tower has been sold in a $17 million deal around five months after it was placed into the hands of receivers.

JLL sought expressions of interest over a five-week period until late September 2016, on behalf of receivers PPB Advisory.

Located in Springfield Central, the ten-storey office building provides 9,459sqm net lett...

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LENDLEASE AND IIG PARTNER TO BUILD BRISBANE'S NEW TIMBER TOWER

LENDLEASE AND IIG PARTNER TO BUILD BRISBANE'S NEW TIMBER TOWER

IMPACT Investment Group (IIG) has entered a $140 million partnership with Lendlease Group (ASX:LLC) to develop, lease and manage the 5 King office building, at Brisbane's Showgrounds.

IIG will fund the property through development, and own the property at practical completion, which is due in late 2018. The purchase price reflects a net p...

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RIPLEY TOWN CENTRE CONSTRUCTION UNDER WAY

RIPLEY TOWN CENTRE CONSTRUCTION UNDER WAY

THE $1.5 billion Ripley Town Centre that will service the rapidly growing Ripley Valley region in the Western Corridor of Ipswich is set to become a reality with construction under way on the highly anticipated project.

The milestone development will create an exciting new regional hub that will service up to 120,000 people expected to call t...

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BRISBANE AND GOLD COAST COMMERCIAL PROPERTY MARKETS TIGHTEN

BRISBANE AND GOLD COAST COMMERCIAL PROPERTY MARKETS TIGHTEN

BRISBANE'S commercial property market performed at five times its historical average in the six months to 31 December as the city's vacancy rate dropped from 16.9 per cent to 15.3 per cent, according to the latest Property Council's Australian Office Market Report.

This result has come despite, or perhaps because of, the Quee...

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TRIGUBOFF TAKES APARTMENT PORTFOLIO ABOVE 3000 UNITS

TRIGUBOFF TAKES APARTMENT PORTFOLIO ABOVE 3000 UNITS

HARRY Triguboff has reached a new milestone with his property investment portfolio by breaching 3,000 apartments. The 3,066 apartments, all in Sydney, have been accumulated over 15 years by the Meriton group founder and owner and are worth more than $3 billion. They are in addition to nearly 4,500 serviced apartments owned by Meriton and a ...

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SOUTH BRISBANE PROPERTY SELLS FOR $30.30 MILLION

SOUTH BRISBANE PROPERTY SELLS FOR $30.30 MILLION

A SOUTH Brisbane commercial property at 163 Grey Street has sold for $30.30 million.

The sale was negotiated off-market to Moelis Australia Asset Management and Marquette Properties by Luke Billiau and Seb Turnbull of JLL's Sales and Investments team.

Marquette Properties' Managing Director Toby Lewis says it is an exciting ...

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RETIREMENT VILLAGE PLANNED FOR $6 MILLION MAROOCHYDORE SITE

RETIREMENT VILLAGE PLANNED FOR $6 MILLION MAROOCHYDORE SITE

AURA Australia Management has purchased a 9,154sqm site in Maroochydore for $6 million to build an apartment-style retirement village as it continues its plan to build an 800-dwelling portfolio on the eastern seaboard of Australia.

The vacant corner site at Anzac Avenue and Baden Powell Street Site has council approval for 123 apartments with...

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BUYER SPENDS $14 MILLION IN SINGLE TRANSACTION AT LUXURY NEWSTEAD APARTMENTS

BUYER SPENDS $14 MILLION IN SINGLE TRANSACTION AT LUXURY NEWSTEAD APARTMENTS

A BUYER has purchased $14 million worth of property in a single transaction at Kokoda Property's $119 million Ella development in Newstead, Brisbane.

This purchase follows the project launch in late November, when $22 million in sales was transacted at the development.

The $14 million buyer purchased a complete floor, plus three additi...

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US PROPERTY GIANT SNAPS UP BRISBANE'S IBM BUILDING

US PROPERTY GIANT SNAPS UP BRISBANE'S IBM BUILDING

US PROPERTY group, Hine has purchased the prominent IBM tower overlooking 348 Edward St, King Edward Park for $49 million.

The deal was struck at an equivalent yield of 8.53 per cent and was negotiated by CBRE's Bruce Baker, Flint Davidson and Tom Phipps on behalf of private Brisbane-based company, Harburg Investments.

CBRE's David...

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BLUE SKY FINALISES SECOND NEW YORK ACQUISITION

BLUE SKY FINALISES SECOND NEW YORK ACQUISITION

BLUE Sky Alternative Investments (ASX:BLA) has finalised its acquisition of a second office tower in New York through Cove Property Group. Located in Manhattan, 441 Ninth Avenue represents a transaction value of more than $400 million and follows the purchase of 2 Rector Street in March. The majority of the equity for the deal was pro...

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EVERTON PARK SET FOR REDEVELOPMENT AFTER SALE

EVERTON PARK SET FOR REDEVELOPMENT AFTER SALE

A SHOPPING centre in Brisbane's inner northern suburbs has been earmarked for a major redevelopment after selling to private investors for $27.7 million, at a yield of 7.1 per cent.

Everton Plaza's new owners, together with retail property development firm Reds Group, plan to invest significant capital to renovate the 1969-built centr...

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HARVEY NORMAN BUYS MACGREGOR SITE

HARVEY NORMAN BUYS MACGREGOR SITE

HARVEY Norman has purchased a 23,786sqm site in MacGregor, south of Brisbane, for $16 million, where the company will build a new superstore.

The Kessels Road site, which is located in a large format retail precinct, has more than 10,000sqm NLA occupied by Asahi Beverages.

"Asahi will be relocating the production process housed...

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AUSTRALIA TRADE COAST PROPERTY SELLS FOR $10.3M

AUSTRALIA TRADE COAST PROPERTY SELLS FOR $10.3M

CLARENCE Property has purchased its first industrial investment for $10.3 million, on a yield of 7.5 per cent, within the Australia Trade Coast precinct.

The property will diversify the Westlawn Property Trust, which currently consists of commercial and retail assets as well as land developments.

The facility was built in 2007 and comprise...

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UNITA GROUP SEES SYDNEY AS ITS NEW 'ENGINE ROOM'

UNITA GROUP SEES SYDNEY AS ITS NEW 'ENGINE ROOM'

DIVERSIFIED construction and technology company Unita Group has unveiled plans for a dedicated Sydney office, laying the foundations for a new phase of national expansion. The Brisbane-based group already turns over $15 million in NSW, with a further $50 million in projects under way across Australia on behalf of clients based in Sydney. ...

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UK'S SCAPE LIVING SWOOPS ON $13.5M BRISBANE SITE

UK'S SCAPE LIVING SWOOPS ON $13.5M BRISBANE SITE

SCAPE Living has secured a Brisbane site for $13.5 million for its second student accommodation project in the city. The UK-based business has been making strides in Australia, after snapping up locations in Melbourne and Sydney for its student halls. The latest site in Toowong has development approval for a 15 storey residential apar...

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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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BRISBANE 'GATSBY' HOTEL UNVEILS REVAMP

BRISBANE 'GATSBY' HOTEL UNVEILS REVAMP

ONE of Brisbane's longest-standing hotels has been returned to its former glory. Royal on the Park, formerly known as the Park Royal Motor Inn, was officially opened by the Lord Mayor of Brisbane Clem Jones in 1969. Since then, it has been home to some big names including Elton John, Led Zeppelin, Mick Jagger, ACDC, John Farnham a...

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CHINESE SNAP UP AUSTRALIAN HOTELS

CHINESE SNAP UP AUSTRALIAN HOTELS

CHINESE investors accounted for 42% of the $1.7 billion in hotel sales in Australia year-to-date according to new research from CBRE.

CBRE Hotels Executive Director Robert McIntosh says the Australian hotel market is being increasingly targeted by Asian capital with Chinese investors leading the charge.

"Recent volatility in global eq...

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DEMAND SURGES AFTER FIRST HOME BUYERS' GRANT BOOST

DEMAND SURGES AFTER FIRST HOME BUYERS' GRANT BOOST

FIRST home buyers have moved quickly to take advantage of the Queensland Government's $5,000 increase to the First Home Owners' Grant to $20,000, says Colliers International.

Since the boost was implemented on 1 July, Colliers has experienced an increase of 74 per cent in enquiry and a 23 per cent increase in sales from first home buy...

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TOWER SELLS OUT AMID FEARS OF BRISBANE APARTMENT GLUT

TOWER SELLS OUT AMID FEARS OF BRISBANE APARTMENT GLUT

ALL 147 apartments at the $86 million Trafalgar Lane at Woolloongabba have settled following the tower's completion in July, and all the apartments have been leased within 60 days of settlement.

Amid fears of an apartment glut in Brisbane, the project, developed by Melbourne-based Pellicano, has demonstrated demand remains in the cit...

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LUXURY APARTMENT BUYERS POCKET $200,000 GAIN IN A YEAR

LUXURY APARTMENT BUYERS POCKET $200,000 GAIN IN A YEAR

THE trade in luxury apartments has strengthened in Brisbane over the past year with average capital gains of about 14 per cent for properties worth $1 million or more, according to Colliers International.

This is despite the latest data showing a broader slowdown in the inner-city apartment market which has led to some projects being mothball...

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