MAKE WAY FOR THE 'PANTSCRAPER', A TWIN TOWER SET TO CHANGE MELBOURNE'S CITYSCAPE

MAKE WAY FOR THE 'PANTSCRAPER', A TWIN TOWER SET TO CHANGE MELBOURNE'S CITYSCAPE

MELBOURNE'S skyline is about to transform following the construction of a $1 billion luxury high-rise in the city centre.

Called the "Pantscraper", named after its twin towers joined by a sky bridge, Cbus Property's 42-storey mixed-use development comprises 49,000 square metres of premium-grade office space, a five-star W Ho...

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$71 MILLION SALE OF 'SYDNEY SIX' GIVES RISE TO WESTERN SYDNEY INVESTMENT HOTSPOT

$71 MILLION SALE OF 'SYDNEY SIX' GIVES RISE TO WESTERN SYDNEY INVESTMENT HOTSPOT

SIX INDUSTRIAL assets in Sydney's West, dubbed the 'Sydney Six', have sold for a collective $71 million, confirming the high demand for investment stock in the city's tightly held industrial market.

The Sydney Six consists of four assets in Wetherill Park, one in Smithfield and another in Eastern Creek, boasting a combined net...

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MELBOURNE'S $200M RIALTO PROJECT NEARS COMPLETION AFTER 10 YEARS OF PLANNNG

MELBOURNE'S $200M RIALTO PROJECT NEARS COMPLETION AFTER 10 YEARS OF PLANNNG

IT'S BEEN 10 years in the planning and had at least 10 different architects and has involved the acquisition of multiple properties, and now the redevelopment of Melbourne's iconic Rialto tower precinct is almost complete.

The $200 million redevelopment has breathed new life into the CBD and the Rialto precinct covers more than 8...

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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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PEREGRINE CORP'S ADELAIDE DEVELOPMENT GIVEN THE GREEN LIGHT

PEREGRINE CORP'S ADELAIDE DEVELOPMENT GIVEN THE GREEN LIGHT

PEREGRINE Corporation's $50 million proposal to redevelop its Norwood Parade headquarters in Adelaide has received development approval with work to begin almost immediately.

Approval for the seven-level development on the corner of Portrush Road and Norwood Parade was granted by South Australia Trade Minister Martin Hamilton-Smith.

Pl...

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NEW MAJOR PRE-LEASE BOLSTERS EMERGING MELBOURNE INDUSTRIAL PRECINCT

NEW MAJOR PRE-LEASE BOLSTERS EMERGING MELBOURNE INDUSTRIAL PRECINCT

TRANSPORTATION equipment group CIMC Vehicle Australia and road tanker manufacturer Marshall Lethlean are set to take up tenancy in the emerging Cranbourne West industrial precinct, after finalising one of the area's first major pre-lease agreements. The two companies, which are both subsidiaries of the global CIMIC Group, will combine...

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ICONIC GOLD COAST NEIGHBOURHOOD SHOPPING CENTRE CHANGES HANDS

ICONIC GOLD COAST NEIGHBOURHOOD SHOPPING CENTRE CHANGES HANDS

MUDGEERABA Market, one of the Gold Coast's favourite suburban shopping centres, has changed hands for $35.8 million following a heated sales campaign which attracted attention from offshore buyers.

Although contested by numerous private investors from Asia, Sydney-based SCA Property Group ended up winning the sale at an estimated ble...

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AGENTS REPORTING STRONG DEMAND FOR MELBOURNE CBD OFFICE SPACE PURCHASES

AGENTS REPORTING STRONG DEMAND FOR MELBOURNE CBD OFFICE SPACE PURCHASES

SEVEN Melbourne CBD offices have recently sold for more than $11 million in total, demonstrating huge demand for central office space in the city.

Colliers International brokered deals for record sums on office spaces in the centre of Melbourne as demand for space increases.

Just last week, office spaces on Lonsdale Street and Colli...

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MELBOURNE SHOPPING CENTRE SELLS FOR $48m AS CHINESE DEMAND RAMPS UP

MELBOURNE SHOPPING CENTRE SELLS FOR $48m AS CHINESE DEMAND RAMPS UP

A MELBOURNE shopping centre has been sold for $48 million, bringing the total spent by Chinese investors on Victorian retail to $380 million over the past 15 months.

The Arena Shopping Centre, in the south-east suburb of Officer, is positioned on a 2.97 hectare site and features 25 speciality retailers, including McDonald's and Woolw...

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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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CARPARK IN BOOMING WEST MELBOURNE SOLD FOR $25M

CARPARK IN BOOMING WEST MELBOURNE SOLD FOR $25M

A CHINESE developer has purchased a prominent West Melbourne carpark for $25million with plans to redevelop it into residential or commercial office space.

Chinese developer Holder East secured the 1,877sqm corner site on La Trobe Street which has been owned by an Indonesian syndicate for the past 15 years.

The property was the first carpa...

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EXCLUSIVE MELBOURNE BEACHFRONT VENUE SNAPPED UP BY CHINESE INVESTORS

EXCLUSIVE MELBOURNE BEACHFRONT VENUE SNAPPED UP BY CHINESE INVESTORS

A HUGELY sought after landholding in Melbourne's Albert Park has been bought for $18 million by mainland Chinese investors.

Albert Park's Beach Hotel, one of Melbourne's most popular drinking spots, and the neighbouring Foodworks Supermarket is situated directly across Port Phillip Bay.

The hotel, which is four kilometres from ...

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ASF UNVEILS THE CHERRY ON TOP OF ITS INTEGRATED RESORT DEVELOPMENT

ASF UNVEILS THE CHERRY ON TOP OF ITS INTEGRATED RESORT DEVELOPMENT

ASF Consortium has revealed the newest addition to its $3 billion Gold Coast integrated resort (GCIR) project, a 6,000sqm beach club in the heart of The Spit.

The open-plan venue, inspired by beach clubs in holiday destinations including Florida, Thailand, Dubai and Indonesia, will be able to cater for more than 3,000 guests across a var...

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NEW MELBOURNE CBD HOT SPOT AS PROPERTY SALES REACH $17 MILLION

NEW MELBOURNE CBD HOT SPOT AS PROPERTY SALES REACH $17 MILLION

LITTLE Lonsdale Street in the heart of Melbourne's CBD has become a favourite for investors in 2017, following the sale of two key commercial properties on the strip.

Number 563-567 Little Lonsdale Street attracted $6.63 million under the hammer, while down the road 361-365 Little Lonsdale Street changed hands off-market for $11.1 million...

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1700 BRISBANE APARTMENTS NOW MANAGED BY FORTUNE 500 COMPANY JLL

1700 BRISBANE APARTMENTS NOW MANAGED BY FORTUNE 500 COMPANY JLL

MULTINATIONAL and Fortune 500 company JLL (NYSE: JLL) has expanded its Australian dominance in the property management sector with more than 700 residential units in Brisbane.

The company has announced its newly secured management rights to six apartment blocks on Duncan Street near the Brisbane River in the inner-city suburb of West End.

...

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EAST COAST PROPERTY BOOM BUILDS PROFITS FOR BRICKWORKS

EAST COAST PROPERTY BOOM BUILDS PROFITS FOR BRICKWORKS

AUSTRALIA'S residential property boom has helped drive a sharp rise in first half earnings for Brickworks (ASX: BKW), which booked a record net profit after tax of $104.1 million up 35 per cent on the prior corresponding period.

The country's largest maker of bricks and tiles posted its best ever first half revenue of $428.9 million (...

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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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VILLA WORLD ADDS CLYDE LAND TO VICTORIA DEVELOPMENT PIPELINE

VILLA WORLD ADDS CLYDE LAND TO VICTORIA DEVELOPMENT PIPELINE

HOUSING developer Villa World (ASX:VLW) has bought a 42 hectare site at Clyde, south east of Melbourne, for $33 million, adding to its growing portfolio in Victoria.

Villa World CEO and managing director, Craig Treasure, says he considers the Melbourne market to be strong right now, buoyed by population growth.

The state's new first ho...

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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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SURREY HILLS HOTEL SELLS FOR $26.1 MILLION

SURREY HILLS HOTEL SELLS FOR $26.1 MILLION

LANTERN Hotels (ASX:LTN) has divested the last of its hotels with the sale of Surrey Hills Landmark Crown Hotel for $26.1 million to Peak Investments.

The transaction represented the final pub sale in the group's repositioning and divestment strategy. It was sold at a 51 per cent premium to the June 2016 book value of the hotel.

The sa...

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BEAUDESERT SITE SELLS FOR $5.5 MILLION

BEAUDESERT SITE SELLS FOR $5.5 MILLION

A SITE with preliminary approval for residential development in Beaudesert, south-west of Brisbane, has been sold for $5.5 million. The 81.25ha site at Kerry Road, Beaudesert, was sold to developer Beaudesert Oasis by Mark Creevey and Tony Williams of Ray White Special Project Queensland. There were 58 enquiries and four offers received. ...

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WAREHOUSE SALE SETS MASCOT RECORD

WAREHOUSE SALE SETS MASCOT RECORD

A MASCOT warehouse has sold for $2.9 million, a new record for the Sydney suburb.

Located at 295 King St, in a B5 business development zone, the property comprises a 562sqm free standing building on a 740sqm site. It was sold to a private Investor following more than fifty enquiries during the auction process and competitive bidding on t...

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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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