Construction entrepreneur thinks outside the box

Construction entrepreneur thinks outside the box

On the back of projects ranging from office fit-outs to schools to nightclubs, Chapcon Design & Construct is growing at a swift pace as revenue doubles each year. Founded by carpenter Nick Chapman in 2011, the group's portfolio of projects has been buoyed by word-of-mouth and strengthened by its track record and willingness to tak...

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Onterran creditors approve deed of company arrangement

Onterran creditors approve deed of company arrangement

Following its failed attempt to transform the Couran Cove Island Resort on Stradbroke Island Onterran's (ASX: OTR) creditors have approved a deed of company arrangement (DOCA). At a second creditor's meeting yesterday the administrators of Onterran passed a resolution that the company should execute a DOCA. David Clout and Pat...

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McGrath acquires Sydney real estate business

McGrath acquires Sydney real estate business

Listed real estate group McGrath (ASX: MEA) has acquired Sydney Sotheby's International Realty - CBD and Pyrmont for $1.6 million. Owned previously by Richard Shalhoub (pictured), the company is a sales agent in the NSW capital's CBD and northern CBD harbourfront markets. The deal will be settled in cash by the beginning of Ju...

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Mirvac splashes $333.5M on QVM apartments

Mirvac splashes $333.5M on QVM apartments

Property group Mirvac (ASX: MGR) is making strides in the build-to-rent apartment space after entering an agreement with developer PDG to acquire 490 completed units in the Munro development at Melbourne's Queen Victoria Market (QVM). The move will cost Mirvac $333.5 million, with the agreement subject to conditions such as&...

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How UKO is empowering inner-city renters with its "co-living" model

How UKO is empowering inner-city renters with its "co-living" model

Co-working spaces have transformed the way many of us work and operate. They are the spaces that underpin many great Australian entrepreneurs and startups. UKO hopes to achieve a semblance of this culture, but instead for the residential market with its unique and Australian first "co-living" buildings. Developed by serial p...

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Get creative landlords: CBD retail supply hits new high

Get creative landlords: CBD retail supply hits new high

Real estate agency CBRE says retailers must harness creativity and innovation if they are to increase their wallet share, while landlords need to recalibrate their offerings in response to changing market conditions. The company's Q1 Retail MarketView found 65,000sqm of new CBD retail supply is slated nationally in 2019, representing ...

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QT Adelaide receives State Government green light

QT Adelaide receives State Government green light

QT is now set to build its 11th hotel following approval form the South Australian State Commission Assessment Panel (SCAP). The building, to be constructed by a joint venture of Adelaide's Axiom (ASX: AXI) and Event Hospitality and Entertainment (ASX: EVT), was announced in February 2019. Described by QT as luxurious and quirky, ...

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Barua Group drops $9 million on neighbouring Clovelly homes

Barua Group drops $9 million on neighbouring Clovelly homes

Sydney-based developer Barua Group has purchased two neighbouring homes in the Sydney suburb of Clovelly for $9 million. The acquisition is a record for the area, and Barua Group intends to develop seven three-bedroom apartments on the land. The properties, which have a 12 metre development height limit, reflect a record individual un...

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Scentre sells 50% stake in Sydney shopping centre for $575m

Scentre sells 50% stake in Sydney shopping centre for $575m

Scentre Group (ASX: SCG) has today announced it will be selling off half its stake in Sydney's Westfield Burwood shopping centre in order to pay down debt and pursue strategic goals. The deal means Perth-based Perron Group will become a 50 per cent joint venture partner after paying $575 million for its stake, representing a 4.1 per c...

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First stage complete for $100m Gold Coast marina upgrade

First stage complete for $100m Gold Coast marina upgrade

Boat Works' northern superyacht precinct development on the Gold Coast has its new 'dry marina' now operational as the first stage of a $100 million upgrade due for completion in October this year.  Works for the Longhurst family's ambitious venture in Coomera only started seven months ago and will effectively double ...

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The rise of boutique hotels shows no sign of slowing down

The rise of boutique hotels shows no sign of slowing down

Blame it on millennials, blame it on Instagram, or just blame it on the slow march of time but face it, giant hotel chains are out; boutique hotels are in. Over the last few years boutique hotels have made a serious business case for their existence. Struggling with the competition of Airbnb, a service that promised to offer 'besp...

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Villa World board greenlights takeover by AVID

Villa World board greenlights takeover by AVID

The board of Gold Coast property mainstay Villa World (ASX: VLW) has recommended a revised takeover proposal by AVID Property Group, which now values the company at around $293.5 million. In March, Villa World first received the unsolicited takeover offer which valued the company at $280 million. After consideration on the revised pro...

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Art Series to open its ninth hotel in Perth

Art Series to open its ninth hotel in Perth

The new hotel will be the first time the brand has had a presence in WA. Art Series' foray into WA comes in the form of a $90 million hotel developed by George Atzemis at 900 Hay Street, Perth. The 27 storey hotel is dedicated to Australia's contemporary artists, with the fundamental design concept of the 250-room hotel drawin...

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Hyatt returns to Queensland with new Brisbane hotel

Hyatt returns to Queensland with new Brisbane hotel

For the first time in the company's history Hyatt will break ground in Queensland's capital. The international hotel chain has announced plans for a hotel in South City Square, which is set to open in 2023. Hyatt Place Brisbane Square is expected to feature 170 rooms, a rooftop pool and bar, a 24-hour grab-and-go food market, ...

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The Star's fourth Gold Coast hotel to be fast-tracked

The Star's fourth Gold Coast hotel to be fast-tracked

As far as ambitious companies go not many can keep up with The Star Entertainment Group. The company has just announced that it will fast-track the development of a fourth hotel in the multi-billion-dollar transformation of The Star Gold Coast in Broadbeach. The fourth hotel will be 215 metres tall, boast a five-star rating, and is ex...

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McGrath veteran makes his return to the real estate giant

McGrath veteran makes his return to the real estate giant

McGrath (ASX: MEA) has acquired the business of an ex-veteran of McGrath for $2 million, representing the return of John McManus (pictured) back into his old company. McGrath has acquired McManus' real estate business, currently trading as LJ Hooker Willoughby/Artarmon, as part of the giant's expansion in the lower north shore of S...

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Millinium to give the Waltons Building a new lease of life

Millinium to give the Waltons Building a new lease of life

The Waltons Building in Fortitude Valley may be sold to Millinium Capital Managers for between $25 million and $50 million. The property, located at 240 Brunswick Street and 11 Overells Lane, will be used for a mixed used property development. Known as the Waltons Building, the property comprises several interconnected buildings above...

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South Melbourne childcare centre sells for $10 million

South Melbourne childcare centre sells for $10 million

A childcare centre in South Melbourne leased to Guardian Early Leaning has sold for $10.25 million. According to CBRE the sale of the centre marks the first of its kind to be sold within 1.5km of the Melbourne CBD in the last five years. Featuring 360-degree views of the city skyline the centre on Tope Street provides a passing income...

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99 Bikes rides into Bowen Hills mega-premises

99 Bikes rides into Bowen Hills mega-premises

Bike retailer 99 Bikes has purchased two properties in one line in Bowen Hills, Brisbane, for $5,550,000. The retailer purchased the two properties located at 62-66 Abbotsford Road with plans to combine the two sites into one brand new store. The new location will replace the company's stores in Fortitude Valley and Windsor in add...

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Family owned Green Valley shopping centre sold for $17 million

Family owned Green Valley shopping centre sold for $17 million

The Green Valley Shopping Centre has sold for $17.3 million after being owned by the same family for half a century. Located on Green Valley Road, the 2,820sqm retail centre featuring 20 shops was sold to Sydney eastern suburbs family for a sharp yield of close to 6 per cent. Peter Vines from CBRE who managed the competitive expressio...

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