Charter Hall snaps up $115m Sydney logistics facility

Charter Hall snaps up $115m Sydney logistics facility

Charter Hall Group (ASX: CHC) is on a spending spree for logistics property, purchasing a $115 million logistics property in Western Sydney within a week of forking out $648 million for ALDI's logistics portfolio. Charter Hall's Prime Industrial Fund (CPIF) and Direct Industrial Fund No.4 (DIF4) secured the property on 4...

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WA to spend $444m on housing stimulus package

WA to spend $444m on housing stimulus package

The Western Australian Government has announced a housing stimulus package worth almost two-thirds of the national HomeBuilder program, with a strong focus on social housing and grants for homebuyers. The state government expects its $444 million package announced yesterday to support around 4,300 jobs in the building and constructio...

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Charter Hall bags ALDI logistics portfolio for $648 million at the checkout

Charter Hall bags ALDI logistics portfolio for $648 million at the checkout

Charter Hall Group (ASX: CHC) and its joint venture (JV) partner Allianz Real Estate have acquired supermarket group ALDI's $648 million Australian logistics portfolio. Located in Melbourne, Sydney and Brisbane, the distribution centres were designed and built by ALDI and sold to the JV with seven-year lease back initial terms plus mu...

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HIA forecasts new home building to fall in half

HIA forecasts new home building to fall in half

A recent national report from the Housing Industry Association (HIA) forecasts half a million jobs in the construction industry are at risk, with the market set to fall to a level lower than the 1990's recession in December this year. HIA managing director Graham Wolfe says while the industry worked on close to 200,000 new h...

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NSW approves $160m facelift for St Leonards

NSW approves $160m facelift for St Leonards

The NSW Government has given the nod to rezoning proposals from the North Sydney Council that will bring a range of residential and commercial developments to the suburb of St Leonards. The approval forms part of a fast-tracked assessment program from the state government to keep people in jobs and the economy moving through the COVI...

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Construction begins on $121 million masterplanned community in Brisbane

Construction begins on $121 million masterplanned community in Brisbane

Condev Construction have commenced work on Frasers Property Australia's $121 million masterplanned community in Brisbane's east. Located in Carina, a suburb situated just 8 kilometres from the Brisbane CBD, Minnippi Quarter will consist of 172 boutique terrace homes, 20 land lots, and amenities. The 5.2 hectare residential com...

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Mirvac, Coombes score planning approval for Sydney's tallest residential tower

Mirvac, Coombes score planning approval for Sydney's tallest residential tower

The Central Sydney Planning Committee has given planning consent for a mixed-use residential tower on George Street that will be the tallest of its kind in the city, to be developed by Mirvac (ASX: MGR) on behalf of Coombes Property Group. With its 507 luxury serviced apartments, the project forms part of a $914 million redevelo...

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Primewest grabs Seven West's Perth HQ for $75m

Primewest grabs Seven West's Perth HQ for $75m

The home of Channel Seven in Perth has been sold to Western Australian property fund Primewest (ASX: PWG) for $75 million. The building, that sits across three titles at 50 and 54 Hasler Drive and 44 Walters Drive in Osborne Park was acquired by Primewest's new 'Media Trust'. Completed off-market, the transaction was negot...

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YFG buys out Brisbane suburban shopping centre for $285m

YFG buys out Brisbane suburban shopping centre for $285m

YFG Shopping Centres has made a full purchase of Mt Ommaney Shopping Centre in Brisbane's south-west after dipping its toes in the property with a 25 per cent stake in November. After purchasing its initial share in the property from Vicinity Centres (ASX: VCX) for $94.5 million, the South East Queensland shopping centre giant has now...

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REA Group sees residential listings dip 33 per cent in April

REA Group sees residential listings dip 33 per cent in April

The operator of realestate.com.au has revealed social distancing measures related to COVID-19 have taken their toll on new listing volumes.  REA Group (ASX: REA) says during April national residential listings were down 33 per cent, with listings in Sydney down 18 per cent and 27 per cent in Melbourne. To mitigate expected losses...

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Flight Centre's Melbourne HQ sold for $62 million

Flight Centre's Melbourne HQ sold for $62 million

The Victorian headquarters of embattled travel agency Flight Centre (ASX: FLT) have sold for $62 million today. Shakespeare Property Group, the property arm of boutique investment manager Prime Value Asset Management, has acquired the building on 436 St Kilda Road. Flight Centre says the $62.15 million sale will be completed in July 2...

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Dexus to prioritise SME tenants on road to recovery

Dexus to prioritise SME tenants on road to recovery

The commercial Code of Conduct will guide real estate investment trust Dexus' (ASX: DXS) negotiations with SME customers as the fallout from COVID-19 restrictions continues to impact both landlords and tenants. Dexus says it is well placed to support its customers to survive the COVID-19 financial crisis, with a focus on assisting SME...

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West Melbourne office building sold for $38.5m

West Melbourne office building sold for $38.5m

Property transaction activity in West Melbourne has been buzzing recently with a group of vendors selling two assets for a combined value of $48 million. Agent CBRE today announced a commercial property on 355 Spencer Street was sold to funds management company Avari Capital Partners for $38.5 million, up from a purchase price of $27...

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Primewest to sow seeds with $100 million investment plan for agriculture

Primewest to sow seeds with $100 million investment plan for agriculture

Property investor Primewest (ASX: PWG) believes Australian agricultural land is ripe for the picking, today announcing its entrance into the bountiful sector. The Western Australian company's newly established trust called Primewest Agricultural Trust No 1 has acquired "Pinegatta" in the New South Wales southern Riverina reg...

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Domain pays staff salaries in shares to overcome cost troubles

Domain pays staff salaries in shares to overcome cost troubles

While businesses all over the country are standing down staff to keep costs at bay during the Covid-19 crisis, real estate listings company Domain (ASX: DHG) is taking a different approach. The Nine Entertainment-owned group is offering staff the option to either cut back their working hours or receive part of their salary in share rights...

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$1.5 billion Collins Street project approved

$1.5 billion Collins Street project approved

A major $1.5 billion office tower project on Collins Street in Melbourne has received development approval, putting the build on track for completion by late 2022. The office development, to be built at 555 Collins Street, will comprise 84,000 square metres of office space and 2,300 square metres of retail space across two stages. Uni...

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Development Application lodged for $450m Toowong Town Centre in Brisbane

Development Application lodged for $450m Toowong Town Centre in Brisbane

A major mixed use development has been proposed for construction opposite Toowong Village, which has been a mainstay commercial hub in Brisbane's inner western suburbs since 1986. State Development Corporation and White & Partners Sydney have lodged a Development Application (DA) with the Brisbane City Council to build the pr...

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Master Builders Australia survey shows orders have "fallen off a cliff"

Master Builders Australia survey shows orders have "fallen off a cliff"

A survey of builders and tradies around the country has found new work could run out in the next few months if orders don't pick up. Master Builders Australia CEO Denita Wawn describes the results of a recent Covid-19 impacts survey as "alarming", with 73 per cent of respondents reporting substantial fall in f...

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Cbus to build $300 million CBD office building for SA Government

Cbus to build $300 million CBD office building for SA Government

Cbus Property will deliver a $300 million 20-storey CBD office building in Adelaide for the South Australian Government. The build will be managed in partnership by the SA Government and Cbus Property, and the building will house the South Australian Department of Planning, Transport and Infrastructure (DPTI) as an anchor tenant. Cbus...

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Real estate agents on notice for super advice

Real estate agents on notice for super advice

Australia's corporate regulator has promised to take action after real estate agents were found asking hard-done-by tenants to access their superannuation. In a letter to the real estate industry the Australian Securities and Investment Commission (ASIC) said media reports and social media commentary outlining this conduct is of &quot...

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