Office market vacancies to tighten in 2019

Office market vacancies to tighten in 2019

Colliers International expects vacancy rates to squeeze even lower in major office markets in the years ahead, driven by commercial tenants competing for limited space and a rise in demand for large or contiguous office space. Colliers' managing director for office leasing, Simon Hunt, says office vacancy forecasts for key market...

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Two properties sold at record square metre rate for Melbourne precinct

Two properties sold at record square metre rate for Melbourne precinct

Despite reports of falling property prices in Melbourne, a competitive sales campaign recently completed for two neighbouring CBD buildings reflects strong fundamentals according to an agent at CBRE.  The two properties at the junction of of the legal precinct and the city's retail core were owned for 40 years by the Lewenbe...

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The year ahead in property is filled with challenges and changes

The year ahead in property is filled with challenges and changes

The tremors of political instability, a tough economy, and the rise of e-commerce are the guiding forces behind what looks like a challenging 2019 for the Australian property market. These conditions, which bubbled under the surface in 2018, are set to make and break investments this year, but could provide some clarity for trends we'...

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Charter Hall to buy Campbellfield Plaza for $74m

Charter Hall to buy Campbellfield Plaza for $74m

A Sydney-based real estate investment trust (REIT) is using the proceeds from two recent regional property sales to buy a strategic shopping centre in Melbourne's north. Charter Hall Retail REIT (ASX: CQR) has executed an unconditional contract to buy Campbellfield Plaza in northern Melbourne for $74 million, with the transaction expe...

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'It takes time to turn this business around', McGrath CEO says

'It takes time to turn this business around', McGrath CEO says

Collapsing sales volumes and the departure of key sales agents and franchisees have hit real estate group McGrath Limited (ASX: MEA) which has booked a full year loss of $63 million on the back of a revenue drop of 23 percent over the previous year. At the company AGM on Friday, McGrath CEO Geoff Lucas revealed the serious issues facing t...

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