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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