Court approves history-making settlement between Comm Bank and AUSTRAC

The Federal Court has today approved settlement between Commonwealth Bank (ASX: CBA) and the Australia Transaction Reports and Analysis Centre (AUSTRAC) over the anti-money laundering case which was brought against the financial services giant in August last year. CBA agreed in early June ...

Court approves history-making settlement between Comm Bank and AUSTRAC
Aqualand Group takes major stake in McGrath

Aqualand Group takes major stake in McGrath

McGrath Limited (ASX: MEA) has sold a 15 per cent stake in the company to property giants Aqualand Group that gives the company a $10.7 million injection of fresh cash. Aqualand has already acquired an 8.7 per cent stake in McGrath and will take a further 6.3 per cent stake if the deal is approved by McGrath shareholders. The ASX list...

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SCA Property Group sells four shopping centres into new $58m unlisted fund

SCA Property Group sells four shopping centres into new $58m unlisted fund

On the back of SCA Property Group's (ASX: SCP) successful unlisted retail fund strategy called SURF the company has launched the third iteration of SURF valued at $58 million. SURF 3 is currently raising funds to help acquire a portfolio of shopping centres on the east coast to form the new unlisted retail fund. SCA is looking for...

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Investa enters into $3.14b takeover agreement with Blackstone

Investa enters into $3.14b takeover agreement with Blackstone

Investa Office Fund (ASX: IOF) has confirmed it has entered into a takeover agreement worth $3.14 billion with US private equity group Blackstone.  After receiving the takeover proposal in early May 2018, the group, which operates some of the most high profile office buildings in Australia, has agreed to Blackstone's terms. U...

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Childcare centre sells for record $21m as confidence in sector is restored

Childcare centre sells for record $21m as confidence in sector is restored

A childcare centre in Artarmon has sold for a record $21 million, which marks the largest sale of a single tenanted childcare property in the country. The sale of the three-storey centre at 6 Clarendon Street was negotiated by CBRE and attracted a yield of 6 per cent. The property is currently tenanted by Affinity Education Group and ...

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Commercial market strong as demand for Sydney office space burgeons

Commercial market strong as demand for Sydney office space burgeons

The office market in Sydney is showing no signs of slowing down with big business driving an increased demand for workspaces in the New South Wales capital. According to Colliers International, Sydney recorded a 32 per cent increase for 3000sqm workspaces from the fourth quarter of 2017 to the first quarter of 2018, representing a 63 per ...

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Melbourne beats Sydney as the top Australian city for investment

Melbourne beats Sydney as the top Australian city for investment

Melbourne has been named the number two city in the APAC region for investment for commercial property investors, coming second only to Toyko. According to CBRE's 2018 Asia Pacific Investor Intention Survey the Victorian capital moved up from eight place in 2017 to second place this year. Melbourne toppled Sydney which fell from f...

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CBD squeeze piquing hotelier interest in regional Australia

CBD squeeze piquing hotelier interest in regional Australia

A trend is growing in the Australian hotel market as investors forgo expensive assets in capital cities to favour a more regional approach. CBRE Hotels' Andrew Jackson says buyers are becoming more attracted to the diversity of regional assets, especially as they are being edged out of capitals due to expensive pricing and lack of ass...

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Co-working spaces and retail here to stay, say property analysts

Co-working spaces and retail here to stay, say property analysts

The future of Australia's property market looks bright with co-working spaces here to stay and retail set to change dramatically according to analysts. CBRE's annual Australian Market Outlook conference held last week revealed optimism about the future of Australia's property market. One of the key outtakes at the event sh...

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Tipalea Partners acquires $24.5m warehouse in inner-city Sydney

Tipalea Partners acquires $24.5m warehouse in inner-city Sydney

Property investor and developer Tipalea Partners has acquired an industrial warehouse in Sydney's inner-city suburb of Alexandria for $24.5 million. The Sydney based developers secured the site on 23-27 Bourke Road, 500m from Green Square Station. Located on a 6175sqm site, the 4933sqm building is divided into four tenancies, offe...

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Changes to Australian property market means investors need to 'get smart' to make gains

Changes to Australian property market means investors need to 'get smart' to make gains

Far-reaching changes in Australia's property markets are set to bring an imminent end to a long run of extraordinary returns, requiring investors to become savvier and more sophisticated in choosing where to place their money to capture the best returns, new analysis from BIS Oxford Economics shows. After five years where investors ha...

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Abacus buys CBD fringe properties for $142 million

Abacus buys CBD fringe properties for $142 million

Abacus Property Group has bought into the CBD fringe of Australia's two biggest capital cities, acquiring assets for a combined $142.35 million. Abacus acquired the two properties located at Abbotsford in Melbourne and Alexandria in Sydney for $93.5 million and $48.85 million respectively. The Abbotsford properly is fully tenanted...

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SINGAPORE FIRM SELLS OFF FIVE PROPERTIES ON EAST COAST FOR $720M

SINGAPORE FIRM SELLS OFF FIVE PROPERTIES ON EAST COAST FOR $720M

SINGAPORE-BASED TrustCapital Advisors has sold five office assets in Australia totalling $727.5 million. One of the major sales was of 850 Collins Street (pictured), a 17,337 sqm A-grade building in Melbourne's Docklands precinct which was sold for $156.1 million. Also in Melbourne, at 575 Bourke Street, a 16,152 sqm multi-let, re...

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AVEO BEGINS A SLOW PROCESS OF RECOVERY

AVEO BEGINS A SLOW PROCESS OF RECOVERY

RETIREMENT village operator, Aveo Group (ASX: AOG) has shown signs of improvement following in the four months since a takedown by ABC's Four Corners and two threats of class action law suits. The listed retirement home operator has reaffirmed its full-year earnings guidance as its sales continue to improve. The improvement follow...

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ICONIC RETAIL ASSETS CHANGE HANDS IN AUSTRALIA'S BIGGEST PROPERTY DEAL OF 2017

ICONIC RETAIL ASSETS CHANGE HANDS IN AUSTRALIA'S BIGGEST PROPERTY DEAL OF 2017

THE biggest retail property deal of the year has been carried out with mall landlord Vicinity Centres (ASX: VCX) and Singaporean wealth fund GIC swapping assets worth $1.1 billion.

Vicinity has entered into contracts to exchange a 49 per cent interest in Chatswood Chase Sydney for 50 per cent interest in GIC's Sydney CBD centres. ...

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MCGRATH SHARES IN FREEFALL ON PROFIT DOWNGRADE

MCGRATH SHARES IN FREEFALL ON PROFIT DOWNGRADE

SHARES in listed real estate company McGrath Limited (ASX: MEA) have plunged sharply after it announced a 25 per cent profit downgrade on analysts' expectations.

At around midday (AEDST), McGrath shares were down more than 17 per cent to $0.50 on the back of a release of figures which show a weaker-than-expected first four months of tradi...

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QUEST CONTINUES INTERNATIONAL EXPANSION WITH UK DEAL

QUEST CONTINUES INTERNATIONAL EXPANSION WITH UK DEAL

QUEST Apartment Hotels has announced it will develop its first property outside of the Australasian market in the UK city of Liverpool as part of its global expansion.

The $17 million development of Quest Liverpool City Centre will see an existing commercial office building transformed into a 100-room apartment hotel building when it opens fo...

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LANDMARK SYDNEY OFFICE TOWER SELLS FOR $252M

LANDMARK SYDNEY OFFICE TOWER SELLS FOR $252M

ONE of Sydney's most iconic officer towers has been sold to a Singapore-based real estate group for $252 million.

The 24-level commercial officer tower at 66 Goulburn Street, above Sydney's Masonic Centre, was sold by GDI Property Group.

The prominent corner building offers a total net lettable area of 23,124 square meters and is l...

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ANALYSTS PREDICT WHAT AUSSIE LIVING IS LIKELY TO BECOME IN THE NEXT CENTURY

ANALYSTS PREDICT WHAT AUSSIE LIVING IS LIKELY TO BECOME IN THE NEXT CENTURY

AS THE Australian population continues to grow, analysts are predicting what the country is likely to look like within the century. Research conducted by IKEA Australia in its People & Planet Positive Report shows that the headcount is likely to reach 70 million in the next hundred years, but only a fraction of the current population ...

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RESIDENTIAL COLLAPSE TO LEAD SHARP BUILDING MARKET DECLINE, BIS SAYS

RESIDENTIAL COLLAPSE TO LEAD SHARP BUILDING MARKET DECLINE, BIS SAYS

THE Australian building market is set to decline by 17 per cent over the next three years led by a collapse in residential starts, according to BIS Oxford Economics.

National building commencements peaked in 2015/16 at $107.3 billion, up by 22 per cent in real terms from the end of the resources investment boom in 2012-13, but is expected...

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SKYCITY INJECTS $330 MILLION INTO FESTIVAL PLAZA REDEVELOPMENT

SKYCITY INJECTS $330 MILLION INTO FESTIVAL PLAZA REDEVELOPMENT

THE long-neglected and much maligned Festival Plaza in Adelaide has received a hero in the form of long-time neighbour: SkyCity. SkyCity Entertainment today announced it will commit to a $330 million expansion of the Adelaide Casino, revamping the Festival Plaza precinct. The expansion will include a boutique hotel, signature restaura...

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CHARTER HALL SNAPS UP SALAMANDER BAY CENTRE FOR $174M

CHARTER HALL SNAPS UP SALAMANDER BAY CENTRE FOR $174M

RETAIL investment trust Charter Hall (ASX: CQR) has purchased the regional Salamander Bay Centre in New South Wales for $174.5 million.

Salamander Bay Centre is based in Port Stephens, north of Newcastle, and comprises a single level shopping centre with a total GLA of 24,000sqm.

The centre benefits from low levels of direct competition wi...

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$12 MILLION OFFICE SALE UNDERPINS MILTON REVIVAL

$12 MILLION OFFICE SALE UNDERPINS MILTON REVIVAL

ONE of Milton's well known office buildings has sold for $12.88 million, supporting the resurgence of the popular Brisbane commercial precinct.

The five-level riverside building located at 12 Cribb Street was bought by a private investor at an initial yield of 6.78 per cent, reflecting a rental rate of approximately $3,900/sqm.

JLL'...

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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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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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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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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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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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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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TRIGUBOFF TAKES APARTMENT PORTFOLIO ABOVE 3000 UNITS

TRIGUBOFF TAKES APARTMENT PORTFOLIO ABOVE 3000 UNITS

HARRY Triguboff has reached a new milestone with his property investment portfolio by breaching 3,000 apartments. The 3,066 apartments, all in Sydney, have been accumulated over 15 years by the Meriton group founder and owner and are worth more than $3 billion. They are in addition to nearly 4,500 serviced apartments owned by Meriton and a ...

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THE STAR'S STUNNING ANSWER TO CROWN'S BARANGAROO

THE STAR'S STUNNING ANSWER TO CROWN'S BARANGAROO

THE Star Entertainment Group (ASX:SGR), not to be outdone by James Packer's Barangaroo development across the pond from Darling Harbour, has revealed the stunning winning design for a proposed $500 million hotel apartment tower at its flagship Sydney property. The 60-storey project, which will see a return of The Ritz Carlton brand to...

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Aqualand Group takes major stake in McGrath
Aqualand Group takes major stake in McGrath

McGrath Limited (ASX: MEA) has sold a 15 per cent stake in the company to property giants Aqualand Group that give...

Satellite company Kleos Space set to launch
Satellite company Kleos Space set to launch

A highly successful seed-funding round in Australia earlier this year prompted Luxembourg-based tech company Kleos...

Cannabis companies hit new high with fresh capital
Cannabis companies hit new high with fresh capital

Two of Australia's leading listed cannabis players have raised millions in funds to boost their businesses in ...

Master U.S. sales trainer Jack Daly brings his expertise to Oz this July
Master U.S. sales trainer Jack Daly brings his expertise to Oz this July

Registrations are now open for three exclusive Australian workshops facilitated by one of the world's most exp...

Dreamscape makes fourth acquisition in 16 months for $8.5m
Dreamscape makes fourth acquisition in 16 months for $8.5m

Dreamscape Networks Limited (ASX: DN8) has acquired Domain Name Registrar (DNR) for $8.5 million, its fourth acqui...

Bank cartel case claims high-profile scalp at ASX
Bank cartel case claims high-profile scalp at ASX

The cartel scandal that has rocked the Australian banking industry has claimed another scalp with the resignation ...

Kidnapping phone scam targets Chinese students in Australia
Kidnapping phone scam targets Chinese students in Australia

The ACCC has warned Australia's Chinese community of a recurring scam that involves threats of arrest and exto...

Aussie drone defence company lands historic deal in the Middle East
Aussie drone defence company lands historic deal in the Middle East

Sydney-based drone defence company DroneShield has completed the largest order in its history, selling a record nu...

Kogan shares plunge after sell off rumours ring true
Kogan shares plunge after sell off rumours ring true

Shares in online retailer Kogan.com (ASX: KGN) have slumped 25 per cent after rumours came true that founder Rusla...

Investa enters into $3.14b takeover agreement with Blackstone
Investa enters into $3.14b takeover agreement with Blackstone

Investa Office Fund (ASX: IOF) has confirmed it has entered into a takeover agreement worth $3.14 billion with US ...

Underwater drone maker scores landmark deal with US Navy
Underwater drone maker scores landmark deal with US Navy

ASX-listed underwater drone manufacturer Aquabotix (ASX: UUV) has entered into an agreement with a major United St...

APA the target of $13b Chinese takeover
APA the target of $13b Chinese takeover

APA Group (ASX: APA) has opened its books up to a group from China which has offered $13 billion to take over the ...

Creso Pharma scores licence to grow cannabis in Colombia
Creso Pharma scores licence to grow cannabis in Colombia

A subsidiary of Australian cannabis company Creso Pharma (ASX: CPH) has been granted a pivotal licence to grow med...

College of Law acquires legal education provider CPD Interactive
College of Law acquires legal education provider CPD Interactive

In a move to strengthen its online offering, The College of Law has acquired the business operations of CPD Intera...

Companies

Court approves history-making settlement between Comm Bank and AUSTRAC
Court approves history-making settlement between Comm Bank and AUSTRAC

The Federal Court has today approved settlement between Commonwealth Bank (ASX: CBA) and the Australia Transaction...

Property

Aqualand Group takes major stake in McGrath
Aqualand Group takes major stake in McGrath

McGrath Limited (ASX: MEA) has sold a 15 per cent stake in the company to property giants Aqualand Group that give...

Opinion

Federal Labor calls for an end to live sheep exports
Federal Labor calls for an end to live sheep exports

The Federal Labor party has called for an end to the live sheep export trade if it wins government at the next ele...

Leadership

Liberal MPs to pursue a bill to phase out live export trade
Liberal MPs to pursue a bill to phase out live export trade

Liberal MP Sussan Ley has proposed a private members bill to phase out the cruel live export trade despite the Tur...

Entrepreneurship

Know your numbers or you're in deep trouble: Shark Tank's Janine Allis on startup mistakes
Know your numbers or you're in deep trouble: Shark Tank's Janine Allis on startup mistakes

She's a former backpacker who once worked on David Bowie's yacht and if you went back in time to before 20...

Technology

Underwater drone maker scores landmark deal with US Navy
Underwater drone maker scores landmark deal with US Navy

ASX-listed underwater drone manufacturer Aquabotix (ASX: UUV) has entered into an agreement with a major United St...

Kidnapping phone scam targets Chinese students in Australia
Kidnapping phone scam targets Chinese students in Australia

The ACCC has warned Australia's Chinese community of a recurring scam that involves threats of arrest and exto...

Finance

Court approves history-making settlement between Comm Bank and AUSTRAC
Court approves history-making settlement between Comm Bank and AUSTRAC

The Federal Court has today approved settlement between Commonwealth Bank (ASX: CBA) and the Australia Transaction...

Marketing

From phonebooks to Google's front page: how Localsearch thrived in the digital era
From phonebooks to Google's front page: how Localsearch thrived in the digital era

For years, online marketers have warned "change is imminent" as mobile becomes dominant, taking over tra...

Executive Lifestyle

The Test Drive that's designed to help you stand out from the crowd
The Test Drive that's designed to help you stand out from the crowd

An undergraduate degree was once a distinguishing feature of employability and a person's skills in the busine...

Conference And Events

Master U.S. sales trainer Jack Daly brings his expertise to Oz this July
Master U.S. sales trainer Jack Daly brings his expertise to Oz this July

Registrations are now open for three exclusive Australian workshops facilitated by one of the world's most exp...

Video

HOW KATE MOSS AND A SENSE OF SENSE OF HUMOUR HELPED AN ENTREPRENEUR TO LAND A DEAL ON SHARK TANK
HOW KATE MOSS AND A SENSE OF SENSE OF HUMOUR HELPED AN ENTREPRENEUR TO LAND A DEAL ON SHARK TANK

WITH a tried and tested family golden ginger cookie recipe, a sprinkle of sarcasm and a background in marketing an...

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