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AWAKEN RESIDENCES READY TO GO LIVE Awaken Residences, at 275 Boundary Street, Coolangatta, will atop the Point Danger peninsula, has three street frontage and will be comprised of 12-storeys, including a two-storey penthouse. The development comes after the sell-out success of S&S’s $74 million Flow Residences, which sits just a block away from the new site.“Our last
POINT GROUP FUELS APPETITE FOR SHELL HOUSE Point Group fuels appetite for Shell House. THE Point Group is set to create a new dining experience in the recently restored historic Shell House rooftop, in Brookfield Properties $2 billion Brookfield Place Sydney. Signing onto a 15-year lease, The Point Group will launch a multi-storey food and beverage venue at 2 Carrington Street in the CENTURIA OFFICE CONFIDENCE UP AS OCCUPIER DEMAND RETURNS Centuria Office confidence up as occupier demand returns. April 21, 2021. By Liz Jordan. CENTURIA Office REIT (COF) is moving ahead with more surety, tightening its guidance range after seeing improved leasing conditions throughout the March quarter. The trust secured 16,597 sqm of leasing agreements across 12 deals during the period AINSCOUGH DIVESTS CLARENDON TAVERN Ainscough divests Clarendon Tavern. April 8, 2021. By Staff Writers. LOCAL hero Luke Ainscough has sold his Clarendon Tavern in the Hawkesbury region, in the latest New South Wales pub transaction. The Clarendon Tavern is between the townships of Windsor and Richmond, both of which were severely flooded during the torrential rain ofrecent weeks.
INDUSTRIAL LAND SUPPLY RUNNING OUT IN 5-15 YEARS Crabb said the future for industrial could be vertical, a trend already underway in Sydney, where land supply is forecast to run out at the end of 2021. “Melbourne is projected to become a city of about 8 – 10 million, part of the reserve land for the future is for residential. There is going to be a real tussle between highest andbest use.
AUSTRALIAN PROPERTY JOURNAL Office, industrial and retail property market, sale and leasing transactions. COMMERCIAL PROPERTY, SALES & LEASING. Smooth Retirement moves to 45 St Georges. May 26, 2021. PERTH’S 45 St Georges Terrace is now fully occupied after the signature of specialist financial consultancy firm Smooth Retirement completed a. DEVELOPMENT DIRECTIVE PROPOSES $70M RETAIL VILLAGE DEVELOPMENT Directive has lodged an application for a $70 million retail centre and green parkland in Thornlands, Queensland. The Paradise Garden Shopping Village, located on the corner of Boundary Road and Panorama Drive, is a proposed 7750sqm mixed-use centre that will include a full-line supermarket, specialty stores, a service station, medical centre, family friendly tavern and hospitality ASIC GOES AFTER PROPERTY FUNDS MANAGER ASIC goes after property funds manager. May 16, 2021. By Liz Jordan. THE Australian Securities and Investment Commission has commenced proceedings in the Federal Court in Brisbane against fund manager PE Capital Funds Management Ltd, alleging misconduct relating to the operation of managed investment schemes. ASIC alleged PE Capital Funds GORDON CORPORATION WINS THE SPIT DEVELOPMENT Gordon Corporation wins The Spit development. A $93.6 million proposed luxury apartment development on the Gold Coast could mean more than 400 new jobs, at the proposed site at Southport Spit. The proposal for the Village Centre South project is part of the Queensland State government’s The Spit Master Plan, which the government conducted an GOVT EXTENDS $2.5B HOMEBUILDER SCHEME BY 18 MONTHS Govt extends $2.5b HomeBuilder scheme by 18 months. THE federal government has extended the HomeBuilder grant of up to $25,000 in response to the unprecedented demand and unanticipated delays in the construction industry caused by COVID-19. Treasurer Josh Frydenberg said the program would be extended from six months to 18 months forall
AWAKEN RESIDENCES READY TO GO LIVE Awaken Residences, at 275 Boundary Street, Coolangatta, will atop the Point Danger peninsula, has three street frontage and will be comprised of 12-storeys, including a two-storey penthouse. The development comes after the sell-out success of S&S’s $74 million Flow Residences, which sits just a block away from the new site.“Our last
POINT GROUP FUELS APPETITE FOR SHELL HOUSE Point Group fuels appetite for Shell House. THE Point Group is set to create a new dining experience in the recently restored historic Shell House rooftop, in Brookfield Properties $2 billion Brookfield Place Sydney. Signing onto a 15-year lease, The Point Group will launch a multi-storey food and beverage venue at 2 Carrington Street in the CENTURIA OFFICE CONFIDENCE UP AS OCCUPIER DEMAND RETURNS Centuria Office confidence up as occupier demand returns. April 21, 2021. By Liz Jordan. CENTURIA Office REIT (COF) is moving ahead with more surety, tightening its guidance range after seeing improved leasing conditions throughout the March quarter. The trust secured 16,597 sqm of leasing agreements across 12 deals during the period AINSCOUGH DIVESTS CLARENDON TAVERN Ainscough divests Clarendon Tavern. April 8, 2021. By Staff Writers. LOCAL hero Luke Ainscough has sold his Clarendon Tavern in the Hawkesbury region, in the latest New South Wales pub transaction. The Clarendon Tavern is between the townships of Windsor and Richmond, both of which were severely flooded during the torrential rain ofrecent weeks.
INDUSTRIAL LAND SUPPLY RUNNING OUT IN 5-15 YEARS Crabb said the future for industrial could be vertical, a trend already underway in Sydney, where land supply is forecast to run out at the end of 2021. “Melbourne is projected to become a city of about 8 – 10 million, part of the reserve land for the future is for residential. There is going to be a real tussle between highest andbest use.
GLOBAL HOUSE PRICES DEFY PANDEMIC HOUSE prices across the world are rising at their fastest pace since 2006 and in Australia, Perth, Sydney and Canberra are leading the way. Australia has ranked 18th in Knight Frank’s latest Global Housing Price Index for the first quarter with a year-on-year change of 8.3%, while Turkey topped the list for the fifth quarter in a row, with a32.0% increase.
NUVEEN COMPLETES SYDNEY OFFICE PRACTICAL completion has been reached on Nuveen Real Estate’s prime office development, SubStation No. 164, the seed asset of the the investment managers’ A MAXCAP BACKS PERTH APARTMENTS TOWER COMMERCIAL real estate financier and investment manager MaxCap has added to its recent commitments across the country, backing a residential tower in Perth’s inner suburb of Booragoon with a $53.5 million funding package. KEEN PERTH BUYERS PUSH SALES HIGHER SALES activity has more than doubled across 10 suburbs in Perth as first home buyer activity jumped by 105% in Western Australia. According to the latest sal MELBOURNE CBD OFFICE OCCUPANCY FALTERS EVEN before the city’s most recent lockdown, Melbourne’s CBD reactivation is still significantly behind the rest of the country. While over May Sydney’s CBD office occupancy mostly caught up to the other capitals, rising to 68% of pre-COVID levels, Melbourne’s sat at just 45%, according to the Property Council of Australia’s mostrecent survey.
BUILT AND OBAYASHI TO DELIVER ATLASSIAN HQ Built and Obayashi to deliver Atlassian HQ. July 30, 2020. By Staff Writers. AUSTRALIAN construction group Built, in a joint venture with Obayashi Corporation, have been awarded early contractor involvement by Atlassian for the tech giant’s flagship headquarters building in Sydney, which will become the world’s tallest hybrid timber tower. AMP ON TRACK TO DELIVER $1BN IN RETAIL PROJECTS WITH the completion of the $142 million Marrickville Metro, AMP Capital is set to deliver almost $1 billion in retail development on behalf of UniSuper. The TRICARE STARTS ON WILLIAMS LANDING FACILITY The facility will offer residents amenities such as communal and private dining areas and lounges, a wine bar, care, in-house cinema and salon, as well as access to a glass conservatory, landscaped gardens and a greenhouse. NSW BUYS RURAL LAND FOR NATURE RESERVE THE NSW government has made its second-largest acquisition for national parks over the past decade, with the purchase of 60,468 hectares across the neighbouring Langidoon and Metford stations, east of Broken Hill, for an outback nature reserve. CENTURIA BUYS $224M SUBURBAN OFFICE FROM GROLLO CENTURIA Capital Group has bought a $224 million office building in Melbourne’s inner west from the Grollo family for a new unlisted fund, and will seek to raise $133 million in what is Australia’s largest single-asset retail capital raise in the past 15 years. AUSTRALIAN PROPERTY JOURNAL MELBOURNE’S only Family Court of Australia outside of the CBD has changed hands for $12 million. A private investor purchased 53-55 Robinson Street, in the south eastern suburb of Dandenong, which has been a family law court since the mid-1908s and is leased to the Commonwealth government until July 2023 with no further option. DEVELOPMENT DIRECTIVE PROPOSES $70M RETAIL VILLAGE DEVELOPMENT Directive has lodged an application for a $70 million retail centre and green parkland in Thornlands, Queensland. The Paradise Garden Shopping Village, located on the corner of Boundary Road and Panorama Drive, is a proposed 7750sqm mixed-use centre that will include a full-line supermarket, specialty stores, a service station, medical centre, family friendly tavern and hospitality GORDON CORPORATION WINS THE SPIT DEVELOPMENT A $93.6 million proposed luxury apartment development on the Gold Coast could mean more than 400 new jobs, at the proposed site at Southport Spit. The propos GOVT EXTENDS $2.5B HOMEBUILDER SCHEME BY 18 MONTHS “The swift introduction of HomeBuilder gave Australians the confidence to build or rebuild a home during a period of great uncertainty. In doing so, the Morrison Government has successfully protected the more than one million jobs dependant on the residential construction sector.” ASIC GOES AFTER PROPERTY FUNDS MANAGER PE Capital was chaired by former Macquarie Bank executive Martyn Barnes, while Simon Day, formerly in corporate finance at PwC, is its CEO. In the middle of 2019, it sold the last of its 1.1 hectare development in Melbourne’s south east suburbs for $8.25 million. POINT GROUP FUELS APPETITE FOR SHELL HOUSE The venue will span 1,250sqm across three levels with both indoor and outdoor settings. In addition to the rooftop Shell House Sky Bar on level 10, the hospitality experience will include a ground floor bar, the Menzies Bar and the Shell House Dining Room and Bar on level 9. TOP SUBURBS ATTRACTING FIRST HOME BUYERS FOR first home buyers, Marsden Park takes the number spot among New South Wales suburbs. According to research and data by proprech firm InfoTrack, which followed purchaser behaviour over the past 12 months, Marsden Park, Austral and Oran Park are the top three most favoured suburbs for NSW first home buyers. HUB AND WOTSO WORKING TOGETHER LOCAL co-working space majors Hub Australia and WOTSO are backing hybrid work arrangements, striking an alliance that will see their respective CBD and suburban-focused offerings open to the rivals’ combined 7,000 members. IWG LOOKING TO GROW NETWORK “IWG is currently working actively with franchise partners to capitalise on the growing demand in the flexible workspace industry outside of core CBDs, as the adoption of flexible working culture accelerates in Australia and people move to work closer from home,”it said.
COLES SHOWCASES NEW TECH SHOPPING CENTRE COLES has started construction on the Schofields Village shopping centre, which will feature new online shopping technology, as developers adapt to changes in consumer behaviour accelerated by theCOVID-19 pandemic.
AUSTRALIAN PROPERTY JOURNAL MELBOURNE’S only Family Court of Australia outside of the CBD has changed hands for $12 million. A private investor purchased 53-55 Robinson Street, in the south eastern suburb of Dandenong, which has been a family law court since the mid-1908s and is leased to the Commonwealth government until July 2023 with no further option. DEVELOPMENT DIRECTIVE PROPOSES $70M RETAIL VILLAGE DEVELOPMENT Directive has lodged an application for a $70 million retail centre and green parkland in Thornlands, Queensland. The Paradise Garden Shopping Village, located on the corner of Boundary Road and Panorama Drive, is a proposed 7750sqm mixed-use centre that will include a full-line supermarket, specialty stores, a service station, medical centre, family friendly tavern and hospitality GORDON CORPORATION WINS THE SPIT DEVELOPMENT A $93.6 million proposed luxury apartment development on the Gold Coast could mean more than 400 new jobs, at the proposed site at Southport Spit. The propos GOVT EXTENDS $2.5B HOMEBUILDER SCHEME BY 18 MONTHS “The swift introduction of HomeBuilder gave Australians the confidence to build or rebuild a home during a period of great uncertainty. In doing so, the Morrison Government has successfully protected the more than one million jobs dependant on the residential construction sector.” ASIC GOES AFTER PROPERTY FUNDS MANAGER PE Capital was chaired by former Macquarie Bank executive Martyn Barnes, while Simon Day, formerly in corporate finance at PwC, is its CEO. In the middle of 2019, it sold the last of its 1.1 hectare development in Melbourne’s south east suburbs for $8.25 million. POINT GROUP FUELS APPETITE FOR SHELL HOUSE The venue will span 1,250sqm across three levels with both indoor and outdoor settings. In addition to the rooftop Shell House Sky Bar on level 10, the hospitality experience will include a ground floor bar, the Menzies Bar and the Shell House Dining Room and Bar on level 9. TOP SUBURBS ATTRACTING FIRST HOME BUYERS FOR first home buyers, Marsden Park takes the number spot among New South Wales suburbs. According to research and data by proprech firm InfoTrack, which followed purchaser behaviour over the past 12 months, Marsden Park, Austral and Oran Park are the top three most favoured suburbs for NSW first home buyers. HUB AND WOTSO WORKING TOGETHER LOCAL co-working space majors Hub Australia and WOTSO are backing hybrid work arrangements, striking an alliance that will see their respective CBD and suburban-focused offerings open to the rivals’ combined 7,000 members. IWG LOOKING TO GROW NETWORK “IWG is currently working actively with franchise partners to capitalise on the growing demand in the flexible workspace industry outside of core CBDs, as the adoption of flexible working culture accelerates in Australia and people move to work closer from home,”it said.
COLES SHOWCASES NEW TECH SHOPPING CENTRE COLES has started construction on the Schofields Village shopping centre, which will feature new online shopping technology, as developers adapt to changes in consumer behaviour accelerated by theCOVID-19 pandemic.
MAXCAP BACKS PERTH APARTMENTS TOWER COMMERCIAL real estate financier and investment manager MaxCap has added to its recent commitments across the country, backing a residential tower in Perth’s inner suburb of Booragoon with a $53.5 million funding package. NUVEEN COMPLETES SYDNEY OFFICE PRACTICAL completion has been reached on Nuveen Real Estate’s prime office development, SubStation No. 164, the seed asset of the the investment managers’ A MELBOURNE CBD OFFICE OCCUPANCY FALTERS EVEN before the city’s most recent lockdown, Melbourne’s CBD reactivation is still significantly behind the rest of the country. While over May Sydney’s CBD office occupancy mostly caught up to the other capitals, rising to 68% of pre-COVID levels, Melbourne’s sat at just 45%, according to the Property Council of Australia’s mostrecent survey.
TOP SUBURBS ATTRACTING FIRST HOME BUYERS FOR first home buyers, Marsden Park takes the number spot among New South Wales suburbs. According to research and data by proprech firm InfoTrack, which followed purchaser behaviour over the past 12 months, Marsden Park, Austral and Oran Park are the top three most favoured suburbs for NSW first home buyers. INDUSTRIAL SUPPLY SHORTAGE LOOMING AS E-COMMERCE BOOMS THE current industrial and logistics supply pipeline will struggle to meet the additional requirement of 500,000 sqm per year to fulfill theinsatiable demand f
CENTURIA BUYS $224M SUBURBAN OFFICE FROM GROLLO CENTURIA Capital Group has bought a $224 million office building in Melbourne’s inner west from the Grollo family for a new unlisted fund, and will seek to raise $133 million in what is Australia’s largest single-asset retail capital raise in the past 15 years. SISTERS OF MERCY PRAY FOR STRONG RESULT WITH MAJOR A MASSIVE 148,064sqm property with significant development potential, only 5km from Brisbane’s CBD, has entered the market. The amalgamated property, at 371 Simpson Road Bardon once served as the Sisters of Mercy Congregation’s novitiate and is currently used as their administration offices, accommodation and conference spaces. NSW BUYS RURAL LAND FOR NATURE RESERVE THE NSW government has made its second-largest acquisition for national parks over the past decade, with the purchase of 60,468 hectares across the neighbouring Langidoon and Metford stations, east of Broken Hill, for an outback nature reserve. TRICARE STARTS ON WILLIAMS LANDING FACILITY The facility will offer residents amenities such as communal and private dining areas and lounges, a wine bar, care, in-house cinema and salon, as well as access to a glass conservatory, landscaped gardens and a greenhouse. HERRON TODD WHITE MERGES BUSINESSES INDEPENDENT valuation firm Herron Todd White is merging its Melbourne and South East Regional Australia entities. Managing director of Victoria and Tasmania Tony Kelly said this process will consolidate the operations across all of Victoria and Tasmania as well as some cross-border regions in South Australia and NSW. AUSTRALIAN PROPERTY JOURNAL Office, industrial and retail property market, sale and leasing transactions. COMMERCIAL PROPERTY, SALES & LEASING. Smooth Retirement moves to 45 St Georges. May 26, 2021. PERTH’S 45 St Georges Terrace is now fully occupied after the signature of specialist financial consultancy firm Smooth Retirement completed a. GORDON CORPORATION WINS THE SPIT DEVELOPMENT Gordon Corporation wins The Spit development. A $93.6 million proposed luxury apartment development on the Gold Coast could mean more than 400 new jobs, at the proposed site at Southport Spit. The proposal for the Village Centre South project is part of the Queensland State government’s The Spit Master Plan, which the government conducted an ASIC GOES AFTER PROPERTY FUNDS MANAGER ASIC goes after property funds manager. May 16, 2021. By Liz Jordan. THE Australian Securities and Investment Commission has commenced proceedings in the Federal Court in Brisbane against fund manager PE Capital Funds Management Ltd, alleging misconduct relating to the operation of managed investment schemes. ASIC alleged PE Capital Funds HUB AND WOTSO WORKING TOGETHER LOCAL co-working space majors Hub Australia and WOTSO are backing hybrid work arrangements, striking an alliance that will see their respective CBD and suburban-focused offerings open to the rivals’ combined 7,000 members. A pilot program will run for six months and provide more than 25 flexible workspaces across the country. GOVT EXTENDS $2.5B HOMEBUILDER SCHEME BY 18 MONTHS Govt extends $2.5b HomeBuilder scheme by 18 months. THE federal government has extended the HomeBuilder grant of up to $25,000 in response to the unprecedented demand and unanticipated delays in the construction industry caused by COVID-19. Treasurer Josh Frydenberg said the program would be extended from six months to 18 months forall
POINT GROUP FUELS APPETITE FOR SHELL HOUSE Point Group fuels appetite for Shell House. THE Point Group is set to create a new dining experience in the recently restored historic Shell House rooftop, in Brookfield Properties $2 billion Brookfield Place Sydney. Signing onto a 15-year lease, The Point Group will launch a multi-storey food and beverage venue at 2 Carrington Street in the TOP SUBURBS ATTRACTING FIRST HOME BUYERS Following Austral is Oran Park, with a $742,000 median house price, Schofields with a median price of $855,000, Campbelltown with $623,000, Liverpool with $741,000, Wagga with $443,250, Greystanes with $870,000, Hamlyn Terrace with $650,000 and Gosford with $557,500. Amongst the top 10, Wagga Wagga is the furthest out from the SydneyCBD at
FORMER NAB CFO JOINS ELDERS May 3, 2021. By Staff Writers. ASX-listed agribusiness Elders has appointed NAB’s former business and private banking chief financial officer Tania Foster as its CFO. Foster joins Elders after ten years at the major lender, where she was also CFO for corporate and institutional banking. Before joining NAB, she also held roles withANZ and BHP.
IWG LOOKING TO GROW NETWORK IWG looking to grow network. February 28, 2021. By Staff Writers. THE world’s largest flexible workspace provider, IWG has appointed Jonathan Kearins as network development director for the company’s Australia and New Zealand operations. Kearins will be responsible for leading and delivering the network growth of IWG locations inAustralia
COLES SHOWCASES NEW TECH SHOPPING CENTRE Coles showcases new tech shopping centre. February 2, 2021. By Hannah Page. COLES has started construction on the Schofields Village shopping centre, which will feature new online shopping technology, as developers adapt to changes in consumer behaviour accelerated by the COVID-19 pandemic. Located in a key growth corridor in Greater Western AUSTRALIAN PROPERTY JOURNAL Office, industrial and retail property market, sale and leasing transactions. COMMERCIAL PROPERTY, SALES & LEASING. Smooth Retirement moves to 45 St Georges. May 26, 2021. PERTH’S 45 St Georges Terrace is now fully occupied after the signature of specialist financial consultancy firm Smooth Retirement completed a. GORDON CORPORATION WINS THE SPIT DEVELOPMENT Gordon Corporation wins The Spit development. A $93.6 million proposed luxury apartment development on the Gold Coast could mean more than 400 new jobs, at the proposed site at Southport Spit. The proposal for the Village Centre South project is part of the Queensland State government’s The Spit Master Plan, which the government conducted an ASIC GOES AFTER PROPERTY FUNDS MANAGER ASIC goes after property funds manager. May 16, 2021. By Liz Jordan. THE Australian Securities and Investment Commission has commenced proceedings in the Federal Court in Brisbane against fund manager PE Capital Funds Management Ltd, alleging misconduct relating to the operation of managed investment schemes. ASIC alleged PE Capital Funds HUB AND WOTSO WORKING TOGETHER LOCAL co-working space majors Hub Australia and WOTSO are backing hybrid work arrangements, striking an alliance that will see their respective CBD and suburban-focused offerings open to the rivals’ combined 7,000 members. A pilot program will run for six months and provide more than 25 flexible workspaces across the country. GOVT EXTENDS $2.5B HOMEBUILDER SCHEME BY 18 MONTHS Govt extends $2.5b HomeBuilder scheme by 18 months. THE federal government has extended the HomeBuilder grant of up to $25,000 in response to the unprecedented demand and unanticipated delays in the construction industry caused by COVID-19. Treasurer Josh Frydenberg said the program would be extended from six months to 18 months forall
POINT GROUP FUELS APPETITE FOR SHELL HOUSE Point Group fuels appetite for Shell House. THE Point Group is set to create a new dining experience in the recently restored historic Shell House rooftop, in Brookfield Properties $2 billion Brookfield Place Sydney. Signing onto a 15-year lease, The Point Group will launch a multi-storey food and beverage venue at 2 Carrington Street in the TOP SUBURBS ATTRACTING FIRST HOME BUYERS Following Austral is Oran Park, with a $742,000 median house price, Schofields with a median price of $855,000, Campbelltown with $623,000, Liverpool with $741,000, Wagga with $443,250, Greystanes with $870,000, Hamlyn Terrace with $650,000 and Gosford with $557,500. Amongst the top 10, Wagga Wagga is the furthest out from the SydneyCBD at
FORMER NAB CFO JOINS ELDERS May 3, 2021. By Staff Writers. ASX-listed agribusiness Elders has appointed NAB’s former business and private banking chief financial officer Tania Foster as its CFO. Foster joins Elders after ten years at the major lender, where she was also CFO for corporate and institutional banking. Before joining NAB, she also held roles withANZ and BHP.
IWG LOOKING TO GROW NETWORK IWG looking to grow network. February 28, 2021. By Staff Writers. THE world’s largest flexible workspace provider, IWG has appointed Jonathan Kearins as network development director for the company’s Australia and New Zealand operations. Kearins will be responsible for leading and delivering the network growth of IWG locations inAustralia
COLES SHOWCASES NEW TECH SHOPPING CENTRE Coles showcases new tech shopping centre. February 2, 2021. By Hannah Page. COLES has started construction on the Schofields Village shopping centre, which will feature new online shopping technology, as developers adapt to changes in consumer behaviour accelerated by the COVID-19 pandemic. Located in a key growth corridor in Greater Western TOP SUBURBS ATTRACTING FIRST HOME BUYERS FOR first home buyers, Marsden Park takes the number spot among New South Wales suburbs. According to research and data by proprech firm InfoTrack, which followed purchaser behaviour over the past 12 months, Marsden Park, Austral and Oran Park are the top three most favoured suburbs for NSW first home buyers. SYDNEY PRICES 50PC HIGHER THAN NATIONAL MEDIAN CAPITAL city dwelling prices nationally surged at their highest quarterly rate in decade, according to the Real Estate Institute of Australia, as Sydney’s med NUVEEN COMPLETES SYDNEY OFFICE PRACTICAL completion has been reached on Nuveen Real Estate’s prime office development, SubStation No. 164, the seed asset of the the investment managers’ A NSW PUSHES ENTER ON $246M DATA CENTRE DA Due in part to the acceleration of ecommerce over 2020, the demand for data centres has grown, with the state government in April estimating there were five planned data centre projects across the state for a combined value of $1.1 billion. EDU APPOINTS ARCHITECTS FOR $695M CAMPUS Marshall Day will carry out the acoustic engineering at the campus, following its successful acoustic delivery of Optus Stadium. Urbis will lead on town planning, and quantity surveyors Donald Cant Watts Corke is already working on site. ADELAIDE LURING INTERSTATE BUYERS INTERSTATE home buyers are showing up for the South Australian residential market, as interstate purchases in the state increased by 313%. According to REISA TRICARE STARTS ON WILLIAMS LANDING FACILITY The facility will offer residents amenities such as communal and private dining areas and lounges, a wine bar, care, in-house cinema and salon, as well as access to a glass conservatory, landscaped gardens and a greenhouse. INDUSTRIAL SUPPLY SHORTAGE LOOMING AS E-COMMERCE BOOMS THE current industrial and logistics supply pipeline will struggle to meet the additional requirement of 500,000 sqm per year to fulfill theinsatiable demand f
NSW BUYS RURAL LAND FOR NATURE RESERVE THE NSW government has made its second-largest acquisition for national parks over the past decade, with the purchase of 60,468 hectares across the neighbouring Langidoon and Metford stations, east of Broken Hill, for an outback nature reserve. BOYUAN FOCUSES ON BOOMING INDUSTRIAL PROPERTY SECTOR PROPERTY Boyuan Holdings has hired former AMP Capital executive Andrew Quade to bolster its capabilities in the industrial property sector. Quade has over 25 years’ experience in property development, acquisitions, valuation and asset management. AUSTRALIAN PROPERTY JOURNAL Office, industrial and retail property market, sale and leasing transactions. COMMERCIAL PROPERTY, SALES & LEASING. Smooth Retirement moves to 45 St Georges. May 26, 2021. PERTH’S 45 St Georges Terrace is now fully occupied after the signature of specialist financial consultancy firm Smooth Retirement completed a. ASIC GOES AFTER PROPERTY FUNDS MANAGER ASIC goes after property funds manager. May 16, 2021. By Liz Jordan. THE Australian Securities and Investment Commission has commenced proceedings in the Federal Court in Brisbane against fund manager PE Capital Funds Management Ltd, alleging misconduct relating to the operation of managed investment schemes. ASIC alleged PE Capital Funds GORDON CORPORATION WINS THE SPIT DEVELOPMENT Gordon Corporation wins The Spit development. A $93.6 million proposed luxury apartment development on the Gold Coast could mean more than 400 new jobs, at the proposed site at Southport Spit. The proposal for the Village Centre South project is part of the Queensland State government’s The Spit Master Plan, which the government conducted an AINSCOUGH DIVESTS CLARENDON TAVERN Ainscough divests Clarendon Tavern. April 8, 2021. By Staff Writers. LOCAL hero Luke Ainscough has sold his Clarendon Tavern in the Hawkesbury region, in the latest New South Wales pub transaction. The Clarendon Tavern is between the townships of Windsor and Richmond, both of which were severely flooded during the torrential rain ofrecent weeks.
IWG LOOKING TO GROW NETWORK IWG looking to grow network. February 28, 2021. By Staff Writers. THE world’s largest flexible workspace provider, IWG has appointed Jonathan Kearins as network development director for the company’s Australia and New Zealand operations. Kearins will be responsible for leading and delivering the network growth of IWG locations inAustralia
CENTURIA OFFICE CONFIDENCE UP AS OCCUPIER DEMAND RETURNS Centuria Office confidence up as occupier demand returns. April 21, 2021. By Liz Jordan. CENTURIA Office REIT (COF) is moving ahead with more surety, tightening its guidance range after seeing improved leasing conditions throughout the March quarter. The trust secured 16,597 sqm of leasing agreements across 12 deals during the period POINT GROUP FUELS APPETITE FOR SHELL HOUSE Point Group fuels appetite for Shell House. THE Point Group is set to create a new dining experience in the recently restored historic Shell House rooftop, in Brookfield Properties $2 billion Brookfield Place Sydney. Signing onto a 15-year lease, The Point Group will launch a multi-storey food and beverage venue at 2 Carrington Street in the BUILT AND OBAYASHI TO DELIVER ATLASSIAN HQ Built and Obayashi to deliver Atlassian HQ. July 30, 2020. By Staff Writers. AUSTRALIAN construction group Built, in a joint venture with Obayashi Corporation, have been awarded early contractor involvement by Atlassian for the tech giant’s flagship headquarters building in Sydney, which will become the world’s tallest hybrid timber tower. $700 MILLION ARENA FOR ADELAIDE RIVERBANK SOUTH Australia Premier Steven Marshall has pledged to build a new $700 million multipurpose indoor arena in the Adelaide Riverbank precinct if the government is re-elected. The 15,000-person arena proposal has been developed by the Adelaide Venue Management Corporation and has undergone preliminary assessment by InfrastructureSouth Australia.
VALUATION ADVICE FOR CLADDING ON BUILDINGS June 6, 2018. By Nelson Yap. THE Australian Property Institute has issued a guidance for valuers preparing valuation reports on residential apartments, developments and high rise non-residential buildings where cladding is utilised, following consultation with the major lenders and LMIs as AUSTRALIAN PROPERTY JOURNAL Office, industrial and retail property market, sale and leasing transactions. COMMERCIAL PROPERTY, SALES & LEASING. Smooth Retirement moves to 45 St Georges. May 26, 2021. PERTH’S 45 St Georges Terrace is now fully occupied after the signature of specialist financial consultancy firm Smooth Retirement completed a. ASIC GOES AFTER PROPERTY FUNDS MANAGER ASIC goes after property funds manager. May 16, 2021. By Liz Jordan. THE Australian Securities and Investment Commission has commenced proceedings in the Federal Court in Brisbane against fund manager PE Capital Funds Management Ltd, alleging misconduct relating to the operation of managed investment schemes. ASIC alleged PE Capital Funds GORDON CORPORATION WINS THE SPIT DEVELOPMENT Gordon Corporation wins The Spit development. A $93.6 million proposed luxury apartment development on the Gold Coast could mean more than 400 new jobs, at the proposed site at Southport Spit. The proposal for the Village Centre South project is part of the Queensland State government’s The Spit Master Plan, which the government conducted an AINSCOUGH DIVESTS CLARENDON TAVERN Ainscough divests Clarendon Tavern. April 8, 2021. By Staff Writers. LOCAL hero Luke Ainscough has sold his Clarendon Tavern in the Hawkesbury region, in the latest New South Wales pub transaction. The Clarendon Tavern is between the townships of Windsor and Richmond, both of which were severely flooded during the torrential rain ofrecent weeks.
IWG LOOKING TO GROW NETWORK IWG looking to grow network. February 28, 2021. By Staff Writers. THE world’s largest flexible workspace provider, IWG has appointed Jonathan Kearins as network development director for the company’s Australia and New Zealand operations. Kearins will be responsible for leading and delivering the network growth of IWG locations inAustralia
CENTURIA OFFICE CONFIDENCE UP AS OCCUPIER DEMAND RETURNS Centuria Office confidence up as occupier demand returns. April 21, 2021. By Liz Jordan. CENTURIA Office REIT (COF) is moving ahead with more surety, tightening its guidance range after seeing improved leasing conditions throughout the March quarter. The trust secured 16,597 sqm of leasing agreements across 12 deals during the period POINT GROUP FUELS APPETITE FOR SHELL HOUSE Point Group fuels appetite for Shell House. THE Point Group is set to create a new dining experience in the recently restored historic Shell House rooftop, in Brookfield Properties $2 billion Brookfield Place Sydney. Signing onto a 15-year lease, The Point Group will launch a multi-storey food and beverage venue at 2 Carrington Street in the BUILT AND OBAYASHI TO DELIVER ATLASSIAN HQ Built and Obayashi to deliver Atlassian HQ. July 30, 2020. By Staff Writers. AUSTRALIAN construction group Built, in a joint venture with Obayashi Corporation, have been awarded early contractor involvement by Atlassian for the tech giant’s flagship headquarters building in Sydney, which will become the world’s tallest hybrid timber tower. $700 MILLION ARENA FOR ADELAIDE RIVERBANK SOUTH Australia Premier Steven Marshall has pledged to build a new $700 million multipurpose indoor arena in the Adelaide Riverbank precinct if the government is re-elected. The 15,000-person arena proposal has been developed by the Adelaide Venue Management Corporation and has undergone preliminary assessment by InfrastructureSouth Australia.
VALUATION ADVICE FOR CLADDING ON BUILDINGS June 6, 2018. By Nelson Yap. THE Australian Property Institute has issued a guidance for valuers preparing valuation reports on residential apartments, developments and high rise non-residential buildings where cladding is utilised, following consultation with the major lenders and LMIs as NUVEEN COMPLETES SYDNEY OFFICE PRACTICAL completion has been reached on Nuveen Real Estate’s prime office development, SubStation No. 164, the seed asset of the the investment managers’ A NSW PUSHES ENTER ON $246M DATA CENTRE DA Due in part to the acceleration of ecommerce over 2020, the demand for data centres has grown, with the state government in April estimating there were five planned data centre projects across the state for a combined value of $1.1 billion. SHERPA SALE SUCCESS CONTINUES AT PALM BEACH SHERPA Property Group has posted a second Gold Coast sell-out in a matter of weeks, nabbing $36 million of apartment sales at its latest Palm Beach project prior to the official launch. CBRE SUPERCHARGES ADELAIDE VALUATIONS TEAM CBRE has tripled the size of its Adelaide valuations and advisory services team in less than three months with new hires strengthening its expertise in the comm HENZELL MOOTS LIFESTYLE & RETAIL PRECINCT IN CALOUNDRA The development will be delivered across two stages, with the first stage including 39 apartments across 10 floors, offering two- and three-bedroom residences, a penthouse collection and amenities such as a resort style pool. A-P RETAIL STORIES L LISA SHALEM A-P Retail Stories l Lisa Shalem – Shoes & Sox. June 8, 2021. By IP GENERATION GOES ON SHOPPING CENTRE SPREE IP Generation has picked up a $300 million portfolio of Sydney and regional NSW neighbourhood shopping centres from businessman Paul Lederer. The biggest pro CBRE BOLSTERS BRISBANE CAPITAL MARKETS TEAM CBRE has strengthened its Brisbane capital markets office division with the appointment of Adelaide O’Brien as an associate director. O’Brien worked as part of the Capital Markets business in Queensland during a four-year tenure with CBRE, which concluded in January lastyear.
I&L LANDLORDS NEED TO FOCUS ON ESG TO STAY COMPETITIVE FROM coffee beans to mobile phones, consumers are increasingly demanding more transparency in the supply chain of the goods they buy. This is one of many factor COMPANIES STILL VALUE CENTRAL LOCATION THE old real estate adage of “location, location, location” appears to be holding true for the Australian office market, with a sizable majority of business* Login
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RETAIL ASSET GLUT AND SOFTER PRICING FORCES VICINITY TO HALT SALEAugust 14, 2019
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RETAIL ASSET GLUT AND SOFTER PRICING FORCES VICINITY TO HALT SALEAugust 14, 2019
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DELINQUENCIES and losses for Australian residential mortgage-backed securities (RMBS) remained low in the first half of this year, butwill rise in....
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LISTED COMPANIES, A-REITS & UNLISTED PROPERTY FUNDS RETAIL ASSET GLUT AND SOFTER PRICING FORCES VICINITY TO HALT SALEAugust 14, 2019
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TOUGH retail conditions and a saturation of properties on the market, around 1.3 million sqm of gross lettable area, has forced VicinityCentres to....
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DEXUS (ASX: DXS) is looking towards its $9.3 billion development pipeline as a source of future growth as competition for good qualityassets....
LIFESTYLE COMMUNITIES DELIVERS STRONG PROFITAugust 14, 2019
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LIFESTYLE Communities (ASX: LIC) has posted a 21.6% jump in annual profits to $41.1 million, underpinned by new settlements and higherrental income....
AVEO SAYS YES TO $1.27BN BROOKFIELD TAKEOVERAugust 14, 2019
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RETIREMENT living operator Aveo has accepted Canadian giant Brookfield’s $1.27 billion takeover offer. Aveo securityholders will entitled to $2.195....VIDEO NEWS
APJ PROPERTY LEADERS INTERVIEW WITH DR ANNE KERRFebruary 12, 2019
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IN 11 years, the world would need 50% more energy, 40% more water and 30% more food. Dr Anne Kerr talks about what cities would look like inyear....
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APJ PROPERTY LEADERS INTERVIEW WITH TYRONE HODGENovember 21, 2018
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INTEREST RATES ON HOLD FOR SOME TIMENovember 15, 2018
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THE $65BN BUILD TO RENT QUESTION FOR AUSTRALIANovember 15, 2018
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AUSTRALIAN PROPERTY INSTITUTE (API) API ELECTS NEW DIRECTORSAugust 4, 2019
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THE Australian Property Institute has elected three directors to the board. The directors elected are Tyrone Hodge, Anne-Maree Moussa andDennis Volk....
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API TECHNICAL INFORMATION PAPERS__
MARKET VALUE OF RURAL AND AGRIBUSINESS PROPERTIESJuly 9, 2017
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RESEARCH, TRENDS & INSIGHTS DELINQUENCIES REMAIN LOW, TO RISE MODERATELYAugust 14, 2019
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PROPERTY BRIEFS
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