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MARKETS
FY23 RESULTS
Goodman Operational Update for Q3/FY23
Goodman Group provided the market with an update on its activities over the last quarter and increased its earnings growth…
March 2023 Quarter Operational Update
The GPT Group released its operational update for the quarter ended 31 March 2023 revealing earnings remain on track despite…
AOF Continues to Return Capital to Investors
Australian Unity Office fund announced the funds half year 2023 financial results which continues to reflect the out workings of…
Cromwell Suffers from European fall outs
Cromwell Property Group announced its results for the half-year period 31 December 2022 (HY23) reporting an operating profit of $87.1…
Elanor Investors Well Positioned for Further Growth
Elanor Investors announced its interim financial results for the half year ended 31 December 2022 revealing a 6% growth in…
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Transactions Summary
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LATEST NEWS – 24 HOURS
High profile Sunshine Coast retail investment sold and settled
High profile developer Pellicano Group has sold the final strata lot in its 10 Capital Place, Birtinya project for $4,475,000.…
Prized Crows Nest building steeped in history up for sale
A prominent landmark on Sydney’s Lower North Shore is set to attract a wave of high-net-worth private interest after coming…
Vicinity Centres sells 50% stake in Broadmeadows Central to Nikos Property
Melbourne-based Nikos Property Group has forged its second partnership with Vicinity Centres (VCX) after exchanging unconditional contracts to acquire a…
Dominant Large Format Retail asset in booming Tamworth is offered for sale
Tamworth Homespace, a large format retail (LFR) centre, has come to the market in regional New South Wales. JLL’s Nick…
Gurner – Qualitas Multifamily GQ Platform Expands Pipeline to 3,650 Apartments
The GQ Multifamily Build-to-Rent platform (GQ Multifamily) – owned by luxury lifestyle developer, GURNER™ and ASX-listed Australian alternative real estate…
Local buyers purchase historic 121-year-old P&O Hotel in Fremantle’s West End
The 121-year-old P&O Hotel in Fremantle has sold to local hospitality owners and operators Adrian Fini and Nic Trimboli as…
Auction For Former Burwood Police Station Exceeds Expectations
An owner occupier has snapped up a prime Crown Land parcel being the former Burwood Police Station. In a fiercely…
Reducing upfront carbon at scale
Australia’s upfront carbon emissions will balloon from 16% to 85% of overall building emissions by 2050 if we fail to…
BR International inks deal to support national expansion strategy
Global end-to-end supply chain solutions company BR International (BRi) has secured a 22,660sqm distribution centre in Erskine Park to support…
OTHER news – BY SECTOR
Retail sales flat in April
Australian retail turnover was unchanged (0.0 per cent) in April 2023, according to figures released today by the Australian Bureau…
Aqualand’s Integrated Construction Strategy A Boon for Market Confidence
Instability in the broader construction sector is adding further pressure to a constrained residential pipeline as Australia faces a mounting…
Willawong Warehouse Sold at 31% Premium
A 3,415sqm industrial facility within a key southeast Brisbane industrial precinct recently sold at a 31% premium to its prior…
Brookfield Properties awards $1.2m in works to First Nations businesses
Brookfield Properties and its partners have awarded more than $1.2 million of work to First Nations enterprises since the launch…
Brisbane CBD office vacancy predicted to fall until mid 2024
Vacancy in Brisbane’s CBD office market is expected to keep falling until the middle of 2024 due to robust tenant…
Mirvac Partner with Daibiru to Develop 7 Spencer Street Project in Melbourne
Mirvac has established a strategic relationship with Japanese Real Estate company, Daibiru, which is investing in a 50 per cent…
MOST VIEWED THIS WEEK
office
$11.21 Million Collins Street Sale Signals Strength in Melbourne CBD Market
The demand from owner occupiers and investors for Melbourne CBD office and retail space is intensifying, as four properties at Ground, Level 1, Level 2 and Level 9 at 420 Collins Street, Melbourne have sold following a public sale campaign…
Brisbane CBD office vacancy predicted to fall until mid 2024
Vacancy in Brisbane’s CBD office market is expected to keep falling until the middle of 2024 due to robust tenant demand and a lack of new supply, according to the latest research from Knight Frank. The firm’s Brisbane CBD Office…
New study shows employees in Australia are unaware of potential career risks of working from home
Almost nine in ten Australian business leaders believe the career prospects of employees are limited if they work exclusively from home, but only 56% of employees acknowledge this. That’s according to a new study by global workplace creation experts, Unispace.…
Green light for Time & Place & MaxCap’s premium office space development in Cremorne
Diversified property developer Time & Place and joint venture partner MaxCap Group, one of Australia’s leading real estate investors, has received an approved permit for the proposed plans at its 2,678sqm site at 75 – 119 Cubitt Street, Cremorne. The proposal will…
RETAIL
High profile Sunshine Coast retail investment sold and settled
High profile developer Pellicano Group has sold the final strata lot in its 10 Capital Place, Birtinya project for $4,475,000. The Building 1 allotment has a gross floor area of 1,137sqm, which is split into three separate tenancies and leased…
Vicinity Centres sells 50% stake in Broadmeadows Central to Nikos Property
Melbourne-based Nikos Property Group has forged its second partnership with Vicinity Centres (VCX) after exchanging unconditional contracts to acquire a 50% interest in the Broadmeadows Central shopping centre in Victoria for $134.5 million. CBRE’s Head of Retail Capital Markets –…
Retail investment outlook remains strong through 2023
The retail sector in 2023 is largely underpinned by attractive asset pricing, new sources of capital entering the sector and strong market fundamentals flowing on from 2022, according to JLL’s mid-year Retail Investment Outlook Report. JLL expects sales velocity to…
Latitude to provide incredible retail space in heart of Western Sydney
A recently completed mixed-use development in Liverpool is set to provide occupiers with a highly visible and modern premises after coming up for lease. Latitude at 387-397 Macquarie Street offers a total of 767sqm across six spaces, ranging in size…
INDUSTRIAL
BR International inks deal to support national expansion strategy
Global end-to-end supply chain solutions company BR International (BRi) has secured a 22,660sqm distribution centre in Erskine Park to support its national expansion. BRi has finalised a 10-year commitment for the state-of-the art distribution centre at 72 Grady Crescent, Erskine…
Willawong Warehouse Sold at 31% Premium
A 3,415sqm industrial facility within a key southeast Brisbane industrial precinct recently sold at a 31% premium to its prior book value after the vendor secured a new five-year lease. The modern asset, located at 373 Sherbrooke Road, Willawong, was…
Charter Hall commences construction on its first inner-city multi-level warehouse
Charter Hall has commenced construction on its first multi-level warehouse, known as Ascent Logistics Centre (“Ascent on Bourke”) in Alexandria, Sydney. The development will unlock nearly 27,000 square metres (sqm) of logistics space across two levels, including 5,000sqm of A-grade…
Occupiers snap up brand-new industrial warehouses prior to completion
Colliers has secured the sale and lease of two brand-new architecturally designed industrial assets, totalling 3,736 sqm* of building area, in one of Melbourne’s fastest-evolving industrial precincts, Clyde North. Colliers Fraser Pearce and Luke Lowden sold 28 Palladium Circuit for…
DEVELOPMENT
Auction For Former Burwood Police Station Exceeds Expectations
An owner occupier has snapped up a prime Crown Land parcel being the former Burwood Police Station. In a fiercely contested auction, 63 bids were placed leading to an exceptional sale price of $3,125,000, which was $790,000 above the reserve.…
Aqualand’s Integrated Construction Strategy A Boon for Market Confidence
Instability in the broader construction sector is adding further pressure to a constrained residential pipeline as Australia faces a mounting rental and housing crisis. Leading Australian integrated property development group, Aqualand’s internal construction arm, Aqualand Construction, has proven to be…
Mirvac Partner with Daibiru to Develop 7 Spencer Street Project in Melbourne
Mirvac has established a strategic relationship with Japanese Real Estate company, Daibiru, which is investing in a 50 per cent share of Mirvac’s next generation workplace development, 7 Spencer Street. Mirvac’s in-house design and construction teams have commenced works on…
Royale Gold Coast tops $41 million in sales in first quarter as locals buy in
Summer on the Gold Coast was humming with apartment buyers and Royale Gold Coast captured the hearts of many to achieve over $41million in apartment sales over just three months. Eight prestigious absolute beachfront apartments at Royale Gold Coast sold…
