Sector

The Property Council of Australia today welcomed the strong, cyclical economic results in the Federal Budget but warned the government must match its targeted approach to migration with the same focus on housing investment and better planning across the country.

In the biggest off-market deal in the Monash Technology Precinct, Milwaukee Tools (aka TTI Global) has leased 4000 sqm at 611-625 Blackburn Road, Notting Hill.

Australians’ appetite for fine dining continues to rise despite current economic challenges as the luxury retail market performs exceptionally well across the nation’s CBDs. Many retailers are seeing growth above pre-pandemic levels, with the sector performing remarkably well being the luxury retail market, as spending expects to increase by +5.42% …

Rapid growth in Artificial Intelligence (AI), cloud gaming and the metaverse will fuel demand for more data centre capacity across Australia’s major cities according to new CBRE forecasts.

Coles Group has opened the largest automated distribution centre (ADC) of its kind in the southern hemisphere at Goodman’s Redbank Motorway Estate in Queensland.

Dexus has confirmed that the Dexus Community Infrastructure Fund (CommIF), Dexus Healthcare Property Fund (DHPF) and AMP Capital Core Infrastructure Fund (CIF) have acquired a combined 30.58% interest in Celsus Holding Pty Ltd (Celsus), the consortium that manages and maintains the Royal Adelaide Hospital (RAH) under a Public-Private Partnership (PPP) taking the total stake in Celsus held by Dexus funds to 72.79%.

Colliers and CBRE have secured the sale of three brand-new industrial assets, totalling over $12.5 million, in one of Melbourne’s fastest-evolving industrial precincts, Cranbourne West.

Refurbished B-grade stock is regaining momentum as 50 Queen Street in Melbourne's CBD sets the benchmark for secondary-grade spec suites, with many other landlords now following suit to capitalise on the current strong demand for spec suites to avoid vacancy and long downtime periods.

A brand-new mixed-use development in Sydney’s west is set to be an attractive destination for a host of retail offerings after coming up for sale or lease.

Colliers agents Anthony Ongarello and Charlie Woodley have, in conjunction with Industry Property Group’s Andrew Macqueen, secured the successful sale of a prime 2,440sqm industrial warehouse in the tightly held inner-west pocket of Braybrook for $3,950,000.

Cadence Property Group and GPT have recently completed a joint venture project, the Keylink Estate, in one of Victoria’s most sought-after core industrial locations, Keysborough.

Purpose-built by Charter Hall, the new Equipment Services and Point-of-Sale facility at Richlands will drive business efficiencies and deliver a range of sustainability benefits

MaxCap Group, Australia’s leading real estate financier has provided ID_Corp with a first mortgage land and construction peak debt facility in relation to their Glenlee Estate project.

Sydney’s luxury market is spearheading a broader market resurgence, as the city experiences its most significant increase in house prices in more than a year.

In the world of warehouse design, it is common practice to measure and plan using square metres rather than cubic metres. However, this method of measurement may not be the most effective.