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MARKETS
FY23 RESULTS
Ingenia Profit up 24% but Guidance Down amid slowing sales
Ingenia Communities Group announced underlying profit of $34.8 million, up 24% on the prior year, as the business benefitted from…
HomeCo Continues Progression to Alternatives
HomeCo released their half year 2023 earnings revealing operating EPS of 31.0 cps pre-tax (+126%), including 10.4 cents of transactional…
SCentre Exceeds Guidance As Shoppers Returned To Malls
Scentre Group released its results for the 12 months to 31 December 2022 with Funds From Operations (FFO) of $1,040…
Qualitas Reports Strong FUM Growth Expected to Continue
Qualitas presented its financial results for the six months to 31 December 2022 revealing a record capital deployment of $1.76b…
National Storage REIT Earnings up 22%
National Storage REIT (ASX: NSR) today announces its financial results for the half year ended 31 December 2022 with an…
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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
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…
Lifestyle Communities Welcomes 5,000th homeowner as Sales remain on Guidance
Lifestyle Communities Limited advises new home settlements for FY23 are expected to be in the range of 355 to 365…
Dwelling approvals continue to fall in April
The total number of dwellings approved fell 8.1 per cent in April, in seasonally adjusted terms, following a 1.0 per…
$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…
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…
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office
Nuveen secures $190m Australian investment into US Cities Workplace strategy
Nuveen, one of the world’s largest asset managers, today announces that it has secured US$190 million investment into its US Cities Workplace strategy from four Australian institutional superannuation funds. The new investors, which include Cbus Super, Hostplus and TWUSUPER, represent…
Sullivan’s solar makeover drives new leases
Melbourne investor Brendan Sullivan has attracted three new tenants to his Mulgrave office building following the installation of solar panels which have dramatically reduced energy costs. Mr Sullivan said the $110,000, 100 kilowatt, system had ultimately been the key to…
Lendlease receives the greenlight for new Town Hall Place development
Lendlease today unveiled plans for its new mixed-use development that is set to revitalise Melbourne’s landmark intersection at Flinders and Swanston streets in the CBD, following endorsement of its development plans. Town Hall Place will be located at 25 Swanston…
Refurbished 50 Queen Street sets new benchmark for B-grade
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…
RETAIL
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…
Growth prospects fuel investor appetite for Australia’s large format retail sector
Investors are turning their sights to large format retail centres as strong population growth forecasts and a limited supply pipeline enhance the sector’s income and value prospects. LFR assets are traditionally the most tightly held sub-sector in retail, with a…
Readings set for new chapter in Glenferrie Road, Hawthorn
In another show of faith in Melbourne’s iconic shopping strips, literary retail giant Readings has leased the heritage ANZ bank building plus an adjoining shop in the prime of Glenferrie Road, Hawthorn in a long-term deal. Fitzroys Division Director -…
Mintus acquires Bathurst Chase for $17.5 million
Property investment and development firm Mintus has secured Bathurst Chase for $17.5 million from Quanta Investment Funds, reflecting a passing yield of 7.36%. CBRE’s James Douglas, Joe Tynan and Michael Hedger together with Stonebridge’s Alex James-Elliott, Justin Dowers and Philip…
INDUSTRIAL
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…
Consistent demand for data centre services continues to drive growth across Asia Pacific
Knight Frank, the largest independent global property advisor, has released the latest research from its Q1 2023 Data Centre Report, published in partnership with DC Byte, the leading data centre research and analytics platform. The report provides a comprehensive overview…
First land release of Gippsland’s largest industrial land estate hits the market
The first stage of what is set to become Gippsland’s largest industrial and commercial estate, ICON Morwell, has been brought to market by Colliers’ Gordon Code, Sam Hibbins, Luke Lowden and Fraser Pearce in conjunction with Rennie Property Sales’ Peter…
Centennial closes $700m Australian last mile logistics fund in partnership with Brookfield
National property fund manager Centennial continues to draw top tier global backers to its capital partnerships, with a Brookfield Asset Management private real estate fund the latest to partner with one of the country’s leaders in the mid-space, urban logistics…
DEVELOPMENT
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…
One Circular Quay reaches $1b sales as construction powers ahead
Lendlease and Mitsubishi Estate Asia’s luxury residential tower, One Circular Quay, has reached a new milestone, surpassing $1 billion worth of sales as construction powers ahead to deliver the highly sought-after residences on the doorstep of Sydney’s world-renowned harbour. Since…
Buyers Gallop to Racecourse Views
Trackside House at Moonee Valley Park, the anticipated first track-fronting residential offering at the $2 billion redevelopment of Moonee Valley Racecourse, has defied challenging market conditions to generate approximately $100 million worth of pre-sales. A wait list of Hamton VIP…
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…
