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MARKETS
FY23 RESULTS
Stockland 1H23 result reflects softer conditions
Stockland has released its results today for the half year to 31 December 2022 delivering Funds From Operations (FFO) of…
GPT Deliver Earnings Growth by Still Under Pressure
The GPT Group announced its results for the 12 months to 31 December 2022 with a -$1.0bn drop in net…
Charter Hall Earnings Drop as Equity Retreats
Charter Hall Group announced its 1H FY23 results for the period ending 31 December 2022 revealing a -9.1% drop in…
HomeCo Benefiting from Daily Needs of Consumers
HomeCo Daily Needs REIT released its results for the half-year ended 31 December 2022 today underscoring their conviction on the…
Goodman Enjoys Favourable Conditions
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LATEST NEWS – 24 HOURS
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…
Iconic Cairns Aquarium tourism site up for Sale
In a rare opportunity to purchase into a business that includes sharks, turtles, snakes and crocodiles, Colliers have launched an…
$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…
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…
OTHER news – BY SECTOR
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…
MaxCap acquires portfolio of 125 recently completed apartments with strong growth potential
MaxCap Group, one of Australia’s leading real estate investment managers, has unveiled its latest response to the growing housing challenge…
office
Raise the Bar! Melbourne’s Legal Precinct Faced Limited Supply
The legal precinct of Melbourne is experiencing a significant demand for strata office space, with research showing that the strata office buyer demographic is 80% driven by local owner occupiers and small to medium SME’s with 3- 70 staff members.…
Quay Quarter Tower receives Royal recognition for its 6 Star rating
Dexus today welcomed Her Royal Highness Crown Princess Mary and Danish Minister for Development Cooperation and Global Climate Policy Dan Jorgensen to Quay Quarter Tower (QQT), Sydney as the project is awarded the 6 Star Green Star As Built rating…
New report calls for government to back buildings in race to reach climate goals
A new joint report by the Property Council of Australia and the Green Building Council of Australia sets out a suite of property-focused policy recommendations that would help Australia achieve its decarbonisation goals. To belaunched in Sydney today at an…
Sign of the times: how wayfinding signage is evolving
Sydney-based practice, Form—A Studio, are reinventing the way the built environment does traditional wayfinding signage. Gone are the days of typical wayfinding signage, where you enter an office building and are greeted by a standard white sign affixed to a…
RETAIL
Shopping all stations: a new retail experience is coming to Melbourne’s Metro Tunnel
The Metro Tunnel’s new underground stations are set to redefine how Australians think about train station retail. A total of 3,900 sqm of retail area is being brought to market, with expressions of interest (EOI) now open for key tenants…
Deepwater Plaza sold for $111 million, completing $284.1 million in disposals by Dexus
Deepwater Plaza, Woy Woy has been sold to a private investor for $111.0 million as interest in convenience focused sub-regional centres continues to increase. Simon Rooney, CBRE’s Head of Retail Capital Markets – Pacific, negotiated the off-market sale of the…
Strong appetite to go shopping with two new Woolworth anchored centres
Supermarket giant Woolworths Group has sold two of its newest neighbourhood shopping centres in South-East Queensland, to Brisbane private investors, for a combined price of $66 million amid continued demand for convenience-based retail investments. Dakabin Shopping Centre, 27km north of…
Australians’ appetite for luxury retail and fine dining continues to soar despite interest fears
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…
INDUSTRIAL
Prime Dandenong South, brownfield opportunity trades to a local private buyer for $27M
Colliers agents James Stott and Charlie Woodley have secured the sale of a multi-tenancy industrial estate in Melbourne’s Dandenong South, selling for $27 million, on behalf of Arrow Capital Partners. The industrial estate is located on 34-36 Commercial Drive in…
Vaughan to build state-of-the-art $130m facility for Synnex
Vaughan Constructions is partnering with leading IT solutions aggregator Synnex Australia and Van der Meer Consulting, on a purpose-built HQ and distribution centre for Synnex at Oakleigh South with an end value of circa $130 million. According to Vaughan Constructions’…
After $40m in sales, LogistX Business Park forging into 3rd land release
Queensland’s newest industrial project, the LogistX Business Park, is now 70% sold and is forging ahead into a 3rd release of land as demand for the initial 8 blocks saw over $40 million worth of sales with developers and owner…
Milwaukee Tools signs largest 2023 deal in booming Monash Precinct
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. JLL Victoria Senior Director – Head of Metro Office Leasing Josh Tebb negotiated the 4,000…
DEVELOPMENT
Jewel Private Residences move quickly to second release as buyers discover fully completed beachfront apartments
After selling out all 40 apartments in the Stage One release to achieve $82 million in sales within a few months of launching, Jewel Private Residences has now released another 30 premium apartments to the market in the Sapphire Collection.…
Super site in Avalon Employment PSP up for sale
A landmark super site earmarked for future commercial and industrial use within Geelong’s major new employment precinct in the Avalon growth corridor is up for sale. The 148.5 hectare property at 1860 Princes Freeway in Point Wilson, which is situated…
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…
Former Kodak and CUB building set for self-storage play
The former Kodak building and Carlton & United Breweries headquarters in Abbotsford is set for a new chapter as a self-storage facility after being sold for $19 million. Fitzroys’ Paul Burns and Chris James sold the 2-6 Southampton Crescent, 36…
