Carolyn Cummins

Carolyn Cummins

Carolyn Cummins is Commercial Property Editor for The Sydney Morning Herald.

Investors to pump $4b into real estate sales

Carolyn Cummins A record $4 billion-plus of cash is to be flushed through the office and industrial property markets in the coming weeks as the bidders get to the finish line for the major portfolios of Investa and...

GPT sells Sydney Olympic Park development sites for $30m

Carolyn Cummins GPT Group has raised $30.5 million through the sale of two land sites with residential development potential at 1 and 2 Murray Rose Avenue, Sydney Olympic Park.

Woolworths breaks ground on new store at Glenrose

An artist's impression of the new Woolworths at the Glenrose Village Shopping Centre, 54-56 Glen Street, Belrose.

Carolyn Cummins Woolworths has started the next phase of its development at its $60 million Glenrose Village project with the official ground breaking on Wednesday, July 8, of the planned new supermarket.

AMP moves to second stage of $1b revamp at Circular Quay

AMP Capital has submitted the development application for the commercial office tower within its landmark Quay Quarter Sydney precinct in Circular Quay.

Carolyn Cummins More cranes are set to enter Sydney's skyline, as the $1 billion revamp at Circular Quay moves to its next stage.

Leasing ladder:

Carolyn Cummins Who's leased what, where and for how long.

Office market showing solid demand

Carolyn Cummins The merged Commonwealth Government's amalgamated tribunal  has signed a lease at 83 Clarence Street, managed by DEXUS Property  – a further indication that the...

Omni-channel shopping for food

A fresh food vending machine, has made its debut at Melbourne's Westfield Doncaster mall. FuD is a dispensary food retailer, made of recyclable materials and provides healthy salads and snacks.

Carolyn Cummins Food, like fashion, has become very fast in this time poor world.

Goodman looks to new projects

The Coles Chilled Distribution Centre, Eastern Creek, is being sold to Mapletree Investments.

Carolyn Cummins Goodman Group is selling its share in the Coles distribution centre for $253 million.

Cosmetics war: Lipsticks at ten paces

Makeup at  Mecca Cosmetica.

Carolyn Cummins Makeup brands are in major expansion mode.

Collection of Style calls Martin Place home

The former CBA, money box bank at 120 Pitt Street, now known as 5 Martin Place.

Carolyn Cummins The sophisticated sister of fast-fashion Swedish retailer H&M, COS, (Collection of Style), has arrived in Sydney, snapping up a lease in the former Commonwealth Bank "money box" chamber, as part of...

Telstra cans $950m Melbourne office tower

Carolyn Cummins Telstra has decided to ice its plans to develop a $950 million-plus office tower at 288 Exhibition Street, Melbourne.

360 Capital extends bid for Fife Capital's Australian Industrial REIT

Carolyn Cummins The long-running battle for control of Fife Capital's $225 million Australian Industrial REIT has taken another turn, with predator 360 Capital extending its offer into the new financial year.

Forum Partners eye Aussie property

Darling Park, Sydney, where the CBA is said to be looking to expand.

Carolyn Cummins Global private equity firm Forum Partners has earmarked Australia as one of its growth centres, and plans to double its exposure across mixed-use and residential assets to about $500 million in the...

Eureka Fund settles $170.1m deal in Parramatta

The Parramatta Justice Precinct has been completed with Eureka Funds Management paying $170.1 million for the freestanding A grade commercial property at 160 Marsden Street.

Carolyn Cummins Eureka Funds Management has settled its $170.1 million acquisition of part of the NSW Government's Parramatta Justice Precinct, which incorporates the two adjacent, freestanding properties at 160...

Forum Partners ramps up investments

Melbourne, where Forum Partners will seek to invest.

Carolyn Cummins Global private equity firm Forum Partners has earmarked Australia as one its growth centres, and plans to double its exposure across mixed-use and residential assets to about $500 million in the next...

Propertlylink snaps up $303 millon in assets

Carolyn Cummins More than $300 million worth of office and industrial property assets have changed hands in a deal between Propertylink and the US real estate investment trust Equity Commonwealth, led by billionaire...

Developer Lend Lease takes its Barangaroo South project to the next stage

Carolyn Cummins The $6 billion Barangaroo South project, on Sydney's Darling Harbour, is nearing its next completion stage, with the Barangaroo Point Reserve due to open by the end of August.

Mirvac restructures for cost savings

Aerial image of Harold Park in Sydney being developed by Mirvac.

Carolyn Cummins Mirvac has revamped its business to unlock up to $15 million in annual cost savings, but it will come at the expense of about 75 jobs.

ICC lands Sibos event

An artist's impression of the ICC and exhibition centre, courtesy of 
Hassell + Populous, project architects.

Carolyn Cummins Every centimetre of Darling Harbour venue to be tested and commissioned in three months before it opens in December 2016.

NSW budget gets seal of approval from property industry

Carolyn Cummins Release of land and more spending on infrastructure projects create platform for growth.