Carolyn Cummins

Carolyn Cummins

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

Asian investor buys Wingham Plaza mall for $10.8 million

Carolyn Cummins Wingham Plaza Shopping Centre on the NSW mid north coast near Taree has been sold for $10.8 million.

It's starting to look a lot like Christmas

Carolyn Cummins We all joke about seeing Easter eggs for sale in February and mince pies in October, but for a retailer, the changing seasons take on a whole new meaning.

Potts Point hotel primed for an upgrade

Carolyn Cummins City fringe areas are hot beds for residential conversions, with the hotel at 2 Roslyn Street, Potts Point, the latest asset to be offered to the market for potential redevelopment, with a completion...

South Sydney property is flying high

Carolyn Cummins The area is booming with strong unit sale prices and a demand for office space and residential homes.

Deals and deeds

Carolyn Cummins Deals and deeds

Without Reserve

Carolyn Cummins Bupa Australia signs a new 10-year lease and Peppers Hotels officially opens its first CBD-based hotel.

Vacancy rates

Office markets boosted by new start-ups

Syndey home:  LinkedIn rents at No 1 Martin Place.

Carolyn Cummins A wave of new businesses in the technology sector has seen a decrease in Sydney and Melbourne office vacancy rates for the first time in at least a year, according to new research.

New hotels to hit the Sydney market

NEW BEGINNINGS: Lend Lease unveils 
design for Sydney's International Convention Centre Hotel.

Carolyn Cummins Although there have been limited new developments in recent years, Sydney is set to be inundated with an influx of new rooms.

Conga line of buyers for historic Hotel Bondi

Hotel Bondi, described as the 'jewel' of Campbell Parade.

Carolyn Cummins Developers and pub barons are expected to form a conga-line of interested buyers for the historic Hotel Bondi.

Mirvac's plans to develop 477 Collins Street move a step closer

Mirvac this week lodged the development application for 477 Collins Street with architectural firm Grimshaw.

Carolyn Cummins Mirvac Group has cleared another round of regulations and lodged the development application for its 477 Collins Street, Melbourne project, estimated to be worth between $500 million to $600 million...

Healthcare Property Trust buys Brisbane Waters Private Hospital for $16m

Carolyn Cummins Melbourne-based Australian Unity Healthcare Property Trust has acquired the Brisbane Waters Private Hospital on the NSW Central Cost for $16.175 million.

Australian Unity buys Brisbane Waters Private Hospital

Carolyn Cummins Australian Unity Healthcare Property Trust has bought Brisbane Waters Private Hospital on the central coast for $16.175 million.

Investors give Australand result thumbs up

 Australand managing director Bob Johnston

Carolyn Cummins Investors have reacted to Australand’s large profit rise for the half year, by pushing the price above the Frasers Centrepoint offer price.

Super fund Cbus gets with the Vibe in North Sydney property market

NAB building

Carolyn Cummins The super fund Cbus is said to be edging ahead as the preferred bidder for 88 Alfred Street, Milsons Point, now occupied by the Vibe hotel and valued at more than $80 million.

Retail assets valued at close to $1b set to hit market

Deepwater Plaza, Woy Woy, bought by DEXUS after it was offered for sale for the first time in more than 20 years.

Carolyn Cummins DEXUS Property has expanded its retail footprint with the $160 million purchase of two large, NSW regional malls, at a time when investors are preparing a blitz of investment into the sector.

Australand profit boosted by housing sales

Carolyn Cummins Takeover target Australand has reported a rise in interim profit, thanks to the NSW and Victorian housing market sales.

Without Reserve

Prime location: 333 George Street Terrace in the Sydney CBD.

Carolyn Cummins RCP launches their new Sydney office and the Freehold Absolute Return Fund delivers ahead of the Australian REIT market.

Macquarie Centre will be a "mall of the future"

Futuristic: the first stage of the Macquarie Centre will feature new-look department stores as well as more seating and a wider range of food.

Carolyn Cummins Shopping centres will offer a range of services including business space, meeting areas and storage facilities for online shoppers.

Commercial Property

Infrastructure boosts demand for industrial property

Growing demand: The site of the new Sydney Ports? Intermodal Logistics Centre (ILC) at Enfield.

Carolyn Cummins The growth in infrastructure will provide long term income for the industrial property trusts.

Banks move to reconfigure branch offices

Location: Banks are looking for a more flexible attitude from their landlords.

Carolyn Cummins There is a move to smaller offices and a need for customers to have 24-hour access to a cash machines.