Carolyn Cummins

Carolyn Cummins

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

CBD car parks in hotter demand than harbour views

Carolyn Cummins There's a burgeoning market in the inner city and it's in more demand than a harbour view. Car Parks are the thing.

Leasing ladder

Carolyn Cummins Recent commercial lease transactions.

Political drama being filmed here

Carolyn Cummins GDI Property Group has leased a 1800-square-metre office suite for the filming of the upcoming political drama, Truth; a film based on the 2005 memoir Truth and Duty: The Press, the President, and...

Turner family expands Spicers Group portfolio with Sangoma Retreat buy

Sangoma Retreat: Blue Mountains resort sold to Spicers Group.

Carolyn Cummins The Sangoma Retreat has been sold to the Turner family; Graham Turner is the boss of Flight Centre.

Stockland eyes retail and residential earnings for growth

The plan: Artist's impression of new Wetherill Park developments.

Carolyn Cummins Stockland has increased its residential footprint in Melbourne's northern suburbs while launching a multi-million dollar master-planned community west of Melbourne.

Ardent Leisure boosted by Main Event

Carolyn Cummins A strong uplift in performance from its US-based Main Event centres has helped Ardent Leisure see an increase in revenue for September.

Falling sales put discount department stores under pressure

Mark down: Shoppers at a Target store in Perth. Property analysts have called the discount department sector in Australia

Carolyn Cummins The sector is buckling under pressure from the fickle consumer.

Mirvac looks to residential for growth

Sold: A stake in 101 Miller Street, North Sydney.

Carolyn Cummins Mirvac Group will focus on more residential and mixed use projects to take advantage of the buoyant housing market and to help directors achieve the forecast 1 to 3 per cent earnings growth for the...

Office leasing market helps GPT upgrade outlook

Carolyn Cummins Improved office leasing and better retail sales led GPT to forecast earnings per share (EPS) growth of at least 4 per cent, a slight upward revision from the 3 per cent target set by the company...

Property

DEXUS faces investor backlash over executive pay

Here is the news: (From left) DEXUS chairman Chris Beare and CEO Darren Steinberg.

Carolyn Cummins DEXUS Property's larger investors showed their concern on the group's executive remuneration, when they voted with a 12.

GPT capital raisings confirm strength in REIT sector

Carolyn Cummins In a sign of the strength in the REIT sector, GPT has raised $872 million in new equity for its office and retail wholesale property funds.

Stockland forecasts earnings growth up to 7.5%

Stockland chairman Graham Bradley (left) and chief executive Mark Steinert.

Carolyn Cummins Stockland Group has benefited from the booming residential market after recording its strongest first quarter results for net deposit inflows, for the past four years.

Goodman Group looks to $1.5b in asset sales to fund overseas expansion

Carolyn Cummins Goodman Group has earmarked more than $1.5 billion in asset sales as part of its urban renewal program, with the funds being used to expand overseas.

Major developers get nod for Central Barangaroo

Carolyn Cummins The final stage of the $6 billion Barangaroo project has moved a step closer to fruition with the Barangaroo Delivery Authority shortlisting four developers for the redevelopment of Central...

Development

City Tattersalls Club project up in the air after Mirvac pulls out

An artist's impression of the proposed City Tattersalls club development from which Mirvac has walked away.

Carolyn Cummins Plans to redevelop the City Tattersalls Club in Pitt Street into a $200 million hotel and apartment tower have hit a speedbump with the developer Mirvac and members of the Club agreeing to...

Green light for listing of Centuria trust

Carolyn Cummins Investors have given the green light to the $183 million Centuria Metropolitan REIT.

Aquaint Capital cashed up and ready

Carolyn Cummins According to CBRE’s research, the shortfall between the potential liquidity of funds ending their lifespan and the market’s ability to absorb these assets will be around US$10 billion in...

Without reserve: Folkestone Maxim A-REIT Securities Fund rating upgraded

Carolyn Cummins The Folkestone Maxim A-REIT Securities Fund has been awarded a "Superior" 4 out of 5 star rating from SQM Research.

REIT managers are smiling, happy people

Carolyn Cummins Real estate investment trusts are reporting better leasing and sales conditions, writes Carolyn Cummins.

Convenience stores repackage for battle as supermarket giants check out smaller sites

A customer passes a branch of the Tesco Express convenience store in central London.

Carolyn Cummins Corner shops plan to take up the challenge as retail giants move back into local neighbourhoods.