Carolyn Cummins

Carolyn Cummins

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

Property

Australand, Stockland have not held takeover talks

Australand sign on a crane

Carolyn Cummins Management at property developer Australand have met with new shareholder Stockland, but no formal offer has been made and no discussions on corporate activity have occurred.

Property

Withdrawals cloud state of office market

Melbourne skyline

Carolyn Cummins The Melbourne office market may not be as buoyant as the fall in vacancy numbers suggest.

Property

Retail property attracts renewed buyer interest

The Block Arcade in Melbourne.

Carolyn Cummins Buyers circle several retail properties as they look to boost their underweight positions.

Northern Suburbs Rugby Club property bought

North Sydney cbd

Carolyn Cummins Investors have snapped up two key assets in Sydney as the competition heats up to get properties before any increases in interest rates later in the year.

Commercial property

Tea Gardens pub up for grabs for $40 million

Carolyn Cummins The popular Tea Gardens pub at Bondi Junction, is on the market with a price tag of about $40 million.

Pubs

Bondi's Tea Garden for sale at $40m

property 100206 AFR photo Tamara Voninski  The Tea Gardens Hotel at 2-4 Bronte Road in Bondi Junction. SPECIALX 47032

Carolyn Cummins The popular Tea Gardens pub at Bondi Junction is on the market with a price tag of about $40 million.

Retail

Debate looms over Lowy's Westfield split

Frank Lowy

Carolyn Cummins Two independent experts say proposed $70 billion split is in best interests of shareholders.

Property

Challenger Life lodges $243m real estate investment trust offer

Handshake and generic

Carolyn Cummins Challenger Life has made a $243 million offer for the remainder of Challenger Diversified Property Trust.

Commercial Real Estate

Port Melbourne development site up for grabs

Carolyn Cummins Fringe districts to become inner-city hubs with new apartments, cafes and retailers.

Investing in people not bricks

Office worker.

Carolyn Cummins In coming years, working in an office will shift to another dimension than even the way we operate today.

Hotels eyed by Asian interests

Carolyn Cummins More than $450 million of key hotels are tipped to change hands in Sydney in coming months as the sector undergoes change with new develop-ments and expansion plans.

Net spurs tailored warehouses

Carolyn Cummins Rapid changes in the retail sector, such as online traders moving to physical stores, are affecting the industrial property world, say developers and landlords.

Goodman Group aims high

Carolyn Cummins Goodman Group is aiming for $3 billion of assets under management in the next three to four years with expectations its joint venture partner, Canada Pension Plan Investment Board, could move to...

Property

Bumped for the food court: DJs and Myer squeezed as mall reshuffles downgrade department stores

Hamburger burger takeaway food take away food junk food hamburgers burgers generic.
SMH THE (SYDNEY) MAGAZINE Picture by iSTOCK SMAG110331

Carolyn Cummins The importance of department stores to shopping centres is diminishing to the extent that malls being built or redeveloped now devote more space to food than Myer or David Jones.

Property

Ultra rich look to pour cash into commercial real estate

Melbourne CBD from southbank

Carolyn Cummins The rise in wealth and high-net-worth investors will become key factors in commercial real estate markets.

Property

Moore Park Entertainment Quarter for sale, valued at $63m

Entertainment Quarter

Carolyn Cummins The chance of owning a sound stage, cinemas and a parade ring is now a reality with the leasehold for the Entertainment Quarter at Moore Park on the market, valued at $63 million.

Property

Moody's confirms Westfield on review for possible downgrade

The Westfield Group logo

Carolyn Cummins Frank Lowy's Westfield Group remains under pressure with ratings agency Moody's Investors Service confirming it is reviewing a possible downgrade.

Carolyn Cummins

Samsung developing national HQ at Sydney Olympic Park

Carolyn Cummins Fast growth in the technology industry has led Samsung electronics to develop a national headquarters at Sydney Olympic Park.

Commercial Property

Investors compete for $650 million of prized commercial properties

Westpac building.

Carolyn Cummins More than $650 million of properties are due to change hands in the coming month.

Property

Sales ramp up CBD office market

Carolyn Cummins The Sydney and Melbourne central business district office markets are set for a shake-up in coming months.