Carolyn Cummins

Carolyn Cummins

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

Property

Stockland and Future Fund to offload $600m tower

Waterfront Place BRISBANE.

Carolyn Cummins Brisbane’s Waterfront Place office tower is to be offered for sale with a pricetag estimated at $600 million.

Property

Charter Hall Retail REIT dines out on supermarket success

The Gordon Centre bought by Charter Hall for $67m in December 2010 from Dexus

Carolyn Cummins Food-anchored shopping centres proved a success with a 62 per cent rise in net profit to $85.2 million for the year.

Construction and mining player Watpac rebounds to $18m profit

Carolyn Cummins Construction and mining services group Watpac has returned to the black after posting an after tax profit of $17.9 million for the year to June, thanks to new contracts and a business restructure.

Investa boosted by focused management

Investa property: 99 Walker Street, North Sydney.

Carolyn Cummins Investa Office Fund is set to reap the benefits of rising demand for smaller leases, and a strategic management focus, after posting a 16 per cent rise in net profit to $183.

Property

Stockland says double-digit house price growth not sustainable

Stockland's $300 
milion The Village in Balgowlah, NSW.

 

Carolyn Cummins

Commercial Property Editor

Sydney Morning Herald

9282 2247

fax. 9282 3005

 


The Village Balgowlah - Mixed Use.JPG

Carolyn Cummins The booming double-digit house price growth could screech to a halt, according to Stockland, one of the country’s biggest residential developers, which is now forecasting rates of growth closer...

Property

Ardent Leisure profit jumps 16 per cent as consumers embace the good life

Ardent Leisure operates the Dreamworld theme part in Queensland.

Carolyn Cummins A desire by consumers to be healthier and the growing trend to spend money on discretionary entertainment has triggered a 16 per cent jump in profit for gym and theme park owner Ardent Leisure.

Property

Stockland confirms acquisition plans

Stockland is eyeing residential developments near shopping centres.

Carolyn Cummins Stockland’s chief executive, Mark Steinert, says the year ahead will be characterised by ‘‘greenfield’’ developments and the acquisition of assets in the residential,...

Stockland on the hunt for assets

Stockland sees housing developments and business parks as the key engines of growth.

Carolyn Cummins Stockland is looking to buy more properties.

Deal and deeds

Carolyn Cummins Owners Corporation Ltd has sold a 1209-sq m office at 17-23 Myrtle Street to a private investor for $5 million.

Residential demand driving sales

Carolyn Cummins Meriton’s $190 million purchase from DEXUS indicates the interest for sites that can be converted.

Construction indicators rise on infrastructure announcements and housing

Carolyn Cummins The NSW project and the housing market has raised construction indicators to high, according to a new report.

Residential developer buys Hillsdale site for $5.51 million

Carolyn Cummins An Eastern Suburbs residential development site at 278 Bunnerong Road,✓ Hillsdale has been snapped up for $5.51 million by a local residential developer at a public online auction.

Shopping centres morphing into hotels, apartments

Leader: Swissotel Sydney was one of the first be built on top of a shopping mall.

Carolyn Cummins The announcement by GPT Group that it is planning to develop the air rights above its malls, starting at Melbourne Central, is another step in the evolution and revolution of shopping centres.

Rooftops, outdoor areas a boost for leasing property

Roof with a view: 309 George Street, Sydney.

Carolyn Cummins Companies are looking to rent buildings with a point of difference reports Carolyn Cummins.

Retail

Food retailers bite into retail space boosting rents

Food, glorious food: Artist's impression of Shelley Lane at Barangaroo South.

Carolyn Cummins We all love to eat out and for CBD property owners that demand is proving a goldmine reports Carolyn Cummins.

Stockland makes a cool $80m with Australand deal

Stockland accepted the Frasers Centrepoint offer at the 11th hour.

Carolyn Cummins Stockland Group has made a cool $80 million after it sold its 19.9 per cent stake in Australand to the Singapore-based Frasers Centrepoint.

Nation's biggest landlord DEXUS posts $406m profit

Carolyn Cummins DEXUS Property has delivered a 7.6 per cent rise in funds from operations, as its beds down its new office asses and recyles cash from asset sales inot developments for its funds under management.

GPT Group goes for growth

Under redevelopment: Sydney's MLC Centre

Carolyn Cummins Diversified developer and investor GPT Group will focus on growing its wholesale funds business and developing air rights on its retail assets to help achieve its forecast of ‘‘at...

Mirvac to expand stake in Green Square venture

Mirvac

Carolyn Cummins Mirvac has exercised its pre-emptive right to buy the remaining 50 per cent of Green Square Consortium, which is developing the Green Square mixed-use site in South Sydney with UrbanGrowth NSW.

Charter Hall offloads remaining German assets for $116 million

Reducing gearing: Charter Hall Retail REIT fund manager Scott Dundas.

Carolyn Cummins A series of sales worth more than $135 million have changed hands in the past week, with the vendors using the cash for new developments.