Carolyn Cummins

Carolyn Cummins

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

AustSuper pays $1.1 billion for stake in Hawaii mall

Carolyn Cummins In one of the biggest single transaction deals of the past year, AustralianSuper, the country’s largest super fund, has expanded its global presence and bought a 25 per cent interest in the...

Hotel room rates on the rise

Carolyn Cummins The softening Australian dollar is proving a boon for the domestic hotel sector, with room rates tipped to rise in the coming year, according to experts.

Haymarket office in hot demand

180 Thomas Street, Haymarket.

Carolyn Cummins Vacancy rates in the office market in metropolitan Sydney are expected to fall this year.

Sugarmills bar in sale and leaseback

Carolyn Cummins A new tranche of sales and leaseback deals is set to hit the hospitality market as investors look to release dormant cash off the balance sheet, but with long term tenants in tact for the new owners.

Resi REITS may not be far away

Barangaroo Sydney Courtesy of Lend Lease and Crown

Carolyn Cummins The reporting season for the first half of the 2015 financial year is done and dusted for the Australian real estate investment trusts, and by all accounts it was not too painful.

Dating website eHarmony moves into boutique warehouse

387 George Street, Sydney has been leased to online dating site, eHarmony.

Carolyn Cummins Global online dating website eHarmony has entered the mainstream leasing market after securing a whole floor office in a boutique warehouse building at level 10, 387 George Street.

Charter Hall expands its portfolio

333 George Street is owned by Charter Hall and is being redeveloped by Watpac.

Carolyn Cummins Charter Hall's portfolio of industrial and retail assets has become more diversified and it has expanded into the hospitality sector through a partnership.

Sydney's university building boom in full swing

An artist's impression of the University of Western Sydney's new building in Parramatta.

Carolyn Cummins Sydney is undergoing a university building boom, with major developments on two of the city's oldest and newest campuses moving ahead during the week.

South Sydney revival fuelled by burgeoning residential landscape

South Sydney industrial properties are in hot demand.

Carolyn Cummins South Sydney is emerging as one of the most in-demand industrial precincts, with new tenants and business ventures vying to gain a presence in the sought after market. 

Westfield's Peter Lowy to stay with group

Peter Lowy said he

Carolyn Cummins Westfield's Peter Lowy has surprised the market by saying he will now stay with the group.

Martin Place makeover with 32-storey, $750m office tower

An artist's impression of the planned new development at 60 Martin Place.

Carolyn Cummins The Sydney skyline is to get a curvy new $750 million glass-fronted skyscraper,complete with public dining and event spaces, on the site of the 1960s-vintage Westpac building at the eastern end of...

Centuria Capital looks at Singapore for property fund expansion

Centuria chief executive John McBain said the new fund, based in Singapore, will aim to raise about $200 million.

Simon Johanson and Carolyn Cummins Centuria Capital, one of Australia's biggest unlisted fund managers, is considering establishing an offshore fund as it expands its property and investment bond management business following the...

Scentre group forecasts improved retail conditions

It has forecast a growth of 3.5 per cent in FFO per security for the year.

Carolyn Cummins Scentre Group, the Australian and New Zealand spin off from Westfield, is undertaking a review of new offerings with its tenants such as lockers at its 47 malls for its click and collect customers,...

GPT Group forecasts 5 per cent rise in earnings in 2015

MLC Centre gets a facelift.

Carolyn Cummins GPT Group will focus on office leasing and redevelopment of its shopping centres, with the wild card being any potential corporate activity in the coming months.

Lend Lease beats expectations with $315.6 million profit

Lend Lease declared an interim distribution of 27.0ยข per stapled security, unfranked, which represents a payout ratio of 50 per cent of profit after tax for the half-year.

Carolyn Cummins Global developer and funds manager Lend Lease has delivered profit after tax of $315.6 million for the half-year ended December 31, 2014.

The 'burbs show solid growth

54 foveaux street, surry hills.

Carolyn Cummins Investment in the surburban office sector has come under the spotlight, with developers fighting with residential investors over buildings that are in limited supply.

Investa upgrades profit on better office market

Stockland has sold a half- stake in its landmark Piccadilly Centre in the Sydney CBD for just under $200 million to Investa Office Fund

Carolyn Cummins Investa Office Fund has issued an upgrade in earnings for the full year based on forecast improvements in the office markets, in both leasing demand and higher rents.

CBD office space shrinks as resi rises

Sydney skyline at night.

Carolyn Cummins Ownership of office markets has become increasingly concentrated while, in comparison, the number of tenants continues to increase as the types of tenants change and their average size...

Adaptive re-use sees $150m residential surge in Hurstville

43 Bridge Street, hurstville. image supplied.

Carolyn Cummins The lack of available residential sites and current soaring construction prices and land values across Sydney have forced developers to think outside the box in their search for residential projects.

Novion fund in $120m purchase

Carolyn Cummins The retail sector has kicked off the 2015 year on a busy note, with Novion Property's wholesale Novion Enhanced Retail Fund (NERF) paying $120 million for a metropolitan Sydney sub-regional...