Carolyn Cummins

Carolyn Cummins

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

Property

Frasers set to seize control of Australand

Carolyn Cummins The property developer and investor Australand is set to end its days as a listed entity, after the Singaporean-based Frasers Centrepoint gained the vital 50 per cent threshold level to make its $2.

Leasing Ladder

Carolyn Cummins Leasing ladder

Stronger demand drives down office vacancy rates across the country

The Melbourne skyline and Arts Centre. Large corporates are moving back into the CBD.

Carolyn Cummins Office vacancy rates are falling across the Sydney and Melbourne CBDs.

ALE eyes Woolworths' pubs 'at the right price'

Beer.

Carolyn Cummins ALE Property Group, the biggest listed pub owner in the country, has thrown its hat into the ring for the $500 million pubs being sold by Woolworths, but only "at the right price", according to ALE...

Sydney Water taps South Sydney residential boom through sale of large workshops site

The Sydney Water site (foreground) bordered by Bourke, McEvoy and Young streets in Waterloo.

Carolyn Cummins Sydney Water lists major site in Sydney's Waterloo worth $80m

Swans players and Lend Lease working for indigenous Australians

Sydney Swans players Adam Goodes and Michael O'Loughlin

Carolyn Cummins Sydney Swans players Adam Goodes and Michael O'Loughlin team with Lend Lease to engage with the indigenous community.

Office portfolio

Scentre mulls asset sales of $800m

Retail centre: Scentre aims to reduce debt, most likely f rom divestments of interests in shopping centres, including Westfield Sydney.

Carolyn Cummins Scentre Group, the Australian spin-off from Westfield, is reviewing its office portfolio at its Sydney city mall for a sale worth about $800 million.

Woolworths sells Medowie property for $18.9m

Carolyn Cummins A Melbourne investor has acquired a new Woolworths supermarket at Medowie, just north of Newcastle, for $18.9 million.

7-Eleven sites reap $33 million from private investors

Large: The 7-Eleven on Lane Cove Road, Macquarie Park.

Carolyn Cummins Private investors have poured more than $33 million into another round of 7-Eleven convenience stores and service stations across NSW, including the largest at Macquarie Park.

Developers are dining out on Barangaroo's eating options

Prized location: An artist's impression of The Cloud at Barangaroo South.

Carolyn Cummins Sydney's newest eat street at Barangaroo is taking shape with more than 75 new local and international outlets looking to make 13,000 cups of coffee for the estimated 28,000 daily visitors.

Foreign buyers leap into commercial sector

Hot property: Overseas buyers are active in the office and retail sector rigtht across the country.

Carolyn Cummins External buyers were involved in 39 per cent of commercial property deals in the year to June.

$14b infrastructure spend-up a boost for NSW

For the love of travel: Roads are just one part of the $14 billion in infrastructure  projects under consideration.

Carolyn Cummins Land adjacent to infrastructure developments will be in demand reports Carolyn Cummins.

Without reserve

Top-shelf: Artist's impression  of One Central Park.

Carolyn Cummins Broadway precinct development of the year at Urban Taskforce awards.

Retailers target big airport market

Gold mine: Duty free at Sydney Airport.

Carolyn Cummins Airport retail is worth $42 billion a year, and companies are clamouring to cash in.

Blackstone buys $580 million London office tower from Brookfield

Skyscrapers and office buildings are seen in the City of London from 'The View From The Shard',

Carolyn Cummins and Bloomberg Blackstone Group LP has purchased an office tower in the City of London's financial district from Brookfield Property Partners LP for £320 million ($580 million).

Schools set to roll into CBD

Two plus two: The  Australian Institute of Professional Education has taken space at 160 Sussex Street in Sydney.

Carolyn Cummins The influx of new residents into capital cities has created demand for an array of new services, from schools taking out old office blocks to day care centres, medical suites and more supermarkets...

Back to school for Leighton Properties' Parramatta Square project

An artist's impression of the planned UWS campus in Parramatta's central business district.

Carolyn Cummins Leighton Properties has emerged as the buyer and developer of the $160 million new vertical campus of the University of Western Sydney at Parramatta.

Leasing ladder

Carolyn Cummins KARI Aboriginal Resources has leased a 295 sqm office at 128 Rothschild Avenue from Bradford Properties Pty Ltd. The lease term is three years. Olivia Skinner CBRE.

Takeover

Frasers' ultimatum to Australand investors: accept offer or it's gone

Australand sign on a crane

Carolyn Cummins Singaporean Frasers Centrepoint has declared it will not raise or change conditions for its $2.6 billion offer for Australand, leaving investors a week to accept or see the deal disappear.

Property

Lend Lease to sell malls worth $500m

Menai Marketplace? in Sydney’s south is up for sale.

Carolyn Cummins Super funds and retail investors are ready to plough more than $1 billion into shopping centres in the coming weeks as they compete for a range of portfolios.