Carolyn Cummins

Carolyn Cummins

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

Mirvac's plans to develop 477 Collins Street move a step closer

Mirvac this week lodged the development application for 477 Collins Street with architectural firm Grimshaw.

Carolyn Cummins Mirvac Group has cleared another round of regulations and lodged the development application for its 477 Collins Street, Melbourne project, estimated to be worth between $500 million to $600 million...

Healthcare Property Trust buys Brisbane Waters Private Hospital for $16m

Carolyn Cummins Melbourne-based Australian Unity Healthcare Property Trust has acquired the Brisbane Waters Private Hospital on the NSW Central Cost for $16.175 million.

Australian Unity buys Brisbane Waters Private Hospital

Carolyn Cummins Australian Unity Healthcare Property Trust has bought Brisbane Waters Private Hospital on the central coast for $16.175 million.

Investors give Australand result thumbs up

 Australand managing director Bob Johnston

Carolyn Cummins Investors have reacted to Australand’s large profit rise for the half year, by pushing the price above the Frasers Centrepoint offer price.

Super fund Cbus gets with the Vibe in North Sydney property market

NAB building

Carolyn Cummins The super fund Cbus is said to be edging ahead as the preferred bidder for 88 Alfred Street, Milsons Point, now occupied by the Vibe hotel and valued at more than $80 million.

Retail assets valued at close to $1b set to hit market

Deepwater Plaza, Woy Woy, bought by DEXUS after it was offered for sale for the first time in more than 20 years.

Carolyn Cummins DEXUS Property has expanded its retail footprint with the $160 million purchase of two large, NSW regional malls, at a time when investors are preparing a blitz of investment into the sector.

Australand profit boosted by housing sales

Carolyn Cummins Takeover target Australand has reported a rise in interim profit, thanks to the NSW and Victorian housing market sales.

Without Reserve

Prime location: 333 George Street Terrace in the Sydney CBD.

Carolyn Cummins RCP launches their new Sydney office and the Freehold Absolute Return Fund delivers ahead of the Australian REIT market.

Macquarie Centre will be a "mall of the future"

Futuristic: the first stage of the Macquarie Centre will feature new-look department stores as well as more seating and a wider range of food.

Carolyn Cummins Shopping centres will offer a range of services including business space, meeting areas and storage facilities for online shoppers.

Commercial Property

Infrastructure boosts demand for industrial property

Growing demand: The site of the new Sydney Ports? Intermodal Logistics Centre (ILC) at Enfield.

Carolyn Cummins The growth in infrastructure will provide long term income for the industrial property trusts.

Banks move to reconfigure branch offices

Location: Banks are looking for a more flexible attitude from their landlords.

Carolyn Cummins There is a move to smaller offices and a need for customers to have 24-hour access to a cash machines.

North Shore offices ripe for growth

Plenty of interest: commercial property is attracting both domestic and offshore investment.

Carolyn Cummins A property syndicate has plans for a St Leonards property.

Commercial Property

Office space in demand

Conversions: An artist's impression of Darling Square.

Carolyn Cummins Leasing enquries are rising and the demand for investment-grade assets boost rental growth.

Leasing ladder

Carolyn Cummins LANE COVE $100 sqm.

Malls

New look Macquarie Centre opens its doors

Get the picture: The new advertising roof at the Macquarie Centre.

Carolyn Cummins David Jones is set to unveil its first new Sydney store in seven years,and will soon pull the covers off its new ''compact'' store layout as part of the $440 million facelift of AMP Capital's...

Takeovers

Frasers Centrepoint closer to winning $2.6b bid for Australand

Good deal: KPMG says Frasers'  $2.6 billion offer for Australand is fair and reasonable

Carolyn Cummins Frasers Centrepoint's $2.6 billion offer for Australand has cleared another hurdle, the independent directors giving the offer a tick of approval in the target's statement, which was released late on...

Property

Buyers snap up more than $10 billion in property

The Westpac building in Kent Street in Sydney

Carolyn Cummins Takeovers, changes to investment regulations and demand for high yielding, "safe haven" bricks and mortar assets, attracted close to $10 billion of cash to the Australian commercial real estate...

Construction projects key to earnings

Restructing effort: Final stages of the demolition of the Sydney Convention Centre, Darling Harbour.

Carolyn Cummins Development projects are under the spotlight.

Westfield spin-off Scentre raises $3 billion

Office asset: The new JP Morgan headquarters at 85 Castlereagh Street, Sydney.

Carolyn Cummins Analysts say deal highlights earning potential.

Without Reserve

Ginza at night

Carolyn Cummins WITHOUT RESERVE