Carolyn Cummins

Carolyn Cummins

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

Kings Cross Centre sold for $37 million

Carolyn Cummins Investors are using the low and unchanged interests rates to start to the new financial year on a busy note with the sale of the Kings Cross Centre, Potts Point for $37.3 million.

Federation: A billionaire's dummy spit?

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Carolyn Cummins No matter who you talk to, they all have the same verdict: the Federation Centre's board knew Steven Sewell's management style for three years, so why now?

Investors sell down Federation Centres

The Glen shopping centre, Melbourne, is one of Federation's main assets.

Carolyn Cummins Federation Centres has seen more than 6 per cent wiped off its share price since the board ousted the incumbent chief executive Steven Sewell on Monday morning.

Federation Centres stuns market by replacing CEO Steven Sewell with Angus McNaughton effective immediately

Angus Mcnaughton, the new CEO of Federation Centres who has replaced Steven Sewell.

Carolyn Cummins Retail landlord Federation Centres has surprised the market with the appointment of former Novion Property's Angus McNaughton as the new chief executive, to replace Steven...

Deals and deeds

Carolyn Cummins A selection of property transactions in NSW.

East Village wins development honours for Payce

Carolyn Cummins Viking by Crown Group has snared the Innovative Development Award in Sydney.

Australian industrial market on track to eclipse 2014 sales

Goodman is developing a giant facility for DHL on the Oakdale Industrial Estate in  western Sydney.

Carolyn Cummins The pending sale of the Singapore government's industrial property portfolio, valued at about $1 billion, will help boost the deal pipeline in the second half of the year to more than the $5.

Hotel sector hits new highs as Australia accommodates visitor demand

Sofitel at Darling Harbour is among Sydney's new hotel developments.

Carolyn Cummins Cranes are now dotting the skyline, working on major hotel projects.

Retail sector under the microscope in reporting season

Artist impression of H&M store in Pitt Street Mall's Glasshouse building co-owned by Stockland and Investa.

Carolyn Cummins A new-look retailer is headed for the Australian market, after the owners of the Trade Secret brand sold out to US-basedTJX Companies.

LVMH sales strong despite China slump

The Louis Vuitton Maison store on the corner of King and George streets.

Bloomberg and Carolyn Cummins The Chinese market was tough on LVMH Moet Hennessy this year, with sales declining in China, Macau and Hong Kong.

Broadway shopping centre in $55m facelift

The Broadway shopping centre is in for a $55 million upgrade.

Carolyn Cummins Mirvac is set to undertake a $55 million upgrade of its Broadway shopping centre.

China now the largest overseas investor in Australian property

The portfolio includes 120 Collins Street in Melbourne.

Carolyn Cummins China has emerged as the largest overseas investor in Australian commercial property.

Chinese Investment Corp pays $2.5b for Investa assets

The Deutsche Bank Place tower at 126 Phillip Street, Sydney.

Carolyn Cummins New owners will enter into an investment management agreement with Investa Office, ensuring continuity of management services.

Westpac boss Brian Hartzer heads into rival's territory

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Carolyn Cummins Westpac boss Brian Hartzer will venture into enemy territory in two weeks.

Asset sales top $6 billion in office market

Carolyn Cummins The pending sale of the $7 billion Investa office platform is expected to trigger a fresh round of asset sales at time when investors are hungry for higher yielding and less volatile bricks and...

Workspace flexibility to shape future office markets

Carolyn Cummins To accommodate the changing office market, landlords are now allowing the negotiation of different lease terms, including growth option and length of stay.

Without reserve

Online car parking platform Divvy Parking has partnered with popular car sharing service GoGet.

Carolyn Cummins Online car parking platform Divvy Parking has partnered with popular car sharing service GoGet in a joint effort to improve parking and transport efficiencies for Australian commuters and businesses...

Apple Martin Place deal is sign office leasing markets improving

Macquarie's renovated 50 Martin Place, designed by JPW

Carolyn Cummins The lease by tech giant, Apple, at 20 Martin Place, is further indication that office leasing market sentiment is in positive territory.

Industrial property in high demand

The New Westlink M7 spaghetti junction at the intersection of the M4 Western Motorway and Wallgrove Road.

Carolyn Cummins Industrial property demand is racing ahead, as investors look to snap up sites with residential development opportunities.

Macarthur Square in $240 million redevelopment

An artist's impression of the expanded Macarthur Square shopping centre in Sydney's Campbelltown.

Carolyn Cummins Macarthur Square shopping centre has been given the final nod for a $240 million facelift, to be undertaken by the joint owners, Australian Prime Property Fund Retail and GPT Wholesale Shopping...