Australia's powerful banking regulator has fired another warning shot at the commercial property sector, saying it will further investigate lending standards and consider "additional guidance" if necessary.
Property Editor at The Age and BusinessDay journalist for Fairfax's theage.com.au, smh.com.au, watoday.com.au and brisbanetimes.com.au.
Listed property group Propertylink has acquired a government-leased office in Brisbane for $145 million in a partnership with investment bank Goldman Sachs.
Diversified property group Charter Hall updated its earnings guidance Friday by 35.9 cents per security, while at the same time announcing a $275 million equity raising.
Home builder Burbank Group has applied to knock down an 1856 Victorian building in Melbourne and replace it with a 57 storey apartment tower.
Australia's financial watchdog has filed bankruptcy proceedings against notorious property spruiker Jamie McIntyre and his brother Dennis.
Australia's largest liquor company Fosters has moved to offload the Southbank headquarters of its famous subsidiary Carlton & United Breweries in a deal tipped to fetch $80 million once the six-storey building is sold.
The Melbourne developer has launched a Supreme Court challenge to a planning tribunal decision that rejected his apartment redevelopment of Fitzroy's Spanish Club.
A neighbourhood shopping centre in Melbourne's south-east anchored by a Woolworths supermarket has sold to Chinese interests for $48 million, the latest in series of retail acquisitions by Asian investors.
Newspaper House, the heritage Collins Street building with a glittering mural mosaic on its facade, has sold for $35 million just two years after it was acquired by listed Singapore developer-builder Lian Beng for $22.7 million.
Nissan is following in the tracks of other major automotive manufacturers and listing its Melbourne headquarters for sale, but for different reasons.