Six Melbourne property owners have taken the idea of pooling neighbouring properties to make one large development site to a new level by banding together to create a masterplan for half a dozen 40-level skyscrapers.
Telstra has decided to ice its plans to develop a $950 million-plus office tower at 288 Exhibition Street, Melbourne.
The sophisticated sister of fast-fashion Swedish retailer H&M, COS, (Collection of Style), has arrived in Sydney, snapping up a lease in the former Commonwealth Bank "money box" chamber, as part of the new-look 5 Martin Place development.
Kathleen Chu and Katsuyo Kuwako
The trend has already hit Sydney, Vancouver and the US. Now it's happening in Japan: busloads of real estate buyers from China coming in, buying up homes and pushing prices higher.
Goodman Group is selling its share in the Coles distribution centre for $253 million.
The merged Commonwealth Government's amalgamated tribunal has signed a lease at 83 Clarence Street, managed by DEXUS Property – a further indication that the office leasing and sales market is showing solid growth, according to agents.
Grocon and Planning Minister Richard Wynne are nearing agreement on a controversial apartment tower plan at 85 Spring Street - but Melbourne City Council has opposed the project at the last minute.
Food, like fashion, has become very fast in this time poor world.
Larry Kestelman's burgeoning LK Property Group is speculated to be paying about $10 million for the 970-square-metre block in Claremont Street in a pocket of South Yarra known as Forrest Hill.
The Australian Grains Genebank is cleverly designed to ensure an optimum temperature for seed storage.
Budget stimulus measures are likely to benefit large-format retailers, but NSW lags the rest of the country in its planning rules, writes Philippa Kelly.
Australian property prices are in a bubble and heading towards a correction in the next two or three years, says a leading investment bank.
Eureka Funds Management has settled its $170.1 million acquisition of part of the NSW Government's Parramatta Justice Precinct, which incorporates the two adjacent, freestanding properties at 160 Marsden Street and 4 George Street.
The long-running battle for control of Fife Capital's $225 million Australian Industrial REIT has taken another turn, with predator 360 Capital extending its offer into the new financial year.
Global private equity firm Forum Partners has earmarked Australia as one of its growth centres, and plans to double its exposure across mixed-use and residential assets to about $500 million in the next three years.
The change of state government does not appear to have slowed demand for Fishermans Bend property with an investor paying nearly $18 million for a 3260-square-metre block that cannot be developed for at least 10 years.
Global private equity firm Forum Partners has earmarked Australia as one its growth centres, and plans to double its exposure across mixed-use and residential assets to about $500 million in the next three years.
Australian Islamic investment fund Crescent Wealth has made its first foray into direct property investment, paying $30.75 million for a South Melbourne office building offloaded by Cromwell Property Group.
A historic High Street building which dates back to the late 1800s has sold for $5.4 million.
The increase in mum and dad investors has resulted in unprecedented levels of inquiry for retail spots.
State governments have encouraged development of so-called "brownfield" sites as it creates new homes where infrastructure exists.
Owners say Woden "is a pretty challenging leasing environment" because of the outflow of employees to Civic.
More than $300 million worth of office and industrial property assets have changed hands in a deal between Propertylink and the US real estate investment trust Equity Commonwealth, led by billionaire businessman Sam Zell.
The $6 billion Barangaroo South project, on Sydney's Darling Harbour, is nearing its next completion stage, with the Barangaroo Point Reserve due to open by the end of August.
Billionaire Kerry Stokes has beaten a string of Chinese investors to acquire a farm stretching across 2823 hectares on South Australia's Kangaroo Island. He's bought Woodlana Station for $4.7 million. It takes his total holdings in SA to more than 10,000 hectares.
Mirvac has revamped its business to unlock up to $15 million in annual cost savings, but it will come at the expense of about 75 jobs.
Chatswood is emerging as a strong contender as the fastest growing area in Sydney's north, as commercial and residential assets prove attractive.