Cromwell Property Group acquires $405m NSW government portfolio
Listed fund manager Cromwell Property Group has continued to expand with the acquisition of a $405 million portfolio of commercial assets in New South Wales. The unconditional purchase from the New South Wales…
GPT confirms 50% sale of $800 million Erina Fair to Korean group
Australia’s oldest property trust, GPT Group, has confirmed the sale of its 50 per cent stake in the $800 million Erina Fair shopping centre, on the NSW Central Coast, for $397.1 million. GPT’s…
Brisbane’s former Supreme and District Courts to become five-star hotel in $63 million deal
Brisbane’s former Supreme and District Courts site has been sold to the Taiwanese developer Shayher Group in what is set to be the largest single CBD development deal to date on George Street….
Australian retail markets listed as most expensive in the world
CBRE’s quarterly survey which tracks the most expensive global retail markets has listed Sydney (above), Melbourne and Brisbane in the top 10 for Q1 2013. Ranked fifth, Sydney recorded prime retail rates at…
Portfolio of prime inner city development sites go to market in Melbourne
CBRE and Colliers International have joined forces to market three prime development sites in the Melbourne CBD, which have a combined value of $75 million. The sites are situated at: 224-250 LaTrobe Street,…
Wilkinson Eyre Architects announced as winner for Crown Sydney Hotel
British architectural firm Wilkinson Eyre Architects (London) have been announced as the architects for James Packer’s $1 billion Crown Sydney Hotel at Barangaroo. The twice winners of the prestigious RIBA Stirling Prize were selected…
Westfield tenants receive 5% rent reduction due to slow retail conditions
Specialty tenants in Australian Westfield malls signing new leases have scored an average 5.1% rent reduction than the expired rents, according to the Westfield Group’s March quarter update. 380 leasing deals were completed…
One World Trade Centre tops out to become tallest building in America
One World Trade Centre in New York has become America’s tallest building and the world’s third tallest building after topping out at a height of 541 metres. A 124-metre steel spire was installed…
Belgian giant receives FIRB approval to become Watpac’s major shareholder
Watpac has announced that the Foreign Investment Review Board has approved BESIX Group’s acquisition of a 15.6 per cent shareholding (approximately 28.8 million shares) in the Group. Last month BESIX Group entered into an…
KSD1 and retail open for business at Hamilton Harbour
Queensland Treasurer and Minister for Trade, Tim Nicholls has officially opened KSD1 at Hamiliton Harbour. Developed in a joint venture by Leighton Properties and Devine Group, the five-level 6,500sqm commercial building is set…
