Property

  • Westfield will move HQ to 'live above the store'

    Shopping centre leader

  • REITs take earnings downgrade

    Merrill Lynch analysts have downgraded their earnings expectations for Australia's listed property groups, after the sector warned during the reporting season of testing times ahead.

  • Springfield Lakes site sells

    A mixed-use development site within South-East Queensland's 2860 ha Greater Springfield project has been bought by a private syndicate for $3.63 million.

  • Yield gap a signal to buy, for some

    The near record gap between US commercial property yields and Treasury bonds, is a signal to buy real estate according to some investors .

  • Bargains lure Hervey Bay unit buyers

    Receivers PPB have offloaded 21 holiday units in the resort town of Hervey Bay, at bargain basement prices.

  • Bumper sales at Hocking Stuart

    Melbourne real estate agency Hocking Stuart sold a record $4.3 billion worth of property last financial year after unprecedented activity at the beginning of 2010.

  • Party's over on the Gold Coast

    The Gold Coast Council is considering a ban on short-term housing accommodation - a move that may create a black market for holiday houses and see people switch to other destinations.

  • Property briefs

    Head

  • Woolworths pubs boost

    The Woolworths hotel juggernaut is predicting an increase to its gaming revenue post-2012 after reporting subdued earnings growth last year.

  • Woolies mammoth upsets locals

    Woolworths is facing the prospect of further community activism with its plans to develop as many as 25 new shopping centres this year.

  • Leaving office for the pub

    Wealthy publican Cyril Maloney is cashing in on his Sydney CBD office investments in a bid to move further into the beleaguered pub market.

  • Woolies' property empire

    Woolworths might be best known for selling groceries, yet the retail giant has emerged as one of Australia's biggest property developers over the last two years.

  • Triguboff's towering ambitions

    Days before the marketing campaign had even commenced, billionaire developer

  • Gosford revitalised

    Gosford City Council has bought the distressed Gosford Town Centre shopping centre for $11 million - a fraction of the $55 million paid at the height of the boom.

  • Online auction result a first

    A Singapore-based Australian has bought a Newcastle industrial property for $1.52 million online at auction, in the first Australian sale of its kind.

  • Commonwealth signs up tenants

    Commonwealth Property Office Fund has locked in another two tenants at 175 Pitt Street in Sydney.

  • Offices filling as supply stays tight

    Listed property trusts have pointed to a healthier Australian office sector in most markets in the coming year, with asset values having stabilised and occupancy rates rising in most markets.

  • Walker sets sights on nation's biggest office park

    Lang Walker has shrugged off the GFC with a $1 billion office development in Melbourne's Docklands.

  • Pacific First payout

    Balmain Trilogy, investment manager of the Pacific First Mortgage Fund, has failed to gain enough support to fully implement its strategy but unitholders will start to receive payments of $35 million soon.

  • Pelorus exits with a big bang

    Fund manager Pelorus Property Group has delivered a solid bottom line profit in what may be its final annual result before de-listing.

  • Construction set to crumble as stimulus subsides

    Christmas is always a tough time for the construction industry. Cash flow slows, financiers worry, and workers are laid off.

  • GEO settles for profit

    GEO Property Group has recorded a $149.8 million profit turnaround to return to a positive profit for the 2010 financial year on the back of jump in residential sales.

  • Axiom struggles in battle for survival

    Perth-based developer Axiom Properties has posted a $13.74 million loss for the 2009 financial year, as the company works to re-invigorate the stalled Port Geographe residential project.

  • Independent Pub Group lists hotels

    Independent Pub Group has listed a portfolio of its South Australian hotel assets after recent sales success in the state.

  • CDI divests and reaps a premium

    Challenger Diversified Property Group has sold two of its non-core assets for a combined $34 million, with the capital to be used to buy office assets.

  • Confidence is in the air

    Real estate tycoon John McGrath is predicting momentum in the housing market will build in Spring, leading property prices to climb up to 10 per cent in 2011.

  • CVC bounces back with a vengeance

    Management and investment group CVC staged a comeback in the 2009 financial year, bouncing from a $66.6 million loss in the year prior to post a $20.11 million profit.

  • Landmark in the black

    LandMark White has reported an after tax profit of $945,000 bouyed by its residential and commercial valuation businesses.

  • Policy points WA in a new direction

    A new West Australian housing policy forecast to deliver at least $98 billion in construction work by 2031 has been labelled "ambitious" by the sector charged with turning the vision into reality.

  • US trust records $6.2m loss

    The Real Estate Capital Partners USA Property Trust has posted a loss for the financial year but chief executive Andrew Saunders said the US market is stabilising.

  • Ipswich lures Abu Dhabi owner

    Abu Dhabi-based businesswoman Vicki Aronis has bought an office building in the Queensland growth centre of Ipswich for $541,500.

  • Few signs of NZ property market pick up

    Few signs showed up in August that the usual spring pick-up in the property market was under way, a monthly survey of the industry says.

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