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News Limited Issues Leasing Requirements, Sydney, Which May See it Quit Long Time Surry Hills Home

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Wednesday, 04 July 2012 09:04

MEDIA giant News Corp has signaled it could relocate from its long-time, owner-occupied premises in Holt Street, Surry Hills, in Sydney’s inner south.

The local News Limited arm has issued a leasing requirement for between 2000 and 12,000 square metres to occupy in the medium and long term. In addition it is looking for 1000 square metres to 5000 square metres of space immediately.

News Limited - which recently announced a restructure which would involve shedding jobs - is looking around Sydney’s western suburbs as well as Chatswood and the North Shore.


Corporate Giant KPMG Leases Offices on the Sunshine Coast

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Wednesday, 04 July 2012 00:02

The corporate giant, which occupies thousands of square metres of high-end space in the major capitals, has leased 500 square metres at the Emporio mixed used development at 2 Emporio Place, Maroochydore.

The seven-year lease is reported by the AFR as having two further five year options.

KPMG is reportedly paying $180,000 per annum to occupy the space, which equates to $360 per square metre, per annum. Colliers International and Savills leased the space on behalf of Reed Property Group.


Tom Gunn Shoes Signs One of Melbourne's Smallest Retail Lease Deals

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Saturday, 07 July 2012 00:58

ONE of the country’s smallest lease deals has taken place in the Melbourne CBD.

Shoe label Tom Gunn has reportedly leased 22 square metres of space within one of the city’s famous laneways – Howey Place, off Little Collins Street.

The AFR reports the rent is $4318 per square metre, per annum – or about $95,000 a year.


Ray White to Invest $100 Million in South Korean Mixed Use Project

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Thursday, 05 July 2012 00:47

LOCAL real estate group Ray White is reportedly considering investing $100 million in a South Korean real estate development at Gwangyang, on the less developed south-eastern coast of the country (map, right, with Gwangyang highlighted).

The move, part of a continuing low profile expansion into Asia, will see a residential and retail development developed in an area the central government is trying to encourage decentralization out of Seoul.

According to the AFR which reported the Gwangyang proposal in detail, the 2012 Expo is being held at the nearby town of Yeosu. It is in a city where most of Australia’s iron ore exports to South Korea are delivered for use at the Posco steel mill, nearby.

South Korea has long been a large commodities export market.


Masterplan Approved For New $3.3 Billion Township: Caloundra South

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Wednesday, 04 July 2012 08:00

PLANS for a $3.3 billion new community, known as the Caloundra South project, have advanced with the Queensland Urban Land Development Authority approving the master plan.

The project will be developed over the next 20 to 30 years by Sydney based developer Stockland.

It will include a new commercial centre with about 650,000 square metres of space. It will also include up to 20,000 dwellings capable of accommodating some 50,000 people.

The master plan includes infrastructure, environmental protection, open space, community facilities, commercial uses and housing. It will also include a new town centre, three district centres, six neighbourhood centres and an industrial zone.


Hilton to Build 8-Level, Upmarket Hotel in the Pilbara

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Wednesday, 27 June 2012 08:00

RESIDENTS won’t have to put up with “sub-standard” accommodation around the Pilbara, in Western Australia, with the international Hilton Hotel announcing plans for a $65 million upmarket hotel in central Karratha.

The first Double Tree by Hilton Hotel will include 144 suites, 20 own-your-own apartments, bar, restaurant, fitness centre, pool and car parking.

The proposed eight level building (artist impression, below), in Karratha’s central commercial area will also include three function rooms.

“Today’s announcement is yet another example about how, not the government but the private sector, is embracing the opportunities of the Pilbara,” said minister for regional development and lands, Brendon Grylls.


South Australian Department of Health Leases Torrensville Office-Warehouse, Adelaide

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Saturday, 30 June 2012 00:33

SOUTH Australia's Department of Health will pay $135,000 annual rent to occupy a 960 square metre office in Torrensville, two kilometres north of Adelaide.

The state department's lease at 81-83 Stephens Avenue (image, right taken from the online advertisement which has since been removed) is for an initial period of seven years, but includes two five year options.

The office and warehouse, on a corner site, has dual street access and loading, according to the AFR which reported the lease. The office is air conditioned and the reception areas fitted out.

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