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Major Japan Builder Announces Eco-Friendly Coolum Residences, Sunshine Coast

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Thursday, 28 June 2012 05:26

HOMES which promise to provide “the most advanced eco-friendly design elements ever built in Australia” is being launched on the Sunshine Coast in Queensland.

The Coolum Residences will include photovoltaic roof tiles, insulated windows, wall ventilation and energy monitoring systems.

An announcement about the proposal and the developer – Japan’s largest home builder, Sekisui House, is copied below:

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GPT Withdraws Half Share of MLC Tower After Failing to Draw a Bid

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Tuesday, 26 June 2012 20:43

FUND manager and developer GPT Group has withdrawn from the market its half share of Sydney's landmark MLC tower.

GPT was firm with its $373.2 million asking price.

As such, it is reported, no bids were received. The AFR reports about 30 international and domestic prospective buyers expressed an interest, however.

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Calamvale Central Shopping Centre Sells For $62 Million

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Thursday, 28 June 2012 07:41

THE Australian Property Growth Fund, as trustee for the Domaine SEQ Growth Fund which is being wound up, has sold the Calamvale Central Shopping Centre in Brisbane for $62 million.

The sale price reflects a yield of passing yield of 8.15 per cent.

The 17,326 square metre complex at 662 Compton Road in Calamvale, in the city’s southern suburbs, is anchored by two retailers until 2027: Woolworths and Big W. It also includes 61 specialty stores.

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Target Signs Major Office Lease in St Kilda Road, Melbourne

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Thursday, 28 June 2012 12:00

RETAIL giant Target has leased 4462 square metres of office space on Melbourne city-fringe office market, St Kilda Road.

The Wesfarmers controlled group chose the building because of its proximity to the CBD and Flinders Street train station.

St Kilda Road office tenants have criticised (and vacated) the area which is only serviced by train. At it's peak St Kilda Road had more than 800,000 square metres of available office space, but no developer has proposed a new office in more than ten years.

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Ingenia Communities Sells Corio Retirement Village to Residential Developer For $3.1 Million

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Friday, 29 June 2012 00:12

INGENIA Communities, formerly controlled by Dutch investment giant ING and from earlier this month, a separate ASX listed company, has sold the Lovely Banks Gardens near Geelong.

The 65-unit village Corio village sold conditional on a rezoning which would allow for a residential redevelopment. A Victorian developer is said to be purchasing the site near Lindsay Fox's Avalon Airport.

In 2010, Ingenia ruled the "poor performing" asset as "non core" to its portfolio. It will pump funds from the sale into other developments, conversions and acquisition opportunities it is hoped will earn a return-on-investment of some 20 per cent.

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Australia's Population Boom Continues, We're Now at 22.5 Million

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Wednesday, 27 June 2012 00:05

AUSTRALIAN Bureau of Statistics show the nation’s population surged 1.4 per cent last year to 22.5 million.

Victoria led the population surge recruiting 75,000 new residents in the way of immigration, more babies and a net increase from other states. The state now has 5.6 million people.

Mining states Western Australia (which gained 67,400 residents) and Queensland (66,500) were the next fastest growing states.

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Woollahra Council Approves Lachlan Murdoch's $11.6 Extension, Bellevue Hill

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Sunday, 01 July 2012 00:18

THE Woollahra Municipal Council earlier this month approved the $11.6 million renovation of a Bellevue Hill home, lodged by Channel Ten chairman Lachlan Murdoch (pictured, right) and his wife Sarah.

The approval is subject to conditions designed to protect the views and privacy of neighbours (some of whose houses are pictured in the aerial image, far right).

The high-profile couple paid $23 million in 2009 for the Bellevue Hill mansion, formerly the French Consulate. The couple later purchased a home adjoining the elevated historic mansion which has postcard water views.

 
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