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Sydney and Perth Residential Sectors Set to Lead the Nation: Report

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Written by Marc Pallisco   
Tuesday, 11 January 2011 00:00

THE Sydney and Perth residential sectors may have been the basket case of the country in recent years, but all that is expected to change, according to new research by MacroPlan.

The consultancy expects Sydney and Perth will lead the nation in regard to demand this year, led by increasing incomes, improving business prosperity and a shortage of new residential supply.

MacroPlan also anticipates some regional centres will perform well on the back of the resources boom, population growth and value.

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Centro Properties Expected to List $4 Billion Portfolio

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Written by Marc Pallisco   
Tuesday, 02 November 2010 00:37

CENTRO Properties Group is expected to list for sale a $4 billion portfolio of prime retail assets, as its bankers call for the company to settle its debts.

It’s expected Perth’s Galleria complex, and The Glen, in the south-east Melbourne suburb of Glen Waverley will be two of the 40-plus assets offered for sale.

Lend Lease, Colonial First State Global Management and AMP Capital Investors are expected to be in the mix of prospective purchasers, though the sale might also be on an individual shopping centre basis.

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Woolworths to 31 Retail Assets

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Written by Marc Pallisco   
Sunday, 31 October 2010 00:00

WOOLWORTHS has launched a campaign to sell 31 Australian shopping centres and three development sites.

Most of the centres are anchored by Woolworths, as service stations, supermarkets, Big W, BWS and Dan Murphy liquor outlets.

Twenty of the assets have been developed already. Another 11 are under construction and three are blocks of land with permits and Woolworth related lease agreements in place.

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DWPF Pays CDPI $231 Million For Industrial Portfolio

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Written by Marc Pallisco   
Tuesday, 26 October 2010 00:16

DEXUS Wholesale Property Fund has paid Colonial Direct Property Investment Fund $231 million for a portfolio of 13 industrial portfolios on Australia’s east coast.

The purchase includes eight properties in Sydney, three in Melbourne and two in Brisbane. Some are income producing investments, while others are development sites.

After the acquisition, DWPF’s portfolio allocation will be 57 per cent retail, 32 per cent office and 11 per cent industrial – though the plan is to boost the industrial allocation.

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Lend Lease Announces Agreement With Japan Based Sekisui House

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Written by Marc Pallisco   
Saturday, 18 September 2010 01:40

SYDNEY based developer and fund manager Lend Lease has announced an agreement to develop a swag of national, master planned residential and community projects with Japan based Sekisui House.

The arrangement, which is subject to conditions, will see Sekisui acquire a 50 per cent interest in Lend Lease's controversial 15-level Serrata apartment tower proposal, in Docklands.

Sekisui House will also buy land at Lend Lease's Hyatt Coolum on the Sunshine Coast, Queensland, and a piece of a project at Wentworth Point, near Homebush, in western Sydney.

A copy of Lend Lease's ASX announcement is below:

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