Designer Alex Perry Attaches Name to Fortitude Valley Project, Brisbane
FASHION designer Alex Perry will attach his name to an 11-level Brisbane apartment tower.
Perry has teamed with private developer Chrome Property Group to come up with “Alex Perry Residential”, a high end apartment range, starting with a Fortitude Valley development where one-bedroom apartments will start from $375,000, and three bedroom flats are available for just under $1 million.
Alex Perry Residences will be developed on the corner of Ann and Chester Streets about 1.5 kilometres north of the Brisbane CBD.
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BANK ANZ has sold 20 Martin Place in Sydney to Boston based property advisory Pembroke Real Estate, which is acting on behalf of an affiliate.
A CONTROVERSIAL new population strategy – which sets no population target at all – has concerned peak property bodies.
MIGRANT workers could help boost the delivery of gas projects in towns like Gladstone, in Queensland, under new plans by the federal Labor government.
RENTAL vacancy levels increased last month according to SQM Research.
THE New South Wales headquarters of the Australian Red Cross has sold for $31 million.
MELBOURNE-based developer Grocon is reportedly close to selling a Brisbane office building for about $170 million.
IN A positive move for middle-aged and older Australians, the Australian Securities and Investment Commission has ordered banks to relax rules that restricted borrowing capacity.
AMP Capital Investors, with the Westfield Group, are set to redevelop the Macquarie Centre which they co-own in Sydney’s north.
PLANS have fallen through to sell the Big Pineapple site on Queensland’s Sunshine Coast.
NEW state premier Barry O’Farrell will personally supervise the controversial $6 billion Barangaroo urban renewal project, set to replace industrial land – part of a Sydney Harbour container terminal, that ceased functioning in 2003.
A REPORT by finance giant QBE says one in 10 mortgage holders would not be able to make their repayments if interest rates rise by one quarter of a per cent.
UK retail giant Topshop will open its first Australian store at Sydney’s high profile Gowings Building (pictured, right).
AUSTRALIA’s almost uninterrupted strong economic run – which has resulted in an almost uninterrupted consumption binge – is piquing the interest of North America’s major retail businesses.
THE Sheraton Mirage in Port Douglas has sold for $35 million to Melbourne investor David Marriner.
Capital Corporation has started construction of a seven level, 11,000 square metre office at Sydney’s Norwest Business Park.
VICTIMS of Brisbane’s floods will be able to build their homes one metre higher than the previous 8.5 metre planning limit.
CEDAR Woods Properties has rejected a $310 million takeover offer, saying that purchase price undervalued the company.
CONSTRUCTION of a major new 561-unit apartment complex in Sydney’s Macquarie Park should start by the end of this year.
TERRI Irwin has been quietly listing for sale properties that formed part of the $20 million portfolio she built with late husband Steve.
THE commercial property sector’s biggest fundraiser is about to peddle off again, though thankfully for the Victorian participants, the weather is looking calmer than last year.
PARMALAT Food, a dairy group whose brands include Pauls Milk, has signed a 10-year lease for 1281 square metres of space at Frenchs Forest in Sydney’s north.
LISTED institution Australand Property Group with partner LaSalle Investment Management, have paid about $35 million for a 5.5 hectare development site in Sydney’s south.
AUSTRALIA’s prestige property market appears to still be in deceleration mode.
AFTER shelving plans to redevelop the prominent site three years ago, the Queensland government is offering a Gold Coast property to the public again.
GOOGLE has shelved plans to feature real estate listings within its Google Maps.
THE INDEPENDENT Commission Against Corruption was told a former NSW Labor government executive rushed to approve the $12.2 million purchase of waterfront land to avoid risk of a deal falling through.
SYDNEY based private developers the Hatsatouris family has been granted approval to build a $950 million tourism and residential hub off Queensland’s central coast.
THE largest private owner of forestry land in Australia is now a Canadian pension fund.
CORPORATE heavyweights Bell Potter and Southern Cross Equities, which merged last year, have agreed to lease 3000 square metres of premium grade office space in Sydney’s landmark Aurora Place office building.
VALAD Property Group is expected to take a hit from the sale of its Sheraton Noosa Resort and Spa facility (right) at Noosa Heads.
INVESTOR demand for Australian hotels surged last year.
STOCKLAND has paid an as yet undisclosed sum to secure rights to progressively acquire 339 hectares of land in south-west Sydney.
TWO of Australia’s biggest property players, Westfield Group and Lend Lease (which controls the Australian Prime Property Fund), are planning to sell the Cairns Central shopping centre they own together.
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.
LEND LEASE today announced a $122.5 million contract to expand and refurbish the University of New South Wales Wallace Wurth building.
VALAD Property Group is expected to take a hit from the sale of its Sheraton Noosa Resort and Spa facility at Noosa Heads.
LAST year, by and large, residential landlords were the investors best able to reap the rewards of a short supply, by boosting their rents.
SPORTSMAN Glenn McGrath can expect $6 million from the sale of his waterfront estate in Sydney’s Cronulla.
BOSS of failed group Firepower, Tim Johnston, has sold his Gold Coast home for $3 million.
QUEENSLAND’s tourism industry is “right at the bottom of the pits”, with expectations it will take some regions up to three months to fully rebuild.
GOLD Coast nightclub owner Jamie Pickering is reported to have paid $2.5 million for a penthouse in the Circle on Cavill building.
AHEAD of the federal government introducing new gaming regulations, retail giant Woolworths is believed to be in discussions with a burgeoning pub operator, to own a joint venture portfolio which would give it control of even more pokie machines.
RENTS in some parts of Brisbane are expected to soar as residents scramble for limited accommodation in the wake of the recent devastating floods.
PLANS for a new $42 million, three-tower apartment compound in the Sydney suburb of Bennelong, are being displayed for public comment.
NORTH Sydney’s office investment market has recorded several major sales in the first quarter of this year.
SOME 10 per cent of properties scheduled for auction on the Gold Coast on January 28 will be mortgagee in possession sales.
PERISHER’s Marritz Alpine Chalet will be auctioned on May 16, as part of a settlement for the divorce of property tycoon Warren Anderson, and soon-to-be-ex wife, Cheryl.
THE luxury Sydney home outside which business Michael McGurk was murdered in 2009 has hit the market.
TELEVISION and radio personality Jacqui O has outgrown her inner-city Sydney terrace (right).
A POTTS Point residential development site has sold for between $17 and $20 million.
THE Mansions hotel, in Sydney’s inner-city Kings Cross, has sold to developer Toga Group for $16.75 million.
RECEIVERS McGrath Nicol has been appointed to seize control of a major, high profile resort developed by two major, high profile property institutions.
LEIGHTON Holdings has teamed with property fund manager LaSalle Investment Management to build a new housing estate in Sydney’s Erskineville.
PRIVATE family the Stratham’s are quietly selling two major rural holdings in northern New South Wales.
SYDNEY’s 227-room Mercure Potts Point has opened after a major renovation that started three years ago.
SYDNEY’s Bristol Arms Retro Hotel, in Sussex Street, has sold to a private investor for $9 million.
COFFEE specialist Nespresso has opened its largest store in the southern hemisphere.
LACHLAN Murdoch is the latest young billionaire to expand his Sydney property holding, buying a delapidated property abutting the Bellevue Hill mansion he paid $23 million for last year.
A SOUTH African investor is set to reap between $17 million and $25 million, from the sale of an entire apartment block on Bondi Beach, in Sydney’s ritzy east.
IN one of the first major CBD office transactions for the year, Eureka Funds Management, on behalf of the Aria Property Trust, has purchased an investment in Sydney.
NEW plans have been lodged to redevelop the notorious, but rundown Sydney hotel where INXS lead singer Michael Hutchence died.
PRIVATE investor Kirsh Group has paid a combined price of $153.5 million for two Martin Place, Sydney office towers.
BILLIONAIRE media and gaming magnate James Packer has received council approval to redevelop a 3369 square metre sloping site in Sydney’s ritzy eastern suburb of Vaucluse.
THE Yarra City Council has approved the $400 million redevelopment of Channel Nine’s long-time Bendigo Street studios, in Melbourne’s inner east.