Wittner enters administration
Footwear retailer Wittner has entered administration. Established in 1912 and with over 20 standalone outlets, 25 department store concessions and
Read moreFootwear retailer Wittner has entered administration. Established in 1912 and with over 20 standalone outlets, 25 department store concessions and
Read moreSouth African billionaire Nathan Kirsch with US-listed Public Storage are seeking to buy out Abacus Storage King. The non-binding proposal
Read moreUS-based Proprium Capital Partners, for its local managed arm Avid, has made a $365 million takeover bid for home builder
Read moreIn his 20th year with Plenary Group, Paul Crowe has been appointed chief executive officer. As part of a planned
Read moreColes will retire two liquor brands to focus on a third – a move hoped will better take on Dan
Read moreCharter Hall Office chief executive officer, Carmel Hourigan, was last week appointed the Property Council of Australia’s national president. The
Read moreJapanese giant Sumitomo Forestry Group will become Australia’s biggest residential builder after quietly making the major business play for Metricon
Read morePro-invest Group will enter the co-living sector with a structure also including hospitality, arguably targeting wealthier occupants. The Flexible Living
Read moreIt is still a tenant’s market with vacancy up in almost all major city, fringe and suburban office regions, according
Read moreSydney developer Lang Walker died last night, aged 78. The philanthropist, with a net worth of c$4 billion according to
Read moreIan Robinson – who from 1975 grew a Beacon Lighting outlet in Prahran to a national network with over 125
Read moreThere is no end in sight for rising apartment rents, with five Australian markets likely to record mid to high
Read moreBEKL founder and chairman Hanbiao Liu died on Saturday. The executive – the L in BEKL, a developer and investment
Read moreThe value of Centuria’s flagship Industrial REIT (CIP) fell 6.4 per cent last financial year – to $3.839 billion –
Read moreAustralia’s CBD office vacancy rate rose again over the last six months – from 12.6 to 12.8 per cent –
Read moreA travel evolution sparked by the pandemic is driving the growth of Australia’s boutique hotel market, amid heightened demand for
Read moreDexus has revalued 175 of its 182 properties as part of its end of financial year reporting. The fall –
Read moreThe GPT Group chief executive officer and managing director, Bob Johnston (pictured, top), will retire by the end of the
Read moreSupply is again the leading reason for a rise in national CBD office vacancy – to 12.5 per cent from
Read moreA snap edict by the Chinese government forcing university students to return to face-to-face learning in their country of study
Read moreOffices in Perth hit 80 per cent occupancy in November and Melbourne recorded its highest occupancy levels since the pandemic
Read moreStudents living in purpose-built student accommodation (PBSA) spend almost as much per month as the average Australian, according to a
Read moreHines and Cadillac Fairview, the real estate arm of the Ontario Teachers’ Pension Fund, have formed a partnership to acquire
Read moreMirvac has appointed Campbell Hanan as chief executive officer. The quinquagenarian has controlled the company’s Commercial Property division and Integrated
Read moreThe independent organisation which issues Environmental, Social and Governance rating, the Global Real Estate Sustainability Benchmark, or GRESB, has awarded
Read moreThe number of workers going into the office lifted in most CBDs in September according to the latest Property Council
Read moreSupra Capital has launched a pooled fund, offering wholesale investors an alternative option for investing in Australia’s booming non-bank lending
Read moreOffice occupancy numbers have held their ground as the country dealt with the final phase of the latest wave of
Read moreUS based Sentinel Real Estate, via a division, Sentinel Fund Manager Australia, has entered a partnership with Dutch pension fund
Read moreA wave of Omicron and flu infections has caused office occupancy rates across most major cities to go backwards in
Read moreAustralian office vacancy rose again – as several buildings which formed part of a development wave that started before COVID
Read moreSpeculative media reports linking the suicide of Metricon co-founder Mario Biasin to a potential company collapse have forced acting managing
Read moreMario Biasin, who co-founded Metricon Homes in 1976, died this morning, aged 71. He was understood to have been suffering
Read moreChris Chapple (pictured, top) will replace Daryl Browning as ISPT chief executive officer at an as-yet-undisclosed date, expected to be
Read moreFawkner Properties has acquired a portfolio of 29 convenience retail assets from ASX-listed Waypoint REIT, formerly known as the Viva
Read moreDexus has entered a Share Sale and Purchase Agreement for Collimate Capital Limited – the new name for AMP Capital’s
Read moreJLL has appointed Dan Kernaghan (pictured, top) as Australia and New Zealand chief executive officer. The former office leasing department
Read moreCBD workers are heading back to their offices with occupancy rates in Melbourne, Sydney, and Canberra all more than doubling
Read moreLendlease has sold a 24.9 per cent stake in its Retirement Living trust to Aware Super – Australia’s largest superannuation
Read moreThis is an excerpt of a Colliers Research report republished with permission. To download the full document, follow this link.
Read moreCharter Hall with Dutch pension fund PGGM has signed a scheme implementation agreement to take over Irongate (IAP) for $1.3
Read moreToronto listed NorthWest Healthcare Properties with Singapore sovereign wealth fund GIC will invest another $2.4 billion into a healthcare joint
Read moreCenturia has formed a joint venture with Morgan Stanley Real Estate Investing to acquire and develop healthcare product. The Centuria
Read moreWestern Australia based SRG Global has snapped up Probuild arm WBHO Infrastructure for $15.2 million. The deal was announced one
Read moreThe Abu Dhabi Investment Authority will tip over a billion dollars into the LOGOS Australian Logistics Venture, created with LOGOS,
Read moreProbuild has told its national workforce to down tools, with its parent, Johannesburg listed Wilson Bayly Holmes-Ovcon Limited (WBHO), putting
Read moreDaryl Browning will step down as ISPT chief executive officer after 17 years. In a statement, chair Rosemary Hartnett said
Read moreBlackstone, via its Core+ Real Estate strategy in Asia, will pay $2.1 billion for a 49 per cent stake in
Read moreCharter Hall has snapped up a 49 per cent stake in another portfolio of Ampol service stations. The 20 assets
Read moreQualitas, founded in 2008 by Andrew Schwartz and owned in equal part with backer Trawalla Group, directed by Alan and
Read moreAdairs has snapped up smaller rival Focus on Furniture for $80 million. The deal gives the buyer control of 23
Read moreThe federal court yesterday ordered a former The Agency board member pay $212,269 to the property broker for wrongly putting
Read moreMacquarie Asset Management has invested in a Build to Rent company, Local, established by ex-Scape and Grocon acquisition manager Matthew
Read moreMirvac Group has appointed outgoing Queensland Investment Corporation chief executive officer Damien Frawley as non-executive director of the board. The
Read moreQueensland Investment Corporation has appointed Kylie Rampa – who was raised in the state – as chief executive officer. Ending
Read moreBlackstone is looking to take out a 49 per cent stake in the $3.5 billion Dexus managed Australian Logistics Trust
Read moreAventus (AVN), co-developed in 2004 by Brett Blundy and Darren Holland, and listed six years ago, is intending to merge
Read moreAmpol is selling a portfolio of 18 service stations. The bulk are in regional locations in east coast states including
Read moreNick Scali has purchased rival sofa retailer Plush from Greenlit Brands. The $103 million deal will see the buyer control
Read moreGrowthpoint Properties Australia is seeking to acquire 14.74 per cent of new securities for the APN Industria REIT (ADI). The
Read moreCharter Hall – for its Long WALE REIT (CLW) and a trust managed for Hostplus – has entered a Scheme
Read moreHome Consortium’s HealthCo Healthcare & Wellness REIT (HCW) listed today. Units in the fund closed at $2.32 – or 16
Read morePostscript: shareholders voted to delist on September 10. Redcape Hotel Group directors have proposed to delist with a $247 million
Read moreThe GPT Group is paying Ascot Capital $681.7 million for a portfolio of 24 investments. Containing a total lettable area
Read moreHong Kong listed ESR is paying $7.07 billion (US$5.2b) for Singapore’s ARA Asset Management. The deal will see the buyer
Read moreThe office vacancy rate across Australia’s 18 key markets has increased since January to 11.9 per cent – the highest
Read moreLendlease has sold its Services business for $310 million. The group said the deal is part of a strategy to
Read moreESR Australia today settled on a $3.8 billion purchase of 45 industrial investments – the Milestone collection – and a
Read moreInvesta has appointed Peter Menegazzo as the group’s chief executive officer, effective July 1. The businessman will replace Jonathan Callaghan
Read moreDexus has made a $180 million cornerstone investment in the Australian Unity Healthcare Property Trust. As part of the partnership,
Read moreA Charter Hall trust – responsible for about a tenth of the group’s funds under management – has recorded a
Read moreCenturia is being rewarded for its decision to counter-cyclically invest in its Industrial REIT (CIP). Following a revaluation of its
Read moreSingapore sovereign wealth fund GIC will open an Australian office next year. The landmark Chifley Tower, in Sydney – which
Read moreSamsung Life and its real estate asset management subsidiary Samsung SRA have snapped up a 25 per cent stake in
Read moreFife Capital is reportedly paying $200 million for a portfolio of industrial, office and residential investments. The 39 properties were
Read moreTwelve months ago, the Australian office workforce was very much settled into the work-from-home routine and many questions were being
Read moreTwo major real estate platforms – the ASX-listed Centuria Capital Group and Primewest – are proposing to merge. If successful,
Read moreREA Group is seeking to acquire Mortgage Choice for $244 million. The broker, which amongst other things finds loans for
Read moreThe Agency Group is branching into commercial property. The ASX-listed real estate company has been investing heavily in its residential
Read moreWoolworths Group will separate its Endeavour Group, likely via a demerger, in June, 2021. The proposal was delayed a year
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