South African’s Redefine Properties in Talks to Buy a Share of Cromwell
SOUTH African property group Redefine Properties is reported to be in discussions to buy a 25 per cent stake in the Brisbane-based Cromwell Group property trust.
Cromwell revealed it was in talks with the South African company in statements to the market.
“Cromwell is discussing corporate opportunities with a number of parties, includign some potential institutional investors,” the trust said in a market announcement reported by the AFR.
Read more
FORMER aged care facility Shalom Lodge is the victim of the medium-density apartment boom taking place around Kew, about six kilometres east of town.
ABACUS Property Group has reaped $78 million from the sale of 343 George Street, Sydney.
QUEENSLAND’s Bligh Government has identified Brisbane including Chermside, Indooroopilly and Cleveland as “high density development” areas, as part of a plan to stop urban sprawl.
ONE of the inner-city’s most distinctive art deco commercial buildings – on a gateway site connecting West Melbourne to the CBD – will be retained and form the entrance of a major apartment skyscraper.
FORMER AFL footballer Wayne Carey has listed for sale a newly built Broadbeach Waters mansion he was to have occupied with his ex-girlfriend.
A PENTHOUSE within Harry Seidler’s Sydney CBD apartment tower, The Cove, has hit the market with price expectations of about $15 million.
QUEENSLAND’s Dunk Island, and the smaller Bedarra Island nearby, have been sold to humanitarian group McCall MacBain Foundation for an undisclosed sum. 
THE massive Springvale Homemaker Centre has opened in Melbourne’s outer-south east.
DEE Why’s Grand Shopping Centre in Sydney has sold to a private investor for $68 million.
VICTORIAN planning minister Matthew Guy has approved the construction of a 26-level, 272 unit apartment complex near the frantic St Kilda Junction, in Melbourne’s inner-south.
SIXTEEN months after it was destroyed by fire – which was a month after it was permitted for demolition – the waterfront site where Phillip Island’s popular Isle of Wight hotel once stood is for sale.
THE Sydney CBD’s new Mid City Retail Arcade has secured Virgin Active as a major tenant.
PLANS to develop a $291 million office, retail and hotel development in central North Sydney, have been given the green tick by the New South Wales government.
ENDING years of speculation, the federal government is readying to sell one of the south-eastern suburb’s most anticipated development sites.
ONE of last year’s biggest development site sales has fallen through forcing the asset to be relisted for sale this week.
FKP Property Group has purchased Sydney’s eye hospital site in the inner-city suburb of Woolloomooloo, for an as yet undisclosed amount.
SYDNEY based shopping centre giant Westfield has sold an open-air car park abutting the Doncaster shopping centre’s north-east boundary.
AUSTRALIA’s prestige real estate market seems to be going from strength to strength, with an overseas-based investor paying close to $30 million for a villa style mansion in Sydney’s ritzy Vaucluse.
HARDWARE giant Bunnings is believed to have paid about $25 million for a collection of adjoining sites abutting a major entrance of Westfield Doncaster shopping centre, about 14 kilometres east of town.
MIRVAC Group has made $29.5 million from the sale of its Chester Square shopping centre in Sydney’s west.
SOME Brighton mansions may be languishing on the market for months – and then end up selling for far less than initial asking prices. But demand for the suburb’s smallest real estate is continuing unabated – even selling for a nifty profit between economic downturns.
NEW South Wales historic Tubbo Station estate in the Riverina region has sold for more than $40 million.
A LEANER, greener proposal to redevelop the 1.5-hectare St Kilda Triangle site should be unveiled by next year – allowing construction to start soon after.
LOCAL developer CGA Bryson is selling a prominent Camberwell development site it bought just 15 months ago.
THE popular Bendigo Art Gallery (part of interior pictured, right) is to expand, again, to cater for two new gallery spaces, a bigger entrance and new storage and loading facilities.
THE new owners of a disused city college near the Queen Victoria Market in the Melbourne CBD have lodged an application which would more than doubles the size of a proposed apartment tower approved by council just four months ago.
SINGAPORE based private investor Philip Lim is understood to be the mystery buyer paying $89.2 million for an asset on the footsteps of the Bourke Street Mall.
A CHINA-based developer is understood to have paid $3 million for a 1465 square metre development site near a prominent Doncaster Hill junction, about 13 kilometres east of town.
PRICEWATERHOUSECoopers – which recently went against the grain by leasing an office building just out of the Melbourne CBD as its headquarters – may be looking to do the same in Sydney.
IT’S not just developers pushing Melbourne’s planning limits.
CONSTRUCTION of a contentious Camberwell apartment project dubbed by locals as “Melbourne’s ugliest tower” is now not likely to start until at least next year.
THE New South Wales Government has abandoned plans for its $5.3 billion Metro rail project in favour of a $50.2 billion transport blueprint which will include a $4.5 billion express rail service to Western Sydney, and a $6.7 billion North West rail link from Epping to Rouse Hill.
MELBOURNE’s Southern Cross rail station (pictured) – formerly known as the Spencer Street Station – could get a $2 billion upgrade, as part of plans to build a high-speed rail link to Sydney.