South32 signs 10-year Perth lease
BHP Billiton's new spin-off company South32 is expected to take up naming rights on one of Perth's largest corporate towers after signing a 10-year lease.Brookfield Property has confirmed South32 will...
View ArticleBanks vie for key Investa role
The sales process for the $9 billion Morgan Stanley-owned Investa real estate platform has been locked in for the first half of this year, according to sources.Now the race is on for investment banks...
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When bricks and mortar crumble
EconomyAustralian NewsVictoria ThiebergerThe price of your home could well be 49 per cent overvalued.That’s the conclusion of a global survey by Deutsche Bank that ranks Australia as the fourth most...
View ArticleAustralian rents at record highs
Renters are paying record or near record rents in most capital cities and it looks like things are set to get worse, especially for Sydneysiders.Strong demand for rental properties continues to...
View ArticleSuitors line up for REIT
While Tony Pitt’s 360 Capital has come out publicly with his interest in Allan Fife’s Australian Industrial REIT, there’s talk in the market that his company may not be the only one sounding out the...
View ArticleChinese interest in Australian property to grow
Overseas investment in Australian residential real-estate is unlikely to dampen in 2015 as Chinese buyers continue to snap up property amid flagging domestic demand, a property expert says.Simon Henry,...
View ArticleShanghai Jin Jiang to buy France’s Louvre Hotels Group
Shanghai Jin Jiang International Hotels (Group) Co. plans to buy France’s Louvre Hotels Group, the second-largest European hotel group, for up to €1.21 billion ($US1.43 billion).The state-owned...
View ArticleWhy the bull market still has legs
EconomyAustralian NewsMiranda Maxwell“Gravity always wins.”Thom Yorke and Radiohead were singing about plastic surgery, but financial market observers reasonably expect bull markets to be subject to...
View ArticleCCCC on Aust property hunt
Interestingly for the real estate community, China Communications Construction Company was one of the parties to chase Leighton Properties early on in the process.It could mean that other property...
View ArticleChinese authorities freeze property projects in two cities
SHANGHAI—Chinese housing-market uncertainties that contributed to a closely watched bond default appear to be spreading, as authorities in one city froze transactions related to multiple developers’...
View ArticleJohn Laing mulls Aust expansion
The chief executive of John Laing has said the company plans to raise £130 million ($A240m) in an initial public offering in London, returning the UK infrastructure investor to the public markets after...
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Where Fitch got it wrong on housing
EconomyAustralian NewsMiranda MaxwellA generation of first-time buyers is largely priced out of the property market, ratings agency Fitch Ratings declared last week, saying an explosion in housing...
View ArticleWeddings are getting out of hand
EconomyAustralian NewsAlan KohlerIn light of the problem with housing affordability, perhaps the least sensible modern trend is the rising extravagance and cost of weddings.There was a time, back in...
View ArticleRPData shuns titles talk
RPData has been talked about as the most obvious buyer of the NSW and Victoria land titles office assets should they come up for sale by the state governments.But the country’s largest private real...
View ArticleForeign property investment hits record
Foreign investment in Australian commercial real estate has touched a new record, with overseas interests buying one in three non-residential buildings sold.A record $28.1 billion was spent on...
View ArticleHomeowner confidence soars to record
Australia's flourishing housing market has got some people feeling more confident about their finances - especially tradies and those that have paid off their mortgages.Soaring house prices have...
View ArticleSuitors eye Fife’s REIT
Last week, Data Room reported that other potential suitors could rival a tilt by Tony Pitt’s 360 Capital for Allan Fife’s Australian Industrial REIT.Some think Growthpoint could be closing in on the...
View ArticleApartment growth outpaces detached homes
Australians are shunning detached homes, as construction of new apartments drives growth in the housing sector.A survey of Australia's largest volume house builders shows new home sales increased for...
View ArticleForeign commercial property investment hits new record
Foreign investment in Australian commercial real estate has touched a new record, with overseas interests buying one in three non-residential buildings sold.A record $28.1 billion was spent on...
View ArticleBlackstone sells Gold Fields House
Blackstone has agreed to sell the Gold Fields House property at Circular Quay in Sydney to Dalian Wanda Group for about $415 million.The property already has planning approvals to allow the 1960s...
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