Retailers applaud George St mall plan

Retailers applaud George St mall plan

Retailers and property owners along Sydney’s George Street have welcomed council plans to turn parts of the thoroughfare into a pedestrian mall with a light-rail service running down its length.

Flat housing stamps out duty cash

Flat housing stamps out duty cash

Western Australia’s predicted stamp duty revenue has been slashed by $836 million over the next four years thanks to the state’s flat housing market.

Cromwell rebels against tax

Cromwell rebels against tax

Cromwell Property Group chief executive Paul Weightman has urged the property industry to reject a surprise federal government tax hit on foreign real estate investors or risk lower property values.

Property

Give St Hilliers stick, says minister

St Hilliers Construction has restarted work on four projects - one day after work halted as the company went into voluntary administration.

Perron outlays $690m in Centro deals

Perron outlays $690m in Centro deals

Perth-based billionaire Stan Perron has taken half stakes in three of Centro’s biggest shopping stakes, in a $690.4 million deal put together in little more than month.

Thakral attracts international interest

Rival suitors are crawling over buyout target, Thakral Holdings, a month after the Canadian real estate giant, Brookfield Office Properties, lobbed in its $410 million take out offer for the owner of the coveted Wynyard site in Sydney’s city centre.

Executive property

The top properties on show this week include a meticulously upgraded house with harbour views in Sydney’s Vaucluse.

Property

Westfield on track for target

Westfield on track for target

Retail giant Westfield Group has taken a hit on new and renewed leases in its Australian shopping centres as poor consumer sentiment hampers retail sales growth.

Barangaroo details emerge

Barangaroo details emerge

Lend Lease looks set to take a 25 per cent stake in the first two office towers at its $6 billion Barangaroo project on Sydney’s harbourside, raising expectations that it’s close to unveiling the long-awaited tenant line up.

Shopping centres weaker in commercial sector

Australian commercial property returns are moderating – and weakening for shopping centres.

Suburb profile | Watermans Bay, Perth

Suburb profile | Watermans Bay, Perth

Beach and bushland make the city’s smallest suburb a highly desirable address.

Many shades of inspiration

Many shades of inspiration

What constitutes design is the focus of a very different festival at International Design Week from May 21 to 25.

Coast clear but Surfers can’t catch one

Coast clear but Surfers can’t catch one

The Gold Coast apartment market is finally seeing some light at the end of the tunnel – except in Surfers Paradise.

Property observed

REITs pass baton to unlisted funds

Australian REITs are no longer the dominant owners of the nation’s office towers, shopping centres and warehouses.

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Property indices

A-REIT 849.4 - 12.8 - 1.48%
S&P/ASX200 A-REIT (SECTOR)
FINANC X A-REIT 4,552.8 - 119.3 - 2.55%
S&P/ASX 200 FINANCIAL-X-A-REIT (SECTOR)
S&P/ASX 200 4,073.6 - 83.8 - 2.02%
S&P/ASX 200
FINANCIALS 3,998.7 - 97.2 - 2.37%
S&P/ASX 200 FINANCIALS (SECTOR)

Markets Data »

Construction & Engineering - Gainers & Losers

Gainers

Price % Chg
CBD CBD ENERGY LIMITED $0.049 +4.26%
RCR RCR TOMLINSON LIMITED $1.740 +1.16%
DGX DIPLOMA GROUP LIMITED $0.077 +.00%
EAL E & A LIMITED $0.165 +.00%
EVZ EVZ LIMITED $0.029 +.00%

Losers

Price % Chg
DTQ DRILL TORQUE LIMITED $0.100 -16.67%
VMG VDM GROUP LIMITED $0.055 -11.29%
NWH NRW HOLDINGS LIMITED $3.160 -8.41%
MND MONADELPHOUS GROUP LIMITED $19.700 -6.19%
GNG GR ENGINEERING SERVICES LIMITED $1.225 -6.13%


Markets Data »

REITs - Gainers & Losers

Gainers

Price % Chg
PXT P-REIT $0.088 +10.00%
RNY RNY PROPERTY TRUST $0.155 +3.33%
RCU REAL ESTATE CAPITAL PARTNERS USA PROPERTY TRUST $0.495 +1.02%
WSF WESTFIELD HOLDINGS LIMITED $15.600 +.00%
CKP CHEVIOT KIRRIBILLY VINEYARD PROPERTY LIMITED $0.000 +.00%

Losers

Price % Chg
MIX MIRVAC INDUSTRIAL TRUST $0.105 -4.55%
GMG GOODMAN GROUP $3.330 -3.76%
CQR CHARTER HALL RETAIL REIT $3.240 -3.28%
ALZ AUSTRALAND PROPERTY GROUP $2.600 -2.62%
IOF INVESTA OFFICE FUND $2.650 -2.57%


Markets Data »

Property trusts

Thakral attracts international interest

Rival suitors are crawling over buyout target, Thakral Holdings, a month after the Canadian real estate giant, Brookfield Office Properties, lobbed in its $410 million take out offer for the owner of the coveted Wynyard site in Sydney’s city centre.

Perron outlays $690m in Centro deals

Perron outlays $690m in Centro deals

Perth-based billionaire Stan Perron has taken half stakes in three of Centro’s biggest shopping stakes, in a $690.4 million deal put together in little more than month.

Hotels & leisure

Malaysians eye Marriott assets

Malaysians eye Marriott assets

The race for the Commonwealth Property Hotel Fund is coming to a head with Malaysia’s YTL Corp favoured to acquire the portfolio of three Marriott hotels.

Tough brew for small pubs

Scores of NSW publicans face a bitter brew of falling profits, mounting debts and rising business costs over the next two years as the profligacy of the boom years continues to take its toll on the industry.

Leasing

Rio’s Pacific Aluminium in $6m Brisbane lease deal

Mining giant Rio Tinto’s Pacific Aluminium business has agreed to take 2400 square metres of office space in Brisbane city in a deal valued at about $6.6 million.

NBN on call at Varsity Lakes

NBN Co, the company building the National Broadband Network, has take a 1500 sq m tenancy on the Gold Coast at Varsity Lakes for its national call centre.

Sales & auctions

Blue sky towns not immune from risks

Blue sky towns not immune from risks

Stratospheric rental yields and capital growth bring investors to mining towns – but beware the risks when mines shut down.

Tullamarine facility brings $7.3 million

Tullamarine facility brings $7.3 million

An industrial office-warehouse facility in Tullamarine in Melbourne’s north-west has been sold to a private investor for $7,312,500, representing a yield of 10.47pc.

Housing finance

Home loans stuck in the slow lane

Home loans stuck in the slow lane

Sluggish home-buying activity showed little improvement in March, though experts had expected a decline as the economy lost pace early this year.

Property briefs

Jones Lang LaSalle was named Australia’s best property consultancy at the International Property Awards Asia Pacific 2012-13. CBRE was highly commended.

Construction & engineering

ResourcesDaily

Gillard contrasts Ichthys success with euro crisis

Prime Minister Julia Gillard has used the official ground-breaking ceremony at Inpex’s $US34 billion Ichthys LNG project in Darwin to reiterate the boost resources are giving to the Australian economy.

Property

Give St Hilliers stick, says minister

St Hilliers Construction has restarted work on four projects - one day after work halted as the company went into voluntary administration.

Industrial property

Melbourne industrial property shines

Melbourne industrial property shines

A major logistics centre at Altona North, in Melbourne, has sold for $13 million. The sale reflects strong interest in industrial property in the city.

Tax rise changes sums for Mapletree

Singapore’s Mapletree Logistics Trust is recalibrating its figures on a $500 million deal with Stockland following last week’s surprise tax increase for foreign real estate investors.

Residential infrastructure

Vic refines planning

Vic refines planning

Victorian Planning Minister Matthew Guy says red tape will be slashed as part of the state’s review into its planning system, responding to a report that has called for a simpler process and a clear, long-term vision.