Australia's Property Review - Commercial and residential property, real estate investment trusts REIT news: 


Centro trifecta sale smashes post-GFC record
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Property Review  on 18/05/2012 00:05:00

PERTH-based Perron Group has splashed $690.4 million to buy into three prized
shopping centres from Centro Retail Australia. The transaction negotiated by
Jones Lang LaSalle is the largest agency deal made of any asset class in
Australia post the GFC.

St Hilliers begins reopening sites
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Property Review  on 18/05/2012 00:04:00

THE administrators of St Hilliers Construction have reopened four constructions
sites, which were locked down yesterday along with other projects across
Australia.

Brisbane investor takes a dip in Spring Lake
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Property Review  on 18/05/2012 00:02:00

A BRISBANE-based private investor has paid $16.5 million for the Spring Lake
Metro retail and commercial complex at Springfield Lakes, 29kms west of Brisbane
in a deal negotiated by Savills.

Amcor leases industrial space in Altona
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Property Review  on 18/05/2012 00:01:00

PACKAGING giant Amcor has leased an industrial property at Altona in Melbourne's
west, further tightening the market. However relief is on the way, according to
Colliers International.

And then there were two
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Property Review  on 18/05/2012 00:01:00

ONLY two lots remain for sale at MAB Corporation's Meridian Business Park in
Thomastown in Melbourne's north, after owner occupiers snapped up $6 million in
land in the past month.

Admins take control of St Hilliers construction arm
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Property Review  on 17/05/2012 00:53:00

THE construction arm of St Hilliers has been placed into voluntary
administration after negotiations to secure additional funding of $150 million
collapsed.

CPOF buyout Wyllie stake in Perth office tower
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Property Review  on 17/05/2012 00:51:00

CHARTER Hall's $1.5 billion Core Plus Office Fund has bought out the Wyllie
Group's 50% interest of a Perth CBD office building at 225 St Georges Terrace
for $96 million.

Commercial property returns stabilises
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Property Review  on 17/05/2012 00:43:00

COMMERCIAL property investment returns have stabilised at 10.3% for the year
ending March, underlined a strong 7.4% growth in income and 2.7% increase in
capital returns, according to PCA/IPD's Property Index Performance 2012 Q1.

Dixon seeks $100m for US residential fund
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Property Review  on 17/05/2012 00:42:00

DIXON Advisory is seeking to raise $100 million for its US Masters Residential
Property Fund, whilst at the same time the fund moves a step closer to listing
on the ASX.

Sunland replenishes Victorian land stock
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Property Review  on 17/05/2012 00:41:00

SUNLAND Group has beefed up its residential portfolio with the acquisition of a
33.4 ha development site at Point Cook in Melbourne's south-west for $30
million.