Jones Lang LaSalle
Centro trifecta sale smashes post-GFC record
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. ... Full story
Govt double tax for foreign investors
AUSTRALIA'S commercial real estate investment market will be less attractive to offshore investors, after the Federal government lifted the withholding tax from 7.5% to 15%, according to property experts. ... Full story
Barangaroo will reignite Sydney office market
LEASING in Sydney will be driven by tenants who are after large tracts of space, according to Jones Lang LaSalle. ... Full story
Valad offers up 575 Bourke St
MELBOURNE'S office market is set to be tested for the first time this year with the offering of 575 Bourke St by the newly privatised Valad Property Group. ... Full story
Centro to sell the bee's knees shopping centres
CENTRO Retail Australia is offering to sell a 50% stake in its best shopping centres, the Galleria in Perth, Colonnades in Adelaide and the Glen in Melbourne, valued in excess of $665 million. ... Full story
Office vacancy steady but Perth tightens further
THE vacancy rate across CBD office markets has remained steady at 7.2% in the Q1. However in the Perth CBD, there is an acute shortage of space as vacancy levels fall to just 2%, according to Jones Lang LaSalle. ... Full story
Supermarket retail prevails as CBD falters
FOOD retailing remains the strongest retail trade sector, according to a Jones Lang LaSalle survey of retail centre managers at the cold front of the market. However the other sectors are suffering, with some retail managers reportedly offering incentives of 15%. ... Full story
LaSalle's fixer upper hotel nets record price
LASALLE Investment Management has set a new record in Hong Kong with the sale of the Novotel Nathan Road Kowloon hotel for $HK2.368 billion (approx $A293 million). ... Full story
Chesterton boosts Sydney leasing team
CHESTERTON International has appointed Michael Lochtenberg as director of commercial Leasing at its Sydney office. ... Full story
Oil Search secures new dig at 1 Blight St
OIL and gas exploration company Oil Search has signed a 12-year lease at Dexus Property and Cbus' 1 Bligh St in the Sydney CBD. ... Full story
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