melbourne office market
Swanston strata sold on 8.22pc return
A COMMERCIAL suite in the National Trust listed Century Building at 125 Swanston St in Melbourne's CBD has sold for $655,000 on a return of 8.22%. ... Full story
Syndicates support St Kilda Rd comeback
LARGELY written off as an office precinct destined for residential apartments conversion, the St Kilda Rd office market has made a spectacular comeback, chalking up $270 million worth of deals in 2012, the highest level in 10 years, according to Savills. ... Full story
CPA weathers the slowdown
THE Commonwealth Property Office Fund (ASX: CPA) has delivered a solid result in the face of a slowdown in the office market. ... Full story
AREITs resurface but offshore still dominates
AUSTRALIAN real estate investment trusts have re-emerged as a buyer group, snapping up in excess of $1 billion worth of assets for the first time since 2007. However offshore investors still dominate the market, according to Jones Lang LaSalle. ... Full story
Malaysian investor sweet on office
A MALAYSIA-based investor has snapped up a 131 sqm office within Drapac's “140 East” strata development for $725,000. ... Full story
A new jewel for Queen St
LOCAL developer Dale Rose Pty Ltd has secured development approval for a new $190 million office building at Queens St. ... Full story
Time for tenants to renegotiate leases
THE time is right for Melbourne CBD office tenants to negotiate lease renewals because conditions are in their favour, according to Ernst & Young partner Richard Bowman, who was speaking at the annual Australian Property Institute/REIV State of the Market. ... Full story
Juilliard secures insurer for 555 Bourke
JUILLIARD Group's recent refurbishment of the St James office and retail building at 555 Bourke St in Melbourne's CBD is paying dividends. ... Full story
Melbourne CBD office not all bad
DESPITE the Melbourne office market recording its highest vacancy rate in six years, demand for space remains strong, as evidenced by the 250 active enquiries totalling over 390,000 sqm of space, according to Savills. ... Full story
Sydney bucks sluggish office market
DEMAND for office space across Australia has fallen significantly, resulting in the vacancy rate rising to 8.4% at the end of second half of 2012, up from 7.8% in July 2012, according to the Property Council’s Australian Office Market Report. ... Full story
Cromwell goes on big shopping spree
CROMWELL Property Group might consider a capital raising in the...
AGL warms up to 699 Bourke
GAS and energy provider AGL has signed the lease to...
This publication is a member of the Australian Press Council.