melbourne office market
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
Melbourne office vacancy hits six-year high
THE Melbourne office market has recorded its highest vacancy rate in six years, rising from 5.6% to 6.9% over the six months to January 2013, according to the Property Council's Office Market Report. ... Full story
LaSalle takes advantage of cyclical downturn
LASALLE Investment Management is taking advantage of the cyclical down in the Melbourne CBD office market by snapping an office building at 555 Lonsdale St from BlackRock for bargain price of $57.5 million. ... Full story
St Kilda shop sold for 3m
A PRIME retail freehold at Acland St, St Kilda has...
Savills launches new boutique service
SAVILLS has launched a new boutique service in New South...
Residential property auction wrap up
THE residential property auction market in Sydney and Melbourne are...
Court rules Lend Lease Vic ban unlawful
THE Victorian government will appeal a Federal Court decision which...
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