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Build and they will buy

LASALLE Investment Management's strategy of developing core assets to sell has paid off with the sale of Twenty Anson to CapitaCommercial Trust ...

Bumper first half for Watpac

CONSTRUCTION, civil and mining contracting group Watpac has delivered an after-tax profit for the half year to 31 December 2011 of $4.9 ...

Knight Frank revs up recruitment engine

KNIGHT Frank has strengthened its Brisbane office leasing team by appointing four senior executives, as the agency embarks on a recruitment drive to double its size over the next five years. ... Full story

Mega city vision for Melbourne CBD

VICTORIA's Ballieu government has unveiled a bold vision to expand the Melbourne CBD district, to create a high density metropolis similar to New York City. ... Full story

Gym addicts give Ardent Leisure healthy boost

AUSTRALIANS growing obsession of staying fit is boosting property owner and operators like Ardent Leisure, which has posted a solid first half year earnings of $27.3 million up 1.6% from last year, underpinned by the Goodlife Health Clubs business which offset lower earnings in the theme park, marina, bowling divisions. ... Full story

Mirvac rejigs development business

MIRVAC has made a reorganised its development division from state-based head offices into one national product. ... Full story

David Devine set sights on South Australia

DAVID Devine has set his sights on South Australia, by poaching Devine Limited's state executive team to open a new office. ... Full story

BIS Shrapnel appoints new associate director

INDUSTRY analyst and forecasters BIS Shrapnel has appointed former Colonial Bank chief economist and Reserve Bank economist Dr Kim Hawtrey as associate director. ... Full story

Plans to expand South Bank

QUEENSLAND Premier Anna Bligh has revealed plans to expand Brisbane's South Bank precinct from 42 ha to 69 ha. ... Full story

Old Sydney building firm closes down

ONE of Australia's oldest building companies Kell and Rigby has entered into voluntary administrator. ... Full story

Leighton & Carlyle buy a piece of Mosaic

US private equity firm the Carlyle Group has entered Australia by teaming with Leighton Properties to buy the Mosaic development site in Brisbane. ... Full story

Hutchinson Builders secures $51.7m contract

CONSTRUCTION company Hutchinson Builders has won a $51.7 million contract from Australia Pacific LNG to supply 700 modular accommodation units at the Condabri and Reedy Creek gas fields near Miles and Wallumbilla. ... Full story

CBRE posts solid profit result

CBRE Group has posted a full year revenue of $US5.9 billion, up 15% compared with $5.1 billion for 2010. ... Full story

NZ to benefit from Earthquake reconstruction

NEW Zealand's building sector will rebound from its lowest level in 10 years, on the back of the Earthquake reconstruction, according to BIS Shrapnel. ... Full story

One more rate cut on the horizon

THE Reserve Bank has left interest rates unchanged following its board meeting yesterday, however economists believe there is one more interest rate cut on the cards. ... Full story

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