LATEST HEADLINES
Lend Lease could challenge Vic govt ban
PROPERTY giant Lend Lease could challenge the Victorian government’s decision to ban the company from tendering for work for four years. ... Full story
NSW must review cost of PPPs
THE New South Wales Government needs to review the Private Public Partnerships process because unsuccessful bidders who spent millions of dollars cannot recover their funds, according to the Urban Taskforce. ... Full story
590m Great Keppel resort under view
THE $592.5 million Great Keppel Island Resort development is under further assessment by the Queensland Government, following the release of a supplementary environmental impact statement (SEIS). ... Full story
Victorian building scandal
THE Victorian Ombudsman has found that the state’s Building Commission under former head Tony Arnel, had misused millions of dollars, including almost $1 million on extravagant awards sponsorships of Housing Industry Association and Master Builders Association events. ... Full story
Australian property jostles for Chinese money
THE Australian commercial property and REITs sectors will be pitted against the UK, USA, and Germany, trying to woe Chinese insurance companies with $A135 billion of money to spend in global real estate - thanks to recent changes in China, according to Grant Thornton. ... Full story
Lend Lease wins 2.6bn Sydney convention precinct
A CONSORTIUM including Lend Lease, the Hostplus superannuation fund, Capella Capital, AEG Ogden and Spotless has won the bid to develop the $1.1 billion Sydney International Convention, Exhibition and Entertainment Precinct (SICEEP). ... Full story
Industry divided over NSW building reform
THE O’Farrell Government’s proposed Code of Practice for companies tendering for state government building and construction projects has divided the property industry. ... Full story
InterContinental checks into QLD
INTERCONTINENTAL Hotels Group (IHG), the world’s largest hotel company, has won the contract to manage the former Hyatt Regency Sanctuary Cove on the Gold Coast. ... Full story
RBA still not there yet – expect more cuts
OPINION: WHILE the Reserve Bank has cut the official cash rate back to its post GFC record low of 3%, overall policy settings are nowhere near as stimulatory as they were in mid 2009. Bank lending rates are much higher. Standard variable mortgage rates will need to fall to around 6% at least, which implies that the official cash rate will need to fall to 2.5% at least. This is expected to occur during the first six months of next year, with the RBA cutting again in February by another 0.25%. ... Full story
Stay one step ahead of core capital
INVESTORS searching for superior returns need to shift their focus from passive premium and core assets, to secondary real estate, according to LaSalle Investment Management. ... Full story
RBA likely to cut rates tomorrow
THE Reserve Bank of Australia is expected to reduce interest rates by 25 basis points, when the board meets for the last time this year. ... Full story
Sabina walks away from Bahamas deal
SABINA Corporation has decided not to go ahead with investing in the $1.6 billion Port St George Resort Project in Long Island, Bahamas. ... Full story
Victoria creates new building authority
VICTORIAN Planning Minister Matthew Guy has announced the creation of the Victorian Building Authority. ... Full story
Singapore owner spins off Aussie hotels
SINGAPORE-based The Straits Trading Company (STC) has bundled and sold three Australian hotels, including the newly acquired $61 million Rendezvous Grand Hotel in Melbourne. ... Full story
JLL appoints new Vic MD
JONES Lang LaSalle has appointed David Bowden as the new...
All systems go for new Melb super city
MAB Corporation and Gibson Property Corporation's 900 hectares Merrifield master...
Savills appointments coup
SAVILLS has made three appointments to its Brisbane office leasing...
Cromwell cashing up to buy more
CROMWELL Property Group has launched a $250 million equity raising...
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