Cromwell Funds Management has completed a second major acquisition on behalf of the Cromwell Direct Property Fund, with the purchase of a six-storey, Grade A office building in the Canberra for the sum of $16.8 million. The property is situated at 64... Read More
Dalian Wanda Group, China’s largest commercial real estate conglomerate, has announced that it is investing $1 billion in a development located near Sydney Harbour. This will be Wanda’s second large investment in Australia. The investment amount... Read More
The Property Council/IPD Australia All Property Index has posted its highest total rate of returns in over two years, indicating that the robust growth seen over the past several quarters is continuing. The results show a total return of 9.9 per cent... Read More
NAB’s commercial property index recorded its first positive result since Q1 of 2011, but some markets are faring better than others. For the first time since Q4 of 2010, retail sentiment is recording a positive reading on the index. Stronger... Read More
Industrial property in the Australian market delivered returns of 12.1 per cent over the year ended June 30 2014. This exceeds the returns from retail and office property, which generated returns of 9.8 and 9.0 per cent, respectively. The strong... Read More
Sales of Melbourne commercial real estate have nearly doubled over the year to June, according to agents. During the last financial year, more than $6.6 billion in retail, industrial, and office transactions were finalized, compared with $3.77 billion... Read More
With banks pumping billions of dollars into the commercial property sector, Westpac and ANZ Bank are taking the lead in increasing their lending practices. There has been little growth in business lending and commercial property is one area outside of the... Read More
As the global economy continues to strengthen, businesses and investors are taking notice of overseas opportunities which could prove to be extremely profitable. This has led to a boom in business travel which, paired with an increase in international... Read More
One One One Eagle Street, Australia's best office tower has officially opened. The 54-level building is situated in Brisbane's Riverside district.... Read More
National Australia Bank's commercial property index reported a drop to minus 16 in the second quarter from minus 8 in the first quarter of 2012.... Read More
