Centro trifecta sale smashes post-GFC record

PERTH-based Perron Group has splashed $690.4 million to buy into three prized shopping centres from Centro Retail Australia. The transaction negotiated by Jones Lang LaSalle is the largest agency deal made of any asset class in Australia post the GFC.

LATEST HEADLINES

St Hilliers begins reopening sites

THE administrators of St Hilliers Construction have reopened four constructions sites, which were locked down yesterday along with other projects across Australia. ... Full story

COMMERCIAL PROPERTY

Amcor leases industrial space in Altona

PACKAGING giant Amcor has leased an industrial property at Altona in Melbourne's west, further tightening the market. However relief is on the way, according to Colliers International. ... Full story

SALES, TRANSACTIONS

Brisbane investor takes a dip in Spring Lake

A BRISBANE-based private investor has paid $16.5 million for the Spring Lake Metro retail and commercial complex at Springfield Lakes, 29kms west of Brisbane in a deal negotiated by Savills. ... Full story

LISTED PROPERTY, REITS, UNLISTED FUNDS

Dixon seeks $100m for US residential fund

DIXON Advisory is seeking to raise $100 million for its US Masters Residential Property Fund, whilst at the same time the fund moves a step closer to listing on the ... Full story

RESIDENTIAL PROPERTY

Sunland replenishes Victorian land stock

SUNLAND Group has beefed up its residential portfolio with the acquisition of a 33.4 ha development site at Point Cook in Melbourne's south-west for $30 million. ... Full story

AUSTRALIAN PROPERTY INSTITUTE

Rate cut long overdue says property industry

THE Reserve Bank's interest rate cut of 50 basis points to 3.75% is long overdue and been welcomed by the property industry. ... Full story

RESEARCH

Commercial property returns stabilises

COMMERCIAL property investment returns have stabilised at 10.3% for the year ending March, underlined a strong 7.4% growth in income and 2.7% increase in capital returns, according to PCA/IPD's Property ... Full story

PROPERTY SPECTATOR

Budget back to surplus, the great fiscal, monetary switch

OPINION: THE 2012-13 Federal Budget is about one thing: returning the budget to surplus on schedule and doing it in a way that minimises the negative impact on the economy ... Full story

Video

IN an initiative to entice school leavers into the world of property, the Australian Property Institute (Vic) has released a ...

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