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
AND FINALLY
Knight Frank strengthens retail team
KNIGHT Frank has appointed Ben Stewart as director of retail investment sales. ... 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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