Commercial


Read the latest commercial property market news, feature articles, commentary and analysis here.
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The 7 must-know numbers of the week, starting with the price...

news

The 7 must-know numbers of the week, starting with the price hopes for Harry M Miller's former Woollahra manor home

Property Observer reviews the top seven numbers of the week, including the average rental yield for houses in Bondi Beach.

office

The Royal College of General Practitioners South Melbourne HQ fetches healthy $9 million

Lemon Baxter director Paul O’Sullivan says the sale price for the office suggests growing confidence in an ever improving property market.

retail

Westfield's twin vehicle structure delivering benefits

This year both entities have significantly outperformed their A-REIT peers in terms of sharemarket performance.

reits

Dexus acquires Brisbane’s “Blue Tower” as it sees office growth potential in Queensland capital

Dexus is targeting an internal rate of return of 10.2% per annum over the next 10 years for the "Blue Tower" in the Brisbane CBD, which it has acquired for $241.6 million.

reits

Dexus reports 67% slump in profits, with mixed outlook for offices and warehouses

Dexus operating in a "challenging and volatile environment" says CEO Darren Steinberg as it reports 67% slump in full year profits.

hammer prices

Commercial hammer prices: Charter Hall buys Stockland mall for $164 million

Recent commercial sales include The Edmondstone Motel in South Brisbane, which sold for $4.75 million.

office

Sydney and Melbourne green offices outperformed standard market in 2011-12: IPD

Green star-rated offices secured returns of 12% for Sydney investors, compared with 9.2% for the office market as a whole.

retail

Sydney's prime retail rental market at 12 o'clock and about to fall: Jones Lang LaSalle

Sydney's retail property market for rentals is at 12 o'clock on the "property clock", between the quadrants "rental value growth slowing" and rental values falling".

retail

Cinemas, mini-majors and food retailers the strongest performers in Westfield stores

The magic of the movies continues at Westfield shopping centres, with cinemas the strongest-performing tenants.

retail

Westfield half-year profits up 31% but revenue down amid subdued retail climate

Westfield has recorded strong profits for the half-year to June 30, but warns that retailing conditions remain subdued with just 0.8% growth in speciality store sales.

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