Business News

It might be the end of summer, but the outlook appears bright for the commercial office market on the New South Wales Far North Coast and in Coffs Harbour.

National cinema chain Palace Cinemas has bought a $3.5 million South Yarra office in a deal that will see it move its headquarters from its traditional home in Balwyn.

In a few short months the White Bay Power Station’s ticket will be stamped as the likely site of Sydney’s newest jobs and office precinct.

Asian logistics player ­­e-Shang Redwood has trimmed its bold plan to buy three portfolios of Australian industrial property worth almost $1 billion. This article originally appeared on theaustralian.com.au/property.

Cambridge Industrial Trust has joined the surge of investment by Singaporean real estate investment trusts into Australian warehouses and logistics facilities. This article originally appeared on theaustralian.com.au/property.

Singaporean hotelier and developer Banyan Tree Group chose Brisbane for its first $150 million residential development in Australia, saying Melbourne and Sydney are overpriced. This article originally appeared on theaustralian.com.au/property.

Chinese developer Starryland is pushing ahead with the third stage of its $525 million Promenade apartment project at Parramatta in Sydney’s west. This article originally appeared on theaustralian.com.au/property.

The future of Sydney’s White Bay Power Station is a step closer to being determined, with 13 developers battling for the right to lead the site’s transformation.

Elanor Investors Group is tracking to launch hotel and retail property funds managing $200 million of real estate apiece. This article originally appeared on theaustralian.com.au/property.