City fringe

Illuminating a shopping centre in 2017 is a far cry from the old days of screwing in some bulbs and going to town with a few thousand cheap and nasty fluorescent tubes.

Brimbank City Council is set to pocket $4.6 million from the sale of the vacant site of the former Sunshine Library.

Swedish furniture giant Ikea is poised to pay $132 million for the freehold of its property in the northwestern Perth suburb of Innaloo as it looks to cement control over its Australian empire. This article originally appeared on theaustralian.com.au/property.

Melbourne furniture king Franco Cozzo has backflipped on a plan to sell his renowned Footscray retail store.

One of Sydney’s best known pubs, the Marlborough Hotel in Newtown, has hit the market with its high-profile owners set to reap about $35 million. This article originally appeared on theaustralian.com.au/property.

GPT Group has signalled its determination to get back into office development by swooping on a $30 million-plus site in Parramatta being sold by the Salvation Army. This article originally appeared on theaustralian.com.au/property.

It could be the ultimate job brief: design an office space for a toy company.

Two-thirds of the $100 million-plus sales of development land in Sydney were made to offshore buyers or local developers with overseas backing, according to a new analysis by Charter Keck Cramer. This article originally appeared on theaustralian.com.au/property.

A property fund managed by South African investment bank Investec has bought two suburban Sydney office properties from private equity giant Blackstone for $160 million, increasing its exposure to the buoyant NSW economy. This article originally appeared on theaustralian.com.au/property.