National Commercial Property News

Japanese investors poured more than $1.6 billion into local commercial real estate last year and their buying is tipped to continue as they seek out higher growth markets.

The top of a five-storey building might not be the first place you’d expect to find three train carriages.

Sales of portfolios of industrial assets remain the driving force of the industrial investment market, with major deals making last year the third largest on record.

Water features aren’t new in the skyscraper game. But having one that flows out the side of the building and cascades 108 metres to the ground definitely is.

Flight Centre’s fledgling hotel and resort management business BHMA has struck a deal to manage its first hotel in Phuket, but it is keen to expand into other popular leisure tourist destinations such as Bali, Fiji, Queensland and the Maldives.

The final unit blocks in Sydney’s Millers Point sold under the hammer for $8.675 million earlier this week.

Real estate fund manager Charter Hall is in the box seat to buy an interest in the Caltex service station real estate portfolio and may also be eager to snap up the stakes in United Petroleum’s service station real estate assets, according to sources.

Discount supermarket giant Aldi has beaten iconic Australian companies to be crowned the most trusted brand in the country.

Mall owner Scentre Group said it was on target to increase funds from operations by around 4% this fiscal year, after reporting an improved half-year net profit driven by valuation gains on its property portfolio.