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Office values yet to peak: Dexus
The worth of Australia’s prime office towers has not yet peaked and will continue to rise over the next year, according to Dexus chief executive Darren Steinberg as the landlord posted a $405 million or 3.1% lift in values for the half year across its office and industrial portfolio.
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Which supermarket has the happiest customers?
Australia’s top supermarket for customer satisfaction has been revealed. And the result might surprise you. Foodland has taken the title for the third month straight, edging out German import Aldi in the happy customer stakes. …
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Melbourne best in class for property investment
Melbourne has narrowly outstripped Singapore and Sydney as the best prospect in the Asia Pacific region for both investment and development, according to new data.
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Retail climate bites as landlords sell shopping centres
Tough retail conditions are spilling over into the portfolios of major landlords with listed companies selling a series of centres at discounts to their book values, according to a new analysis by Macquarie Equities.
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What’s your golf club’s land worth?
Will we see more golf courses begin to cash in their fairways, as the value of the land under some of Australia’s most renowned layouts soars into the hundreds of millions of dollars? That’s the …
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Sydney hotel patrons facing 5% price hike
Corporate and leisure travellers can expect hotel rates in Sydney and Queenstown on New Zealand’s South Island to surge at least 5% next year but accommodation rates in the once booming mining cities of Perth and Brisbane are expected to remain relatively flat.
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Warehouse space in prime time amid e-commerce boom
Industrial property has performed well off the back of an e-commerce boom giving strong rental growth to the sector.
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Pitt Street seventh among world’s most expensive strips
Sydney’s Pitt Street Mall is still one of the most expensive strips to lease retail space in the world, new research shows. The iconic Sydney shopping destination sits alongside – and above – some of …
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Why ‘alternative’ investments are dominating market
The rapid expansion of health and aged care, student accommodation and data centres saw alternative assets show the fastest growth for JLL in Australia with revenue increasing 70% for the nine months to September compared with 2017.
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