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Reality check for hot city fringe office markets

Senior research director Annabel McFarlane said she was tracking 55 projects larger than 1000 square metres that could add another 272,700 sq m of office space by 2024. “That level of projects is bigger than we’ve ever tracked since we started in 2002,” she said. A growing stable of ASX-listed, …

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Third time lucky for discount king Dimmeys

nc efi placeholder - Third time lucky for discount king Dimmeys

Mr Zappelli told Capital Gain he wouldn’t sell for less than $15 million and any deal would help get him out of debt. Dimmeys holding company Cool Breeze Clothing was put into voluntary administration last November after 166 years of trading. Last month, it went into liquidation with Hall Chadwick. …

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Developer offers tenants half-price rent at prime site

nc efi placeholder - Developer offers tenants half-price rent at prime site

The developer at Angus Property, Theo Onisforou, is giving tenants the “deal of century” by offering a 50 per cent net rent discount in his commercial pre-lease development near Green Square railway station in south Sydney. The site at 290 Botany Road, Alexandria, is an A-grade office, 7-storey commercial building …

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Newmark Capital tipped as buyer of $120m David Jones store

Newmark is no stranger to retail property as the owner of the popular Jam Factory complex in South Yarra and multiple other assets through its individual unlisted property funds. ‘It’s cracking real estate is all that I can say.’ Newmark co-founder Chris Langford The menswear store is on the south …

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The learning rites of being right all the time

nc efi placeholder - The learning rites of being right all the time

We like to draw straight lines because you know where you are with a straight line. What’s gone before is what is going to happen. It’s linear. I’ve yet to meet anybody who likes to be called a hypocrite, yet I have met many – and one in particular on …

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Holden dealers on crash course with GM over payouts

nc efi placeholder - Holden dealers on crash course with GM over payouts

Loading As the stories of woe mounted, they sparked a parliamentary inquiry, threats of legal action and a decision by the Australian Competition and Consumer Commission to wade in. The car dealership sector is huge. Until COVID-19 hit, it directly employed 55,000 workers (including 4446 apprentices), paid $5 billion a …

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