Industrial property global giant Goodman will look at increasing its power bank in coming years as it works with tenants to make is vast portfolio as energy efficient.
The national vacancy rate of 14.8 per cent is the emptiest CBD buildings have been since the mid-1990s but things are looking up as workers return to cities.
The multimillion dollar,two-storey property spans across 16,085 squar metres in the heart of South Sydney on a 1.69 hectare brownfield site.
Office assets continue to be hit hard with buyers and sellers unable to reach any agreement in pricing,but that was partially offset by a rise in demand for hotel properties and the booming healthcare sector.
High demand and low supply are the forces behind two large industrial property developments in Sydney’s west that will cater to a wide range of users.
Sentinel Property Group is to develop a $225 million distribution hub in Newcastle to cater for the increasing demand for land with direct access to the expanded Port of Newcastle container terminal.
Limited space and strong demand will see a significant push to develop high-rise industrial warehouses in major cities across the next three years,major investors have said.
Activity around the Monash University Technology Precinct is hotting up with deals brewing and a raft of fresh leases and buildings underway.
ESR Australia and Lendlease have expanded their footprints in to the booming industrial property market with a focus on Sydney’s western zones,where demand is rising in preparation for the new second airport.
Centuria Capital has secured a $500 million institutional investment mandate on behalf of a US private investment firm.
The private owner of a large-scale property leased to telco giant TPG in the Sydney city fringe will test the market appetite for data centres with price expectations of more than $45 million.