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HIA’s New Home Sales figures for December 2007 show a 1.3% fall in the sale of new homes and units among Australia’s largest builders and developers.

Valad Property Group has appointed Greg Thompson as head of Valad’s Asia Pacific property operations, with the appointment effective from 4th February 2008. Mr Thompson has more than 30 years of property industry experience.

HIA’s New Home Sales figures for December 2007 show a 1.3% fall in the sale of new homes and units among Australia’s largest builders and developers.

St Hilliers Property Pty Limited has acquired a commercial development site in Parramatta, NSW, for approximately $22 million and plans to develop an 18,500 sqm A grade office building.

BankSA has disclosed plans for the sale and lease back of thirteen bank properties in outer metropolitan and regional areas of South Australia.

Melbourne based property developer Acdev has sold two properties in Albury, NSW, one of which was purchased in August 2007 for $2.65m, to Aldi Stores for an undisclosed amount.

BB Retail Capital, a private retail investment company owned by Brett Blundy, has gained DA approval for its prime 3.6 ha bulky goods retail site at Warners Bay, 10 km south west of Newcastle.

Self storage property specialist Highway Frontage Real Estate has negotiated the private sale of the freehold and business of the U-Own Self Storage facility at 1-15 Rutherford Road in Seaford.

Westpac Funds Management Ltd, on behalf of the Westpac Diversified Property Fund, has purchased a 2755 sqm office building in Richmond, Victoria.

Property group CP1 has recorded strong pre-construction apartment sales for its joint venture re-development of the Gold Coast’s Paradise Resort, with 80% of the first tower already sold for more than $130 million.