blog.buysellrealestate.com.au

A two-storey mixed used development property in South Melbourne has
sold at an on site auction conducted by Gross Waddell.

New home sales figures released today by HIA, for February 2008, show a
drop of 5.3% in the sale of new homes and units among Australia’s
largest builders and developers.

Jones Lang LaSalle has forecast that Brisbane’s fringe market will continue to grow, with preliminary figures gathered showing that 70% of the 145,000 sqm of new projects expected to be completed in 2008 are pre-committed.

According to a recent report by Standard & Poor’s Ratings Services, Australia’s rated real estate investment trusts have maintained stable credit quality in the past six months.

Kimberly-Clark Australia has begun preparations to relocate to Sydney’s outer west by selling its Warwick Farm Mill. Kimberly-Clark will remain in its current location until November 2008, when its new 45,000 sqm facility is due for completion.

A local private investor has purchased a 600 sqm strata office building in Strathpine, Queensland. The property, leased to Queensland Diagnostic Imaging, is the first to sell through new agency PEP Property Transactions Group.

Cbus Property, the direct property investment arm of Industry Superannuation Fund Cbus, has appointed Jones Lang LaSalle Hotels to sell its Hotel Lindrum in Melbourne and the Harbour Rocks Hotel in Sydney.

Fitzroys has been appointed to conduct an EOI sale of the Main Street
Shopping Centre, which is situated in Mornington, 45 km south east of Melbourne.

WBP Property Group, the national valuation and property services firm,
has acquired Sydney based valuation firm Lackey & Associates as
part of the WBP’s expansion in NSW.

Sutherland Farrelly has sold a development site in Brunswick East, Victoria, at auction to a private investor. The property is located at 304-310 Lygon Street and was one of two Lygon Street properties auctioned on the same day.