L67 Property Operators and Real Estate Services

Mall refits maintain low Melbourne retail vacancies

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Original article by Larry Schlesinger
The Australian Financial Review – Page: 34 : 13-Jun-14

Data from CBRE indicates that the vacancy rate for prime and super prime retail properties in the Melbourne CBD was 1.45 per cent in June 2014. Net rents were steady in the year to June, while outlets such as clothing and shoe stores comprised about 26 per cent of tenants

CORPORATES
CBRE PTY LTD, HERRON TODD WHITE AUSTRALIA PTY LTD, HENNES OCH MAURITZ AB, LASALLE INVESTMENT MANAGEMENT INCORPORATED, DEXUS PROPERTY GROUP – ASX DXS

A pain in the glass for Grocon

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Original article by Nick Lenaghan
The Australian Financial Review – Page: 34 : 13-Jun-14

Grocon has experienced quality control problems with glass used in the construction of a 12-storey office tower in the Melbourne CBD. The developer has agreed to replace about 50 per cent of the heat-tempered glass due to flaws in its manufacture. The building is being constructed on behalf of the GPT Wholesale Office Fund

CORPORATES
GROCON PTY LTD, GPT WHOLESALE OFFICE FUND NUMBER ONE, WESTPAC BANKING CORPORATION – ASX WBC, APN PROPERTY GROUP LIMITED – ASX APD, CHINA SOUTHERN GLASS (AUSTRALIA) PTY LTD