OFFICE BUILDINGS – NEW SOUTH WALES

Office tenants up but with eye on new supply

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Original article by Robert Harley
The Australian Financial Review – Page: 45 : 6-Aug-15

Sydney’s CBD office vacancy rate fell to 6.3 per cent in July 2015. Strong demand for office space is not limited to the CBD but is also evident in a number of metropolitan areas, including North Ryde, Chatswood and North Sydney. Stephen McNabb, the head of research at CBRE, expects this trend to continue for the next two to three years.

CORPORATES
CBRE PTY LTD, PROPERTY COUNCIL OF AUSTRALIA LIMITED, JONES LANG LASALLE AUSTRALIA PTY LTD, LPC AUSTRALIA PTY LTD, WESTPAC BANKING CORPORATION – ASX WBC, ASHURST AUSTRALIA, ERNST AND YOUNG, DEXUS PROPERTY GROUP – ASX DXS

Goodman’s $2b sell-off rolls on

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Original article by Mercedes Ruehl
The Australian Financial Review – Page: 37 : 26-Mar-15

Mapletree Investments is believed to be looking to buy a number of office buildings in Sydney’s Macquarie Park. Three properties that are owned by Goodman Group are said to be under consideration by Singapore-based Mapletree. Goodman offloaded some $A1.1bn worth of property in the second half of 2014, as part of its strategy to divest about $A2bn worth of property holdings each year

CORPORATES
GOODMAN GROUP – ASX GMG, MAPLETREE INVESTMENTS PTE LTD, SINGTEL OPTUS PTY LTD, FUJITSU AUSTRALIA LIMITED, GOLDEN HORSE HOLDING GROUP COMPANY LIMITED, BRICKWORKS LIMITED – ASX BKW, COLES GROUP LIMITED, WESFARMERS LIMITED – ASX WES

Goodman’s $2b sell-off rolls on

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Original article by Mercedes Ruehl
The Australian Financial Review – Page: 37 : 26-Mar-15

Mapletree Investments is believed to be looking to buy a number of office buildings in Sydney’s Macquarie Park. Three properties that are owned by Goodman Group are said to be under consideration by Singapore-based Mapletree. Goodman offloaded some $A1.1bn worth of property in the second half of 2014, as part of its strategy to divest about $A2bn worth of property holdings each year

CORPORATES
GOODMAN GROUP – ASX GMG, MAPLETREE INVESTMENTS PTE LTD, SINGTEL OPTUS PTY LTD, FUJITSU AUSTRALIA LIMITED, GOLDEN HORSE HOLDING GROUP COMPANY LIMITED, BRICKWORKS LIMITED – ASX BKW, COLES GROUP LIMITED, WESFARMERS LIMITED – ASX WES

Tax Office forced to build Gosford offices

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Original article by Noel Towell
The Sydney Morning Herald – Page: 4 : 27-Oct-14

Finance Minister Mathias Cormann stresses that the Australian Government is honouring an election pledge by opening a new office building in the regional New South Wales town of Gosford for the Australian Taxation Office (ATO). The move has been criticised by the Opposition as it comes at a time of major job cuts at the ATO and as it has a surplus of 6,200 seats across its premises nationwide. There has also been neither a business case nor cost-benefit analysis, in breach of the Finance Department’s requirements for new property leases by civil service agencies

CORPORATES
AUSTRALIAN TAXATION OFFICE, AUSTRALIA. DEPT OF FINANCE, AUSTRALIA. DEPT OF THE TREASURY