REAL ESTATE – AUSTRALIA – COMMERCIAL

Offices go big on smaller tenants, says Colliers

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Original article by Nick Lenaghan
The Australian Financial Review – Page: 38 : 18-Aug-15

Businesses are increasingly looking for smaller offices. The proliferation of start-ups and technology firms has led to more demand for office space in tenancies of less than 500 sq m. Colliers International states in its report on Australia’s CBD office market that the proportion of these tenancies has grown to 83 per cent of all tenancies, from 71 per cent in 2009.

CORPORATES
COLLIERS INTERNATIONAL HOLDINGS (AUSTRALIA) LIMITED

Bumper debut for GPT Metro Office

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Original article by Nick Lenaghan
The Australian Financial Review – Page: 37 : 12-Aug-15

Australian-listed GPT Metro Office, which was floated in October 2014, has reported earnings per unit of $A0.1128 for 2014-15. The fund announced a distribution of $A0.1015 per unit. The fund’s six assets had their valuation increased by $A24 million to $A401.8 million.

CORPORATES
GPT METRO OFFICE FUND – ASX GMF

Demand soars in big cities as mining eases

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Original article by Su-Lin Tan
The Australian Financial Review – Page: 44 : 6-Aug-15

Recent data on Australia’s commercial vacancy rates suggest that non-mining sectors are expanding. The Property Council of Australia’s "Office Market Report" for July 2015 shows that Sydney’s vacancy rate fell to 6.3 per cent in July, from 7.4 per cent in January. Sectors that are particularly active in the office market include educational institutions, insurance companies, banks, fintech hubs and government departments.

CORPORATES
PROPERTY COUNCIL OF AUSTRALIA LIMITED, TYRO PAYMENTS, COLLIERS INTERNATIONAL HOLDINGS (AUSTRALIA) LIMITED, MMJ REAL ESTATE PTY LTD, AUSTRALIAN TECHNICAL AND MANAGEMENT COLLEGE PTY LTD, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, BANK OF QUEENSLAND LIMITED – ASX BOQ, KNIGHT FRANK AUSTRALIA PTY LTD, INSURANCE AUSTRALIA GROUP LIMITED – ASX IAG

Chinese top investors in commercial sites

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Original article by Mercedes Ruehl, Robert Harley
The Australian Financial Review – Page: 36 : 29-Jul-15

Colliers International estimates that Chinese investors have accounted for more than $A4bn worth of commercial property deals in Australia so far in 2015. Colliers’ Nerida Conisbee expects Chinese activity in the local market to keep increasing. Mark Wizel of CBRE also notes growing interest among Chinese investors, particularly office buildings priced below $A50m and hotels.

CORPORATES
COLLIERS INTERNATIONAL HOLDINGS (AUSTRALIA) LIMITED, CBRE PTY LTD, CHINA INVESTMENT CORPORATION, PROPERTYLINK PTY LTD, PROPERTY COUNCIL OF AUSTRALIA LIMITED, JLL HOTELS

Garda float subscribers scaled back

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Original article by Matthew Cranston
The Australian Financial Review – Page: 46 : 25-Jun-15

The IPO of Garda Diversified Property Group has attracted strong interest from investors, with the offer being oversubscribed. CEO Matthew Madsen says the property trust is likely to debut on the Australian sharemarket about a week earlier than anticipated. Investors will pay $A1 per unit, with the IPO raising $A70m.

CORPORATES
GARDA DIVERSIFIED PROPERTY FUND – ASX GDF, OPUS INCOME AND CAPITAL FUND NUMBER 21, MORGANS FINANCIAL LIMITED, METRO PROPERTY DEVELOPMENT PTY LTD, GRANT THORNTON AUSTRALIA, BDO AUSTRALIA LIMITED

Banks’ commercial exposure rises

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Original article by Matthew Cranston
The Australian Financial Review – Page: 38 : 1-Jun-15

The total value of Australia’s four largest banks’ commercial property portfolios increased by 6.5 per cent to $A202.3bn in the year to March 2015. This includes some $A70.3bn worth of office properties. The Reserve Bank’s latest Financial Stability Review highlighted the potential risk of revaluations in the sector, although Brian Johnson of CLSA argues that the banks’ exposure to commercial property development is the main factor to consider.

CORPORATES
RESERVE BANK OF AUSTRALIA, CLSA AUSTRALIA PTY LTD, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY

Home and apartment building hits record $54.4b in 2014

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Original article by Michael Bleby
The Australian Financial Review – Page: 8 : 26-Feb-15

New figures show that $A54.4bn worth of residential dwellings were built across Australia during 2014, compared with $A49.3bn in 2013. Dwelling commencements in the December 2014 quarter topped $A14.3bn, an increase of 12.3 per cent. Non-residential construction activity rose by 1.3 per cent to $A35bn in 2014, although there was 2.9 per cent contraction in the fourth quarter

CORPORATES
MASTER BUILDERS OF AUSTRALIA, WATPAC LIMITED – ASX WTP, CARDNO LIMITED – ASX CDD

Queue lengthens for tilt at Morgan Stanley’s Investa property business

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Original article by Matthew Cranston
The Australian Financial Review – Page: 37 : 19-Feb-15

Australian and offshore groups are expected to bid for Investa Property Group’s assets, following a decision by Morgan Stanley Real Estate to exit the business. Cbus Property has expressed interest in the assets, with its main focus likely to be Investa’s development land in Sydney. BlackRock and Fosun International are among the offshore groups that could be potential buyers

CORPORATES
INVESTA PROPERTY GROUP, MORGAN STANLEY REAL ESTATE, CBUS PROPERTY PTY LTD, FOSUN INTERNATIONAL LIMITED, BLACKROCK INCORPORATED, BLACKSTONE REAL ESTATE ADVISORS LLC, VALAD PROPERTY GROUP, DEXUS PROPERTY GROUP – ASX DXS, CROMWELL PROPERTY GROUP – ASX CMW, IDERA, MGPA PTY LTD

Commercial deals a record $26.8b

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Original article by Larry Schlesinger
The Australian Financial Review – Page: 33 : 9-Jan-15

Data from CBRE shows that there was six per cent growth in sales of Australian commercial properties worth at least $A5m in 2014, to a new high of $A26.8bn. Sales of industrial properties rose by 55 per cent to $A5bn, while sales of office buildings grew by two per cent to $A14.5bn. Separate figures from Jones Lang LaSalle suggest that commercial property sales rose by 16 per cent to $A28.2bn in 2014

CORPORATES
CBRE PTY LTD, JONES LANG LASALLE AUSTRALIA PTY LTD, GPT GROUP – ASX GPT, CBUS PROPERTY PTY LTD, DEXUS PROPERTY GROUP – ASX DXS

Surge likely for China investment

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Original article by Rowan Callick
The Australian – Page: 28 : 19-Nov-14

Ross Hamilton of Ernst & Young forecasts that Chinese investors will ramp up their investment in Australian commercial property to $A8bn a year due to the free trade agreement. He notes that Chinese investment in the sector has totalled just $A24bn over the last seven years. Greenland Australia MD Luo Xiaohua says the Chinese group has invested $A2bn in Australia to date

CORPORATES
ERNST AND YOUNG, SHANGHAI GREENLAND GROUP COMPANY LIMITED, WANDA GROUP