Morrison Kleeman Real Estate News

Since the Australian market is almost regulated by its mortgage system hence the government wants more foreign banks to enter and grow their local operations in the country.The reports reveal that international banks have a very little share in the stock market of Australia that is already dominated by its four big local banks. And [...]

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Mirvac Group expects to increase earnings by 10 to 14 per cent in the current financial year, saying the company’s strategy remains firmly focused on the Australian property market.The real estate group says in the year to September 2010 it has experienced 3.5 per cent like-for-like portfolio income growth.“The tough decisions we took during the [...]

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Sydney, Perth and Brisbane have ranked in the top 10 most expensive logistics rental property markets, according to research released today.Real estate firm CB Richard Ellis’s first-ever international survey also showed that freight-related property worldwide has recovered to pre-global financial crisis levels.The most expensive industrial logistics property was to be found in Tokyo, followed by [...]

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Australia’s biggest office landlords are switching off lights and installing more efficient air conditioners ahead of rules demanding reporting of energy use in the nation with the developed world’s second-highest greenhouse gas emissions per person. The largest property managers are ahead of legislation which comes into effect Nov. 1 requiring owners to reveal office buildings’ [...]

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Centro Properties Group, the Australian shopping-mall owner that ceded control to creditors in 2008, is seeking buyers for more than A$4 billion ($3.9 billion) of assets, said a person with knowledge of the matter. Centro has set a Dec. 25 deadline for indicative bids for more than 40 properties, including the Galleria in Perth and [...]

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