Vol 13. No.99

Friday 01 June 2012

Economic Overview


 Current +/- Movement
$AUS/$US 97.20 -0.72
Cash Rate 3.75 Steady   
90 Day Bill 3.37 -0.16
10 Year Bond 2.932 -0.115
ASX 200 4076.3 -17.9

New South Wales

Ryde City Civic Precinct Development Update (AFR Pg.46)
  • Lend Lease has been nominated as the preferred developer for a $350 million civic precinct development in Ryde.
  • Lend Lease’s proposal comprises 622 apartments, community facilities, a council auditorium facilitating 400 people, meeting rooms, a 1,200m² public square and new council chambers with administrative offices.
  • Council will vote on the proposal in June.

Queensland

Interest in Acquiring Eagle Street Office Tower (AFR Pg.46)
  • Reports suggest the Commonwealth Property Office Fund are looking to acquire a 30 storey office tower at 10 Eagle Street, Brisbane for approximately $200 million from Brookfield Asset Management.

Sources: As above
Disclaimer: All representations and information contained herein are made in good faith. The Information in this report contains material from other sources. Landsburys Property Pty Ltd has not checked those sources and accepts no responsibility for the accuracy for that information. The information contained in this communication is strictly confidential and intended solely for the use of the recipient/s. If you are not the intended recipient of this information, please delete and notify Landsburys Property Pty Ltd. Intended recipients should not copy or distribute this material without the authority of Landsburys Property Pty Ltd.

Previous Daily Wrap's

 

Research & Advisory

  • Market Demand Studies
  • Highest & Best Use Studies
  • Development Feasibilities
  • Tender Support
  • Product Analysis
  • Distressed Property Evaluations
  • Valuation Evidence Packs
  • Demographic Studies

Valuations

  • First Mortgage Valuations
  • GST Valuations
  • Unit Entitlements
  • Acquisitions
  • Land Tax & Rating
  • Evidence of Value
  • Internal Reporting
  • Stamp Duty