Vol 11. No.168
Friday 03 September 2010
Economic Overview
|
Current |
+/- |
Movement |
| $AUS/$US |
90.72 |
+0.62 |
 |
| Cash Rate |
4.50 |
Steady |
 |
| 90 Day Bill |
4.72 |
+0.01 |
|
| 10 Year Bond |
4.818 |
+0.005 |
|
| ASX 200 |
4532.7 |
+37.0 |
|
NSW Property
Westfield to move global headquarters (AFR Pg.52)
- Westfield Group will move their global headquarters to 12,000m² of space over 2 towers at 100 Market Street and 85 Castlereagh Street, Sydney above their new Westfield Sydney City development most likely in mid 2011.
- Westfield will share 100 Market Street with the Australian Securities and Investment Commission and 85 Castlereagh Street with JP Morgan.
- 85% of the 75,000m² of office space is now committed.
- Westfield is building or refurbishing 3 office towers as part of the $1.9 billion Sydney City project. All the towers will be linked above the centre with a sky lobby.
University of Technology Lindfield listing (AFR Pg.53)
- The University of Technology Sydney is to sell a 13.9 ha parcel of land in Lindfield.
- The site has concept plan approval for 345 dwellings.
Queensland Property
Springfield Lakes development site sale (AFR Pg.52)
-
A 2.66 ha ($136/m² or $1,364,662/ha) mixed-use development site within south east Queensland’s Greater Springfield project has been purchased by a private syndicate for $3.63 million.
-
The Springfield Lakes site on Springfield Lakes Boulevard and Viewpoint Drive has development approval for 166 properties ($21,867/dwelling) in addition to shops and offices.
-
The site includes 3 separate titles which will allow for staging of the development.
Peppers Pier Resort, Harvey Bay sales (AFR Pg.53)
-
Receivers have sold 21 holiday units in Peppers Pier Resort, Harvey Bay for prices ranging from $200,000 and $800,000.
-
The units comprise 1, 2 and 3 bedrooms and the sale prices achieved are approximately 30% lower than the asking prices when they were marketed off-the-plan in 2007.
-
A marketing campaign was launched 12 weeks ago and all the units were passed in at auction. After subsequent negotiations the units sold to a mix of owner occupiers and investors.
Brisbane leases (AFR Pg.53)
-
Four leases totalling 2,216m² of space have been renewed at 215 Adelaide Street in Brisbane.
-
Industry resources indicate gross rents in the building range between $400/m² and $525/m².
Sources: As above
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