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Bullish DeLutis to go ahead with $70m CBD tower designed by WMK architecture

Colin DeLutis Melbourne based investor/developer DeGroup will embark on a new $70m office building in Melbourne’s CBD despite industry concerns over rising vacancy and a potential hit to post-COVID demand.

National

Markets

Gurner Qualitas announce major entry into multifamily sector with $1 billion 1200 + apartment pipeline

Australian Real Estate Fund Manager Qualitas and multi-billion-dollar developer GURNERTM have announced a partnership to enter the multi-family housing sector and the imminent launch of capital raising for a dedicated Fund for the sector.

New South Wales (NSW)Sydney

Design

A Project with the Public in Mind: COX Win the Botany Road Design Competition

The City of Sydney Jury has chosen COX as the winner of the design excellence competition for 326-328 Botany Road, Alexandria.

News Roundup

https://www.therealestateconversation.com.au/news/2020/04/29/how-much-the-banks-generosity-costing-you/1588121720

How much is the Bank’s generosity costing you?

REINSW CEO Tim McKibbin questions who really is footing the bill when it comes to banks, landlords and tenants.

The Real Estate Conversation

https://www.thehotelconversation.com.au/news/2020/04/23/hotel-investors-still-lookout-amid-covid-19-cbre-survey/1587567615

Hotel investors still on the lookout amid COVID-19 - CBRE Survey

The Australian hotel industry remains cautiously optimistic about medium-term investor appetite amid the COVID-19 pandemic, according to CBRE Research’s latest Hotel Market Survey.

The Hotel Conversation

https://www.thehotelconversation.com.au/news/2020/04/29/strategies-protect-profit-through-covid-19/1588142204

Strategies to protect profit through COVID-19

IDeaS Revenue Solutions Asia Pacific Vice President Rachel Grier outlines the key levers that hoteliers need to consider in order to protect revenue and profits during the downturn.

The Hotel Conversation

https://www.retalkasia.com/news/2020/04/24/economic-impact-covid-19-weighing-heavily-singapore-cbre-survey/1587701778

Economic impact of COVID-19 'weighing heavily' on Singapore - CBRE Survey

CBRE has released the results of the Asia Pacific Occupier Flash Survey, showing the COVID-19 pandemic has had a significant impact on business sentiment in Singapore.

RETalk Asia

https://www.theaseandeveloper.com/news/2020/04/30/its-important-be-conscious-timelines-how-developers-are-adapting-covid-19/1588210194

'It's important to be conscious of timelines': How developers are adapting to Covid-19

Dan Holden, founder of commercial brokerage firm HoldenCAPITAL, outlines where the challenges lie for Australia's developers moving forward.

The ASEAN Developer

https://www.commo.com.au/news/2020/01/09/australian-commercial-market-will-continue-attract-foreign-capital-2020-says-savills

Australian commercial market will continue to attract foreign capital in 2020, says Savills

Savills Australia and New Zealand CEO Paul Craig has outlined the trends set to shape Australia's commercial sector this year.

COMMO