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Fortis secures planning approvals for $170 million Woollahra project

Fortis has secured a significant DA approval for a premium residential project in Woollahra. The deal marks the largest ever land consolidation in Woollahra and now the largest privately held parcel of land in the suburb.

New South Wales (NSW)

Properties

Featured Property

Tweed River Northern NSW redevelopment site for sale - REAL Specialists Commercial

Suitable for a variety of businesses, the mixed use site at 17 Terrace Street Chinderah is located 15 minutes’ drive from Gold Coast International Airport. For sale by Darren Jones and Matt Luff of REAL Specialists Commercial.

Victoria (Vic.)Melbourne

Properties

Mornington development site sold under the hammer to Melbourne developer by Stonebridge Property Group

301-303 Main Street Mornington sold after a competitive onsite auction by Stonebridge Property Group’s Rorey James, Jacob Biviano and Chao Zhang.

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