CBRE’s weekly news wrap, featuring the latest commercial and residential real estate stories from around Australia. Whether your interest lies in industrial, retail, office, agricultural or residential property, we’ve got the news that matters, covered.
1)Forecasted growth in house prices rises 10% Urban Developer
Experts at UBS have revised their expected increase in house prices by up to 10% following July’s four-year record spike in new home loan commitments of 5.1%.
2)Australian-founded brand Westfield reaches mainland Europe AFR
Australian-founded shopping centre brand Westfield is set to reach mainland Europe as seven shopping malls are to be rebranded with the Westfield name. Originally founded in Sydney by Frank Lowy, a Czechoslovakian-born entrepreneur, Westfield will now have a presence in France, Poland, Sweden and Czech Republic, as well as the UK and US.
3)CBRE launches Indigenous Centre of Excellence Commo.
CBRE has launched the CBRE Indigenous Centre of Excellence, which aims to increase supply chain diversity and connect Indigenous organisations with business opportunities through CBRE and its client base.
4)R&F Property reaches completion of $500m South Brisbane apartment development Urban Developer
R&F Property has completed the construction of a $500 million residential development comprising 608 apartments across three towers, the tallest of which is 33-storeys. The complex spans an entire South Brisbane block and was built by Hutchinson Builders in 23 months.
5)Trees and green infrastructure could bolster home value by $50k Property Observer
Green infrastructure such as trees, green walls and green roofs may increase the value of a home by up to $50,000. The benefits of green infrastructure include improved air quality, reduced energy bills and improved biodiversity.