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Australian Office Investment Review & Outlook 2019
Australian Office Investment Review & Outlook 2019 Table of contents 03 Executive summary 04 What were the key observations from 2018? 09 What industry sectors will contribute to growth in 2019? 16 Should we be concerned by the supply-side of the equation? 18 How do we assess the relative value of office markets? 24 Will AUD volatility have an impact on investment flows? 27 Is it time to allocate more resources to exploring markets outside of Sydney and Melbourne? 28 Outlook 30 Summary of Major Transactions 2 Office Investment Review & Outlook 2019 Executive Summary Transaction volumes surpass AUD 19 billion for New development activity is pre-commitment the first time on record: The Australian office sector led: Developers have remained risk averse and recorded AUD 19.53 billion of transaction volumes in 2018 typically looked to secure healthy levels of pre- – the highest figure on record. Volumes were supported commitment prior to starting construction. We by the acquisition of Investa Office Fund (IOF) by Oxford have observed an inverse relationship between Properties for AUD3.4 billion. However, the number of office prime grade vacancy and the development transactions was lower than previous years with pipeline. Office markets with low prime grade the top 10 office transactions representing 43.9% of total vacancy are experiencing higher levels of new volume in 2018. development activity. AUD volatility could stimulate investment activity: The relative Offshore divestment hit a record value of the AUD is influenced by high: Offshore capital sources interest rate differentials, GDP growth remained active participants in the and commodity prices. -
AUIP Itinerary
Itinerary for PSU SOVA 2021 Social and Cultural Explorations in the Visual Arts: in Sydney, Australia 13 July 2021 - 24 July 2021 Tuesday 13 July Day 1: Sydney 8:50 AM Group flight arrives 9:30 AM Welcome to Sydney Your guide for today’s walking tour will greet you upon arrival at the airport with a sign that reads "PENN STATE UNIVERSITY." Please meet at Exit A at the northern end of the terminal. If you miss your flight and will be arriving late, please contact your faculty leader, Dr. Angela Rothrock (Phone: 011 61 420 675 797 or Email: [email protected]), to let her know when you will be arriving. You will then be responsible for making your own way from the airport to the accommodation. Please notify your family of your safe arrival. 10:15 AM Depart by coach to Travelodge Sydney (travel time approximately 30 minutes) Please store your luggage at Travelodge Sydney. You will be able to check in after 3:30 PM. Please notify hotel staff of any valuables (laptop computers, jewellery, electronics, etc.) and they can lock them in a secure room for you. 11:10 AM Depart by coach to The Rocks historic neighborhood (travel time approximately 20 minutes) 11:30 AM Guided walking tour of The Rocks Your guide will provide you with a detailed history of The Rocks as you visit sites of interest in the area. Topics include Aboriginal history and culture, Australia’s history as a convict penal colony, the start of European migration to Australia and Sydney landmarks. -
Renewal Ultimo Historical Walking Tour
historical walking tours RENEWAL ULTIMO Historical Walking Tour Front Cover Image: Tram passing Sydney Technical College, 1950s (Photograph: City of Sydney Archives) ultimo Then the landscape was remade by sandstone ntil 1850, Ultimo was semi-rural, quarrying on Ultimo’s western edge and by the with cornfields and cow paddocks. construction of a railway and goods yard on its Members of the Gadigal people still eastern shoreline. The suburb became crowded harvested cockles on its foreshores. with factories, woolstores and workers’ housing. Today it has a new identity as a cultural precinct as industrial sites are adapted for entertainment and education. This tour of Ultimo starts in greyness and ends in the technicolour of Darling Harbour. Sydney’s PLEASE ALLOW 1½ – 2 hours for this tour. WHY ULTIMO? history Begin the walk at The story of Ultimo began with a court case is all around us. Railway Square outside the and a joke. In the 1800s, Governor King was Our walking tours will lead you Marcus Clark Building (1). engaged in a power struggle with officers on a journey of discovery from of the NSW Corps. Surgeon John Harris early Aboriginal life through to of the Corps supported him, and became contemporary Sydney. so unpopular with his colleagues that he was court-martialled in 1803. But Harris escaped conviction because the charge stated he had committed an offence on the “19th ultimo” (last month) instead of “19th instant” (this month). When Governor King rewarded Harris with land grants, he Clover Moore MP celebrated the technicality by calling his Lord Mayor of Sydney estate Ultimo. -
Shelter NSW Submission Rapid Assessment Framework NSW Department of Planning, Industry, and Environment Date 12.2.2021
Shelter NSW Submission Rapid Assessment Framework NSW Department of Planning, Industry, and Environment Date 12.2.2021 Introduction Shelter NSW appreciates the opportunity to comment on the Department of Planning, Industry, and Environment (DPIE), proposed Rapid Assessment Framework. Shelter NSW supports the Government’s objective to provide clear guidance and increase the efficiency and transparency of the assessment process for a major project while also improving community engagement standards. Shelter NSW’s submission responds to the growing demand for the NSW planning system to deliver on its promise of a more equitable city, and this includes the capacity to deliver affordable rental housing in one of the most expensive housing markets in the world. An objective of the Environmental Planning and Assessment Act 1979 (d) is to promote the delivery and maintenance of affordable housing. However, there is a growing acknowledgment that a key barrier in meeting this objective and addressing both housing need and affordability is the expanding complexities of the planning system, various legislation, policy and public authorities. Shelter NSW has provided feedback on the proposed changes and associated documentation in the Rapid Assessment Framework package. This feedback is informed by Shelter NSW's involvement with community organisations who are engaged with several ‘State Significant Development’ (SSD) housing projects and associated community engagement initiatives which do not support the delivery of an equitable and sustainable city. We hope these insights help the Government in meeting its overall goals, while also addressing some of the current system failures. About Shelter NSW Shelter NSW has operated since 1975 as the NSW State peak housing policy and advocacy body. -
Conservation Management Plan
3.4. HISTORICAL TIMELINE The following tables contains a chronology of significant events in the history of the site and the subject building as summarised from Sections 3.2 and 3.3 and building/development application information drawn from the City of Sydney Planning Cards. The development of the site can generally be separated into four phases of development, as follows: 1. New Belmore Market 1893 - 1913 2. Wirths Hippodrome 1914 – 1926 3. Capitol Theatre 1927 – 1991 4. Restored Capitol Theatre 1992 – Present Table 4 – Historical Timeline Date Event 1866 Construction of Belmore Markets begins on a site bounded by Castlereagh, Hay, Pitt and Campbell. 1869 Belmore Markets opens on 14 May. Phase 1: New Belmore Markets 1893 Second Belmore Markets (Capitol site) open. Used for theatrical and circus performances on Saturday nights. 1910 Council decides that the Tivoli and Capitol (two theatres) would be erected on the sites of the old and new Belmore Markets. 1912 Wirth Bros takes a 10-week lease on the new Belmore Theatre for a ‘circus and hippodrome’. The council claimed the auditorium could be used as hippodrome, circus, theatre, opera house, concert hall, vaudeville entertainment hall or for photo plays (early silent motion pictures). Phase 2: Wirths Hippodrome 1914-1915 Belmore Markets dismantled and re-erected as the Hippodrome – home of Wirths Circus in Australia. The detail of the market walls was erected 10 metres higher. 1916 On April 3, Wirths Circus and Hippodrome opens – the largest theatre in Australia. The 13-metre ring in front of the proscenium arch had a hydraulically operated floor which dropped to fill with water for aquatic events. -
City of Sydney 2018
Tourist Accommodation Register TA category Historic Property Establishment name & location Key type & No Original Building & other Pre-TA uses AR Dates & Ages Prior history TARC : Current : City of Sydney 2018 & type Records Street TA TA TAC VAM LAB Sands LC ANU Key HT PB SA BP Original Use AR TAC Pre-AR AR Establishment Name Main Street Name Other Street frontages Suburb PC V Built Pre-TA uses Building(s) demolishd Other TA idenitities No Cat Type Type 2016 1986 1933 Plans T&C type Rooms Rooms Units Beds sector Type Date Date Age Age 2019 ARB : Adaptive Reuse Backpacker hostels 790 on George St 790-798 George St Rawson St (1-9) & Rawson Lane Haymarket 2000 2 AR BP 69 x Beds 281 1914 Commercial Office Building (Station House ) 2007 93 12 Asylum Sydney 201-203 Brougham St Woolloomooloo 2011 8 AR BP 159 x Beds 92 1848 Residential 2 terrace houses 1988 140 31 1990 Backpacker to Boarding House Base Backpackers 477-481 Kent St Sydney 2000 1 AR BP 9 x Beds 492 1917 Industrial Warehouse & offices (Civic House) 2001 84 18 Wanderers on Kent Big Hostel 212-214 Elizabeth St Blackburn St Surry Hills 2010 3 AR BP 115 x Beds 137 1918 Commercial Offices (Anker House) 2002 84 17 Residence ( Craigholme ), Boarding House Blue Parrot Backpackers 87 Macleay St Potts Point 2011 8 AR BP 173 x Beds 50 1891 Residential 2001 110 18 (queried by some locals), Shops & Restaurant Film exchange ( MGM); dental school. Part of Bounce Sydney 20-28 Chalmers St Randle Lane Surry Hills 2010 3 AR BP 113 x Beds 163 1933 Miscellaneous 2010 77 9 dental hospital Casa Central -
Industrial and Warehouse Buildings Study Report
REPORT ON CITY OF SYDNEY INDUSTRIAL & WAREHOUSE BUILDINGS HERITAGE STUDY FOR THE CITY OF SYDNEY OCTOBER 2014 FINAL VOLUME 1 Eveready batteries, 1937 (Source: Source: SLNSW hood_08774h) Joseph Lucas, (Aust.) Pty Ltd Shea's Creek 2013 (Source: City Plan Heritage) (Source: Building: Light Engineering, Dec 24 1955) VOLUME 1 CITY OF SYDNEY INDUSTRIAL & WAREHOUSE BUILDINGS HERITAGE STUDY FINAL REPORT Job No/ Description Prepared By/ Reviewed by Approved by Document of Issue Date Project Director No Manager/Director FS & KD 13-070 Draft 22/01/2014 KD/24/01/2014 13-070 Final Draft KD/17/04/2014 KD/22/04/2014 13-070 Final Draft 2 KD/13/06/2014 KD/16/06/2014 13-070 Final KD/03/09/2014 KD/05/09/2014 13-070 Final 2 KD/13/10/2014 KD/13/10/2014 Name: Kerime Danis Date: 13/10/2014 Note: This document is preliminary unless it is approved by the Director of City Plan Heritage CITY PLAN HERITAGE FINAL 1 OCTOBER 2014 / H-13070 VOLUME 1 CITY OF SYDNEY INDUSTRIAL & WAREHOUSE BUILDINGS HERITAGE STUDY FINAL REPORT TABLE OF CONTENTS VOLUME 1 – REPORT Executive summary ........................................................................................................................ 4 1.0 About this study................................................................................................................... 6 1.1 Background ........................................................................................................................ 6 1.2 Purpose ............................................................................................................................. -
Charter Hall Property Portfolio
CHARTER HALL PROPERTY PORTFOLIO Charter Hall Property Portfolio Period ending 30 June 2019 2 Market Street, Sydney NSW 10 Shelley Street, Sydney NSW CHARTER HALL 1 PROPERTY PORTFOLIO $30.4 b Funds Under Management 844 3.4% Number of Weighted Average Properties Rent Review (WARR) 97.9% 8.2 years Occupancy Weighted Average Lease Expiry (WALE) Richlands Distribution Facility, QLD CHARTER HALL 2 PROPERTY PORTFOLIO CONTENTS CHARTER HALL GROUP 3 OUR FUNDS, PARTNERSHIPS & MANDATES 5 OFFICE 7 CHARTER HALL PRIME OFFICE FUND (CPOF) 8 CHARTER HALL OFFICE TRUST (CHOT) 24 OFFICE MANDATES AND PARTNERSHIPS 32 CHARTER HALL DIRECT OFFICE FUND (DOF) 36 CHARTER HALL DIRECT PFA FUND (PFA) 47 INDUSTRIAL 57 CHARTER HALL PRIME INDUSTRIAL FUND (CPIF) 58 CORE LOGISTICS PARTNERSHIP (CLP) 95 CHARTER HALL DIRECT INDUSTRIAL FUND NO.2 (DIF2) 98 CHARTER HALL DIRECT INDUSTRIAL FUND NO.3 (DIF3) 106 CHARTER HALL DIRECT INDUSTRIAL FUND NO.4 (DIF4) 114 CHARTER HALL DIRECT CDC TRUST (CHIF12) 121 RETAIL 123 CHARTER HALL PRIME RETAIL FUND (CPRF) 124 CHARTER HALL RETAIL REIT (CQR) 127 RETAIL PARTNERSHIP NO.1 (RP1) 137 RETAIL PARTNERSHIP NO.2 (RP2) 141 RETAIL PARTNERSHIP NO.6 (RP6) 143 LONG WALE HARDWARE PARTNERSHIP (LWHP) 145 LONG WALE INVESTMENT PARTNERSHIP (LWIP) 150 LONG WALE INVESTMENT PARTNERSHIP NO.2 (LWIP2) 152 CHARTER HALL DIRECT BW TRUST (CHIF11) 153 CHARTER HALL DIRECT AUTOMOTIVE TRUST (DAT) 154 CHARTER HALL DIRECT AUTOMOTIVE TRUST NO.2 (DAT2) 157 DIVERSIFIED 161 CHARTER HALL LONG WALE REIT (CLW) 162 DVP 184 DIVERSIFIED CONSUMER STAPLES FUND (DCSF) 185 SOCIAL INFRASTRUCTURE 194 CHARTER HALL EDUCATION TRUST (CQE) 195 CHARTER HALL CIB FUND (CIB) 215 INDEX 216 FURTHER INFORMATION 228 Gateway Plaza, VIC CHARTER HALL 3 PROPERTY PORTFOLIO Charter Hall Group (ASX:CHC) With over 28 years’ experience in property investment and funds management, we’re one of Australia’s leading fully integrated property groups. -
Space For: Going Places
Space for: going places CITY WEST OFFICE PARK 33–35 SAUNDERS STREET, PYRMONT, NSW OVERVIEW 2 Premium office space in a prime location Position your business in premium office space, among high profile brands in the thriving Pyrmont precinct. Centrally located on Saunders Street, City West Office Park offers the unique combination of high quality, modern office space within close proximity to a range of entertainment and dining options. The estate is the location of choice for high profile brands, including Network Ten, Nova 96.9, 9Radio, UNICEF, National Film and Restaurant Brands Australia. Pyrmont has emerged as a thriving media and technology hub, attracting leading brands, including Google, OMD Worldwide, BMF Australia and IBM. VIEW FROM ABOVE 3 Sydney CBD North Sydney Barangaroo King Street Wharf The Star City West Office Park Western Distributor FISH MARKET LIGHT RAIL STATION Sydney Fish Market Anzac Bridge LOCATION 4 Superior connectivity City West Office Park offers convenient access to the CBD, Sydney Airport and local amenities, with major bus routes, Sydney Light Rail and Sydney ferry terminals within walking distance of the estate. Vehicles accessing the estate will benefit from close proximity to City West Link and the Western Distributor, offering convenient Light Rail, buses and connections to greater Sydney. motorways offer superior connections to the CBD and greater Sydney CENTR ALLY CONNECTED 200M 900M 14.7KM to light rail to City West to Sydney 100M 900M Link 2.6KM Airport to bus stop to ferry terminal to Sydney CBD -
Pyrmont Peninsula Social Infrastructure Assessment 113 Galleries and Museums Creative Arts Centres & Production Spaces
PART D Pyrmont Peninsula Place Strategy, Social infrastructure assessment Department of Planning, Industry and Environment July 2020 Part 5 Gap analysis and Action Plan 112 Cred Consulting 11. Issues and gaps (needs summary) This section summarises overall early needs and opportunities for the Pyrmont Peninsula resulting from initial analysis. Early identified Social infrastructure opportunities for the Pyrmont Peninsula (based on initial population benchmarking alone) by 2041 are: 11.1. Issues and gaps community and Libraries cultural facilities • Based on current gap and forecast resident and worker growth across the Pyrmont Peninsula, there is a forecast Below is a summary of the gaps and opportunities relating to gap of more than 3,000m2 of library floor space. Given the all community and cultural facility types audit, benchmarked constrained land area, a new library may not be possible, and assessed in Parts 3 and 4. These gaps and opportunities however, opportunities to address this gap include: inform the Action Plan in Section 11.3. • Realisation of new library floor space of at least 3,500m2 by 2041 dependent on availability of space. If a new Community centres/venues for hire building is not possible improved active transport connections to Darling Quarter Library or increased floor With the City’s Utimo and Pyrmont Community • space at Ultimo Community Centre should be considered. Centres, there is sufficient community centre floor There are opportunities to deliver this in alternate ways space to support the current and forecast population such as partnering with the knowledge and industry sector of the Pyrmont Peninsula. However, there is walkable in the Peninsula (e.g. -
6.0 Bibliography
753 6.0 Bibliography 6.1 Primary Sources 1828 Census, National Archives Copy, HO 10/25. Barker papers A 5398/3, No. 73, Schedule of deeds 14 March 1851 (Mitchell Library). Historical Indexes, NSW Registry of Births, Deaths & Marriages, Attorney General & Justice. Available at http://www.bdm.nsw.gov.au/familyHistory/searchHistoricalRecords.htm [accessed 9/07/2013]. [House of Commons] 1842 Report from the Select Committee on the Improvement of the Health of Towns, (Interment of Bodies), [Communicated by the Commons to the Lords], Ordered to be printed 4th August 1842. Available at http://books.google.com.au/books?id=YRBcAAAAQAAJ &dq=lime%20burials&pg=RA1-PR1#v=onepage&q&f=false [accessed 18/11/2013]. Levey, S. 1794-1846 Solomon Levey estate papers A 5541, No. 1, Deed of copartnership between Daniel Cooper and Solomon Levey, Merchants, 5 May 1826, W. C. Wentworth (Mitchell Library). Available at http://www.sl.nsw.gov.au/discover_collections/society_art/jewish/business/levey/index.ht ml [accessed 27/02/2012]. 6.1.1 City of Sydney Archives City of Sydney Rate Assessment Books, 1845-1948. City of Sydney Archives. Available at http://photosau.com.au/CosRates/scripts/home.asp. City Surveyor’s Office, Minute Paper, 17th March, 1919, CRS 34/149/19:1. 6.1.2 Land & Property Information Bk 7 No. 844 dated 1844 Bk 10 No. 643 Bk 11 No 420 Conveyance dated 16 June 1827. Bk 12 No. 944 Bk 13 No. 201 Bk 28 No. 191 dated 1 July 1853 Bk 41 No. 67 Conveyance dated 30 November 1855. Bk 71 No. -
State Heritage I Inventory Project D
I I I I I I I :1 PYRMONT POINT PRECINCT I Archaeological and Heritage Assessment ,I Report prepared for I Property Services Group I Godden Mackay Pty Ltd I Howard Tanner and Associates Pty Ltd I I March 1993 I I I 'I ;1 ·1 :1. , ~ :1 I I I I CONTENTS Page I 1.0 EXECUTIVE SUMMARY 1 1.1 Context of the Report 1 1.2 Objectives 1 I 1.3 Historical Context 1 1.4 Heritage Resources 2 1.5 Statutory Controls 3 I 1.6 Management Recommendations 3 2.0 INTRODUCTION 5 2.1 Background 5 I 2.2 Study Area 5 2.3 Author Identification 6 2.4 Methodology 6 I 2.5 Umitations 6 3.0 HISTORIC CONTEXT 8 I 3.1 The Development of Pyrmont 8 3.2 1788 - 1840 Early Settlement and the Macarthurs 9 3.3 Subdivision, Settlement and Community (1840 - 1910) 11 3.4 Reconstructing the Point: Port Wharfage (1910 -1970) 13 I 3.5 Derelict, Demolished, Developed (1970 - 1992) 14 I 4.0 LANDSCAPE 31 5.0 BUILT ENVIRONMENT 33 I 6.0 ARCHAEOLOGICAL RESOURCES 36 6.1 Preamble 36 6.2 The Value ofArchaeological Material 37 I 6.3 Existing Information 37 6.4 Potential Historical Archaeological Sites 38 6.5 Significance 39 I 6.6 Procedures 40 I I I I I I I I I I CONTENTS Page 7.0 ASSESSMENT OF SIGNIFICANT ITEMS 42 I 7.1 Recording Methodology 42 7.2 Basis for Assessment of Significance 42 7.3 Contribution to the Overall Significance of Pyrmont 45 I 7.4 Results 46 7.4.1 Heritage Items Recommendedfor the Retention, Conservation and Inclusion on the Heritage Schedule I ofREP 26 46 7.4.2 Items Which Contribute to the Overall Signifcance ofPyrmont 47 7.5 Review of Specific Items, with Reference to the