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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. -
Bays Community Coalition (Bacc) Comprises Community Representatives from Suburbs Surrounding the Bays - Annandale, Balmain, Glebe, Pyrmont, Rozelle, White Bay &Ultimo
BaCC’s Submission – March 2017 Bays Community Coalition (BaCC) comprises community representatives from suburbs surrounding the Bays - Annandale, Balmain, Glebe, Pyrmont, Rozelle, White Bay &Ultimo. Subject: GSC’s Draft Central District Plan - November 2016 BaCC’s Submission – 31st March 2017 Page 1 BaCC’s Submission – March 2017 Table of Contents 1. Executive Summary ........................................................................................................................ 4 2. Preamble ......................................................................................................................................... 5 3. Draft Plan – Comments, Recommendations & Questions ............................................................ 5 1. Chief Commissioner’s Foreword ................................................................................................ 5 2. Our Vision ................................................................................................................................... 6 3. Productive City ........................................................................................................................... 7 4. Liveable City ................................................................................................................................ 8 5. The Liveable Framework .......................................................................................................... 10 6. The Central District’s People ................................................................................................... -
109. M4-M5 EIS Vol 2I App T Groundwater Part 1
M4-M5 Link Environmental Impact Statement August 2017 Appendix T Volume 2I Since finalisation of the Environmental Impact Statement, the project has been declared by Ministerial Order to be State significant infrastructure and critical State significant infrastructure under sections 115U (4) and 115V of the Environmental Planning and Assessment Act 1979. The Ministerial Order also amended Schedule 5 of State Environmental Planning Policy (State and Regional Development) 2011. The project remains subject to assessment under Part 5.1 of the Environmental Planning and Assessment Act 1979 and requires the approval of the Minister for Planning. WestConnex speaks your language Greek Learn more by visiting µ www.westconnex.com.au/yourlanguage www.westconnex.com.au/yourlanguage to watch project videos in your language and read more about WestConnex. If you need an interpreter, call the Translating WestConnex. µ , µ 131 450. and Interpreting Service on 131 450. Italian Arabic Per saperne di più visiti il sito www.westconnex.com.au/yourlanguage www.westconnex.com.au/yourlanguage, dove potrà guardare i video del progetto in lingua italiana e trovare maggiori informazioni su WestConnex. Se ha bisogno di un interprete, contatti il Servizio di Traduzione ed Interpretariato (Translating ł ł .131 450 and Interpreting Service) al numero 131 450. Chinese Korean 了解詳情請上網 www.westconnex.com.au/yourlanguage 를 방문하여한국어로 www.westconnex.com.au/yourlanguage觀看(普通話) 된 프로젝트 비디오를 보고 WestConnex 에 관해 읽고 배우세요. 視頻, 並 查閱有關WestConnex的更多訊息。如需要傳譯員請 통역이 필요하시면 번역 및 통역 서비스 131 450 (TIS) 으로 전화 。。 撥電話傳譯服務 131 450 하십시오. Hindi Vietnamese : Hãy tìm hi u thêm và vi ng trang m ng www.westconnex.com.au/yourlanguage ( ) www.westconnex.com.au/yourlanguage xem phim nh b ng Vi t ng v công trình này và c thêm v WestConnex. -
Western Sydney Airport Fast Train – Discussion Paper
Western Sydney Airport Fast 2 March 2016 Train - Discussion Paper Reference: 250187 Parramatta City Council & Sydney Business Chamber - Western Sydney Document control record Document prepared by: Aurecon Australasia Pty Ltd ABN 54 005 139 873 Australia T +61 2 9465 5599 F +61 2 9465 5598 E [email protected] W aurecongroup.com A person using Aurecon documents or data accepts the risk of: a) Using the documents or data in electronic form without requesting and checking them for accuracy against the original hard copy version. b) Using the documents or data for any purpose not agreed to in writing by Aurecon. Disclaimer This report has been prepared by Aurecon at the request of the Client exclusively for the use of the Client. The report is a report scoped in accordance with instructions given by or on behalf of Client. The report may not address issues which would need to be addressed with a third party if that party’s particular circumstances, requirements and experience with such reports were known and may make assumptions about matters of which a third party is not aware. Aurecon therefore does not assume responsibility for the use of, or reliance on, the report by any third party and the use of, or reliance on, the report by any third party is at the risk of that party. Project 250187 DRAFT REPORT: NOT FORMALLY ENDORSED BY PARRAMATTA CITY COUNCIL Parramatta Fast Train Discussion Paper FINAL DRAFT B to Client 2 March.docx 2 March 2016 Western Sydney Airport Fast Train - Discussion Paper Date 2 March 2016 Reference 250187 Aurecon -
Submission on the Bays Precinct Report on Consultation
SUBMISSION ON THE BAYS PRECINCT REPORT ON CONSULTATION FEBRUARY 2011 SUBMISSION ON THE BAYS PRECINCT Infrastructure Partnerships Australia is REPORT ON CONSULTATION 2011 a national forum, comprising public and private sector CEO M embers, advocating the public policy interests of Australia’s infrastructure industry . FOR MORE INFORMATION PLEASE CONTACT: BRENDAN LYON ERIC MILLER CHIEF EXECUTIVE OFFICER TRANSPORT POLICY OFFICER INFRASTRUCTURE PARTNERSHIPS AUSTRALIA INFRASTRUCTURE PARTNERSHIPS AUSTRALIA Level 8, 8-10 Loftus Street, Sydney NSW 2000 Level 8, 8-10 Loftus Street, Sydney NSW 2000 PO Box R1804, Royal Exchange NSW 1225 PO Box R1804, Royal Exchange NSW 1225 P | 02 9240 2051 P | 02 9240 2062 E | [email protected] E | [email protected] SUBMISSION ON THE BAYS PRECINCT REPORT ON CONSULTATION 2011 EXECUTIVE SUMMARY Infrastructure Partnerships Australia (IPA) is pleased to provide this submission to Sydney Harbour Foreshore Authority in response to ‘Report on Outcomes: Stage 1 Consultation Process February 2011’. IPA supports the planning principles that have resulted from the first phase of consultation on the Bays Precinct and looks forward to seeing them implemented during Stage 2 and into the future. IPA particularly supports the position on the Rozelle Rail Yards – the yards should remain reserved for future transport infrastructure is vital to Sydney’s future public transport provision. Much of the Bays Precinct will be utilised for mixed land-use such as residential, commercial and open space. However, the decision to set aside potential transport and infrastructure corridors and bases, including the rail yards at Rozelle and possible ferry infrastructure at White Bay and Glebe Island, demonstrates a coordinated strategic approach to land-use planning - an approach that has been lacking in NSW’s recent history. -
Sydney Harbour a Systematic Review of the Science 2014
Sydney Harbour A systematic review of the science 2014 Sydney Institute of Marine Science Technical Report The Sydney Harbour Research Program © Sydney Institute of Marine Science, 2014 This publication is copyright. You may download, display, print and reproduce this material provided that the wording is reproduced exactly, the source is acknowledged, and the copyright, update address and disclaimer notice are retained. Disclaimer The authors of this report are members of the Sydney Harbour Research Program at the Sydney Institute of Marine Science and represent various universities, research institutions and government agencies. The views presented in this report do not necessarily reflect the views of The Sydney Institute of Marine Science or the authors other affiliated institutions listed below. This report is a review of other literature written by third parties. Neither the Sydney Institute of Marine Science or the affiliated institutions take responsibility for the accuracy, currency, reliability, and correctness of any information included in this report provided in third party sources. Recommended Citation Hedge L.H., Johnston E.L., Ayoung S.T., Birch G.F., Booth D.J., Creese R.G., Doblin M.A., Figueira W.F., Gribben P.E., Hutchings P.A., Mayer Pinto M, Marzinelli E.M., Pritchard T.R., Roughan M., Steinberg P.D., 2013, Sydney Harbour: A systematic review of the science, Sydney Institute of Marine Science, Sydney, Australia. National Library of Australia Cataloging-in-Publication entry ISBN: 978-0-646-91493-0 Publisher: The Sydney Institute of Marine Science, Sydney, New South Wales, Australia Available on the internet from www.sims.org.au For further information please contact: SIMS, Building 19, Chowder Bay Road, Mosman NSW 2088 Australia T: +61 2 9435 4600 F: +61 2 9969 8664 www.sims.org.au ABN 84117222063 Cover Photo | Mike Banert North Head The light was changing every minute. -
Glebe Society Bulletin 3/2010
Harold Park and Heritage Tramsheds Building a community campaign The Glebe Society is now able to say it has a strong and widely sup- ported community posi- tion on acceptable de- velopment for the Har- old Park and Tramsheds 3/2010 April/May 3/2010 site. This is set out in a resolution (see page 2) which rejects the pro- posal put forward by Just a few of the 200 people at St Scholastica’s. Photo: Phil Young the Government Archi- tect’s Office (GAO) in February and proposes, I accepted an invitation from Jamie Parker to instead, 15 principles designed to address speak at a public meeting held by the Greens at widespread concerns with that proposal. These Forest Lodge School on 12 April. This meet- principles establish a bottom line from which ing also had a very respectable attendance of we will assess future proposals and around around 130 residents. I distributed copies of which we will campaign as hard, and as long, the Glebe Society resolution and highlighted as is necessary. some of the most significant issues. Again, it was a very constructive meeting with a high de- Because the future development of the Harold gree of consensus emerging on core issues. The Park and Tramsheds site is of such importance Greens announced a set of six principles they to our community and to the City, we wanted wanted adopted by Sydney Council. As these a robust and inclusive process through which were all covered by the broader Glebe Society we could develop a credible response to the resolution, Jamie Parker moved that GAO proposal. -
Sydney Harbour Superyacht Guidelines
Sydney Harbour superyacht guidelines Guidelines for Masters operating Superyachts on Sydney Harbour Contents Executive Summary 1 Qualifications and registration 9 Port procedures 2 Boat licences and certificates of competency 9 Directions for navigation 2 Registration of vessels 9 Directions and regulations to be observed 2 Protected animals 10 Required charts 2 Approach distances 10 Port services 2 Speed 10 Pilotage requirements 2 Approach directions 10 Wind and weather 3 Action if a marine mammal approaches 11 Port Authority of NSW Vessel Traffic Service 3 Communications 11 Pilot boarding place 3 VHF channels 11 Sydney Harbour – general considerations 3 Important contact details 11 General 3 Useful websites 12 Speed limits 3 Photographs 13 Speed restricted areas 4 Anzac Bridge 13 Conduct within Sydney Harbour 7 Rozelle Bay Superyacht Marina 13 Prohibited areas for general navigation 7 Campbells Cove 14 General 7 Sydney Cove – Circular Quay 15 Restricted access areas 7 Fort Denison 15 Collision or incident reports 8 Garden Island Naval Base 15 Berthing at commercial wharves 8 Walsh Bay 16 Pollution, nuisance or danger 8 Sydney Harbour Bridge 17 Marine Pollution Act 1987 8 Jones Bay Wharf, Pyrmont 17 Pump-out facilities 8 Kirribilli Point 17 Garbage 9 Anzac Bridge 18 Causing of nuisance or danger 9 Glebe Island Bridge 18 Farm Cove 18 Wind frequency analyses 19 FRONT COVER PHOTO: ANDREA FRANCOLINI Executive Summary Welcome to Sydney. The aim of these guidelines is to assist superyacht masters Superyachts are free to enter and move around with their preparations for a visit to Sydney Harbour and to Sydney Harbour subject to compliance with the provide a reference document during the visit. -
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. -
THE MAKING of the NEWCASTLE INDUSTRIAL HUB 1915 to 1950
THE MAKING OF THE NEWCASTLE INDUSTRIAL HUB 1915 to 1950 Robert Martin Kear M.Bus. (University of Southern Queensland) A thesis submitted in fulfilment of the requirements for the degree of a Master of Philosophy in History January 2018 This research was supported by an Australian Government Research Training Program (RTP) Scholarship STATEMENT OF ORIGINALITY I hereby certify that the work embodied in the thesis is my own work, conducted under normal supervision. The thesis contains no material which has been accepted, or is being examined, for the award of any other degree or diploma in any other university or other tertiary institution and, to the best of my knowledge and belief, contains no material previously published or written by another person, except where due reference has been made in the text. I give consent to the final version of my thesis being made available worldwide when deposited in the University’s Digital Repository, subject to the provisions of the Copyright Act 1968 and any approved embargo. Robert Kear ii ABSTRACT Aim of this Thesis The aim of this thesis is to chart the formation of the Newcastle Industrial Hub and to identify the men who controlled it, in its journey from Australian regional obscurity before 1915, to be the core of Australian steel manufacturing and technological development by 1950. This will be achieved through an examination of the progressive and consistent application of strategic direction and the adoption of manufacturing technologies that progressively lowered the manufacturing cost of steel. This thesis will also argue that, coupled with tariff and purchasing preferences assistance, received from all levels of government, the provision of integrated logistic support services from Newcastle’s public utilities and education services underpinned its successful commercial development. -
The Creation of Jubilee Park and Its Oval. by Max Solling The
The Creation of Jubilee Park and its Oval. by Max Solling The configuration of the Glebe waterfront was altered during the nineteenth century by extensive reclamation. Johnston’s Creek, which began in Stanmore, and Orphan School Creek with its source on the University ridges, ran down through Glebe. Tidal swamps fringed with mangroves extended along these creeks before they emptied into Rozelle Bay. In 1878 the proprietors of Toxteth Park were reportedly carrying out reclamation work along Johnston’s Creek in 1878. 1 As Glebe was filling up with houses, in December 1886 ratepayers at a public meeting urged the government to resume Allen’s Glen for the purposes of public recreation.2 William Pritchard, former Leichhardt councillor, referred to the area in 1891 as “North Annandale a few years ago known as the stinkpot, a reputation earned for it by the horrible stenches and miasma that came from the mangrove swamps” near the head of Rozelle Bay. The Sydney Freehold Land Building and Investment Company, both owner and financier of development of North Annandale Estate, had then begun reclaiming the swampy land, as did the Allen family who owned the other side of Johnston’s Creek.3 Francis Abigail MLA urged Henry Parkes MLA and Premier to have swamp reclamation works carried out.4 The Public Works Department thus began construction in 1893 of a ballast dyke from the mouth of White’s Creek to Glebe Point. A government dredge, the ‘Groper’, cut up the clay with rotating knives below. A vertical suction pipe was used to pump the dredged sediment half a mile, to be discharged behind the stone dyke.