Recent decisions by large organisations, Federation Centres and GPT Group, reflect the suggestion that plans to develop air rights and extend retail shopping centres to include residential developments and hotels are becoming increasingly popular. Presenting as a viable opportunity to combine entertainment facilities, food courts, hotels and residential apartments; the expansions appeals to visitors and […]
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Unlocking development potential above shopping centres
Posted date: October 8th 2014 . Author Gregory Preston .
Image source: Sydney Business Park
Demand for industrial space expected for the North West
Posted date: October 7th 2014 . Author Gregory Preston .
After being cited as a ‘growth area’ by the government in the infrastructure plans of the 2014-25 NSW Budget, demand for industrial space in the North West is expected to grow. Recent Preston Rowe Paterson reports suggest there have been significant leases signed to industrial properties over 1,000sqm in the rental market. Macquarie Park emerged […]
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Bid to give first home buyers access to their superannuation
Posted date: August 7th 2014 . Author Gregory Preston .
Nick Xenophon is proposing a new law that will allow first home buyers to use their superannuation to purchase property. Xenophon, a SA independent senator, backs the plan for new home buyers to borrow money from their super accounts to assist in securing a deposit (The Adviser). Suggestions for the government to adopt a similar […]
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Purchasing property as an asset under Self-Managed Super Funds continues to rise
Posted date: June 27th 2014 . Author Gregory Preston .
As a result of the new borrowing guidelines introduced in 2007, purchasing property as an asset under a self-managed super fund (SMSF) has become extremely popular. The ATOs March 2014 figures show an increase of 129,282 SMSFs between June 2009 and March 2014. Self-managed super funds can invest in properties directly or indirectly via property […]
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Image source: NSW Government, Environment & Heritage.
The Environmental Upgrade Agreement
Posted date: June 20th 2014 . Author Gregory Preston .
Preston Rowe Paterson offer a number of sustainability services that assist owners in the Environmental Upgrade Agreement process, which gives existing commercial and industrial owners access to finance for environmental improvements. Activities classified as an upgrade under the EUA include improving energy or water efficiency, reducing waste and greenhouse gas emissions, recycling, pollution prevention or […]
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