1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar

Property News

Melbourne, Brisbane and Perth office space 'appealing'

December 01, 2011

AMP Capital will focus on acquiring office and industrial property and will redevelop its existing retail assets as part of its investment strategy in the current economy.

According to Andrew Bird, AMP Capital chief investment officer, the two-speed economy is making office spaces more attractive particularly in Perth and Brisbane as the resource sector continues to perform, Money Management reports.

He also mentioned that the general soundness of the Victorian economy also make Melbourne a viable investment option.

And it would seem that AMP Capital is not the only commercial property investor that takes this view.

The Australian estimated last week that $550 million dollars of deals involving office space would go through by the end of November and the Property Review used the words ''mother of all booms'' to describe the coming situation in the Perth office space market.


Related Articles

Roaring demand makes outer suburbs perfect places to sell your property

Melbourne's outer suburbs are becoming hot spots to buy property, whether to own or invest, ...
read more

Slice of shopping heaven planned for Melbourne suburbs

Residents of Melbourne's southeastern suburbs are due to have their shopping horizons ...
read more

$9.3 million allocated for Melbourne growth areas

The new Community Infrastructure Fund will provide $9.3 million for 14 projects in Melbourne's ...
read more

Latest Articles

Home equity: Are you using it to your advantage?

Research released late last month has found just 11 per cent of homeowners are looking to use their ...
read more

Rising capital city values recorded over the last 12 months

The latest RP Data-Rismark June Hedonic Home Value Index has highlighted the rising strength ...
read more

Former industrial precincts to become residential hubs

The New South Wales government has announced plans to turn two former industrial areas in north ...
read more