Small businesses are competing on an unequal playing field with shopping centre owners and bigger retail players in negotiating rents, according to the head of the Council of Small Business of Australia (COSBOA).
Investors in Coles Group Limited will today vote on a proposal by chairman, Rick Allert, to enable Wesfarmers to acquire the Group under a Scheme of Arrangement which will see Coles Group shareholders receive cash for their shares, along with shares in the newly-converged Wesfarmers.
The crash in commercial property vacancy rates has the potential to drive rents up, with tightening of capacity occurring to some degree across all Australian states and territories, according to the latest data from the Property Council of Australia.
Bricks and mortar was never cheap as Gerry Harvey has found out. This week, he bemoaned the high renting costs in Australia, which he claims is preventing expansion of his bricks and mortar electronics empire.
Hotels are installing thousands of display screen and in room automation systems in an effort to improve guest comforts lower operating costs and beat the phasing out of traditional CRT analogue TVs. Among the industries benefitting are the display industry and Companies like Control4.
BIS Shrapnel who have recently conducted a review of the Sydney property market claim that Sydney CBD will be one of the few Australian CBD areas to witness commercial property growth over the next 5 years. In the new $10,000 BIS Shrapnel Commercial Property Report, Beverley Taylor Director, Property BIS Shrapnel claims that the last three years have seen the recovery in Sydney's office markets build momentum, with net absorption at its highest level since the late 1980s.