MOMENTUM in the petrol station asset class is growing, as Caltex reaps $136 million from the sale of 25 sites across the country – the bulk going to Woolworths and Oliver Hume – which will way for retail and residential developments. Woolworths is believed to have picked up 10 of the sites, and Oliver Hume is understood to have purchased 12 on behalf of an Asia-based investor. The remaining…

CONTINUED demand from offshore investors will further compress commercial property yields in 2020 with offices expected to fall to 2.79%. According to m3property, continued downward pressure on vacancy rates will result in rental growth of at least 6% in the office markets. National director office Andrew Duguid said during 2019 capital transition from the retail sector to office and logistics in…