DAVID Jones will speed up the closure of some of its Australian stores and is finalising the sale of its Melbourne menswear building in Bourke St for approximately $500 million. At the same time, it reported that sales plummeted by 35.8% due to the COVID-19 pandemic despite keeping its doors open, unlike rival Myer which temporarily shut its stores. Woolworths previously announced plans to reduce…

CAPITAL markets across Australia have seen transaction activity slashed by 33%, as more than one quarter of deals have been put on ice due to the uncertainty caused by the coronavirus pandemic. Analysis by Knight Frank shows some $5.6 billion in transactions has still taken place. Just over half – 52% – of the 60-plus active campaigns are progressing or have seen no change between March and…