A survey shows that half of the commercial building and construction sector could take their financing away from the banks and look to private syndicates or offshore for future funding.
Mark Beattie of Davis Langdon said "Given current lending policies and a rising interest rate environment, it is difficult to see how the construction industry can pick up quickly, as the benefits from the federal government's stimulus package start to fade".
A developer is quoted as saying smaller companies are forced to pay at least 4% above a normal residential loan as charged by the banks.
Showing posts with label Commercial Property. Show all posts
Showing posts with label Commercial Property. Show all posts
Wednesday, March 3, 2010
Monday, January 25, 2010
How Beecroft Village Could Look
This picture is taken from the Hornsby Shire Housing Strategy document Appendix "draft 5 storey Development Controls", showing how they envisage mixed retail and residential developments, as recently proposed for Beecroft Village, would look. 
It certainly looks attractive in the artist's drawing but does it fit in for Beecroft Village, and the general village atmosphere of Beecroft and Cheltenham?
Each development would have one underground floor for carparking space, a retail floor, the second floor can be mixed commercial and residential, then three residential floors with typically six two or three bedroom dwellings per level.
There is nothing in this appendix about other parking arrangements, but it looks as though all these residents and the staff working in the retail shops would fully occupy that single floor of car parking, so customers would mostly park on the street. That hardly solves Beecroft Village's car parking problems! At present Beecroft shopping center works well at least partially because of the open air parking spaces around the Module, but that would probably be one of the first places to be redeveloped. What will the area be like after that entire car park is turned into a five storey development?
If this is to happen, multi-storey underground parking should be absolutely mandatory!
It certainly looks attractive in the artist's drawing but does it fit in for Beecroft Village, and the general village atmosphere of Beecroft and Cheltenham?
Each development would have one underground floor for carparking space, a retail floor, the second floor can be mixed commercial and residential, then three residential floors with typically six two or three bedroom dwellings per level.
There is nothing in this appendix about other parking arrangements, but it looks as though all these residents and the staff working in the retail shops would fully occupy that single floor of car parking, so customers would mostly park on the street. That hardly solves Beecroft Village's car parking problems! At present Beecroft shopping center works well at least partially because of the open air parking spaces around the Module, but that would probably be one of the first places to be redeveloped. What will the area be like after that entire car park is turned into a five storey development?
If this is to happen, multi-storey underground parking should be absolutely mandatory!
Tuesday, October 6, 2009
Beecroft Commercial Sale by Ray White
Ray White Commercial Eastern Suburbs sold 5 Wongala Crescent by auction for $4.95M! The block is a mixed use neighbourhood shopping centre comprising seven retail tenanceies at street leel, five first floor office suites, and four two bedroom residential appartments. The site is approximately 2043 sq m.
Well done Ray White Commercial.
Well done Ray White Commercial.
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