Triptych wins Best Residential Development Award
The annual Property Council of Australia property awards took place last Saturday night in Sydney and winner of the National Best Residential Development in Australia was the Triptych Development in Southbank Melbourne.
Triptych was developed by RI Group and Stable Property Group and on the night Stable’s Managing Director Danny Flynn accepted the award on behalf of the team. Napier & Blakeley worked on the project with Stable.
Napier & Blakeley managing director Alastair Walker said “this is a fantastic result for Stable and we are proud to have worked with Danny and his team on this development. Triptych was also a finalist in the highly regarded Sustainability division of the awards as well, because of it’s clever design and use of sustainable materials.”
Stable, through its Lifestyle Working brand, have completed a sustainable office development at Brookvale in Sydney and are currently developing their next Lifestyle Working development in JV with Lend Lease in Collins Street in Melbourne. Continue reading
Wayne Swan… “Keep your mitts off the MITs!!”
The doubling of the tax rate applicable to international Managed Investment Trusts (MITs), with no consultation nor warning and – it would appear – based upon miss-guided thinking, not just flies in the face of the plan to make Australia “the hub of finance in Asia”, but the sudden move places Australia on the list of countries with significant Sovereign Risk.
As a result Australia is no longer considered so transparent.
Since the budget, we have seen prudent comments from Property Council of Australia and reports from the likes of Business Council of Australia. These confirm what intuition tells us – that 7.5% of something is better than 15% of nothing. Continue reading →