Money aplenty but, 'No, I won't be staying.'(Sydney's general manager Greg Maddock)(Statistical Data Included)

Article Abstract:

Greg Maddock, Sydney's general manager, was hired to reduce the city's debt and find new ways of attracting money. To June 1994, Sydney's debt peaked at $53.7 million. Debt is down to $26 million in the year to June 1999. Maddock estimates that Sydney will gain about $30 million from a consortium contract to provide and install furniture in exchange for advertising revenues. Maddock says that about $320 million in public money has been spent upgrading Sydney's infrastructure.

Public Finance Activities, Legislative Bodies, Public Finance-Local, Legislative Bodies-Local, Local government, Sydney, Australia, Local finance, City councils, Maddock, Greg

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Hazy outlook for city office rental growth

Article Abstract:

The vacancy rate of office space in Australian capital cities is low, but rent increases have been lower than expected. Office space rental growth in 1998 was 6.7%. In Sydney, the office lease market is polarized, with many rents holding firm as 10 new office towers are being developed. Australian office tenants are now asking for fixed rental increases set at 3-4% a year.

Economic aspects, Rents (Property), Office leases

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Going up; the construction sector might be heading for a downturn, but Leighton Holdings has no intention of taking part

Article Abstract:

As the Australian construction industry takes a downturn, the country's largest construction company, Leighton Holdings, is taking measures to ensure its continued success. Their strategies include diversifying the company, making acquisitions, and securing new contracts.

Construction, Construction industry, Leighton Holdings Ltd.

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