As in their shopping centres around the world, Westfield is the trend setter for the retail landlord business.
More than $3 billion of office property sales were recorded in November and early December, taking the overall amount to more than $10 billion for the year, according to agents.
The push for creative office space within a reasonable distance to city clients has led to a rise in demand for different properties in the tightly held South Sydney sector.
One industrialist has noted wryly that such is the pace of change that soon work will cease to be somewhere we go - that is a noun. It will only remain as a verb - something we do.
Sydney is set to welcome the European store and second-largest fashion retailer in the world, H&M, with suggestions it is looking at 345 George Street.
US stocks soared on Friday, with the Dow and the S&P 500 ending a five-day losing streak after a robust jobs report gave traders confidence that the economic recovery was gaining strength.
US employers hired more workers than expected in November and the jobless rate hit a five-year low of 7.0 per cent, raising chances the Federal Reserve could start ratcheting back its bond-buying stimulus as soon as this month.
For retailers who are encouraging shoppers to go online first, the next 20 days will prove nerve-racking.
The Goodman Group has boosted its asset base with the $343 million purchase of the 14.4 hectare Sydney Corporate Park in Alexandria from Rathdrum Properties, run by the Hannan family.
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