Cbus, UniSuper strike Australia’s biggest retail deal
Cbus Property and UniSuper have partnered with AMP Capital to acquire stakes in two major shopping centres for a total
Read moreCbus Property and UniSuper have partnered with AMP Capital to acquire stakes in two major shopping centres for a total
Read moreCbus Property, with Galileo Group as minority partner, is purchasing one of North Sydney’s last low-scale residential blocks with plans
Read moreCbus Property or Mirvac will be allowed to build a c$2 billion mixed-use village on outgoing public land described in
Read moreBeds, couches, ironing boards, lamps, alarm clocks and several smaller items, left at the Mercure Melbourne Treasury Gardens Hotel, which
Read moreCbus Property and Nielson Properties have shortlisted four teams of global architects to design the $600 million 205 North Quay
Read moreCbus Property has banked $4.25 million selling a modern warehouse built on part of a former General Motors Holden car
Read moreCBUS Property, a subsidiary of industry superannuation fund CBUS, has seized control of one of bayside Melbourne’s most controversial development sites – the disused North Brighton Croquet Club, in Warleigh Grove.
CBus, which represents workers in the construction and building industry, has paid $18.6 million for the 9015 square metre site and, having grabbed the mallet proverbially, immediately pitched plans to build a high-end, high-density residential complex with flats and townhouses.
The completed product could have an end value of more than $150 million, sources speculate, making it one of the biggest projects to start construction in Melbourne’s bayside suburbs.
Read moreDEVELOPER CBus Property has secured the National Australia Bank as tenant for an as-yet-undeveloped office in Docklands.
The 61,000 square metre, 15-level tower is set to be developed at 700 Bourke Street, and near National Australia Bank’s world headquarters, on Victoria Harbour (at 800 Bourke Street) which it first committed to a decade ago.
The new building will also include a child care centre, and retail, according to a CBUS media release, and published on the Melbourne Docklands website.
Read moreAS reported in The Age last year, CBUS Property has confirmed it is the mystery buyer of a half share interest in Melbourne’s 171 Collins Street development.
CBUS has paid Sydney-based owner Charter Hall $15.5 million, to take its share in the $280 million office development, which challenged a previous planning precedent, restricting height around the “Collins Street spine”.
It’s understood the developers are targeting the National Australia Bank which has a 40,000 to 60,000 square metre requirement in the market at the moment.
Read moreMACQUARIE Office Trust is believed to be selling a half share interest in a proposed $260 million office, in Collins Street’s “Paris end”, to CBus Property.
Sources say Macquarie will reap between $15 million and $20 million for a 50 per cent stake of the 171 Collins Street office proposal, which set a landmark planning precedent last July, by more than doubling the regulated height of a building in the “Swanston Street spine”.
Earlier this year, Macquarie lodged an application to add an 18th level to the proposed glass building, bringing the total lettable commercial and retail area to about 42,329 square metres.
Construction of a $260 million office building at the Paris end of Collins Street could start as early as June.
Read moreThe iconic RAAF Association Building in South Yarra, famous for a huge propeller suspended from its exterior wall, is no longer.
Read moreIndustry Superannuation Property Trust (ISPT), Cbus Property and EPC Partners today announced their joint venture to develop the new $700 million South East Stadium Precinct (SESP) at Docklands in Melbourne.
Read moreTime & Place has been given the green light to develop a $200 million skyscraper incorporating the c1900 Lindrum Hotel
Read moreThree months after spending c$10.4 million on a South Yarra duplex before auction, Qantas chairman Richard Goyder and his wife,
Read moreThree and a half years after shortlisting a group of 11 to two – the state government has awarded a
Read moreThe National Pension Fund of Korea (NPF) has sold a half stake in a 10 year old industrial fund to
Read moreCbus has secured the Commonwealth Bank to a quarter of a 48 level skyscraper, set to be the centrepiece of
Read moreMirvac has been given the green light to develop an all electric apartment project opposite Princes Park. With buildings between
Read moreAshurst – which turned 200 last year – will relocate its Sydney headquarters within Martin Place. The law firm has
Read moreSentinel Fund Manager Australia – the local arm of US-based Sentinel Real Estate Corporation – has purchased its maiden Queensland
Read moreBayley Stuart has swooped on two more inner east Melbourne offices. In the most recent deal, the fund manager is
Read moreEXCLUSIVE Black Caviar owner and Victoria Racing Club board member Neil Werrett is picking up a significant Clyde North industrial
Read moreThe independent organisation which issues Environmental, Social and Governance rating, the Global Real Estate Sustainability Benchmark, or GRESB, has awarded
Read moreMarprop Real Estate Investors has outlaid $69.4 million for a recently renovated Adelaide CBD office. The former Statewide House at
Read moreGeorge Mastrocostas’ Aniko Group has snapped up a Mermaid Beach development site with plans for a multi-tower, residential based mixed
Read moreThe GPT Wholesale Office Fund (GWOF) is speculated to be outlaying c$185 million for neighbouring North Sydney offices, with development
Read morePelligra is buying Spring Street’s prominent ex-Esanda headquarters with plans for two offices and a revamped forecourt abutting Parliament station’s
Read moreSentinel Property Group is paying $20.9 million for its maiden South Australian investment – the five level office component of
Read moreHarmony Property Investments has listed an East Melbourne office opposite Treasury Gardens. The Adelaide fund manager can expect more than
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