Stockland, AIMS APAC REIT, secure Optus HQ at Macquarie Park for 12 more years

EXCLUSIVE Optus has signed a 12 year lease renewal for its landmark campus-style headquarters in Sydney’s north. The landlords, ASX-listed Stockland and joint venture partner, AIMS APAC REIT (AA REIT), which is listed on the Singapore Exchange, will undertake property upgrade works, as part of the deal. The Macquarie Park campus in North Ryde, known

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Singapore’s First Sponsor partners with ICD Property to redevelop Sydney’s 125-year old City Tattersalls Club

ICD Property has formed a joint venture partnership with Singapore’s listed First Sponsor to redevelop the City Tattersalls Club in the Sydney CBD. ICD was only given the green light for its $200 million proposal 10 days ago. The holding, 194-204 Pitt Street, is near the city’s Westfield Pitt Street Mall – a block from

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Veriu pre-commits to four Australian hotels for its Punthill brand – three in Melbourne

Boutique hotelier Veriu has pre-committed to four venues on Australia’s east coast – a move which will grow its burgeoning portfolio by 235 rooms. With each development, the land-owner will cover hotel construction costs. Upon completion, in 2021, all will be leased long-term to Veriu for its Punthill brand. The landlords would then have the

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Germany’s Spezialfonds pays c$350 million on a fund-through agreement for North Sydney office

CBRE Global Investors – on behalf of German real estate fund Spezialfonds – is acquiring a North Sydney office for a speculated $350 million on a fund-through basis. Being developed by Zurich Insurance Group, which will also be a major occupier, 118 Mount street (pictured, above and right) is due for completion at the end

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Moelis Australia snaps up Byron Bay’s Beach Hotel for just over $100 million

Moelis Australia, which is directed by Sydney Swans chairman Andrew Pridham, is paying Melbourne-based Impact Investment Group (IIG) – a real estate investment vehicle of the wealthy Liberman family – just over $100 million for Byron Bay’s landmark Beach Hotel. The deal includes the property at 2-10 Bay Street as well as the business, which

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Stockland spends $121 million on neighbouring North Sydney offices to create super-site

Stockland is paying $121 million for two North Sydney offices adjacent to another it owns at 110 Walker Street (pictured, top). The acquisitions of 118 Walker Street and 122 Walker Street more than double the ASX-listed property giant’s landholding to nearly 2300 square metres. The developer said it plans to soon lodge an application to

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Charter Hall pays John Holland $331.3 million for The Glasshouse building in Sydney’s Macquarie Park

Charter Hall is continuing a national spending spree – outlaying $331.3 million for a suburban Sydney office majority leased to the New South Wales Department of Transport. The Glasshouse, or Building C of the Macquarie Square business park (artist’s impression, below), is due for completion next March. Charter Hall’s Long WALE REIT will control a

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Withers family banks $77.9 million from sale of 15 7-Eleven outlets

Melbourne’s Withers family today sold a national portfolio of 7-Eleven outlets for a total of $77.915 million. The 15 properties, offered as sale and leaseback investments with starting 12 year terms, exchanged on passing yields of between 3.82-6.07 per cent. An outlet in Melbourne’s northern suburb of Campbellfield was the most valuable – trading for

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John Singleton and Geoff Dixon list Balmain’s Unity Hall Hotel – the birthplace of the Australian Labor Party

Media mogul John Singleton and former Qantas boss Geoff Dixon, via their Australian Pub Fund, are selling the Balmain building where the Australian Labor Party’s first meeting was held. Unity Hall Hotel is expected to sell for about $25 million. The pair, with Mark Carnegie, paid $10 million for the complex in 2011, shortly after

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Fortius picks up Cammeray Square from Stockland for $39.05 million

Stockland has sold the Cammeray Square shopping centre on Sydney’s exclusive lower north shore for $39.05 million. Private Sydney-based investment house Fortius Funds Management – which last week spent $174 million on three inner-city Sydney retail assets – is the buyer. Cammeray Square forms part of a mixed-use development of four buildings, surrounding a central

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Savills Australia poaches two JLL executives to launch Capital Advisory division

Savills Australia has established a Capital Advisory division after poaching two executives from rival JLL’s Sydney office. Ben Jackson and Andrew Cottam (pictured, top) have joined Savills as directors, with their focus on providing clients capital raising services, and advisory. Mr Jackson has been a director of JLL’s Debt Advisory division for six years. Prior

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Ace Hotel set sights on Australia with commitment in Sydney’s Surry Hills

California based hospitality group Ace Hotel is coming to Australia, leasing an 18-storey facility set to start construction in Sydney’s inner south Surry Hills. The 264 suite inn will be developed around Tyne House at 49-53 Wentworth Avenue. Golden Age Group acquired the 743 square metre site from Sydney businessman Michael Teplitsky last January. At

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Brisbane, Melbourne childcare centres set to smash national records

A Brisbane childcare centre investment listed this month could be the most expensive sold in Australia – smashing the record set last year for a Sydney centre, by some $14 million. The Bowen Hills complex, three kilometres north east of the Queensland capital, is expected to trade for more than $35 million. It forms part

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Sydney businessman Sam Harb leases Greenacre industrial project prior to completion

Sam Harb – one of Sydney’s most prolific and famous paving contractors – has leased all of an eight-unit industrial estate he is developing in the city’s south west. The distinctive project, 61-65 Roberts Road, Greenacre (pictured, top), is identified with graffiti murals and a mezzanine feature window designed to resemble shipping containers. The last

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Charter Hall and Western Sydney University to build $350 million Innovation Quarter, with three mixed-use towers

Charter Hall has entered into a development agreement with Western Sydney University to build Innovation Quarter – promising to be a world class, health-focused ecosystem of services. The $350 million development will comprise of three mixed-use towers, with more than 38,000 square metres of area, to be occupied as research, health, education and commercial space.

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iProsperity, ZACD Group buy AccorInvest portfolio of 23 hotels for $212.6 million

iProsperity Group (iPG) and Singapore-based fund manager ZACD Group have acquired a portfolio of 23 hotels from AccorInvest for $212.6 million. The investments – 17 real estate assets and six lease interests – provide 3046 rooms across Sydney, Melbourne, Canberra, Brisbane, Perth and major regional cities (a full list of the portfolio is at the

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Caltex lists c$120 million portfolio of 25 development sites

Petroleum giant Caltex is selling a portfolio of 25 metropolitan service stations, speculated to be worth a total of about $120 million. The properties are squarely being targeted to builders – the marketing agents saying “the portfolio offered a timely opportunity for apartment, mixed use, retail, hotel and build-to-rent developers” to stock up. The assets

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Settlers Group enters voluntary administration

Retirement village operator Settlers Group is the latest Australian property company to enter voluntary administration. On August 28, the company appointed FTI Consulting’s Joseph Hansell, Ian Frances and John Park as Receiver and Manager. Settlers Group operates 687 units within retirement villages known as: Settlers Rockhampton (in Queensland); Settlers Forest Lake (Queensland, pictured, top); Settlers

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