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

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

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

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

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

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

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

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

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

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

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

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.

Impact Investment Group is selling Byron Bay’s Beach Hotel, also known as the Top Pub. The high-profile hospitality venue, with about 100 metres of frontage to Main Beach, is expected to trade for more than $100 million. IIG paid businessman and racing car driver Max Twigg $70 million for the hotel in 2017 on a

Investa Commercial Property Fund has found tenants to fill 7800 square metres of an office at 201 Kent Street in the Sydney CBD. In the biggest deal, a sitting tenant has renewed for 3000 sqm of space. This occupier will be joined by three new tenants: software company Nutanix, which is renting 1730 sqm for