MPG Funds Management outlays $40.98m on five government backed regional buildings

MPG Funds Management has acquired another five non-metropolitan assets, this time for its Regional Cities Property Trust, which was established in September, 2018. The total outlay is $40.98 million. All of the properties are leased to the government. The deal comes three months after MPG spent $43.5m on Rockhampton’s Bunnings Centre – for its (then-newly

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Allianz spends $459m on two Carlton student accommodation assets

Allianz Real Estate is reportedly snapping up two modern student accommodation towers in Melbourne’s inner north Carlton. The investments formed the Journal Student Accommodation Fund – which was 90 per cent controlled by Johannesburg listed Redefine Properties with the balance held by the Davidoff family’s Citiplan. The vendors appointed JLL to market the assets late

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Kaufland recoups $29.7m selling two Victorian sites to Aventus, Woolworths

Kaufland has found buyers for nine Australian properties – today revealing the ASX-listed buyers for two of them. Its portfolio – an unbuilt distribution centre and parcels earmarked for supermarkets – was estimated to be worth $500 million. The Germany based retailer spent more than two years acquiring properties and creating a development pipeline ahead

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Tasman Logistics Services leases factory on part of proposed $2b Yarraville Gardens site

Tasman Logistics Services has rented an industrial property on land forming almost a fifth of the proposed $2 billion Yarraville Gardens “mini-city”, in Melbourne’s west. The occupier has committed to 361-367 Francis Street, Yarraville, for an initial three years, paying starting annual rent of $900,000. With an 11,300 square metre warehouse the 4.62 hectare facility is

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