An offshore fund is spending $15.3 million on a Fyshwick office which derives 79 per cent of its income from the federal government. The price for 5 Tennant Street reflects a 7.2pc net passing yield. Listed in March, the asset includes two supersized floors providing a total 4049 square metres of lettable area and an

The former Werriwa Defence Facility, within cooee of Australia’s Parliament House, has sold to Canberra’s largest developer Geocon for $24 million. The federal government listed 70 Allara Street for public sale late last year. Multiple development outcomes were marketed – amongst them hospitality, offices, residential and retail. Geocon is expected to construct a medium-density housing

KM Property Funds, a division of KordaMenta Group, has paid $39.3 million for a contemporary Canberra office following an off-market campaign. The deal for 1 Thynne Street, Bruce, about a 12 kilometre drive north west of Parliament House, reflects a 6.25 per cent yield. Purpose built for and fully occupied by Australian Institute of Health

Centuria Metropolitan REIT (CMA) is paying $256 million for the Nishi building, an A-grade commercial complex in Canberra’s gentrifying Civic precinct. The deal, between CMA’s parent Centuria Capital Group (CNI) and developer Molonglo, is being struck on a 5.1 per cent capitalisation rate. CMA fund manager Grant Nichols said the purchase reinforces the Fund’s position

IOOF Investment Management is paying $52.5 million for a two year old office in Newcastle. The seven-level asset at 18 Honeysuckle Drive, with 6524 square metres of fully-leased A-grade area, was offered by Canberra-based developer Doma Group. IOOF will plug the 5-star Green Star rated building into its Property Income Plus direct portfolio property fund.

Centuria’s Diversified Property Fund is paying $35 million for Canberra’s Optus Centre. The office was sold by Melbourne-based Quintessential Equity Diversified Commercial Property Group, which acquired it from AMP Capital for $18 million in 2014. In Canberra’s Civic precinct, the six-storey complex at 10 Moore Street contains 6709 square metres of lettable area and is

The ACT government’s Suburban Land Agency has listed a 1.05 hectare site in Monash, about 22 kilometres south-west of central Canberra. The government is marketing the land at 178 Clive Avenue, in the Tuggeranong region, to developers within the childcare, aged care, or medical sectors. “Monash sits in the centre of a region home to

The Uniting Church of Australia has paid $8.155 million for The Woden Centre in Canberra. The four-level complex, once known as the Churches Centre, includes 1947 square metres of area which is fully let. Aussie Home Loans, Red Cross, IMB and Workways are amongst the occupants of the recently refurbished building which abuts Westfield Woden.

Hedley Property Investments has sold a Canberra office to German fund manager, Real I.S. for $29 million. The 22-year old building, Maddocks House, at 40 Macquarie Street, in Barton (pictured, top), includes 5500 square metres of A-grade commercial space and 75 basement car parks. It is leased to a mix of federal government agencies and