Doma seals Canberra, Newcastle office lease deals
Canberra based developer and investor Doma Property, which turned 50 last year, has sealed four office lease deals. In Newcastle,
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A.C.T.
Beyond Bank sells ex-ACT office
Beyond Bank has sold a Mawson office it part occupied for decades. The two level building on 1604 square metres
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Greystar makes biggest Asia Pacific investment
Singapore sovereign wealth fund GIC with SGX listed Wee Hur Holdings have banked $1.6 billion from seven Australian purpose-built student
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Snow family secures another London Circuit site
The Snow family’s Capital Property Group has secured another central Canberra site from the ACT Government’s City Renewal Authority. The
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Charter Hall accepts discount for Canberra office
Charter Hall has sold a Canberra office acquired after the national lockdown. The federal government backed Doris Blackburn Building at
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Growthpoint, ISPT trading renovated Canberra office
Growthpoint is buying a Canberra office for a single asset trust calling on investors. Developed in 1986, refurbished in 2022
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Government sells two Canberra plots
The Suburban Land Agency has sold two prominent sites to developers expected to deliver hundreds of apartments. In the biggest
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Centuria sheds another Canberra asset
Centuria has sold a Canberra warehouse held eight years by its Industrial REIT (CIP). The Grace Removals occupied asset with
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Centuria takes hit on ACT, Queensland offices
Centuria has sold two A-grade offices – in Canberra and Maroochydore – for losses on 2019 and 2021 purchase prices.
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Region acquires maiden ACT mall
Region Group, formerly known as SCA Property Group, has quietly purchased its first Canberra shopping centre. The deal for Cooleman
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Glenn Piper, Harvest Hotels swoop on pubs
Bruce Gordon’s WIN Corporation has sold its second asset in a month – the Scarborough Hotel, the City of Wollongong’s
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Dexus takes another hit on office
Dexus, on behalf of the Wholesale Australian Property Fund, has sold another office – this time in Canberra. The recently
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Government sells prime Canberra site…again
Three months after shelving Walker Corporation as preferred developer to replace a prime Canberra site with an office, the ACT
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Aware swoops on new Canberra mall, apartments
Aware Super has added another build to rent asset to its book – this time in Canberra’s exclusive Dickson. With
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Canberra office trades at a loss
Fund manager Arcana Capital, led by former Queensland premier Campbell Newman, has picked up a Canberra office for $17.4 million
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Shakespeare checks out of Canberra hotel
Sydney based fund manager Serene Capital has snapped up an office converted hotel, five kilometres south of Canberra’s parliamentary precinct
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Centuria divests Canberra office
Centuria has sold an Enrico Taglietti designed Canberra office as part of a debt curbing exercise expected to raise $225
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Mirvac, Peet part with Queanbeyan retail site
The Stevens Group has bought a development site in a $1.7 billion housing estate being delivered by Mirvac and Peet
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Canberra Hospital tower tops out
The helipad of a nine level building under construction – the centrepiece of the Canberra Hospital extension – served as
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Ice hockey stadium set for Greenway
The ACT government will contribute $16 million to construct a 3600 seat stadium (artist’s impression, top) set to house the
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AU spends on essential services investments
Australian Unity has scooped up a swag of small essential services investments. For its Speciality Disability Accommodation Fund, the group
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Sentinel sells Canberra shopping centre
Sentinel has sold Tuggeranong Homeworld for $46 million, closing a single asset fund after eight years. On a 2.2 hectare
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Charter Hall lines up another Canberra office
Charter Hall is believed to be making another Canberra play, this time for a Braddon office about to be vacated
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Charter Hall, Doma trade another office
Doma and Kenyon Investments have sold a fully leased Barton office to Charter Hall on a funds through basis. The
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Canberra office selling for record price
The Geoscience Australia headquarters is selling for a Canberra record price – again. In the latest deal, Charter Hall is
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Gravanis brothers buying Casino Canberra
Aquis Entertainment has entered an agreement to sell Casino Canberra to Bill and Mario Gravanis’ Oscars Hotels. The $52 million
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Brite, Quintessential divest Canberra offices
In its maiden Canberra purchase, Hunter Investment Corporation is paying c$30 million for Phillip’s Lovett Tower. The deal reflects a
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Growthpoint acquires Canberra office, cashes up
Altis has offloaded Canberra’s former Penrhyn House after four years. The six storey office, 2-6 Bowes Street, at the south
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Canberra convenience centre fetches $18m
A Canberra essential services investment – with a petrol station, childcare centre, gym, Hungry Jack’s restaurant and showroom attached to
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Peet, University of Canberra restructure land deal
The University of Canberra (UC) has sold a 15 hectare slice of its Belconnen campus to Peet Group, which will
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Investors spend big on bottle shops
Investors spent nearly $28 million on bottle shop investments at a bulk auction event today. In the priciest deal, a
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Irongate offloads Canberra office
Investec Australia Property Fund managed Irongate Group (IAP) has sold a Canberra office leased to the Attorney General department after
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Ascot offloads industrial, office portfolio
Ascot Capital has sold an $800 million-plus commercial property portfolio. The bulk, 23 logistics investments and an office – all
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Mirae offloads Canberra office
South Korean fund manager Mirae Asset Global Investments is selling a central Canberra office for $335 million. The deal for
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Collective snaps up assets in Albury, Canberra
Findex has sold a Bunnings-converted-retail investment at Albury, near the New South Wales/Victoria border. The Albury Convenience Centre at 618
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Canberra offices trade for c$195m
Real Asset Management is paying $115 million for a recently refurbished, fully leased Canberra office. The deal with Lendlease’s Australian
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Charter Hall snaps up two offices from DOMA
Charter Hall has picked up two government-backed offices from private developer DOMA on a blended 5.2 per cent initial yield.
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Marprop acquires Canberra police college
Marprop has picked up another Canberra asset – this time Barton’s Australian Federal Police College. The deal for the 1.5
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Sentinel snaps up Canberra office
Centuria has sold Canberra’s Scarborough House to Sentinel. The $83 million deal for the 14-level A-grade office reflects a 7.7
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Blackstone offloads Canberra office
Blackstone has sold an A-grade Canberra office it picked up 10 years ago through its $207 million takeover of Valad
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Elanor sells ex-Belconnen Markets car park
An Elanor Investors Group (ENN) syndicate has sold the Belconnen Markets car park prior to the close of an expressions
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Charter Hall goes on $780m office spending spree
Charter Hall is paying $780 million for four offices – three leased to the government. In the biggest deal, the
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KM purchases Greenway essential services investment
KM Property Funds has paid $9.75 million for an essential services backed investment in Canberra’s south west Greenway. The price
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Investors outlay $59.6m on 11 childcare centres
Investors spent $59.6 million on 11 childcare centres last week. The best performing asset in terms of yield was in
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Suburban Canberra office collects $18.75m
Capital Holdings Group has sold a modern office reportedly at Canberra’s geographic centre. The c2010 Capital Centre at 2-6 Shea
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Investors spend $35m on childcare centres
Six childcare centre investments sold at auction today – making eight for the week. In the biggest revealed deal, a
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Local family buys National Farmers Federation HQ
Canberra business owners and property investors the Cataldo family has paid $7.71 million for an office in the city’s parliamentary
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Iris Capital pays AccorInvest c$180m for distressed iProsperity portfolio
Sydney publican Sam Arnaout is paying AccorInvest c$180 million for 17 Ibis hotels. Twelve are in the purchaser’s home state
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Elanor pays Vicinity wholesale fund $60m for Queanbeyan shopping centre
Elanor Investors Group today confirmed it acquired Queanbeyan’s Riverside Plaza for $60 million – describing the price as below replacement
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Offshore fund outlays $15.3m for Fyshwick office
An offshore fund is spending $15.3 million on a Fyshwick office which derives 79 per cent of its income from
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Federal government sells Canberra site to Geocon for $24m
The former Werriwa Defence Facility, within cooee of Australia’s Parliament House, has sold to Canberra’s largest developer Geocon for $24
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KM Property Funds spends $39.3 million on Bruce office following off market campaign
KM Property Funds, a division of KordaMenta Group, has paid $39.3 million for a contemporary Canberra office following an off-market
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Tranche of 18 service stations net 7-Eleven owners $78.2 million
A portfolio of 18 7-Eleven outlets offered as sale and leaseback investments traded for $78.2 million to separate buyers at
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PCA OMR shows tight vacancy in Sydney, Melbourne
The Property Council of Australia released its twice annual Office Market Report today. The national stock comparison showed vacancy in
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Withers family offers 18 more 7-Eleven service station investments
EXCLUSIVE The Withers family – which controls Australia’s 7-Eleven franchise – is offering another tranche of service stations via a
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Texas owner to close 19 Australian EB Games stores this month
The Dallas-based owner of video entertainment chain EB Games intends to close 19 of its 300-plus Australian stores by the
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Timezone, Kingpin owner TEEG opens 300th venue with plans for 50 more next year
The Entertainment & Education Group (TEEG) – the largest operator of family entertainment venues in the Asia Pacific – has
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Charter Hall Retail REIT sells five east coast investments – three to Lascorp
Melbourne-based specialist retail investor and developer Lascorp is paying Charter Hall Retail Management Limited, as responsible entity for Charter Hall
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Centuria pays $256 million for Canberra’s Nishi building
Centuria Metropolitan REIT (CMA) is paying $256 million for the Nishi building, an A-grade commercial complex in Canberra’s gentrifying Civic
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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,
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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
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IOOF pays Doma Group $52.5 million for modern Newcastle office
IOOF Investment Management is paying $52.5 million for a two year old office in Newcastle. The seven-level asset at 18
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Centuria pays $35 million for Canberra’s Optus Centre
Centuria’s Diversified Property Fund is paying $35 million for Canberra’s Optus Centre. The office was sold by Melbourne-based Quintessential Equity
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ACT government lists commercial site in Monash
The ACT government’s Suburban Land Agency has listed a 1.05 hectare site in Monash, about 22 kilometres south-west of central
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Uniting Church pays $8.155 million for Canberra’s Woden Centre
The Uniting Church of Australia has paid $8.155 million for The Woden Centre in Canberra. The four-level complex, once known
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Real I.S. pays $29 million for Canberra’s Maddocks House
Hedley Property Investments has sold a Canberra office to German fund manager, Real I.S. for $29 million. The 22-year old
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Third time lucky for Starwood Capital with $480 million bid for Australian Unity Office Fund
It may be third time lucky for Starwood Capital in its attempt to buy the Australian Unity Office Fund. Following
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Ousted PM Malcolm Turnbull lists Canberra penthouse for sale
The month after being replaced as the leader of the federal Liberal Party, Malcolm Turnbull is selling his Canberra penthouse.
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AXA Investment Managers acquiring four hotels on Australia’s east coast for a speculated $330 million
Paris-based AXA Investment Managers is continuing a national real estate spending spree, entering due diligence to buy four hotels on
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Singapore’s Soilbuild REIT enters Australia with two acquisitions costing a total of $116.25 million
Perth-based Ascot Capital has sold a poultry plant in South Australia and an office building in the Australian Capital Territory
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QIC proposes $350m Canberra project
QUEENSLAND Investment Corporation will build a $350 million mixed-use project beside its Canberra Centre. The proposal will replace a car
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Costco Chooses Canberra For Third Australian Store
COSTCO will open its third Australian outlet in Canberra, and retail giant Woolworths is right behind it.
Costco has chosen the Majura Park shopping centre adjoining the Canberra Airport to open its second NSW store. Majura Park is the new name for the collapsed Airport Brand Depot discount outlet.
Only two stores within the previous shopping centre remain: Toys ‘R’Us and Babies ‘R’Us.
Woolworths has also leased space within the revamped centre, and will open an 8000 square metre Big W, a 400 square metre Dick Smith and a 4800 square metre supermarket.
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Emboss Capital Pays $55 Million For Civic Office, Canberra
EMBOSS Capital has paid $55 million for a Canberra office building – its second major transaction on Australia’s east coast recently.
The A-grade, six-level, 9000 square metre office, in the suburb of Civic, was sold with a long lease to the federal government.
According to the selling agencies, Colliers International and Jones Lang LaSalle, the building sold on a yield of 7.4 per cent.
Read moreDepartment of Climate Change Leases Major Canberra Office
THE Department of Climate Change and Energy Efficiency has leased a 21,000 square metre office in Canberra, paying a whopping annual rent of between $420 and $450 per square metre.
The government employers will work from picturesque space adjacent to Lake Burley Griffin, at a $550 million development being built by the Molonglo Group on the site of the former Hotel Acton.
The government body’s headquarters will be known as the New Acton Nishi office.
Read moreOver Fifty Group Sells Canberra Shopping Centre For $19.275 Million
THE Melbourne-based Over Fifty Group has sold a Canberra shopping centre for $19.275 million. The 4960 square metre Chisholm Village
Read moreMajor Canberra Housing Proposal Rejected
THE NSW Land & Environment Court has rejected a major development application near the Canberra Airport, which may have helped solve some of the affordability issues of the city.
The 4685-block, 130-hectare Tralee proposal has been fought since 2002 by developer Village Building Corporation, and the Canberra Airport, which has argued residents would be exposed to aircraft noise and complain, if the development went ahead.
Read moreCanberra’s Maritime Safety Authority Building Sells For $44 Million
CANBERRA’s near new Australian Maritime Safety Authority building has sold for $44 million to an undisclosed private investor.
The 82 Northbourne Avenue office, which was completed last July, sold on a yield of 7 per cent.
The building measures seven levels and was sold with a 15-year lease to the government, paying a high $430 per square metre (high compared to similar quality offices in Sydney and Melbourne).
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Orchard Funds Management Makes $18 Million From Canberra Office Sale
Orchard Funds Management has offloaded another CBD property, this time in Canberra.
The fund manager is making $18.5 million from the sale of an A-grade, 3,412 square metre office in Allara Street. The five Green Star rated building sold on a yield of 8 per cent.
Read moreWillesmen Pays $11.33 Million For Canberra Development Site
PROMINENT Canberra property investor The Willesmen Group has paid $11.33 million for an office building in the nation’s capital.
Thee development site, on the corner of National Circuit and Canberra Avenue, is earmarked to become a 20,000 square metre office building, capitalising on strong tenant demand in the area, known as “The Parliamentary Triangle”.
Read moreStockland Sells Edmund Barton Building to Real IS For $186 Million
The sale of Stockland’s Edmund Barton building in Canberra to German fund manager Real I.S. is now expected to settle in full in mid-June, following a successful $200 million capital raising by Real I.S. in Germany.
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