Over 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
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Major 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.
Read moreLend Lease Wins $527 Million Government Construction Job
Lend Lease Corporation Limited (“Lend Lease”) today announced that its subsidiary, Bovis Lend Lease Limited (“Bovis Lend Lease”), has been appointed Managing Contractor by the Department of Finance and Deregulation for the design and construction of a new central office building for the Australian Security Intelligence Organisation.
Read moreCranleigh Mansion Smashes Canberra Record
Canberra mansion Cranleigh has regained the title as the territory’s most expensive property, after selling for almost $4.6 million to an as-yet-undisclosed party.
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