Peakstone awards 100,000 sqm Australian office management contract

Singapore’s Peakstone has awarded a major commercial management contract to CBRE. The agreement covers 100,000 square metres across six buildings including 45 Clarence Street in Sydney (pictured), which the landlord only agreed to buy from Dexus in June for $530m. Neighbouring 55 Clarence St forms part of the portfolio too – as does the 637

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Abacus spends $8.6m on Cockburn Central self storage investment and development site

Abacus Property Group is spending $8.6 million on a self-storage investment in Perth’s south Cockburn Central. The 1.7 hectare property, 854 North Lake Road, was listed during COVID-19 conditions with JLL’s marketing agents saying they, the vendor and purchaser effectively worked from home to complete the deal. The asset contains four buildings with a total

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Nationwide Towing & Transport founders sell four industrial investments with a leaseback

The founders of Nationwide Towing & Transport have sold four industrial investments with a leaseback for a speculated total price of more than $14 million. The same vendors separately offloaded Collingwood’s Melbourne Impound Yard to RACV – which in 2017 acquired a 51 per cent stake of the tow business now under the Nationwide Group

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Marriott to open five star Westin resort at Margaret River’s Gnarabup Beach

Marriott International has signed a hotel management agreement with joint venture development partners Saracen Properties and Security Capital Australia for a five star resort on the southern headland of Gnarabup Beach. Westin Margaret River Resort and Spa, as it will be branded when it opens in 2023, will contain 120 rooms, three restaurants and 400

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