Dexus Australia Logistics Trust spends $269.4m on six assets

Dexus will sell Lake Business Park South, near Sydney Airport, and five premium quality industrial assets in Melbourne’s Truganina, to Dexus Australia Logistics Trust – in which it controls 51 per cent. The $269.4 million deal reflects a 5.3pc passing yield. The portfolio of newly constructed properties is 91pc occupied with a weighted average lease

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Renewal SA seeks partner for Entrepreneur and Innovation Centre at Lot Fourteen

Renewal SA is seeking a development and investment partner to replace part of the seven hectare former Royal Adelaide Hospital with a c16-storey, 35,000 square metre mixed-use commercial building to be known as the Entrepreneur and Innovation Centre (EIC). The tower is anticipated to be the flagship of the innovation precinct known as Lot Fourteen

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Stockland to buy old, build new Johnson and Johnson Medical HQ

Stockland has agreed to buy Johnson and Johnson Medical’s Macquarie Park headquarters and construct the vendor a replacement in the area. The put and call acquisition of 1-5 Khartoum Road aligns with the institution’s broader strategy “to up-weight” its workplace and logistics portfolio, Stockland chief executive officer, commercial property, Louise Mason said. It also builds

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Metcash makes $57m bid for 70pc stake in Total Tools; plans to buy balance within four years

Metcash is expanding its hardware sector presence with a $57 million bid for a 70 per cent stake in middleweight national chain Total Tools. The agreement, which the Australian Competition and Consumer Commission has been reviewing since June 30, allows for the purchaser to buy the balance of the business within four years. If approved,

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McDonald’s chooses Melton South for Australia’s thousandth store

McDonald’s has chosen Weir Views – one of 11 suburbs recently gazetted around Melbourne’s Melton South – for its thousandth Australian restaurant. The Opalia Shopping Centre venue near the north west corner of Exford and Elpis roads will also be the group’s first flagship sustainable store here. To be constructed using recycled materials, including for

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