Dexus Buys Ingleburn Factory, Sydney, For $23.5 Million
DEXUS Wholesale Property Fund has paid $23.5 million for a major warehouse in Sydney’s Ingleburn. The 25,807 square metre Williamsons
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Dexus Close to Selling 343 George Street
DEXUS Property Group is believed to have found a buyer for its 343 George Street office building, in the Sydney CBD.
A private investor is understood to be in exclusive due diligence to buy the heritage listed 11-storey building for more than $50 million. The negotiation may explain why a public campaign to sell the ASX building at 20 Bridge Street, has been delayed two weeks. That building was expected to sell for about $170 million.
Read moreMAB Corporation and Dexus Property Group Distribute Awards
MAB Corporation and Dexus Property Group distributed awards to real estate agents this month.
Read moreDEXUS Property Group announces restructure of Executive Committee
DEXUS Property Group today announced it has expanded its Executive Committee and reorganised its management structure with three new appointments representing its three property sectors:
Read moreDB RREEF rebrands to DEXUS Property Group
DB RREEF Trust (ASX: DRT) today announced it had acquired Deutsche Bank’s 50% interest in its management company, DB RREEF Funds Management Ltd, and rebranded to DEXUS Property Group.
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Kingsmede doubles down in Salisbury
Fourteen months after securing a multi-building Salisbury industrial investment from Dexus, Andrew Potter’s Kingsmede has bought the property next door.
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Global op-shop giant leases prominent long-vacant showroom
Chris Lock’s IP Generation – which is being purchased by MA Financial – has secured a tenant for the prominent
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Gateway banks $135m from industrial portfolio
Gateway Capital has sold five east coast industrial investments – one in Melbourne, four in Brisbane – held since late
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Asian investors trade CBD building
A small but prominent CBD property, on the corner of King Street and Flinders Lane, has traded between Asia based
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Developer swoops on ex-Victoria Police building
Centurion has swooped on an under-utilised Melbourne CBD office – the 1960s ex-Victorian Police Association headquarters – with plans for
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Car park station collects $40.5m
Andrew Richardson has sold a nine level Sydney CBD car park station on his second attempt. The developer behind Sheraton
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Hong Kong giant buying another high profile Melbourne office
Dexus is believed to be shedding another modern office. The speculated $260 million deal for Melbourne’s Flinders Gate, developed five
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The Hour Glass sells Brisbane building
Luxury retail giant The Hour Glass has sold one of its Brisbane CBD properties. The two level, 500 square metre
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AsheMorgan lines up Brisbane, Perth shopping centres
AsheMorgan is understood to be in advanced negotiations for two major shopping centres each side of the country. In the
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Kmart commits to 100,000 sqm distribution centre
Kmart Group has pre-committed to a 100,000 square metre omnichannel fulfilment centre in Sydney’s west. ESR will deliver the c$500
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Andrew and Nicola Forrest permitted to replace Perth mall
The Fiveight investment vehicle co-owned by Andrew and Nicola Forrest has won approval to replace the site of Perth’s ex-Carillon
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Hale snaps up another Brisbane industrial estate
Dexus has sold a major south Brisbane industrial estate after over two decades. The 3.46 hectare holding with c17,000 square
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Heavyweight developers secure funding for multi-storey logistics facility
Nuveen has provided a $205 million senior loan for the delivery of a multi-storey logistics facility in Sydney’s west Rosehill
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Aged care approved for another golf course site
The owner of the 88 year old Cumberland Country Golf Club at Greystanes, with investment house and developer, Pariter, has
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Prominent Townsville car yard sells on third attempt
A prominent car yard a kilometre from the Townsville town centre has sold on its third attempt since 2022. Covering
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Frasers, Morgan Stanley seed industrial venture with eight assets
Frasers Property Industrial – controlled by Thai billionaire Charoen Sirivadhanabhakdi – today announced its first Australian capital partnership, choosing Morgan
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Taiwanese giant snaps up 5-star Melbourne hotel
Taiwan backed Shayher Group, which has a local office in Brisbane, has outlaid $200 million for another Australian 5-star hotel.
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Mantzis Group swoops on historic Melbourne office
Dexus has sold a heritage Collins Street office, acquired through its acquisition of AMP Capital’s real estate and domestic infrastructure
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Blackstone, Investa trading stake in $1.85b office
Blackstone is reportedly selling its stake in Sydney’s landmark Grosvenor Place. The speculated potential $1.35 billion deal, with Oxford Properties-backed
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Japanese investment giants trade stake in Sydney’s tallest office
MEC Global Partners Asia is believed to be buying a minor stake in Sydney’s landmark Salesforce tower, which carried a
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Tattarang unveils maiden Queensland Akubra store
Andrew and Nicola Forrest’s investment vehicle, the new owner of Akubra, has chosen the heart of Brisbane’s CBD for that
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Another law firm upgrades city digs
Another major law firm is upgrading a headquarters – this time in Brisbane’s CBD. HWL Ebsworth Lawyers has pre-committed to
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NTT buys balance of Brisbane CBD office, car park
NTT Corporation has bought the half stake it didn’t control of a Brisbane CBD office and car park. The Japanese
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Blackstone scoops up another Brisbane business park
Blackstone has added another older business park to its book – choosing Brisbane again. The Arcadia Industrial Estate at Coopers Plains
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Melbourne developer buys maiden regional Queensland site
Stockland has sold the balance of the incomplete North Shore housing estate at Burdell, in Townsville’s north west. The 900
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Justin Hemmes buys council car park with redevelopment plan
Justin Hemmes’ Merivale has snapped up an eight level council car park in Melbourne’s Paris End with plans for a
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TNT factory turned business park fetches $330m
Brookfield Properties has sold a three month old business park developed on an ex-Orica site, west of town. Connect Central
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JV spends $100m for Brisbane business park
The recently formed KM Property Funds and PGIM Real Estate joint venture has secured another major investment. Following an off-market
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Aldi sells ex-supermarket to hardware chain
Sydney Tools has snapped up a prominent ex-Aldi store in Brisbane’s south east Capalaba. The hardware retailer is paying the
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NBN Co to downsize HQ
The National Broadband Corporation will switch its headquarters within North Sydney. The government arm has committed to 9000 square metres
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More of Sydney’s ‘first skyscraper’ leased mid-renovation
Dexus has secured three more tenants to 33 Alfred Street – Sydney’s first skyscraper – which is being refurbished. Legal
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GPT divests ex-Age HQ
The GPT Group has sold the high-profile ex-Media House, at the Docklands border with Melbourne’s CBD. The fund manager is
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Sydney pub baron buying another Melbourne site: sources
Billionaire pub baron Justin Hemmes is speculated to be buying another east end Melbourne CBD property with longer term plans
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Developer accepts major discount for riverside apartment site
R&F Property Australia has sold a riverside West End high density residential site for a major discount on its outlay
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Ex-government planning boss spends $200m on Melbourne sites
Ex-VicUrban development director Mike King, via the 888 Property Group company he created in 2011, has bought two major west
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Fund manager sells government-backed asset
EXCLUSIVE Dexus has broken even on the sale of a major north Adelaide healthcare investment held eight years. The GP
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Stake in Sydney mall fetches $135.5m
JY Group has added a Northern Beaches shopping centre to its fast growing portfolio. The half stake in Warriewood Square
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Texan alternatives giant backs industrial
Growthpoint will deliver a special distribution while reducing it gearing following the sale of an 80 per cent stake in
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Growthpoint moves more industrial off books
Growthpoint has quietly sold its 15.1 per cent holding in the Dexus Industria REIT (DXI). The $131.7 million deal –
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Melbourne fund manager buys landmark Queensland mall
Melbourne based fund manager Fawkner Property has added to its Far North Queensland portfolio following an off market deal for
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Goldfields snares Melbourne office site for apartments
Goldfields has quietly seized co-control of an inner east Melbourne apartment development site, with Dexus, which was planning offices. With
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Strata-titled Surry Hills pub fetches $17m
The Kospetas family’s Universal Hotels has snapped up a high-profile pub opposite Central station, near three major office developments. The
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SCentre, Barrenjoey buy another Adelaide mall stake
SCentre and Barrenjoey Private Capital have teamed again for a stake in an Adelaide shopping centre. The 50 per cent
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RF Corval scoops up west Sydney warehouse
EXCLUSIVE RF Corval has bought its third major industrial investment in two months. At Villawood, it is also the second
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Blackstone swoops on Brisbane business park
Blackstone is replenishing its industrial portfolio, picking up a business park abutting Brisbane Airport from Dexus. The 3.43 hectare investment,
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Riverside Parramatta plot sells off-market
An under-utilised predominantly vacant office occupying a prime riverside spot in Parramatta’s CBD has sold off-market. The result for 60
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Arcana swoops on suburban Adelaide office
EXCLUSIVE Arcana Capital, led by ex-Queensland premier Campbell Newman, has swooped on a modern office built for the federal government
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Fund manager boosts south east Melbourne industrial portfolio
EXCLUSIVE RF Corval has quietly purchased an industrial investment on over two acres in the middle ring Melbourne suburb of
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Cbus secures Sydney office in bittersweet deal
Cbus has secured the half stake it didn’t control of a prime Sydney office. In what could be considered a
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SCentre usurps IP Generation for Adelaide mall stake
SCentre has teamed with Barrenjoey Capital Partners for a half stake in Adelaide’s Tea Tree Plaza and adjoining Tea Tree
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Fund managers swap Melbourne office for dramatic discount
AFIAA has recorded a dramatic loss selling a major Melbourne CBD office it bought in August, 2017 – a property
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RF Corval buys adjoining Brisbane warehouses
EXCLUSIVE RF Corval had bought adjoining Richlands warehouses leased to the one business, ASX listed DGL Group. The 1.05 hectare
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Landmark Blacktown mall selling for $900m
Haben, founded in 2009 by father and son Harold and Ben Finger, is teaming with one of the world’s biggest
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Melbourne fund manager scoops up NSW mall
Stockland is selling Chris Lock’s IP Generation a regional New South Wales shopping centre it developed 28 years ago. Worth
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Offshore investor secures regional processing and distribution hub
One of four primary processing and distribution hubs operated by Cleanaway in Victoria’s north east has sold to an offshore
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Melbourne fund manager secures enormous dairy farm
Prime Dairy, an agricultural fund manager held by Prime Value Asset Management, is paying $15 million for a north west
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IP Generation lines up another landmark mall
Melbourne fund manager IP Generation is believed to buying a half stake in Modbury’s Tea Tree Plaza – the largest
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Mirvac takes hit on Sydney office stake
Mirvac has sold a half stake in a recently renovated Sydney office for a nine per cent discount to book
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Ex-Southern Cross Austereo site sold for a loss
Charter Hall and QuadReal have taken a hit on a riverside Brisbane CBD site bought three years ago with major
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Marquette buys ex-state government office
Marquette Property has snapped up its fifth Brisbane CBD office for a steep discount on what the vendor paid eight
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Op shop giant leases base near Sydney’s geographic centre
For-profit op-shop Savers, which trades from 300 locations globally, has leased an office/warehouse 22 kilometres west of Sydney’s CBD, at
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Ho Group buys North Sydney office
Singapore based Ho Group has picked up an A-grade North Sydney office for c$95.5 million – a quarter less than
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Haben buys balance of Queensland shopping centre
Harold and Ben Finger’s Haben has quietly snapped up the half-stake interest it didn’t control in Stockland Townsville. Also including
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M&G banks $107m from Sydney warehouses
M&G Real Estate has quietly sold a major west Sydney industrial investment for $107 million – more than twice what
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Investor multiplies return from inner Brisbane car yard
An investor who last year bought a Newstead car yard facing imminent vacancy has re-leased it following a refurbishment for
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Syndicate snares farm abutting Western Sydney International
A gateway industrial development site at the south west tip of the Western Sydney International Airport, which is under construction,
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James Lane makes “Geechange” to Centuria centre
The Bart family’s James Lane has chosen thriving Geelong for its 29th store – also its first in regional Victoria.
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Stockland fills first warehouse at $2b business park
Stockland has developed its first investment at Truganina’s $2 billion Melbourne Business Park following a pre-commitment by e-commerce giant New
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Two more law firms commit to Waterfront Brisbane
Dexus has secured another couple of law firms to the first of two skyscrapers earmarked for the $2.5 billion Waterfront
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Australian Unity sells trophy office after three years
Following a tumultuous post-COVID backdrop, especially depressing demand for offices – made worse by a building boom in some markets
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Garda realises major loss on Melbourne offices
ASX-listed Garda Property Group has sold two Burnley offices for a major loss on their June 30 valuation and an
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Charter Hall sells Australia’s first skyscraper
Charter Hall has sold Orica House – Australia’s first skyscraper – seven months after it hit the market. The 19
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Salter proposes skyscraper over historic Collins Street buildings
Salter Brothers is planning a 32 storey skyscraper (artist’s impression, right) above an InterContinental neighbouring Rialto Towers. The fund manager
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Vicinity takes major hit on Perth mall
Four years after listing it with $650 million price hopes and 18 months since a $530m deal to Elanor Investors
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Chris Lucas quietly snares Melbourne building from landlord
EXCLUSIVE Chris Lucas has snared the historic Melbourne building, the lower levels of which house his Japanese restaurant Kisume, for
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