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
Postscript: this deal didn’t proceed and in August, the hotel will sell to another Thai investor. Details here. Taiwan backed
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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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Vital, Centuria sell Gold Coast assets
Dexus has added the first asset to its $1.8 billion Healthcare Property Fund since a capital raising two months ago
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Stadia secures ex-union HQ on high yield
Stadia Capital has swooped on a B-grade office – until seven years ago owned by the Australian Workers Union –
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Forza snares Sydney office on high yield
Forza Capital is buying an almost fully-let A-grade Sydney office from Investa Property Group. The $138.14 million deal for 117
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Centennial completes $163m Sydney spending spree
Centennial has bought two Sydney investments for its four month old Industrial and Logistics Enhanced Value Partnership (CILEVP), co-controlled with
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Office sector enters second year of record high vacancy
Australia’s CBD office vacancy rate rose again over the last six months – from 12.6 to 12.8 per cent –
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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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Pension funds trade $560m industrial portfolio
The National Pension Fund of Korea (NPF) has sold a half stake in a 10 year old industrial fund to
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Ford lists enormous piece of Campbellfield plant
EXCLUSIVE Ford has listed an enormous piece of its ex-Broadmeadows Assembly Plant and headquarters – actually in Campbellfield – with
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Brookfield, Citiplan buy another student accommodation site
Plans for a 91 storey build to sell apartment tower overlooking Brisbane’s City Botanic Gardens have been shelved with the
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Wentworth, University of Sydney strike life sciences campus deal
Wentworth Capital has struck a 99 year lease for the University of Sydney’s Medical Foundation building, which will be rebuilt
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Cancer clinic coming to Noosa Heads
Trident Property Advisory and Cancer Care Associates – a service provider – have swooped on a permit-ready development site opposite
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University snaps up two sites near campuses
Monash University has outlaid about $80 million on sites near campuses. In the biggest deal, the group is spending c$50m,
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AU swoops on Melton site for hospital
Australian Unity has snapped up a development site near the $900 million Melton Hospital, due for completion in 2029. The
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CBA to shift HQ
Cbus has secured the Commonwealth Bank to a quarter of a 48 level skyscraper, set to be the centrepiece of
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Petrol tsar buys Broadmeadows Central stake
Vicinity has sold a half stake in another mall – this time Broadmeadows Central, in Melbourne’s north. The interest in
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Charter Hall, Investa secure another law firm to Brisbane office
Charter Hall and Investa have secured Herbert Smith Freehills to a Premium grade office under construction at 360 Queen Street.
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Mintus snaps up another shopping centre
Mintus has purchased Bathurst Chase from Quanta Investment Funds. The Parramatta based buyer is paying $17.5 million – reflecting a
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