Active Super expands North Sydney holding
Active Super – which until last month was known as Local Government Super – has outlaid $25 million for a
Read moreActive Super – which until last month was known as Local Government Super – has outlaid $25 million for a
Read moreAustralian Unity is paying c$55 million for the first stage of the Williamtown Aerospace Centre. The 1.78 hectare property, developed
Read moreESR and Goldman Sachs are understood to have sold a government-backed Brisbane CBD office to Hines. The State Law Building
Read moreAPN Funds Management has acquired another six service station for its Convenience Retail REIT (AQR). The South Australian properties were
Read moreHickory has quietly snapped up the former Goldfingers strip club – and won approval to build a 22 storey office
Read moreAPN Funds Management has spent $59 million on six Queensland service stations. The deal reflects a blended 5.5 per cent
Read moreLaSalle Investment Management is selling a Brisbane CBD office for $214 million. The Chicago group spent $142.15m on 307 Queen
Read moreFormer VicUrban development director, Michael King and Joe Cairns, via their 888 Property Group, have sold a 15.92 hectare Truganina
Read moreA BlackRock Real Assets advised fund, in a new partnership with Primewest, is paying $260 million for a Perth CBD
Read moreESR Australia is paying $3.8 billion – the highest price outlaid in one line for a collection of Australian property
Read moreTPG founders David and Vicky Teoh are speculated to be paying $106.5 million for a five level office and industrial
Read moreQIC has quietly sold Pakenham Place, in Melbourne’s south-east, to Leaf Corporation and BANCO Group. The local purchasers, paying a
Read moreHotel Grand Central, which acquired one of Melbourne’s highest profile offices from Victoria University in 2013, is selling. The upper
Read moreDexus and Canada Pension Plan Investment Board have sold Brisbane’s 10 Eagle Street for $285 million. The pair owned equal
Read moreThe Pidgeon family has sold a Brisbane CBD office after nine years, a renovation and extension. The 20-level tower at
Read moreEXCLUSIVE Vaughan Constructions has completed Australia’s biggest distribution centre, in Melbourne’s north Mickleham. On 28 hectares, the 100,000 square metre
Read moreLOGOS Property Group will pay Qube Holdings $1.67 billion for Moorebank Logistics Park, in Sydney’s west. The deal buys the
Read moreMacquarie Group Limited has sold an undeveloped Sydney office to a 50:50 venture comprising Investa Commercial Property Fund and Manulife.
Read moreTwo neighbouring low-rise Surry Hills commercial buildings, leased to amongst others, a backpackers and takeaway restaurants, have sold to a
Read moreStockland is continuing to push into Melbourne’s western suburb logistics space outlaying $60 million for two unbuilt Truganina warehouses. The
Read moreAmazon has committed to 31 per cent of an office about to start construction at 555 Collins Street, in Melbourne’s
Read moreCharter Hall has sold a North Sydney office after a direct offer from local fund manager Intera Group. The $212
Read moreThe GPT Group has sold its quarter interest in a multi-building Sydney CBD office investment to a co-owner, the Lendlease
Read moreCredit Suisse Asset Management is speculated to be selling a Melbourne CBD office for nearly $160 million as it continues
Read moreAmazon has pre-committed to a 37,000 square metre fulfilment centre at Dexus’ Horizon 3023 industrial park in Melbourne’s west Ravenhall.
Read moreSingapore’s Peakstone has awarded a major commercial management contract to CBRE. The agreement covers 100,000 square metres across six buildings
Read moreWestern Sydney Parklands Trust is seeking a development partner, or one to take a ground lease, for all or part
Read moreCharter Hall Group and Singapore’s GIC are paying $682 million for a 49 per cent stake in 203 Australian petrol
Read moreMelbourne’s CBD is prepped for an office building burst with two projects recently approved and another set to start construction
Read moreOwners of the four apartments within a modest complex on relatively big land, in the Melbourne CBD, have united and
Read moreV/Line has signed another industrial lease deal in Melbourne’s west, this time in Ravenhall. The 2500 square metre facility with
Read moreLaSalle Investment Management, on behalf of pension fund CalSTRS (California State Teachers Retirement System), has sold a half share in
Read moreARA Australia, the local arm of Singapore’s listed ARA Asset Management, intends to build a 21-level office as part of
Read moreCbus Property or Mirvac will be allowed to build a c$2 billion mixed-use village on outgoing public land described in
Read moreMirvac has applied to replace Australian Federal Police’s long-time and low-rise Victorian headquarters – 383 La Trobe Street, near the
Read moreThe Alter family is seeking to fill an imposing Melbourne office it acquired for $41 million in 2018 knowing it
Read moreCharter Hall has received planning approval to build a $1.5 billion commercial complex at the south west corner of Collins
Read moreEXCLUSIVE Germany based supermarket Kaufland, which in January made the surprise decision to quit Australia three years into creating a
Read moreThe Property Council of Australia released its twice annual Office Market Report today. The national stock comparison showed vacancy in
Read moreMarks Henderson is spending $92.75 million on a high-character warehouse-converted-office in Sydney’s inner east Darlinghurst. The deal for 19A Boundary
Read moreEXCLUSIVE Centuria Property Funds Limited has sold a Parramatta office at 2-10 Wentworth Street to Singapore’s SC Capital Partners, banking
Read moreCharter Keck Cramer is seeking new Melbourne offices. Unusually, yet appropriately, given its business needs to know property trends –
Read moreEXCLUSIVE Austria’s Red Bull – which has the highest market share of any energy drink in the world – is
Read moreEXCLUSIVE Ten months after offering it, members of Melbourne’s wealthy Withers family – which owns the Australian arm of convenience
Read moreMelbourne’s wealthy Cannon family is selling a strata office after nearly 40 years. The 91 square metre corner space on
Read moreThe freehold of Karen Martini’s Mr Wolf restaurant has finally sold. The 130 square metre premises at 9 Inkerman Street,
Read moreTime and Place Commercial has acquired another major industrial development site, this time in Truganina, about 22 kilometres west of
Read moreSome $2.6 billion worth of Victorian office investments have traded in 2019 – the highest ever recorded for the start
Read moreConnecticut based Starwood Capital, with New South Wales’ Arrow Capital Partners, have acquired The Zenith Centre in Sydney’s Chatswood, for
Read moreA Multiplex crane has been hoisted to a height the builder said has not been seen in the Melbourne ‘Paris-end’
Read moreOne of Australia’s most famous and long-standing property partnerships could soon dissolve. Kuwait-backed St Martins Property Group is seeking to
Read moreCharter Hall is spending $192 million on a modern office in Melbourne’s Docklands. The 10-storey building at 737 Bourke Street
Read moreBoston’s AEW Capital Management is paying more than $200 million for a 22-storey office in Melbourne’s tree-lined Queen Street. AEW
Read moreAn investment vehicle controlled by Melbourne-based Perri Projects has sold a Brisbane CBD office for $52.6 million. The 16-level building
Read moreRoxy Pacific Holdings and Tong Eng Group – both based in Singapore – have paid the New South Wales Aboriginal
Read moreCharter Hall has expanded its footprint at the south-west corner of Collins and King streets, in the Melbourne CBD, following
Read moreA fund controlled by BlackRock – the world’s largest asset manager – is paying $56.63 million for a Parramatta office
Read moreSouth Korea’s National Pension Service is offering for sale what could be only the fourth Melbourne CBD holding to sell
Read moreMembers of Melbourne’s philanthropic Holckner family have sold a riverside office in Melbourne’s inner north-east suburb of Abbotsford for $41
Read moreLendlease, via its Australian Prime Property Fund, has acquired three industrial investments on Australia’s east coast for an $86.9 million
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AUSTRALIAN Reward Investment Alliance is reportedly in due diligence to buy a half share of Perth’s QV1 Tower for more than $300 million.
The $20 billion fund is believed to be buying the asset with the assistance of Eureka Funds Management. It is being offloaded by the Dexus Property Group, which holds the asset on behalf of superannuation fund STC.
The second half of the building is owned by Investa Property Group.
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CORPORATE heavyweights Bell Potter and Southern Cross Equities, which merged last year, have agreed to lease 3000 square metres of premium grade office space in Sydney’s landmark Aurora Place office building.
The lease, across the 37th and 38th floor, will see Bell and Southern Cross pay rent of about $1300 per square metre, per annum – amongst the highest rent paid for any CBD office in Australia.
Another tenant, Goldman Sachs, has renewed a 5000 square metre lease across three floors at the Grosvenor Phillip Tower, at the corner of Phillip Street and Farrer Place, also in Sydney.
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DEXUS Wholesale Property Fund has paid Colonial Direct Property Investment Fund $231 million for a portfolio of 13 industrial portfolios on Australia’s east coast.
The purchase includes eight properties in Sydney, three in Melbourne and two in Brisbane. Some are income producing investments, while others are development sites.
After the acquisition, DWPF’s portfolio allocation will be 57 per cent retail, 32 per cent office and 11 per cent industrial – though the plan is to boost the industrial allocation.
CORPORATE tenants Westpac and KPMG are expected to announce major Melbourne CBD office leasing requirements.
Bank Westpac is understood to be in the market for between 16,000 and 18,000 square metres of space. It’s currently based at the Dexus owned 360 Collins Street.
Consultancy KPMG is currently at 161 Collins Street, distinguished in the Melbourne CBD as having one of the largest single-level floorplates available.
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ABACUS Property Group has reaped $78 million from the sale of 343 George Street, Sydney.
In an ASX announcement the Sydney-based group confirmed it will settle to sell the property in September.
Abacus paid Dexus $55 million for the building last July, before leasing up vacant office and ground floor retail space.
Read moreHUMANITARIAN group Plan International Australia has leased 1000 square metres at the IBM Tower, at 60 City Road in Southbank.
The undisclosed rent is speculated at about $300 per square metre, per annum.
In June, Dexus Property Group announced plans for a $26 million refurbishment of its Southgate restaurant and retail complex, which is accessible to 60 City Road via a walkway.
Read moreA year since coming to the market, Dexus Property Group is believed to be formalising the sale of its huge 509 – 515 St Kilda Road office for about $55 million.
Well placed industry sources say a residential-focussed developer is in exclusive due diligence to buy the 7-level, 19,687 square metre office building, which straddles a 6,070 square metre double-sized block near the corner of Commercial Road.
They speculate the office building currently on the site – home to copier and printer giant Fuji Xerox and insurance group Aviva which also leases naming rights – will be demolished to make way for between two to three new high rise towers, flanked by ground floor retail.
THE ABACUS Property Group is believed to be in advanced negotiations to Sydney’s 343 George Street office building.
Following a $24.4 million cash injection by South African businessman Nathan Kirsh earlier this year, the fund manager is believed to be paying more than $50 million for the office, which was last valued at $56.4 million in September last year.
Read moreA NEAR new government-leased office building in central Bendigo and a shopping centre in West Geelong are amongst the assets for sale at a commercial property “expo”, underway at Southbank’s Langham Hotel.
The sale technique, which co-ordinator Knight Frank says is the first of its scale in Australia, exhibits about 150 properties – mostly shops, offices, factories and development sites worth less than $10 million.
QUEENSLAND-based travel agency Flight Centre is bracing itself for a loss, after deciding to sell the St Kilda Road office building it bought and renovated at the peak of the market 16 months ago.
Read moreCB Richard Ellis’s former Auckland Managing Director Warren Hutt has relocated to Sydney to head the company’s Asset Services division in the Pacific Region.
Read moreConstruction of a $260 million office building at the Paris end of Collins Street could start as early as June.
Read moreDespite selling his interest in the company eight years ago, Victorian Opposition Leader Ted Baillieu was the guest of honour at an event to celebrate Knight Frank’s 100th year at 360 Collins Street.
Read moreYet another office building in St Kilda Road has changed hands, this time to an Indonesian-born, West Australian-based private investor.
Read moreDEXUS Property Group today announced it had signed an innovative agreement with Boral to provide stormwater harvesting and ground water facilities to the Cumberland Country Golf Club from its new 47.4 hectare industrial development site in Greystanes NSW.
Read moreGE Real Estate is banking on the St Kilda Road office market to remain robust, while it flogs a part empty building at #553, known since September 11 2001 as the American Consulate General office.
Read moreQueensland-based fund manager Sunsuper will make a nifty profit from the sale of a St Kilda Road office building it bought at a trough in the market ten years ago.
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