Australia Post sells half share in Melbourne tower to Singaporeans
Australia Post has inked a deal with giant Singaporean fund Keppel REIT to sell it a $347.8 million half share in a Melbourne tower to be built for Victoria Police.
Australia Post has inked a deal with giant Singaporean fund Keppel REIT to sell it a $347.8 million half share in a Melbourne tower to be built for Victoria Police.
The Spotlight Group has sold a permit-ready development site in central Box Hill, which was listed with a price guide of about $50 million.
Acquisitive fund manager Centuria has followed up its purchase of Target's headquarters in Melbourne's west with an industrial deal worth $37 million.
Quarry owner and private developer Paul Lofitis has gained planning approval for a 20-storey apartment complex on a site in Spencer Street he purchased for $12.75 million in December last year.
Stage one of the $1 billion Saraceno-Schiavello M City project in Clayton has almost sold out in just two weekends of marketing.
Its been a matter of out with the old and in with the new in the final week of the 2017 financial year.
Discount retailer Target may be struggling with sales, but a head office it recently leased for a 10-year period in Melbourne's west has sold to Centuria Property Funds for $58.23 million.
Investors have snapped up more than $360 million of City fringe assets, but with supply tight, the prices paid are matching the central business district.
Owners of the home of the popular Winery bar and restaurant in a mixed use development in Surry Hills, are taking advantage of the rising investor demand for city fringe assets, with the sale of the freehold site, valued at about $70 million.
The low interest rate environment has seen a rise in demand in the Sydney CBD sub-$5 million office strata market as small businesses, who are tenants, are now getting a better return through buying the properties.
NORTH SYDNEY $575 sq m gross.
Robert Millner and the team at Soul Pattinson's investment group URB Investments Ltd have acquired just over 900,000 shares, or 1.5 per cent, in BlackWall Ltd.
While sustainability in the built environment has traditionally been associated with environmental aspects such as energy, water and waste, there has been a huge spike in interest in the benefits associated with social initiatives as we take a more people-centric approach to sustainability.
Japanese-owned watch company Seiko is set to open its first boutique in Melbourne in Little Collins Street.
Few architects are given a relatively pristine enclave of natural bush to work with.
Frasers Property Australia has netted $8.2 million from two 10-year lease deals, including one to Australia's largest childcare provider, at its Mulgrave "Wellington 2eleven" business park development.
Luxury hotel operator Mandarin Oriental Group will open its first Australian hotel in a stunning, vase-like Melbourne tower designed by the world's greatest female architect, Zaha Hadid, before she died unexpectedly last year.
Apartments with city views over the water in one of property giant Mirvac's developments are being offered to buyers at a whopping $59,400 discount on their $495,000 advertised price.
Dexus Property has made good on its intentions to expand into the $125 billion hospital and medi-centre sector.
Property investor Centuria is taking advantage of the strong Sydney office market with the sale of its Swire House at 10 Spring Street tower, with an estimated value of more than $220 million.
Three low-rise buildings around the city's south-west tip are in the process of exchanging hands in deals totalling about $80 million.
Leasing activity is heating up in Sydney's west as the area benefits from major infrastructure developments by the NSW Government.
An owner-occupier has purchased one of the largest vacant land parcels in Fishermans Bend, which currently has a 12-level residential redevelopment permit in place.
House prices have again lifted in Sydney and Melbourne but have eased in Brisbane, Adelaide and Perth.
Billion-dollar hotel developments in Sydney and Queensland, a shareholding in Virgin Australia, and the Australia's biggest cinema chain will come under the scrutiny of Chinese regulators trying to rein in a US$215 billion ($284 billion) overseas buying spree by Chinese companies.
Yield-chasing investors have galvanised office markets as they run the ruler over a multi-storey complex in downtown Melbourne and a St Kilda Road office tower, just two of multiple deals in play along Australia's east coast worth up to $2 billion.
Ardent Leisure's new chief executive Simon Kelly has moved to put his stamp on the business,
Listed property trust APN has lodged the prospectus for its long-awaited servo trust, a $323 million portfolio of 67 petrol stations and convenience stores.
Upmarket David Jones is undertaking a $100 million upgrade of its food business over the next three years, which will include the roll-out of stand-alone branded convenience stores.
A mystery shopping trip to buy an apartment has uncovered a top tier developer offering a whopping $59,400 discount on a $495,000 apartment, about 12 per cent of the purchase price.
On-demand cleaning and tradie platform UrbanYou is rolling out nationally.
These entrepreneurs are cashing in on our desire to nest.
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