Diversified property developer Time & Place has acquired Melbourne’s iconic Hotel Lindrum which sits at 26-30 Flinders Street. The triple fronted property, which has one of the CBD’s most famous facades, was sold with a permit in place for a 30-level mixed-use hotel and residential project.
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Aware Super acquires additional 24.9% interest in Lendlease
Retirement Living Trust
One of Australia’s largest superannuation funds, Aware Super, will acquire an additional 24.9% interest in the Lendlease Retirement Living Trust, having purchased an initial 25% interest in March 2021.
Read More »One million square metres of Premium or A-Grade Australian office space has NABERS upgrade investment potential
Measuring NABERS outcomes over the past five years has led to a 17% uplift in Australian office buildings rated 5-star or above, with Premium and A-grade assets primed for vast upgrade potential, as revealed in CBRE’s latest analysis
Read More »Office Leasing Surge at Melbourne’s M-City
Schiavello Group has leased over 8,000qm of office space in under four months at its new $1 billion M-City complex in Melbourne’s south-east.
Read More »Fortis acquires Bronte site for $125 million residential project
Fortis has acquired its first site in Bronte for $44 million. Offering breathtaking views of the ocean, the site is located at 122-128 Hewlett Street.
Read More »Landmark Bondi Beach corner up for sale
Three iconic buildings in the heart of Bondi, including Noah’s Backpackers, are set to be sold in one of the largest development opportunities for the Eastern Suburbs in the last decade.
Read More »MaxCap Group Funds Homecorp Property Group’s $150 million Eve Residences at Labrador
MaxCap Group, Australia’s leading real estate financier has arranged a first mortgage construction funding facility for a luxury residential development on the Golden Mile strip of Labrador, continuing its strong growth trajectory in Queensland.
Read More »2022 Federal Budget
The Australian Federal Government has announced almost $A40 billion of new spending across the five years from 2021-22 to support economic growth for Australia. This is however akin to releasing the flood gates when the river is already full, and clearly framed in re-election politics.
Read More »Prestons logistics asset transacts for $58.255 million at 3.35%
A premium institutional-grade logistics facility in the heart of Australia’s supply chain network has been acquired by Pittwater Industrial for $58,255,000, at a yield of 3.35%
Read More »Popular Lower North Shore hotel finds a buyer
A private purchaser has snapped up the 4-star Hotel Urban on Sydney’s Lower North Shore for $8.1 million, which equates to $261K per key for the freehold components.
Read More »Prime corner landholding offers endless options in Elsternwick
A prime corner landholding with significant future potential is set to make waves when it hits the market on a high profile retail strip already attracting keen investor
Read More »Charter Hall has Support of Irongate for Takeover
A Charter Hall managed partnership comprising Dutch pension fund PGGM and Charter Hall has entered into a Scheme Implementation Agreement (SIA) with Irongate Group to acquire all IAP stapled securities via trust schemes of arrangement.
Read More »Goodman supports Ukraine humanitarian crisis with €1 million commitment
Responding to the growing humanitarian crisis in Ukraine and surrounding countries, the Goodman Foundation, the philanthropic arm of Goodman Group, is committing €1 million (AUD 1.4 million) to support emergency response and ongoing aid.Â
Read More »Charter Hall and Cbus Property secure lease extension with BHP
Charter Hall Group and Cbus Property have secured a seven-year lease extension with BHP Group Limited (BHP) at 171 Collins Street in Melbourne
Read More »Construction underway at Mirvac’s Auburn industrial estate switchyard
Construction has commenced at Mirvac’s new 14-hectare industrial estate at 300 Manchester Road Auburn (known as Switchyard) today, a state of the art last mile logistics facility set to provide over 700 construction jobs, and 1,000 permanent jobs once completed.
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