Sector

Former Golden Century site sold

Savills and JLL have sold the vacant site in the humming Haymarket precinct to an undisclosed purchaser, representing one of the largest vacant possession transactions in Sydney CBD in the last 12 months

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ISPT and Hesta to develop OnCampus Hospital in Melbourne

Industry superannuation fund-backed property investor ISPT and industry super fund HESTA have announced a joint venture partnership to acquire a 50-year ground lease from St Vincent’s Health Australia (SVHA), on which they will co-develop an ‘on hospital campus’ medical office building of circa 12,000 sqm in the heart of Melbourne’s healthcare precinct.

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JLL sells two WA industrial development sites off-market as owner-occupier demand continues

Two industrial development sites at 92 Bedford Crescent, Forrestfield ($7.0m) and 24-26 Ewing Street, Bentley ($6.0m) has been sold off-market by JLL’s Director, Logistics & Industrial, Andrew Fife and Associate Director, Logistics & Industrial, Ross Palframan.

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Brisbane outstrips stereotypes with a high-end retail boom

As the dust settles on what has been a volatile few years for the Australian retail market, a new landscape has formed in Brisbane. Whilst widespread lockdowns were felt around the country, Queensland was largely undisrupted due to hard border closures and a more conservative approach in comparison to other states.

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Centennial and MaxCap lodge DA with Brisbane City Council for $90m ‘inner-ring’Industrial & Logistics park

Leading Australian property fund manager Centennial has completed the strategic acquisition of three adjoining sites in Brisbane’s inner southern suburb of Willawong for a combined purchase price of $14.35M, in a joint venture with real estate investor and financier, MaxCap Group.

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New $40m Retail Centre in Howrah now complete

Construction on Tipalea Partners’ brand new $40 million Glebe Hill Village retail centre has officially reached completion, delivering the first new neighbourhood shopping centre in metropolitan Hobart in over a decade.

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RF CorVal Acquire Hemmant Industrial Land

As developments of several major land parcels within the TradeCoast commences, hardstand industrial assets are becoming extremely scarce, creating pent up investor demand for hardstand sites across the East Coast.

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GURNERT & Qualitas submit plans for $450m build-to-rent precinct

Multi-billion-dollar developer GURNERâ„¢ and leading Australian alternative real estate investment manager Qualitas have submitted plans for their first Build to Rent development in Sydney, at 12 Hassall Street Parramatta, that will add $450million to their rapidly expanding GQ BTR portfolio.

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Demand for CBD Office Space remains strong, Despite Pandemic

Demand for CBD office space has remained strong across Australian capital cities with the office sector showing resilience in the face of bleak predictions caused by the pandemic. According to the Property Council of Australia’s latest Office Market Report, tenant demand lifted an average 0.5 per cent across the country’s CBDs.

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