Office

New data shows commercial vacancy rates of key northern hemisphere cities are inversely impacted by vaccination rates: as vaccination goes up, mobility increases, investment increases and commercial vacancy declines.

WorkZone West, located at 202 Pier Street in Perth, was built in 2013 and was designed as a 5 Green Star building. The A grade building accommodates seven levels of office area and ground floor retail across 15,601 sqm NLA, with 141 bays in the basement parking. The property was …

HThree City Australia has acquired Melbourne’s 446 Collins Street office tower from a Vantage Property Investments client for $72,625,000.

Centuria Capital Group will develop a c.$40million A-Grade boutique office building in the heart of Adelaide’s CBD, illustrating the Groups confidence in the regional and metropolitan office markets

The City of Parramatta has spent approximately $65m to acquire an A Grade Office in Wentworth Street.

ISPT and partner Brookfield have reached the first stage of practical completion on the $950 million office and retail development at 405 Bourke Street, Melbourne.

The GPT Group has signed leases with leading Australian buy now, pay later platform Afterpay and cloud-based human resources software provider ELMO Software, at its recently completed Queen & Collins redevelopment

In the past month, ESR Australia has secured three new customers to 73 Miller Street, North Sydney, with the electronics division of Sony Australia, financial service providers Axi and utilities provider Altogether Group, each choosing to locate their new headquarters to ESR’s newly redeveloped office building.

Singaporean fund manager AIMS APAC REIT has confirmed their intention to acquire the Woolworths headquarters in Bella Vista, north-west Sydney at a price believed to be c$450m.

Centuria has secured a $62.75million, A-Grade modern office building in the heart of Port Adelaide’s urban regeneration precinct, for its new single-asset close-ended, unlisted real estate fund

Demand for inner city office assets is holding up well with the sale and settlement of 39-47 Regent Street, Chippendale for $68.5 million to Intera Group.

Charter Hall has secured a 10-year pre-lease agreement with Australia Post as the anchor tenant customer for its new $410 million office development at 480 Swan Street in Richmond.

Centuria Office REIT (COF), has acquired two high-quality office acquisitions in key near-city and metropolitan Melbourne and Sydney markets for a total purchase price of $273.1 million

Following their recent acquisition of 313-317 Kings Way in South Melbourne, Fortis has officially lodged plans with the City of Port Phillip for the construction of a premium commercial space at the site. 

Real Asset Management is reported to be paying Lendlease $115 million for a recently refurbished, fully leased Canberra office.