Office

Mirvac has lodged plans for a $670-million commercial tower in Brisbane’s CBD, a 29-storey, A-grade office tower across an amalgamated site fronting Turbot Street.

The Property Council of Australia’s latest Office Market Report has highlighted the resilience shown by the Sydney CBD office market during the most pressing times in recent history.

360 Collins Street in Melbourne is now 99% leased following strong leasing activity over the past six months, demonstrating continued demand for high-quality office space despite the current economic climate.

Marprop Real Estate has picked up the Australian Federal Police College in Barton, ACT for $60m.

GDI has exchanged contracts to sell 50 Cavill Avenue, Surfers Paradise, for $113.5 million.

An Iconic Chatswood Office tower has been sold for $56m.

Centuria Capital Group’s investment strategy to secure high quality, Government-tenanted office assets is generating strong traction with investors, resulting in a successful end of term divestment as well as its latest offering, involving Australia’s largest single-asset retail capital raise for an unlisted fund, closing early due to high demand.

Dexus today announced that it has acquired a 49% interest in a holding unit trust that owns Capital Square Tower 1 at 98 Mounts Bay Road in Perth, for a total consideration of $339 million.

Australian Unity Office Fund is pleased to announce the acquisition of a brand new, A-Grade office building at 96 York Street, Beenleigh, Queensland for $33.52 million (excluding acquisition costs), representing a capitalisation rate of 5.75%.

Dexus today announced that it has entered into binding terms which provide a framework to fund, develop and invest in Atlassian’s new headquarters in Sydney, located adjacent to the Central Place Sydney development, and within the State Government-led Tech Central precinct.

A number of major occupiers have signed new or renewed leases at leading Melbourne commercial asset 101 Collins Street, signalling early signs of strong recovery across Australia’s office markets.

Australian Unity Office Fund has concluded its strategic assessment and announced that it is considering a merger of AOF and a diversified wholesale fund managed by Australian Unity.

Charter Hall Group (Charter Hall or the Group) has today announced that the Charter Hall Prime Office Fund (CPOF) has acquired the remaining 50 per cent stake of 275 George Street in Brisbane from Keppel REIT, taking its ownership of the building to 100 per cent.

Lendlease today announced that the National Pension Service of Korea (NPS), one of the world’s largest pension funds, has acquired a 100% interest in Melbourne Quarter Tower

Centuria Office REIT has completed $405 million of debt refinancing, and obtained external valuations on 14 of its 22 properties as at 30 June 2021, resulting in a $16.3 million increase.