Groups

IP Generation has acquired a 50% stake in Western Australia’s Rockingham Centre for $180.0m in its latest major shopping centre purchase.

Vicinity has received approval from Brisbane City Council for a city-shaping development that will transform Buranda Village into a modern, mixed-use precinct for the local community to live, work, shop and play.

Australasian real estate fund manager, Centuria Capital Group has delivered strong interim results for the first half of the 2023 financial year, underpinned by organic growth across its real estate platform, particularly within alternative sectors, and strong capital management.

MaxCap Group, one of Australia’s leading real estate financiers, has provided Deicorp Group (Deicorp) with a first mortgage construction facility for its $185 million Rosebery development known as ‘The Rothschild’.

Charter Hall Social Infrastructure REIT is pleased to announce the acquisition of a 49.9% interest in Innovation Quarter (iQ)

Sam Curry heads up ISPT’s retail investment and leasing teams and oversees a diverse portfolio of around 70 properties across Australia. He shares his thoughts on the year that was, and what’s ahead for retail in 2023.  

Charter Hall announces Allianz Australia has pre-committed to relocate its Melbourne headquarters to 555 Collins Street – part of a new $1.5 billion, twin-tower, state-of-the-art office precinct in Melbourne’s CBD – from December 2023 on a 10-year lease.

Australia’s largest listed pure-play office fund, Centuria Office REIT (ASX: COF), has leased c.30,000sqm across its Australia-wide portfolio during HY23, which materially increased its occupancy to a healthy 96.4%.

A 50% interest in a dominant Major Regional Shopping Centre has been put up for sale. JLL’s Nick Willis and Sam Hatcher have been exclusively appointed on behalf of an AMP Capital managed fund to sell its stake in Stockland Townsville shopping centre, via an International Expressions-of-Interest campaign.

Dexus announced it had successfully raised $420 million in new equity across Dexus Real Estate Partnership 1 (DREP1) and Dexus Healthcare Property Fund (DHPF), and secured two additional opportunities for DREP1

Construction of the first stage of Dexus’s and Dexus Wholesale Property Fund’s (DWPF’s) $2.5 billion Waterfront Brisbane is underway with builder John Holland Group now on site.

Australia’s largest listed pure-play industrial fund, Centuria Industrial REIT, has reported strong HY23 results underpinned by exceptional re-leasing spreads of 19%, up 8% on FY22, reflecting continuous industrial occupier demand within urban infill markets across Australia.

Lendlease and QuadReal Property Group (QuadReal) in partnership will deliver their first build-to-rent residential apartment building at Brisbane Showgrounds in Queensland.

Leading smart building technology company, IBMS Pty Ltd, announced today that it has completed a major rebranding and will henceforth be known as Avani.

Australasian real estate funds manager, Centuria Capital Group, has secured the Margaret River Shopping Centre, WA, for $15million, reflecting a 6.47% initial passing yield.