News on REITS & Property Groups

Mirvac starts construction on the latest stage of Eagle Farm Redevelopment

Mirvac will start construction on the $135 million Charlton House – the latest stage of Australia’s first racecourse fronting new community, Ascot Green – as Brisbane’s historic Eagle Farm continues to undergo a major redevelopment, helping to address the significant shortage of new apartments in the city.

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ESR Australia Closes Out EALP II with an additional $158.6million of national acquisitions

ESR Australia is maintaining the momentum of its acquisitions for its core plus logistics investment programme EALP II, deploying A$158.6million to acquire two well-located income-producing portfolios comprising eight assets spanning Brisbane, Melbourne, and Perth.

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Chadstone introduces The Social Quarter – its newest entertainment and dining precinct

Chadstone – The Fashion Capital today unveiled its brand new entertainment and dining precinct, The Social Quarter, which is on track to open this summer. The $71 million project spans more than 10,350 square metres of new area and accommodates a collection of 18 entertainment and sophisticated dining experiences. The vibrant 'all seasons playgrond' setting has been designed to suit any occasion, whether it be a date night, an after work catch-up or a mid-week family celebration. We are proud to be adding something unique to Chadstone with the launch of The Social Quarter. With the breadth of entertainment and dining options on offer, the first-of-its-kind precinct is a place where, no matter your age, the hour of the day, or the time of the year, you’ll find a destination that encourages play and celebration. Carolyn Viney Vicinity Centres Chief Development Officer The Social Quarter at Chadstone is set to open this summer and will welcome six new dining retailers: Cinque Terre, Cityfields, Piccolina Gelateria, White + Wong’s, Sardine Bar, and UA Brewing Co. including an onsite brewery producing sustainable craft beer exclusively for The Social Quarter. Four new entertainment brands – Archie Brothers, Strike Bowling, Holey Moley and Hijinx Hotel – will complement the new restaurants as well as Chadstone’s LEGOLAND Discovery Centre and HOYTS 13 screen cinema complex. Four new entertainment brands – Archie Brothers, Strike Bowling, Holey Moley and Hijinx Hotel – will complement the new restaurants. Credit: Vicinity Centres Download We’re excited to be able to welcome visitors to enjoy high-end restaurants with spectacular views across Melbourne to the CBD and views to the sky through the state of the art louvred glass roof made up of 468 individually glazed pieces. The Social Quarter will also showcase a new integrated art facade which envelopes the multi-deck car park in this part of the Centre. Carolyn Viney Vicinity Centres Chief Development Officer Sustainably designed in collaboration with leading architects Jackson Clements Burrows (JCB), Buchan, Decibel and Lat Studios, The Social Quarter at Chadstone brings together lush outdoor spaces and green landscapes. Targeting a 5 Star Green Star rating under the new Green Star Buildings Tool, the precinct has 199KW Solar Photovoltaic (PV) and will bolster the precinct’s building energy performance by more than 30 percent. “We are also happy to announce that The Social Quarter development has created more than 250 new jobs during construction with another 370 roles to be on offer once completed,” Ms Viney said. The Social Quarter will be open late, cementing Chadstone as a destination for domestic and international visitors less than 20 kilometres from Melbourne’s CBD.

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Council approvals unlock much-needed logistics sites at Leppington and Ingleburn in South West Sydney

Stockland has received Development Approvals for its Leppington Business Park (Stage 2) and Ingleburn Logistics Park (Stage 3) from Camden Council and Campbelltown City Council respectively, providing more than 84,000 square metres of much-needed logistics space in Sydney’s growing south west corridor.

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GPT deliveries Embodied Carbon Neutral Certification

In an Australian first, The GPT Group has achieved upfront embodied carbon1 neutral certification for a Melbourne logistics development through the Green Building Council of Australia (GBCA) and Climate Active.  

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