Sector

Despite market uncertainty, face rents in Sydney, Melbourne, Brisbane, and Perth were stable or higher in Q3, reflecting new and higher quality stock coming online, according to Cushman & Wakefield’s Q3 2022 Office Marketbeat

A vacant commercial property in Brisbane’s east will be repositioned and re- leased following its sale to Alceon for $13.65 million.

South-west Sydney's largest homemaker hub has a new owner after being purchased for over $300 million by international investor LaSalle Investment Management.

A farm in the Eastern Riverina region of New South Wales that combines Murray Cod fattening and a citrus plantation has been listed for sale.

A partnership between Sim Lian Group and the listed Metro Holdings Limited, both from Singapore, has snapped up Shepparton Marketplace for $88.1 million.

Lendlease and Revelop have today announced the Development Application approval for the circa $50 million Calderwood Village, located in Lendlease’s $380 million masterplanned community in the Illawarra.

Multi-billion-dollar developer GURNER™ has solidified its Queensland presence with a high-profile local senior team and a new office location, building on the developer’s Melbourne Head office and recently announced Sydney expansion.

The Sydney Olympic Park office market has a vacancy rate of 5.9%, the lowest vacancy rate of the 19 Australian office markets tracked by JLL.

Construction of Adeney Private Hospital, which will be operated by a doctor-led joint venture with Medibank, is underway with developer Centuria breaking ground on the $75million, four-storey building today.

Premier global construction company Multiplex has completed the heritage redevelopment of Brookfield Properties’ 285 George Street, delivering a boutique 10-level mixed-use building in the heart of Sydney’s CBD at Wynyard.

Pelligra Group has purchased a three-level, 2,170sqm commercial office building at 50 Hindmarsh Square in Adelaide’s CBD from Hindmarsh View Properties in a transaction brokered by Rino Carpinelli and Ryan Mills of Savills Australia.

Construction has kicked-off on Australia’s newest city, Bradfield City Centre, a visionary undertaking that will create more than 17,000 jobs and accelerate a wave of new advanced manufacturing, research and innovation in Western Sydney.

KPMG Australia is expanding its reach to Geelong as part of the firm’s regional growth strategy aiming to support mid-market and larger medium sized businesses through a range of KPMG’s professional services

An Industrial offering situated over two titles at Northgate, around 14 kilometres north of the Brisbane CBD, with the potential to value add has sold for $8.8 million.

Qualitas has secured a new capital commitment from a global institutional investor to invest A$440 million in the Qualitas Construction Debt Fund II (CDFII).