Office

PGIM Real Estate has confirmed the purchase of 444 Queen Street in Brisbane for $54.4 million from sellers Abacus Property Group and The Public Trustee of Queensland, adding to its growing presence on the street.

The Workzone East building in Perth has achieved the significant title of becoming the first Carbon Neutral commercial building in Western Australia.

Brookfield Properties has reached practical completion on the $950 million mixed-use development at 405 Bourke Street, Melbourne

Throughout a five year period of proactive asset management, Centuria Capital has greatly improved the sustainability of its office building located at 1 Richmond Road, Keswick, South Australia with the property’s NABERS Energy rating rocketing from 3.0 stars to 5.5 stars.

Real estate investor and fund manager, Cromwell Property Group, has agreed to acquire 100 Creek Street, Brisbane on behalf of unitholders in the Cromwell Direct Property Fund (DPF or the Fund).

The Strathpine Centelink office has been sold to a private investor for $7.2m as well located properties with quality covenants continue to be in demand.

The China Investment Corporation is reported to be backing out of its plan to acquire a 50% interest in Grosvenor Place from Dexus & the Dexus Office Partnership with CPBIB.

Leasing activity remains robust as CBD office markets record the strongest quarterly net absorption result since 4Q 2018

Centuria Office REIT provide an operating update for Q1 FY22, with expectations of a strong return to Metro office locations as lockdown conditions ease.

Investment manager Terraplex is offering a prime St Kilda Road asset for sale as the Melbourne office investment market continues to gain momentum.

Altis Property Partners has listed a significant Canberra office asset for sale which is expected to fetch close to $80 million, amid predictions that ACT commercial property sales will top $1 billion this year for the first time

A longstanding Government building will be sold in the regional Victorian town of Sale, after almost 30 years of tenure with both the State and Federal Government.

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.