Office

It was a watershed year for Environmental, Social and Governance (ESG) investing in real estate in 2021 as pandemic- and climate-related disruption, along with growing recognition of social inequity, prompted investors to adopt a more robust approach to sustainability-related risks.

Shayher Group has acquired a 100% freehold commercial asset in the heart of the Sydney CBD from AEW for $199 million, as local and offshore privates and institutions battle it out for safe haven investments across NSW.

The South Sydney office market is fast-becoming a go-to destination for large corporations looking for an expanding and affordable alternative to the CBD.

COVID-19 has accelerated the world in ways that will undoubtedly alter the course of business for decades to come, transforming conventional notions of where and how we work.

Singapore listed CapitaLand Integrated Commercial Trust (CICT) has purchased a 50% interest in North Sydney’s Greenwood Plaza and neighbouring office, 101-103 Miller Street from Nuveen.

The Australian Unity Office Fund has terminated the merger with sister fund due to feedback from Investors.

The Dexus Office Partnership, a joint venture between CPPIB and Dexus has exchanged contracts to sell its 100% interest in 140 & 150 George Street, Parramatta.

Irongate Group has acquired a 50% interest in 510 Church Street, Cremorne for $130M and 100% of an of an industrial business park located at 16 Aspiration Circuit, Bibra Lake WA (Bibra Lake Property) for a purchase price of A$26 million.

Spirit Super has acquired the Parliament Square mixed-use precinct in Hobart for around $330m from the Schwartz family.

The Australian Unity Office Fund will feel the impact of the relocation by Telstra from its 30 Pirie Street, Adelaide asset.

Abacus Property Group has exchanged contracts to acquire a 100% leasehold interest (296 years remaining) in 77 Castlereagh Street, Sydney NSW, with settlement anticipated in January 2022.

Charter Hall Group announced that its BSWF partnership, which includes CPOF, the Group and Canadian pension investor PSP Investments, has secured a lease renewal agreement with Bankwest at the Company’s Perth headquarters at 300 Murray Street, known as Bankwest Place.

Charter Hall Group has secured a pre-commitment from Telstra at its $450 million 60 King William Street development in the Adelaide CBD.

New data analysis highlights a return to office snapback, with Sydney’s re-emergence from this year’s lockdown being 50% faster than last year. 

The GPT Group (‘GPT’) has announced that the GPT Wholesale Office Fund has recently acquired four properties to create an amalgamated development site of 3,150 square metres (sqm) in the Parramatta CBD