Office

A substantial building suited to both Healthcare and Commercial Office is poised to be offered via lease in the coming weeks

CapitaLand Investment Limited has acquired a freehold office tower in the Western Core of Melbourne’s Central Business District for its flagship regional core-plus fund, CapitaLand Open End Real Estate Fund (COREF).  

Victoria University have sold a redundant office building at 225 King Street Melbourne for $40m.

Quintessential Equity is pleased to announce the sale of 39 Brisbane Avenue, Barton, a premium office development located within Canberra’s most prestigious office precinct.

Sublease availability in Australia’s five biggest cities has fallen by more than 100,000sqm in the year to date, largely on the back of an 81,300sqm reduction in Melbourne

Charter Hall Group and Victorian Funds Management Corporation have launched the start of construction at 480 Swan Street, Richmond, for Australia Post’s new $460 million National Support Centre, due for completion in 2024.

Local and offshore buyers continue to circle the Melbourne CBD with three freestanding office buildings changing hands in quick succession in a flurry of activity.

Growthpoint Properties has exchanged contracts with Dandenong GSB Pty Ltd to purchase Government Service Office (GSO) Dandenong, an A-grade modern office asset located at 165-169 Thomas Street, Dandenong, Victoria for $165 million.

A prime 1,550sqm office space on Sydney’s city fringe has been successfully leased as education tenants continue to target the region throughout the covid recovery.

While hybrid working has become the new normal, full time working from home is set to become increasingly rare in Australia and New Zealand, according to CBRE’s latest Occupier Survey.

The latest rent collection figures from commercial property management software company Re-Leased reveal a strong recovery for Australia’s commercial property market.

Brookfield’s 108 St Georges Terrace has come to market and is set to generate significant local and offshore interest, with offers for the Perth CBD landmark tower anticipated to be more than $350 million.

Dexus as secured a pre-commitment from Boeing Defence Australia across approximately 12,000 square metres at 123 Albert Street, Brisbane which is undergoing a circa $200 million upgrade.

Real estate investor and fund manager, Cromwell Property Group has exchanged on the sale of 200 Mary Street, Brisbane for $108.5 million to Wingate.

Frasers Logistics & Commercial Asset Management will acquire a fully leased freehold suburban commercial property in Mount Waverley, Victoria, Australia for $60.25 million.