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RECENT
Hotel Site Hits Market in Melbourne
A hotel permit-approved landholding north of Melbourne in Westmeadows has been listed for sale by Savills agents Benson Zhou, Julian…
Centuria Launches Unlisted Agriculture Fund
Centuria Capital Group has launched an unlisted, open-ended agriculture fund, Centuria Agriculture Fund (CAF), which is seeded with a $177million…
Prized Melbourne luxury apartment development sells for $5.488 million
A prestigious luxury apartment development site in Melbourne’s inner south-east has been sold for$5.488 million to a private local developer,…
Dexus adds 2.2% valuation gain
Dexus has provided an update of its latest valuations revealing a 2.2% gain in value across 186 assets. Darren Steinberg,…
Stapylton Industrial Land Value hits Record
An industrial site in one of Brisbane’s most sought-after industrial precincts has sold for $17.2m off-market, highlighting the high demand…
GPT acquires North Sydney Office Building
GPT has quietly acquired a commercial office building in Walker Street North Sydney as long term development option in Sydney’s…
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office
Strong leasing deals secured as Sydney fringe continues to gain interest
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. The previously two vacant floors…
Return to Office Momentum Gathers Pace in Australia and New Zealand
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.…
Commercial property rent collection shows strong recovery
The latest rent collection figures from commercial property management software company Re-Leased reveal a strong recovery for Australia’s commercial property market. The report, which analyses rent collection levels in Australia…
Boeing Defence Australia commits to 123 Albert Street, Brisbane
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. Boeing’s pre-commitment will…
RETAIL
Bribie Retail Centre Snapped Up For $9m
A fully leased retail centre on Bribie Island north of Brisbane has been sold for $9 million following an Expressions of Interest campaign, adding further to a strong inventory of…
QIC Sells Castle Mall for $105m
QIC have ended their long term strategic investment in Castle Mall following the recent sale of Centre Mall to the Hills Shire Council for $105m. The neighbourhood shopping centre, which…
HomeCo Daily Needs REIT Sees Last Mile Convenience as Key to Growth
HomeCo released the latest valuation numbers for their Daily Needs REIT supporting their proposition that the portfolio strategy is in line with the shift to to omni-channel retailing and last…
Highfields Plaza sells for $16.3m in Active Retail Market
Highfields Plaza, located near Toowoomba, has sold for $16.3million in an off-market transaction, adding further to strong buyer activity for neighbourhood centres. Savills’ Peter Tyson and Jon Tyson handled the…
INDUSTRIAL
Frasers Property Industrial acquires 23.4-hectare land parcel in Cobblebank, Victoria
Frasers Property Industrial has acquired a 23.4-hectare premier industrial land parcel in Melbourne’s booming west, responding to significant industrial demand for the region. The new estate (“Cobblebank”) located at 1…
Bidder battle results in record price in Ingleburn
A warehouse in Ingleburn has sold under the hammer for $11 million, achieving a suburb record rate for a freestanding building within the suburb. With a site size of 5,168sqm…
GMK Logistics signs at Frasers Property Industrial’s Yatala Central estate in Queensland
Frasers Property Industrial has secured leading Australian flooring logistics supplier, GMK Logistics (GMK), as the final customer at its circa $500 million Yatala Central estate in South East Queensland, marking…
Cabot secures $41m Campbellfield site
US private equity real estate firm Cabot Properties has purchased a 93,074sqm landholding in Campbellfield for $41 million. The acquisition, located at 131-149 Somerton Road, will be Cabot’s fifth in…
DEVELOPMENT
Oreana Group acquires Riverwalk Town Centre from Development Victoria for $12.3 million
Oreana Group has acquired Riverwalk Town Centre from Development Victoria for $12.3 million following a contested campaign. The sale, negotiated by Colliers’ Retail Investment Services Directors’ Mike Crittenden and Tim…
Oxford Street asset sells for $2.4 million
An exceptional development opportunity at one of Sydney’s most iconic street addresses has sold to a private investor, setting an extraordinary benchmark as the first asset sold following recent council…
Microsoft Pays Top Dollar for Kemps Creek Data Centre Land
Microsoft has paid $131.2M for a 14ha site on Mamre Rd Kemps Creek for a massive new Data Centre in Western Sydney. Microsoft submitted a Development Application for the site…
STACK Infrastructure Expands APAC Footprint 124MW of Capacity across Melbourne, Canberra, and Perth
STACK Infrastructure, the digital infrastructure partner to the world’s most innovative companies and leading global developer and operator of data centers, today announced a partnership with Hickory, a leading Australian…
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