Weekly Transaction Update – 12th May12 May 2017
With the 2017 Federal Budget taking centre stage this week, there was little coverage of property transactions with just $35M+ reported. The largest deal was the investment by Stockland into a large 315Ha site in Truganina, VIC in which Stockland will join with the existing landowner via a Development Agreement to develop the site that will yield over 5,000 homes. The site adjoins another 400ha which Stockland may also look to acquire upon rezoning in a few months time. The other transactions this week were a small commercial office park in Mulgrave and a Residential Development site in Toorak. With the Federal Government making residential investment by SMSFs harder, there is likely to be a greater inflow of funds into small scale commercial assets and funds. Scroll through the list below or head to Propel for further details.