Peter Menegazzo, the fund manager for the Investa Commercial Property Fund, is at the pointy end of one of the big debates in Australian nonresidential real estate – will “yield compression” drive up prices for prime office towers?
After announcing in its 2012 annual result that it had exceeded expectations with a net profit of $594.5 million, GPT has purchased a 50 percent interest in a Melbourne CBD office tower for its Wholesale Office Fund (GWOF).
The chef behind the popular East Brunswick pizzeria 400 Gradi is set to open a restaurant in a prominent new retailing precinct across from Etihad Stadium.
Queensland Deputy Premier Jeff Seeney and Treasurer Tim Nicholls joined representatives from Cbus Property on Monday for the start of building works on the state's largest office tower.
GPT’s blue-chip unlisted office fund is acquiring a 50 per cent stake in the $320 million Ernst & Young tower in Melbourne from its owner, Cbus Property. The landmark tower rises from the historic five-storey Herald & Weekly Times building, which Cbus finished redeveloping in 2005.
GPT’s blue-chip unlisted office fund is acquiring a 50 per cent stake in the $320 million Ernst & Young tower in Melbourne from its owner, Cbus Property.
The $2.5 billion Investa Office Fund, in partnership with the Investa Commercial Property Fund, has spent $462 million to buy Leighton's development at 567 Collins Street, Melbourne.