Lend Lease ’s Australian Prime Property Fund Commercial has beefed up its office exposure, buying an Adelaide office portfolio for about $175 million.
Viva Energy, formerly known as Shell Australia, is the latest blue chip tenant to make the leap from suburbs to city in a trend driven by high CBD incentives.
Financial services firm Challenger is edging towards moving its Sydney headquarters to 5 Martin Place in Sydney's central business district.
Super fund developer Cbus Property has signed up Viva Energy for a 4,400-square-metre lease at its newly built Docklands office tower in Melbourne.
One of the world’s largest privately owned property groups, Hines, has emerged as the preferred bidder on GPT Group’s $155 million Docklands asset.
GPT Group, backed by its wholesale office fund, has bought the CBW complex for $608.1 million, in one of the largest transactions in the Melbourne market for years.
AMP Capital expects an average income yield of 7 per cent over the next 10 years after buying the National Australia Bank building in Docklands for $433.5 million.