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.
Foreign investors, keen to park their money in a safe haven, accounted for 42 per cent of the $1.5 billion spent on Melbourne office buildings in the past financial year.
One of the biggest direct commercial property sales in Australia’s history is underway with GPT and its unlisted stablemate GPT Wholesale Office Fund, and AMP Capital snaring preferred bidder status on $1...
Premium investment yields in Melbourne have tightened below 6 per cent for the first time since the financial crisis as super fund developer Cbus Property moves to secure a $1 billion-plus divestment of two office...