Like many developed economies, Australia is home to an increasingly ageing population. According to the Australian Institute of Health and Welfare, the median age has risen from 33 years in 1994 to over 38 years in 2024, with individuals over… Read More>>
Macquarie’s Local Residential Acquires $259M Melbourne Project From Hines
Local Residential has acquired a rental apartment development in Melbourne from US builder Hines, with the project said to have a stabilised asset value of A$370 million ($258.8 million).
The site at 15-37 Bank Street will yield 355 apartments with… Read More>>
Adrian Cheng’s C Capital Buys Australia Land for $3.2B in Industrial Projects
C Capital, the private equity firm co-founded by former New World Development CEO Adrian Cheng, has acquired 507 hectares (1,253 acres) of land near Melbourne for industrial projects with an expected end value of A$4.5 billion ($3.2 billion).
The land… Read More>>
Mapletree Sells Suburban Sydney Office Block to Growthpoint for $70M
Singapore’s Mapletree Investments has sold an office block in Sydney’s northern suburbs to Australian fund manager Growthpoint Properties for A$101.25 million ($70.2 million) as the unit of Temasek Holdings continues to liquidate a decade-old office venture.
The completed transaction for… Read More>>
Goodman to Invest $3.4B Developing 500MW ‘Project Atlas’ Data Centre Campus in Sydney
Australian builder Goodman Group has filed for an environmental assessment of a data centre project in western Sydney with an estimated investment cost of A$5 billion ($3.4 billion).
The scheme involves the redevelopment of Goodman’s existing Coles NDC logistics park… Read More>>
Lendlease Fund and Korea’s NPS Sell Aussie Mall to Fawkner for $604M
A joint venture of a Lendlease-managed private fund and South Korea’s National Pension Service has completed the sale of a suburban Australia mall to Melbourne-based investor Fawkner Property for a record-setting A$895 million ($604 million).
The transaction for Erina Fair… Read More>>
NextDC Wins Development Approval for $1.3B Melbourne Data Centre Campus
Australian data centre operator NextDC has secured development approval from the state of Victoria for a 150-megawatt digital infrastructure campus in Melbourne at an investment of A$2 billion ($1.3 billion).
The M4 campus will anchor the Fishermans Bend Innovation Precinct… Read More>>
Singapore’s OUE REIT in Exclusive Talks for $360M Stake in Sydney’s Salesforce Tower
OUE REIT is in exclusive talks to acquire a stake in Sydney’s Salesforce Tower, according to an announcement by the manager of the Singapore-listed trust on Thursday, with local news reports citing a value of A$1.8 billion ($1.2 billion) for… Read More>>
Blackstone Sells Perth Self-Storage Assets to BlackRock’s StoreLocal for Over $101M
Global investment managers continue to find gold in self-storage units, with StoreLocal, a mini-shed platform controlled by BlackRock, announcing on Wednesday that it has agreed to acquire a set of properties in Perth, Australia from entities controlled by Blackstone.
StoreLocal… Read More>>
Lendlease, Mirvac, Coombes to Develop Megaproject at Sydney Metro Station
Transit operator Sydney Metro has appointed Australian property groups Lendlease, Mirvac and Coombes to develop a pair of commercial towers above the future Hunter Street station in the Harbour City’s central business district.
Lendlease and Sydney Metro will deliver the… Read More>>
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