Singapore’s Frasers Property has agreed to sell a nearly completed build-to-rent project in Brisbane to a vehicle set up by US investment manager Barings and Australia’s third-biggest superannuation fund for a reported A$285 million ($202 million), according to market sources,… Read More>>
Boutique Fund Manager Buying Brisbane Offices From Deka for $287M Ahead of Olympics
Boutique Queensland real estate fund manager Marquette Properties has agreed to pay A$400 million ($287 million) to purchase a Brisbane office block from Germany’s Deka Immobilien Investments, as the company’s latest in a series of bets on commercial assets in… Read More>>
Mapletree Books Third Money-Losing Exit From Aussie Office Fund With $58M Brisbane Sale
Singapore’s Mapletree Investments has agreed to sell a South Brisbane office block for A$83 million ($58 million), with market sources confirming the pricing for the asset as the Temasek-owned group continues to unwind a seven-year-old Australia fund.
The disposal of… Read More>>
Far East, Chow Tai Fook Complete Takeover of $2.5B Queen’s Wharf Brisbane Casino
More than a year after agreeing to take over a Brisbane casino project from a troubled gaming operator, Far East Consortium and Chow Tai Fook Enterprises have taken full ownership of the A$3.6 billion ($2.5 billion) development after guaranteeing the… Read More>>
Vicinity Buying Out 75% Stake in Central Brisbane Shopping Centre for $150M
Australia’s Vicinity Centres will pay A$212 million ($149.5 million) to acquire the remaining 75 percent stake in a Brisbane retail block from co-owner IFM Investors.
Vicinity has owned 25 percent of Uptown since 1998 and manages the property, formerly known… Read More>>
Charter Hall Fund Buys Three Australia Shopping Centres From LaSalle for $254M
A Charter Hall fund has acquired three sub-regional shopping centres in Australia from LaSalle Investment Management for a total of A$360 million ($254.3 million).
The portfolio of so-called convenience-based assets, anchored by non-discretionary retailers, comprises Bonnyrigg Plaza in Sydney, Morayfield… Read More>>
CapitaLand Ascendas REIT Selling Brisbane Sheds to Cadence for $69M
CapitaLand Ascendas REIT has agreed to sell a warehouse complex in suburban Brisbane to Australia’s Cadence Property Group for S$90 million ($69 million), as the Singapore-listed trust continues to reshuffle its portfolio.
The property at 95 Gilmore Road, 22 kilometres… Read More>>
SMFL-Backed Aravest Buys Half-Stake in Brisbane Office Tower for Reported $131M
Aravest, a Singapore-based unit of Sumitomo Mitsui Finance and Leasing Co, has acquired a 50 percent interest in a 40-storey office tower in central Brisbane in a deal said to value the stake at more than A$200 million ($131 million).
Hong Kong’s Phoenix Teams With Centennial for $156M Brisbane Logistics Project
A joint venture of Hong Kong-based Phoenix Property Investors and Australia’s Centennial Property Group has acquired a site next to Brisbane Airport for development of a logistics park with an end value of A$240 million ($155.7 million).
The piece of… Read More>>
Barings Buys Majority Stake in Aussie Self-Storage Operator Swift for $130M
US fund manager Barings has acquired a majority stake in Brisbane-based self-storage platform Swift Storage for A$200 million ($130.2 million) as the asset class continues to draw institutional investors to Australia’s red-hot market.
The buy includes majority ownership of both… Read More>>
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