Lendlease reported a loss of A$318 million ($225 million) for the six months to the end of December, as the Australian builder continues to execute on a multi-year overhaul aimed at scaling back overseas development and focusing on domestic operations.
Melbourne Market Shows Signs of Life as Spotlight Group Buys Toorak Complex for $131M
Melbourne’s beleaguered commercial property market is showing signs of recovery, with the Victoria capital recording what is said to be its biggest office deal so far this year with a reported A$185 million ($131 million) sale of a property in… Read More>>
Dash Living Picking Up Former Hong Kong Hotel From Gale Well at 70% Off 2019 Price
Hong Kong’s plummeting property values have provided Dash Living with an economical opportunity to expand its portfolio in the city, as the Rava Partners-backed rental residential operator picks up a Wan Chai district property at 70 percent off the 2019… Read More>>
UOB, OUE REIT Prep $1.9B Sale Campaign for Singapore’s One Raffles Place
Another downtown landmark is set to test Singapore’s rebounding commercial property market, as UOB Group and OUE REIT quietly prepare to put One Raffles Place up for sale for as much as S$2.4 billion ($1.9 billion), market sources confirmed to… 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>>
BGO Buying North Sydney Office Building From Dexus for $395M
Fund manager BGO has agreed to acquire an office tower in North Sydney from Australian property giant Dexus and a Dexus-managed vehicle in a deal valuing the property at A$558 million ($394.7 million).
The transaction of 100 Mount Street was… 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>>
The Living Company Wins State Nod for $1B Sydney BTR Precinct
The Living Company has received development consent from the state of New South Wales for a Sydney residential precinct with an investment value of A$1.5 billion ($1 billion).
The approval clears the path for the company formerly known as Scape… Read More>>
Dexus Income Jumps 31% as Asset Valuations Bounce Back
Australia’s Dexus Group posted a net profit of A$348.5 million ($246.5 million) for the six months to the end of December, up strongly from A$10.3 million in the year-earlier period, as asset valuations in the commercial property giant’s portfolio turned… Read More>>
Blackstone Leads $1.2B Funding Round for India AI Data Centre Startup Neysa
Blackstone is expanding its bets on digital infrastructure in India, with the private equity titan on Monday announcing its lead role in a $1.2 billion capital raise for Mumbai-based AI data centre startup Neysa.
Blackstone-managed funds and co-investors will provide… Read More>>
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