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>>
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>>
PGIM Buys Melbourne Site for Data Centre Campus, Plans $850M First Phase
PGIM Real Estate has acquired a site in the industrial heartland west of Melbourne for development of a data centre campus, as the fund manager continues to grow its digital infrastructure footprint in Asia Pacific.
The 20.7 hectare (51.2 acre)… Read More>>
Charter Hall Teams With Mitsubishi Estate to Develop Melbourne Industrial Park
Australian fund manager Charter Hall has formed a joint venture with Japanese property giant Mitsubishi Estate to develop an industrial park in Melbourne’s western suburbs.
The project will provide 40,000 square metres (430,556 square feet) of warehouse space as the… 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>>
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>>
Charter Hall Buys Melbourne Mall From Hong Kong Investor for $139M
Charter Hall has purchased a regional shopping centre in Melbourne’s eastern suburbs for A$210 million ($138.7 million), marking the Australian fund manager’s second mall buy in as many weeks.
The acquisition of Burwood One in Burwood East was made on… Read More>>
Tokyo Tatemono Buying Minority Stake in $327M Lendlease BTR Project in Melbourne
Japanese real estate group Tokyo Tatemono is buying a stake in Lendlease’s A$500 million ($327 million) build-to-rent project under construction in central Melbourne.
The TSE-listed firm will acquire the minority equity interest in 899 Collins Street, a waterfront development in… Read More>>
Mapletree Sells Melbourne Office Block for One-Third Off 2017 Acquisition Price
Mapletree Investments has contributed to a growing list of bargain Australian office deals with the Singapore firm reportedly having sold 417 St Kilda Road in Melbourne to a local retail magnate for over A$90 million ($59.5 million).
At the reported… Read More>>
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