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Zenith office towers sold for $438.2 million

Centuria Property Funds and a private fund managed by BlackRock have sold The Zenith, Chatswood to Starwood Capital and Arrow Capital Partners for $438.2 million.

National

Markets

Australia's student accommodation progressing to operational phase - JLL

Institutional investors are being attracted to Australia’s student accommodation sector as it matures into the operational phase, according to JLL.

Western Australia (WA)Perth

Featured Listings

Murray Street office for sale to capitalise on strengthening Perth market

A Perth-based investment syndicate has appointed CBRE to sell 503 Murray Street in the Perth CBD in a move expected to generate investment interest of between $45 million and $50 million.

News Roundup

https://www.therealestateconversation.com.au/news/2019/06/11/was-there-shift-the-brisbane-market-last-week/1560214476

Was there a shift in the Brisbane market last week?

An increase in Brisbane auction volumes across last week has been met with a reduced clearance rate across the city, suggesting vendors are confident in direction of the market.

The Real Estate Conversation

https://www.theindustrialist.com.au/news/2019/06/11/hawley-products-nails-new-spot-sydney%E2%80%99s-north-west/1560227859

Hawley Products nails new spot in Sydney’s north-west

Nail and beauty distribution giant Hawley Products has inked a five-year lease on a new industrial facility in Sydney’s north-west.

The Industrialist

https://www.thehotelconversation.com.au/news/2019/06/10/how-boutique-hoteliers-can-boost-their-cash-flow/1560165871

How boutique hoteliers can boost their cash flow

BMT Tax Depreciation have advised that boutique hotel investors may be eligible for thousands of dollars in property depreciation deductions, a non-cash deduction, meaning hoteliers don’t need to spend any money in order to claim it.

The Hotel Conversation

https://www.theaseandeveloper.com/news/2019/06/07/designs-unveiled-new-timber-office-building-melbourne-central/1559890273

Designs unveiled for new timber office building at Melbourne Central

Plans for a large-scale timber office building in Melbourne's CBD have been released to the public.

The Asean Developer

https://www.thehotelconversation.com.au/properties/2019/03/11/travelodge-adelaide-hotel-sale-karen-wales-gus-moors-colliers-international

Travelodge Adelaide hotel for sale - Karen Wales, Gus Moors, Colliers International

Mandala Group has appointed Colliers International as exclusive agents to seek offers for the pre-purchase of a new build 220-room Travelodge hotel in Adelaide, scheduled to be completed in 2021.

THE HOTEL CONVERSATION