Drayton Central sold to SCA for $34.34m by Savills
SCA Property Group has closed another Queensland deal, snapping up the DraytonCentral Shopping Centre in Toowoomba for $34.34million. The off-market transaction was negotiated by Peter Tyson and Jon Tyson of Savills Australia.
Makris Group Adelaide shopping centre sold bringing tally to $181m by CBRE
Makris Group Adelaide’s Hallett Cove Shopping Centre sold for $71 million to South Australian developer Antunes Group. CBRE Head of Retail Capital Markets Pacific, Simon Rooney negotiated the three Adelaide deals on behalf of Makris Group.
A local investor has purchased a modern retail freehold on Sorrento’s main street at 141-147 Ocean Beach Road, Sorrento VIC for $4.85 million on a 1.57% yield by Benson Zhou and Julian Heatherich of Savills Australia.
Proxima health building Gold Coast to HomeCo Circa $80m by CBRE
Gold Coast HomeCo acquisition highlights demand for health-related investments. CBRE Michael Hedger, Joe Tynan, Mark Witheriff and Peter Chapple negotiated the sale of the Cottee Parker designed Proxima building between HomeCo and developer Evans Long.
Pallas Capital underwrites $1 billion in transactions; records $653 million transactions in the last year
“CRE lending, funded by private investors, established itself in the US and Europe many decades ago. It seems clear that it will become a very large asset class here in Australia over the next few years,” says Patrick Keenan, Chairman, Pallas Group.
4.5% yield is a regional NSW record for this asset class sold by Savills
Regional NSW retail asset leased to Dan Murphy’s sold for $11.187m at 4.5% by Steven Lerche, National Director, Retail Investments at Savills Australia, who negotiated the sale alongside colleague Andrew Palmer.
Strong pricing for industrial assets, and balance sheet management, drives upsurge in corporate asset sales - Knight Frank
Over the past year, deals involving a corporate seller have increased signifcantly in the share of total commercial investment volume in Australia. The increase has predominately been driven by ‘sale and leaseback’ deals as corporates look to rebalance and repair their balance sheets in the wake...
Dexus agree to fund, develop and invest in flagship Atlassian development
Dexus announced that it has entered into binding terms which provide a framework to fund, develop and invest in Atlassian’s new headquarters Designed by New York based SHoP Architects in partnership with Australian firm BVN. Darren Steinberg Dexus CEO said: “The Atlassian tower is a great...
WA continues to be the driving force behind positive national economic story – Ray White Commercial (WA)
New research shows an increase in interest in WA commercial property from interstate buyers, local investors and off-shore groups looking to capitalise on the state’s positive momentum.
Flexible workspace leader Hub Australia announces industry-first commercial operator agreement and new Melbourne site
Set to open in October 2021, it will be the first Hub Australia site opened outside of the Melbourne CBD in response to changing worker demands amid COVID-19.