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242 Exhibition Street, Melbourne

Charter Hall, PSP Investments snap up US$582m Melbourne office tower

Australian property fund manager Charter Hall, Canada's Public Sector Pension Investment Board and the Charter Hall Prime Office Fund have acquired Telstra's global headquarters...
M&A

Australian Aveo names Brookfield as preferred takeover partner

Australian-listed senior living group Aveo has confirmed it is in takeover talks with Canada's Brookfield Property Group, naming the major real estate investor as...
Northpoint Tower

Cromwell strikes Sydney office deals worth A$413.3m

Australian-listed Cromwell Property has sold its half-stake in Sydney's Northpoint Tower for A$300m after purchasing the Altitude Corporate Centre in the same city for...
Investment generic

Dutch APG enters Asia Pacific debt market with US$420m Australian venture

Dutch pension fund APG has committed up to A$600m (US$419.5m) to Australian real estate debt investments in its first foray into Asia Pacific property...
21 Harris Street, Pyrmont resized

ARA’s Suntec REIT snaps up Sydney office project for US$207m

Singapore-listed Suntec REIT has snapped up an office development in Pyrmont, a tech and media hub near Sydney's CBD, for A$297m (US$206.9m), marking its...
Scentre Sydney CBD office tower

Blackstone buys Sydney office tower from Scentre for US$1bn

Australian-listed Scentre Group has offloaded its Sydney CBD office towers to US asset manager Blackstone for A$1.52bn (US$1.06bn), just weeks after selling off a...
Collgar wind farm (image: Rest/UBS AM)

Australian Rest snaps up wind farm stake from UBS

Australian superannuation fund Rest taken full control of the largest wind farm in Western Australia after acquiring the outstanding 60% stake from UBS Asset...
Darling Park complex, Sydney

GPT to raise US$550m for US$365m Sydney office, retail deal

Australian-listed GPT is tapping investors for A$800m (US$550.4m) to fund an A$531m (US$365.3m) deal comprising 25% stakes in an office complex and a retail-led...
Warehouse

German DWS buys half-stake in Brisbane warehouse for US$92m

German asset manager DWS has acquired a half-stake in a Brisbane warehouse from Singapore-listed Frasers Logistics & Industrial Trust for A$134.2m (US$92.2m). The 54,245 sq.m....
AOF

Charter Hall, Abacus launch takeover bid for Australian office fund

Australian-listed property groups Charter Hall and Abacus Property have made a joint takeover offer for the Australian Unity Office Fund after acquiring a 19.9%...
Melbourne

Mirvac strikes first Melbourne Build-To-Rent deal for US$233m

Australian property group Mirvac has entered into a binding agreement to acquire a Build-To-Rent apartment tower in Melbourne’s CBD for A$333.5m (US$233.2m), its first...
The Zenith complex (image: Centuria)

Starwood, Arrow Capital snap up Sydney’s Zenith tower for US$306m

Starwood Capital and private property firm Arrow Capital Partners have acquired the Zenith office complex on Sydney’s North Shore from fund manager Blackrock and...
Sydney

Finding extra value in Australia’s office market

This story appeared in the first issue of APAC Real Estate magazine. Yields in Sydney and Melbourne's CBD office markets are extremely tight,...
Warehouse

GPT buys five logistics warehouses in Sydney for US$147m

Australian property firm GPT has snapped up five prime logistics properties in Sydney for A$212m (US$146.8m) and started a new development in Melbourne's west. The...
Westfield Burwood (image: Twitter/Scentre Group)

Perron Group buys half share in Sydney mall for US$398m

Perth-based Perron Group has agreed to acquire a 50% share in the Westfield Burwood shopping centre in Sydney from Scentre Group for A$575m (US$398.2m),...
121 King William Street (image: Charter Hall)

Charter Hall fund snaps up Melbourne, Adelaide offices for A$275m

Charter Hall's PFA fund has purchased two offices in Melbourne and Adelaide for a combined A$275m (US$192.3m), marking its first deals in either CBD...
80 Collins Street (image: Dexus)

Dexus to buy Melbourne office for US$1bn

Australian REIT Dexus and the Dexus Wholesale Property Fund have teamed up to buy an office asset in Melbourne from Brisbane-based QIC Global Real...
M&A

Singapore’s Rockworth buys 18% stake in Australian property fund manager

Singapore-based real estate firm Rockworth Capital Partners has acquired an 18% interest in property fund manager Elanor Investors Group to expand its footprint in...
M&A

ESR completes A$723m Propertylink acquisition

Asian logistics real estate platform ESR said it has effectively completed its A$723m takeover of Australian industrial and office landlord Propertylink. ESR has bought 98%...
The proposed Citadines Connect Sydney Airport (image: Ascott REIT)

Singapore’s Ascott REIT bags first business hotel in Australia

Singapore-listed Ascott REIT has purchased the 150-room Felix hotel near Sydney's airport for A$60.6m (US$42.9m), marking the trust's first business hotel in Australia. The property...