A-grade Commercial Property Insights

Brisbane’s central business district office market is again luring local groups, with Cromwell heading the race to acquire a major George Street office tower for about $530 million.

Chinese-backed property developer and builder John Holland is readying to sell an office complex in Sydney’s northern suburb of Macquarie Park in a move that could reap it about $320 million.

The heat in the office market has been put on display with a record purchase in Sydney’s suburbs by US heavyweight Starwood Capital and Sydney-based Arrow Capital Partners that have bought The Zenith Centre in Chatswood.

Property funds manager Charter Hall Group is running the ruler over Telstra’s Melbourne headquarters as Investa weighs up selling a stake in the $800 million complex to the acquisitive listed group.

A client of UBS Asset Management is preparing to strike Brisbane’s next major office deal and could pay about $220 million for the city’s former “wedding cake” building.

Singapore-backed Frasers Property Australia will team with Winten Property Group to kickstart the privately held company’s long-held Macquarie Park office site in Sydney’s northern suburbs.

The Defence Department has flagged a major shake-up of its property holdings that could see it shift to new digs in Sydney, Melbourne and Canberra, in one of the department’s biggest ever real estate moves.

Tycoon Lang Walker has dumped plans to build a $400 million office tower in Brisbane’s Fortitude Valley, offloading the site to fund manager EG for $27.72 million.

The race for QIC Global Real Estate’s prized Collins St complex in the heart of Melbourne central business district is coming to a head with two major listed Australian players, Dexus and Charter Hall, in contention as another prime contender, Mirvac, bows out.