Adelaide Commercial Property News

Funds manager AMP Capital is set to become the latest company to defy the gloom around the retail sector as it eyes the purchase of Adelaide’s Rundle Place for close to $250 million.

Diversified property giant Stockland is preparing to offload the Port Adelaide Distribution Centre, with Quintessential Equity favoured to pick up the asset for about $80 million.

Lendlease’s flagship Australian shopping centre fund is dealing with hefty redemption requests by offering up a half-stake in the $1.5 billion Westfield Marion shopping centre in Adelaide.

The Blue Sky-backed GM Hotel Group in Adelaide has hit the block and is tipped to sell for more than $70 million as buyers circle the portfolio.

It’s long been regarded as one of Adelaide’s most iconic city high-rises, built during the boom years following World War I.

Credit Suisse’s investment arm is cashing in on the boom in offshore interest in Adelaide’s office market by putting the Grenfell Centre on the block for about $170 million.

Singaporean company ARA Asset Management is again looking to bolster its Australian empire and is targeting the purchase of Adelaide’s Allianz Centre for about $150 million as more institutions look to place funds in the South Australian capital.

Like their counterparts at the KSL Capital-controlled Baillie Lodges, which has recently expanded into Queensland, buying Silky Oaks Lodge, the owners of South Australia’s luxury Mount Lofty House are also amplifying their offering.

The team at Magain Real Estate’s Reynella office have found a creative solution to an office graffiti problem.