Banks Commercial Property News

They’re built to last and more often than not they’ve got the best address in town. 

Canadian giant Brookfield Asset Management has finalised a leasing deal to develop one of Melbourne’s largest towers for National Australia Bank, and sell a half-stake in the $800 million project to superannuation fund-backed group ISPT.

Australia’s top banks are shifting their headquarters into glittering new skyscrapers along the eastern seaboard, setting commercial property markets alight at a time when they are also dramatically overhauling their workforces.

Property group Dexus and office partner CPP Investment Board have put Adelaide’s ANZ House on the block with expectations of reaping about $200 million.

National Australia Bank is considering taking space at Lang Walker’s $2.5 billion Collins Square project in Melbourne as it shakes up its office holdings in the city. This article originally appeared on theaustralian.com.au/property.

The Bank of China has stamped its authority on Sydney, buying a $130 million office building for its new headquarters, as mainland financial institutions expand their footprints down under. This article originally appeared on theaustralian.com.au.

ANZ is moving to bring its Gothic-style tower on Melbourne’s Queen St to market, a move that could see it reap around $250 million for the building. This article originally appeared on theaustralian.com.au/property.

The Commonwealth Bank will become the anchor tenant at Sydney’s redeveloped Australian Technology Park after the site’s $263m sale.

Petrol stations will continue to be keenly sought after among investors, new research says, despite mixed auction results.