Buying Commercial Property

Foreign investors have continued pouring money into Australian commercial property, pushing the market to record highs.

The Crotti family, behind the San Remo pasta brand, has bought one of the biggest office towers in Adelaide’s CBD for about $86.5 million. This article originally appeared on theaustralian.com.au/property.

Property asset group Propertylink is set to acquire a $142 million industrial portfolio from Denison Funds Management, in an announcement just days ahead of its initial public offering.

Scouts Queensland has placed its Brisbane headquarters in Auchenflower on the market for the first time in more than 20 years.

Queensland’s tropical islands are continuing their renaissance, with an island that once attracted interest from Kim Kardashian and Julia Roberts floated for sale.

Dexus Property Group is selling the home of Australia’s Customs Service in Canberra, with expectations the office precinct will fetch more than $85 million.

Sydney’s pub market is surging into life after a quiet start to the year with Oxford St institution The Colombian Hotel on the block and expectations it will sell for about $20 million. This article originally appeared on theaustralian.com.au/property.

Asian interest in Queensland’s retail property market is continuing to heat up, with Asian investors acquiring a pair of Woolworths-anchored shopping centres.

Developers to make beeline for sprawling St Kilda site, IGA supermarkets fly off the shelves and a near-new tourist park up for sale. MORE DEALS.