Buying Commercial Property Guides

Investment firms Alceon and CP Retail have sold their northern NSW shopping centre to the RAM Australia Property Fund for $46.25 million, a 60% rise on the purchase price five years ago. This article originally appeared on theaustralian.com.au/property.

Dexus has parted ways with an office tower and retail hub at 39 Martin Place in Sydney as the NSW Government’s compulsory acquisition of buildings for its metro rail project gathers pace.

It was once the home of landmark Australian TV shows including Countdown, Kath and Kim and Hugh Jackman’s prison drama Corelli. And now the ABC’s Elsternwick studios are for sale.

Private real estate group Mark­ham and development heavyweight Lend Lease have teamed up to buy the Sydney Superyacht Marina, giving the pair a crucial sliver of Sydney’s Bays precinct. This article originally appeared on theaustralian.com.au/property.

As far as property and business investments go, this one could quite literally be a pearler.

Supermarket heavyweight Coles has sold a newly developed shopping centre at Coburg in Melbourne to a locally-based private investor.

The Lend Lease-managed fund APPF Commercial has acquired the first commercial tower in the $2 billion Melbourne Quarter project for more than $250 million. This article originally appeared on theaustralian.com.au/property.

The Lantern Hotel Group’s mass selloff of its pubs portfolio is nearing its conclusion after deals to offload two more hotels.

Singapore-backed developer Frasers has won exclusive development rights for a site in the Western Sydney Parklands and plans to build a 50,0000sqm shopping mall. This article originally appeared on theaustralian.com.au/property.