Canberra Commercial Property News

German fund manager Real I.S. has swooped on an office complex in Canberra’s government district, picking up Maddocks House for $29 million.

Singapore’s Soilbuild REIT has become the latest group from the city-state to leap into the Australian market, snapping up a Canberra office complex and an Inghams facility in South Australia in deals worth just over $116 million in total.

Canberra’s office market is again on the radar of local institutions, which wracked up a busy second half in 2017 after foreign buyers had set the early pace.

Former Australian Rugby Union boss Bill Pulver is buying a historic farm holding at Braidwood, southwest of Sydney, with plans to operate it as a wedding and function centre.

Major development and investment companies have swooped on four properties in the parliamentary triangle precinct in Canberra that were sold off by the federal government for a total of $122.5 million and will be turned into new hotels, shops and office space.

The federal government has tapped a series of new providers to manage the commonwealth’s property portfolio as it looks to drive greater efficiencies across its holdings. This article originally appeared on theaustralian.com.au/property.

Builder Geocon will develop a $100 million deluxe hotel in the heart of Canberra city after snapping up the Garema Centre in Bunda Street. Geocon managing director Nick Georgalis says tourists and business travellers to …

Canberra emerged as the surprise best performer of Australia’s office markets last year with the national capital ­second only to Sydney in delivering rent growth in the last quarter. This article originally appeared on theaustralian.com.au/property.

Developer the Willemsen Group has signed a multi-million-dollar long-term lease with the Commonwealth Department of Fin­ance for a new office building in Canberra near Parliament House. This article originally appeared on www.theaustralian.com.au/property.