CBD Commercial Property News

German investment house Real I.S. has swooped on a Waymouth St office block in the Adelaide CBD for $85 million on behalf of a group of institutions that have mandated it to build up a $400 million portfolio.

The premium end of Sydney’s commercial property market is headed for greater heights, with US private equity group Blackstone looking to strike a series of deals involving about $3 billion worth of the city’s best office towers.

Listed funds manager Centuria has snapped up a Edward Street tower in Brisbane’s central business district for $89 million as it boosts the size of its unlisted property empire.

The sky is no longer the limit when it comes to Sydney real estate – property owners in the CBD are making millions selling air.

Funds house LaSalle Investment Management is targeting the purchase of a major Sydney tower in Castlereagh St for about $325 million as the rerating of the city’s office market continues.

Customer relationship giant Salesforce will anchor the building of Sydney’s tallest office tower with the Lendlease development at Circular Quay, the first of a wave of new projects being anchored by hi-tech tenants.

David Jones is set to shake up Melbourne’s central Bourke St shopping precinct, revealing plans to sell off the site of its flagship menswear store in a move that could reap more than $100 million as it gives its sister store across the mall a significant makeover.

Designed by world-renowned Japanese architect Kurokawa Kisho, 66 Eagle St, has long formed an integral part of Brisbane’s city skyline – and its doors are now open to new owners. 

Canada’s Oxford Property Group, via its Oxford Investa Property Partnership, is stepping up its asset sale program to around $3 billion with the offer of a major tower in Sydney’s O’Connell St for about $310 million.