CBD Commercial Property News

Cromwell Property Group’s dramatic overhaul of its portfolio is continuing with the group eyeing off the purchase of the $250 million Rundle Place retail property in the heart of Adelaide.

Diversified property group Stockland is at the heart of two property plays in Sydney’s central business district, with a sale of its half interest in the $700 million 135 King St and Glasshouse complex to the Investa fund that co-owns the complex imminent.

Chinese-backed commercial dev­eloper Golden Age has picked up a building in Melbourne’s Little Collins St belonging to the Uniting Church Synod of Victoria and Tasmania and high-profile developer Jonathan Hallinan, paying about $43 million.

The long-held Tsindos restaurant site in the city’s Greek quarter has fetched a whopping price.

Property funds management group Charter Hall has made a play for the landmark Sydney office tower owned by the listed Dexus and the private Perron Group in a bid that could see the Elizabeth Street property change hands for close to $650 million.

Brisbane’s central business district office market is again luring local groups, with Cromwell heading the race to acquire a major George Street office tower for about $530 million.

A massive Southbank development spanning more than 2.2ha and worth $2.8 billion has collected a pair of international awards.

The historic Edison Exchange building in Brisbane’s CBD has been snared by Singapore-based investment manager Firmus Capital for $57 million.

It has taken 1229 days and a third agent to deliver a windfall to the seller of a long-held laneway block in Chinatown.