CBD Commercial Property News

Malaysian pension fund Kumpulan Wang Persaraan Diperbadankan is looking to cash in on Melbourne’s emergence as a hot investment destination by bringing a tower worth about $200 million to market.

The Catholic Archdiocese of Sydney has submitted plans for a super-tall apartment development on the site of the Polding Centre at the southern end of Sydney’s central business district.

Singapore-listed conglomerate World Class Global will offload one of its major Brisbane apartment development sites, potentially clearing the way for a conversion of the site into a landmark office project.

Hong Kong investor Longbow Holdings has finalised its purchase of a building in Sydney’s Kent Street occupied by the Central Queensland Univer­sity for $111.8 million.

Specialist adviser to wealthy Asians, iProsperity Group, has quietly sold its Park Regis Hotel in Sydney for $54.18 million, a 23% increase on its purchase price of less than two years ago.

The race for the Reserve Bank headquarters building at the Paris end of Melbourne’s blue-chip Collins St is coming to a head with listed property player Dexus facing off against private players rumoured to include investor Harry Stamoulis and US group Pembroke.

Development major Lendlease is selling the uniquely configured The Exchange complex planned for Sydney’s Darling Square, with hopes of fetching about $70 million.

Macquarie Group is surging back into property development with a massive twin tower office project at Sydney’s Martin Place, above a new metro railway station.

Co-working giant WeWork is stepping up its rise across Sydney by striking a deal to take a major slice of space at the Liberty Place complex at Castlereagh St, in the central business district.