Investment News

While residential housing was a key focus of the budget, less was explicitly mentioned about commercial property. However, as the places where Australians do business, many of the announcements in the 2021-22 budget will impact the commercial property sector, both directly and indirectly.

From water parks, go-karts and laser tag, to bowling, game arcades and trampoline parks, leisure facilities in the right location can pay dividends for owners with vision.

Local investment powerhouse QIC has sold two major retail centres for a combined $163m in recent days amid a hot market for home improvement centres.

SunSuper’s planned switch of a $1.5bn property mandate away from under-pressure manager AMP Capital could take a new twist, with the super fund in line to take an interest in the Locomotive Workshops building at the Australian Technology Park in Sydney.

The company behind a $20m bid for 15,600ha of fire-damaged forestry land on Kangaroo Island claims the site’s owner faces a $100m “black hole” if the offer is rejected.

Perth’s CBD office market has remained one of the most robust in Australia, despite COVID-19 transitioning businesses from traditional workplaces to work-from-home set-ups. Industry analysts say it is largely due to the booming resources sector.

Funds manager at AMP Capital says its joint venture with Ares Management Corporation could deliver significant benefits for investors across its $28bn property arm.

AMP’s funds unit has signalled its commitment to its flagship office fund as it prepares for a process that could see it take on a new manager to steer the $7bn wholesale trust.

Childcare property owner has turned in a $58.7m profit and says it’s on track after the coronavirus crisis.