Investment News

Shopping centre giant Vicinity Centres will offload a string of local malls it owns across Australia in one of the most significant retail deals of 2018.

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.

Singapore-listed Chip Eng Seng Corporation has sold the well-known White Sands Tavern site in Scarborough, clearing the way for a new group to undertake a development up to 18 storeys high in the Perth beachside suburb.

With residential property markets slowing, investors are looking more closely at commercial property. But which areas should you focus on?

Japanese investors poured more than $1.6 billion into local commercial real estate last year and their buying is tipped to continue as they seek out higher growth markets.

Virgin Australia’s Chinese shareholder, HNA, has sold the Radisson Hotel Group as part of its long-term debt reduction strategy.

Hong Kong billionaire Francis Choi has sealed a deal to buy a half-stake in the $600 million Northpoint Tower in North Sydney from Cromwell Property Group’s long-time South African backer, Redefine Properties.

The Hong Kong Monetary Authority and Lendlease’s Australian Prime Property Fund Commercial have teamed up to swoop on the listed developer’s timber office building at Sydney’s Barangaroo South precinct for about $250 million.

Investment in commercial assets is running close to a record pace after some $15 billion of deals in the first half of the year.