Investment News

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. 

Macau gaming billionaire Loi Keong Kuong has added the Gold Coast’s Soul Boardwalk shopping centre to his expanding Australian property portfolio, in a deal believed to be worth $85 million.

Superannuation fund-backed investment manager ISPT has finalised one of the largest office market deals of the year, taking a half-stake in Sydney landmark Westpac Place in a play valuing the tower at more than $1.7 billion.

A company backed by a Macau gaming dynasty has emerged as the buyer of a prize office complex opposite Sydney’s Hyde Park in a deal worth about $265 million.

Foreign investors are disappearing from Australia’s commercial property market but cashed-up self-managed super fund investors are moving in to fill the gap, a new industry report reveals.

An Armadale shop tenanted by AFL power couple Chris and Bec Judd’s ‘Jaggad’ brand has been sold. And that wasn’t the only AFL link to the space at 1033 High St, with another AFL great …

Perth office towers are beginning to trade at a brisk pace with two major complexes attracting buyers in deals worth more than $250 million in total with both local and international investors chasing deals.