Investment News

Singapore’s Wee Hur Holdings continues its aggressive expansion into the booming student accommodation market with a $700 million plan to develop 3250 beds across Melbourne, Adelaide and Brisbane. 

Singapore-listed infrastructure and civil engineering company OKP Holdings has made its maiden property acquisition in Australia, buying a Perth office tower for $43.5 million.

The value of commercial property transactions reached record levels last year but the volume of sales is unlikely to be repeated in 2018, while yields could be set to move up. 

Ex-bookmaker and Betstar founder Alan Eskander has pocketed a more than 100% windfall on the sale of a South Melbourne office he bought less than five years ago.

Manulife Real Estate, the global real estate arm of Canada’s biggest insurer, Manulife Financial, has bought Myer’s headquarters at Victoria Harbour in the Docklands for close to $300 million.

Some of the world’s largest landlords, facing weak growth in office rents and occupancies, are investing in what until recently was viewed as a niche office business catering primarily to technology start-ups and millennials.

Big spenders aren’t uncommon among the bridal shops and boutiques along High St, Armadale.

A $115 MILLION deal to sell Geelong’s Transport Accident Commission headquarters capped off a big year for the region’s commercial real estate sector.

Fresh from opening his latest Sydney CBD hotel, international billionaire hotel tycoon Michael Kum has at least two other real estate deals in play on Australia’s east coast.