Investment News

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.

The Transport Accident Commission’s waterfront headquarters has sold in Geelong’s biggest-ever property deal.

One of Brisbane’s most iconic ­hotels, the stylish Emporium in Fortitude Valley, has been picked up by Hong Kong’s Ovolo Hotels group in a deal worth about $40 million.

Australian shareholders in Westfield will ­receive a record cash payout of $7.36 billion when the shopping centre empire is taken over by Europe’s Unibail-Rodamco, new data shows.

Agents in South Australia say investors are already pinpointing the southern state as a major target for 2018, with more attractive yields on offer than what they can find on the eastern seaboard.

Takeover target Asia Pacific Data Centre Group has put its assets up for sale with hopes of reaping $300 million for its data centre properties.

Advisory and investment group KordaMentha has bought a Melbourne office building and plans to launch a fund for retail investors to take a stake, through its property funds management business Placer Property.