Investment News

Singaporean groups are setting a fierce pace in buying up existing city hotels and sites where they can develop new properties across Australia.

Manulife Real Estate, the global real estate arm of Canada’s biggest insurer, Manulife Financial, is looking to stamp its authority on the local property market with the purchase of the Myer headquarters at Victoria Harbour in the Docklands for close to $300 million.

Another wealthy Melbourne family has taken advantage of soaring prices for top commercial assets, with Morry Schwartz and his family selling a hotel and historic pub for close to $100 million combined.

The commitment of Chinese conglomerate Dalian Wanda to its $2 billion projects in Sydney and Surfers Paradise is again in doubt, with the company offering to bundle up and sell its international apartment and hotel projects in a $6.6 billion mega-deal.

A huge 10ha parcel in Doyalson was recently purchased by the Doyalson Wyee RSL for $2.5 million, although the plans for the site cannot be disclosed by the club at this stage. Sold by Raine …

Cashed-up Chinese groups are pushing deeper into Sydney’s suburban offices and apartments with sites worth about $200 million changing hands, defying concerns about a year-on-year slump in Chinese outbound property investment in the third quarter.

An investment group has paid $180 million for four Bunnings Warehouse stores across Australia and New Zealand, three of which were yet to sell a single item. Such is the demand for properties leased to …

Sydney bar king Justin Hemmes is taking his up-market Merivale chain into beachside Bondi with the purchase of the Royal Hotel Bondi for more than $30 million. The purchase marks out yet another part of …

Hong Kong-based K Wah has joined the array of Asian buyers that have snapped up Sydney towers and has just struck a deal to buy a building from funds giant TH Real Estate for about $192 million.