Investment News

NRMA has further bulked up its $500 million-plus tourism and travel portfolio by snapping up caravan parks and tent sites on the central Queensland coast and the NSW central west.

It is shaping up as the year of the mega deal for top shopping centres, after mall landlord Vicinity Centres and Singapore’s sovereign wealth fund GIC agreed to swap assets worth a combined $1.1 billion.

Politicians’ former offices, stunning converted churches and trendy inner-city Sydney bars were among the most-viewed properties sold and leased through realcommercial.com.au over the last week. Check them out here. Top 5 SOLD commercial properties 1. 2/142-152 …

The Chester Square Shopping Centre in Sydney’s southwest has been sold by a Smorgon family-linked company for $68.5 million on one of the tightest ever yields at which a neighbourhood shopping centre has traded.

Fresh from announcing it will manage its first Australian hotel in Melbourne, the luxury Hong Kong-based Mandarin Oriental group continues to scour the ­nation for more management and development opportunities.

Investa Property Group’s main wholesale property fund has become the latest group to capitalise on the surging Sydney CBD office market by putting a Pitt St tower on the block for more than $200 million.

Funds management giant TH Real Estate has secured a buyer for its A-grade office block in Hunter Street in central Sydney with Hong Kong-based K. Wah angling to purchase the building for more than $190 million.

AMP Capital is looking to stamp its authority on Brisbane’s retail property market with the purchase of a $1 billion stake in the Indooroopilly Shopping Centre.

The Australian Competition & Consumer Commission has flagged it will review French hotelier Accor’s proposed takeover of Mantra Group that would combine the country’s two top hotel operators. The $1.3 billion takeover of Mantra, which …