Investment News

It was the end of an era as the hammer came down selling Geelong’s Safety Motors at auction.

Melbourne’s central business district office leasing market is firing, with Charter Hall Group’s $500 million Wesley Place development close to winning enough tenant support to kick off and Mirvac’s Olderfleet project drawing further interest as work gets under way.

Australia’s commercial property markets could be hit by the expected fall in Chinese offshore investment, but market pundits say deep-pocketed investors from other parts of Asia could soak up excess stock. This article originally appeared on theaustralian.com.au/property.

Last week the Chinese Government announced formal guidelines for Chinese companies keen on investing overseas.

Brisbane real estate deals are collapsing after a new Chinese Government sting on offshore investment.

The cashed-up GDI Property Group has struck a conditional deal to buy the Ikea store in Perth for a new unlisted fund in a $143.5 million deal. This article originally appeared on theaustralian.com.au/property.

Leading shopping centre managers are tipped to bid for Commonwealth Superannuation Cor­p­oration’s half stake in Brisbane’s Indooroopilly Shopping Centre in a deal that could reap the fund up to $1 billion. This article originally appeared on theaustralian.com.au/property.

Offshore private investors have been snapping up Australian office assets at a faster pace over the past year, looking for yield in a nation seen as a relative safe haven. This article originally appeared on theaustralian.com.au/property.

Singapore’s Mapletree Investments has snapped up a $145 million ­office tower on Melbourne’s St Kilda Rd in a deal that shows the highest ever price for a building on the famed boulevard. This article originally appeared on theaustralian.com.au/property.