Investment News

Vicinity Centres has grabbed the 25% of Melbourne shopping mecca DFO South Wharf that it doesn’t own, agreeing to buy out joint owner Plenary Group.

One of Sydney’s best known pubs, the Marlborough Hotel in Newtown, has hit the market with its high-profile owners set to reap about $35 million. This article originally appeared on theaustralian.com.au/property.

An agent’s warnings about the derelict state of a former brothel in Richmond weren’t enough to deter buyers, with the property selling for more than $1.1 million at auction.

Two-thirds of the $100 million-plus sales of development land in Sydney were made to offshore buyers or local developers with overseas backing, according to a new analysis by Charter Keck Cramer. This article originally appeared on theaustralian.com.au/property.

The international joint venture led by gaming company Star Entertainment has finalised its purchase of the Gold Coast’s Sheraton Mirage in a $140 million play. This article originally appeared on theaustralian.com.au/property.

A last-minute phone call changing the settlement venue for the $140 million sale of the Gold Coast Sheraton Mirage Resort preceded the deal falling over late last year. This article originally appeared on theaustralian.com.au/property.

GPT Group is weighing a play to take full control of the $1.2 billion MLC Centre in the heart of Sydney after nearly completing a dramatic revamp of the historic tower. This article originally appeared on theaustralian.com.au/property.

Developers are continuing to dominate the commercial property investment market, snapping up huge volumes of property as they ride the residential wave.

The Queensland government has given preliminary approval for a $750 million resort despite it being in protected koala habitat and proposed by a Chinese developer who made more than $60,000 in political donations to the local mayor. This article originally appeared on theaustralian.com.au/property.