Investment News

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.

This year will no doubt prove to be very interesting for commercial property and global economy, not least because of Donald Trump’s inauguration on January 20.

Accor’s $200 million purchase of 15 budget hotels from the Abu Dhabi Investment Authority ­heralds the start of the French hotel chain’s long-term plan to dominate Australia’s fragmented hospitality sector. This article originally appeared on theaustralian.com.au/property.

A property fund managed by South African investment bank Investec has bought two suburban Sydney office properties from private equity giant Blackstone for $160 million, increasing its exposure to the buoyant NSW economy. This article originally appeared on theaustralian.com.au/property.

The United States proved to be the dominant foreign force in Australian retail investment in 2016, while Queensland tipped New South Wales out of top spot for sales.

A six billion dollar sales slump hasn’t stopped Australia’s commercial property investment market from powering into the New Year.

The level of foreign investment in Australian commercial property hit a record $10 billion last year and is not expected to peak any time soon. This article originally appeared on theaustralian.com.au/property.