Investment News

The Victorian government has unveiled a $7 billion plan to revive the Arden precinct in North Melbourne over 30 years, boosting housing supply in an area currently in industrial use. This article originally appeared on theaustralian.com.au/property.

Commercial property yields of more than 10% have been almost unheard of this year, but a spa retreat near Mount Hotham in the Victorian snowfields could be about to enter rare territory.

Pumped-up demand for office investments is behind property and funds manager GDI Property Group’s decision to sell a pair of office towers in the Sydney and Brisbane CBDs.

Vicinity Centres’ neighbourhood shopping centre sell-off has continued with the sale of Tweed Mall to ASX-listed Elanor Investor Group for more than $81 million.

Investors are looking to capitalise on the increasing demand for places at childcare centres, with interest in developing and owning the properties utilised by the centres on the rise.

A Bunnings Warehouse and a fleet of petrol stations owned by independent fuel retailer United are the prized picks at the latest Burgess Rawson auctions.

A decision to subdivide and sell a tract of industrial land in south-west Sydney just two years after buying it has reaped Melbourne-based property fund manager Quintessential Equity a huge windfall.

A group of Adelaide investors led by Pep Rocca of Australasian Property Developments will overhaul the University of Adelaide’s Thebarton Campus, after buying it for a price in the mid-$20 million range. This article originally appeared on theaustralian.com.au/property.

Former Federal Court judge Annabelle Bennett and her sister Jennifer Darin are selling two prime commercial buildings in Chatswood, with hopes of reaping more than $40 million.