Investment News

The Bondi building that once housed iconic beachside destination Bates Milk Bar is on the block, 65 years after it served its first malted milkshakes.

Sentinel Property Group is continuing to cash in on the demand for neighbourhood shopping centres, selling a pair of centres for a combined $31.6 million.

Hotel investors are focusing their sights on regional leisure assets in a bid to capitalise on the current strength of Australia’s tourism sector.

Listed heavyweight the Scentre Group is striking up an alliance with superannuation fund-backed Cbus Property as it moves to acquire Sydney’s landmark David Jones store. This article originally appeared on theaustralian.com.au/property.

Investors came hard for a KFC outlet in suburban Melbourne but many sat on their hands at a quiet Burgess Rawson investment auction on Wednesday.

A service station complex on Melbourne’s West Gate Freeway has sold for $22.5 million, making it the most expensive petrol station sold anywhere in Australia in more than 10 years.

Foreign investors have continued pouring money into Australian commercial property, pushing the market to record highs.

AMP Capital is set to launch the first stage of its $130 million development at Crossroads Logistics Centre in Sydney’s south west, after signing Cosentino Australia on as a partner.

The Crotti family, behind the San Remo pasta brand, has bought one of the biggest office towers in Adelaide’s CBD for about $86.5 million. This article originally appeared on theaustralian.com.au/property.