Investment News

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.

Property asset group Propertylink is set to acquire a $142 million industrial portfolio from Denison Funds Management, in an announcement just days ahead of its initial public offering.

Scouts Queensland has placed its Brisbane headquarters in Auchenflower on the market for the first time in more than 20 years.

Dexus Property Group is selling the home of Australia’s Customs Service in Canberra, with expectations the office precinct will fetch more than $85 million.

Doomsday predictions for Melbourne’s apartment development market are “overstated”, with oversupply not nearly as bad as reports suggest, one agent says.