Investment News

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.

Asian interest in Queensland’s retail property market is continuing to heat up, with Asian investors acquiring a pair of Woolworths-anchored shopping centres.

Red tape that restricts overseas investors from buying Australian farms should be removed to promote more foreign investment, a report has found.

Victoria was once dubbed “the place to be”, and the slogan is ringing true for commercial property, with sales in the last financial year almost doubling the 10-year average.

Property funds manager and ­value-add property specialist Propertylink is close to inking a deal to buy the near $200 million Denison portfolio as it bulks up ahead of its initial public offering. This article originally appeared on theaustralian.com.au/property.

International retail landlord Westfield Corporation has had its profit expectations downgraded by Macquarie because of the volatile British and US retail markets and fluctuating currencies. This article originally appeared on theaustralian.com.au/property.

Retail investors spent almost $10 billion acquiring new assets during the last financial year – eclipsing the five-year average by almost $3 billion.