Office

Across office, retail, and industrial, Morgan Stanley has found that 40% of property transactions in the past decade involved an offshore acquirer.

Industrial and warehouse listings dominated interest in commercial property last week amid a flood of new listings after the festive holiday hiatus.

A medley of commercial property types attracted interest over the Christmas-New Year season from offices to shopfronts, medical facilities and warehouses.

The death of the office tower due to COVID-19 has been greatly exaggerated with tenants now looking at extra space to satisfy social distancing requirements, according to the departing boss of Cromwell Property Group Paul Weightman.

Industrial and commercial farming properties attracted clicks galore in 2020, topping the list of the year’s most popular commercial assets.

Global insurance and investment company Swiss Re will put a massive commercial property portfolio on the block in a move that could garner it more than $1 billion.

The commercial property market has been bolstered by foreign investment authorities waving through the purchase of an office tower in the heart of Sydney.

US build-to-rent specialist Greystar has swooped on a major site in Melbourne that can accommodate more than 700 units, with the acquisition signalling the sector will keep firing even as developers struggle to sell apartments.

Property group Dexus is backing an office recovery in the Queensland capital as it has advanced plans for a $2.1 bilion overhaul of the Eagle Street Pier and Waterfront Place precinct into a major twin tower office and leisure development.