Office

On the main thoroughfare of Innisfail is the opportunity to buy an investment that will stand the test of time.

Brisbane property developers are not shying away from challenging restoration projects, transforming once run down and decrepit historic homes, ice cream factories, dairy farms and even a mortuary.

Property funds manager Centuria Capital has finished the year on a high note, with its listed office trust buying Canberra’s NewActon Nishi Building for $256 million.

A fund managed by listed property fund manager Primewest has sold the iconic “Chambers” building and an adjoining eight-storey office building “The Tower” in Brisbane’s CBD for $47.4 million.

Macquarie Telecom’s $80 million state-of-the-art data centre in Sydney has begun construction after earlier delays.

Surf retailer Billabong’s former headquarters at the Gold Coast’s Burleigh Heads has been picked up by a local developer, The Potter Group, in a $3.8 million deal.

Property developer Stockland has received the green light to start work on the first stage of its $500 million commercial precinct in Sydney’s emerging northern industrial hub.

Melbourne private investor Marks Henderson has expanded its Sydney portfolio with a high-profile $92.75 million office acquisition in inner-city Darlinghurst.

The Pallas Group has forked out $32.74 million to buy a landmark corner site on Double Bay’s Bay St and Guilfoyle Avenue, with the existing premises to be converted into its new headquarters along with retail and extra commercial space.