Office

“Is it too late to invest in the Sydney and Melbourne office markets? Is it too early for Brisbane and Perth?”

Diversified property company Stockland is making a major return to office developments and on Friday unveiled a major amalgamation play in the hot North Sydney market.

Property fund ISPT is further pushing into the flexible workspace area with a new location in Brisbane set to expand the company’s presence across the eastern seaboard as it looks to sweeten the value proposition for potential tenants.

German funds manager Deka Immobilien is targeting the purchase of Brisbane’s 66 Eagle St complex for about $370 million, with the play again highlighting the city’s appeal to global investors.

North Sydney is being pitched as the city’s next prime location for office tenants as the area gears up for a wave of new development, with the listed Lendlease looking to set fresh benchmarks with a planned $1 billion tower.

It was once an infamous den of iniquity dealing in pleasure and pain, boasting a sordid dungeon and bondage equipment.

Chinese property developer Poly Global is circling a new site in the Sydney CBD with the company in pole position to buy a Goulburn Street office tower for about $260 million.

The acquisitive Charter Hall has put its belief in the suburban office markets of Sydney on display, unveiling a deal backed by Singapore’s sovereign wealth fund to buy the Jessie Street Centre in Parramatta for about $415 million.

Oil and gas heavyweight Woodside Petroleum is seeking an injunction against its landlord to prevent it from developing two new towers in front of its gleaming Perth headquarters.