Office

Listed entertainment, hospitality and leisure operator Event Hospitality & Entertainment has told investors it will examine funding options for two major Sydney developments that could have an end value of about $1 billion.

Credit Suisse’s real estate arm has pre-purchased the Jubilee Place office development in Brisbane’s evolving Fortitude Valley precinct in a $180 million forward funding transaction.

Agents are describing it as the “best property on the market” of its type.

Development heavyweight Lendlease is swinging back into action in the Victorian capital, winning approval for the $1 billion Melbourne Quarter Tower.

After three years of trying, Marquette Properties has snapped up one of Brisbane’s most prominent shopping corners for $77.1 million.

“Demand for office space has slowed but leasing markets will stay firm.”

Singapore-based SC Capital will pre-sell its planned $700 million mixed-use hotel and office tower in the heart of Sydney in what is being pitched as the marque offer of this half.

Global workspace group WeWork is bringing its landlord model to Australia and is in talks to buy up buildings that it occupies, with a Melbourne tower on Collins Street being targeted for about $80 million.

Private equity group Blackstone is looking to capitalise on Sydney’s hot office market by offloading an office tower in York Street it picked up from distressed Chinese company HNA at the beginning of last year.