Office

Singapore-based Redhill Property Partners is heading the field of bidders for Perth’s BGC Centre, which is being sold by the family of late tycoon Len Buckeridge for about $110 million.

Lendlease’s wholesale Australian Prime Property Fund Commercial is weighing up joining the rush of investors lifting their exposure to Brisbane’s office market with a move to take control of the Central Plaza 2 complex in a move that would value it at about $400 million.

Global shared workspace company, WeWork, has further expanded its Sydney presence taking about 11,000sqm of office space at 320 Pitt St, in a major Sydney CBD leasing deal.

A consortium led by Charter Hall has bought Telstra’s global headquarters in central Melbourne for $830 million, in a deal that shows demand for skyscrapers is running hot.

Sydney-based funds manager Marprop Real Estate Partners is closing in on property transactions approaching $1 billion and has flagged further acquisitions after picking up the Bendigo and Adelaide Bank building in Melbourne’s Docklands.

National office vacancy rates shrank one percentage point last financial year, despite a short-term softening in business confidence becoming a concern, a report from JLL has shown.

Diversified property group Stockland is at the heart of two property plays in Sydney’s central business district, with a sale of its half interest in the $700 million 135 King St and Glasshouse complex to the Investa fund that co-owns the complex imminent.

Chinese-backed commercial dev­eloper Golden Age has picked up a building in Melbourne’s Little Collins St belonging to the Uniting Church Synod of Victoria and Tasmania and high-profile developer Jonathan Hallinan, paying about $43 million.

The Cromwell Property Group has sealed a $113.28 million deal to buy an office complex in the inner-Sydney suburb of Mascot from the Goodman Group for its main local direct property fund.