Commercial Property Development News

Commercial property development news and market insights.

Chinese giant to offload Salesforce Tower stake as prime market bounces back
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Chinese giant to offload Salesforce Tower stake as prime market bounces back
China’s Ping An Real Estate has put its half stake in Sydney’s premier Salesforce Tower up for grabs, with institutional investors tipped to battle for the $900m prize.
Keppel swoops on Charles Sturt University campus in $65m play
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Keppel swoops on Charles Sturt University campus in $65m play
Singapore’s Keppel has paid $65.5m for Charles Sturt University’s North Sydney campus, as education assets emerge as a bright spot in commercial property.
Historic Brighton Bay St shops hit market after 90 years
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Historic Brighton Bay St shops hit market after 90 years
A piece of Brighton’s retail history comes to an end as century-old Bay Street shops hit the market, expected to fetch $2.4m combined.
Lendlease flags plans to grow $10bn funds amid super fund dissent
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Lendlease flags plans to grow $10bn funds amid super fund dissent
The investment manager is standing behind three large funds which control $10bn worth of assets, even as they come under threat from rival Mirvac.
Mirvac strikes deal with Japan’s Mitsubishi for $2.3bn Harbourside
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Mirvac strikes deal with Japan’s Mitsubishi for $2.3bn Harbourside
The Japanese heavyweight is making waves in Australian development, pouring $17bn into local projects.
New retail village in Hills District opens ahead of planned estate
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New retail village in Hills District opens ahead of planned estate
A new shopping precinct has opened its doors in Sydney’s Hills District ahead of a planned housing community for 20,000 residents.
Lendlease gets the nod to keep $2.8bn retail fund from independents
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Lendlease gets the nod to keep $2.8bn retail fund from independents
Independent directors have backed Lendlease to keep managing its $2.8bn retail property fund, dealing a blow to rival Mirvac’s ambitions.
McDonald’s scraps plans for controversial Sydney restaurant
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McDonald’s scraps plans for controversial Sydney restaurant
McDonald’s has quietly walked away from a multimillion-dollar expansion plan after community revolt.
TCA showing class with $390m Melbourne swoop
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TCA showing class with $390m Melbourne swoop
Singapore fund manager TrustCapital Advisors is eyeing Melbourne’s $390m Monash College complex as GPT’s flagship office trust moves to reduce debt.
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