SA Commercial Property News

The name Snowtown might send a shiver down the spine of some Australians, but the rural community 145km north of Adelaide is a welcome base for those who call it home.

The operator of the Darwin to Tarcoola rail line, Genesee & Wyoming is being purchased by a group of investors – affiliates of both Brookfield Infrastructure Partners LP and Singapore sovereign-wealth fund GIC – for roughly $8.5 billion.

Cromwell Property Group’s dramatic overhaul of its portfolio is continuing with the group eyeing off the purchase of the $250 million Rundle Place retail property in the heart of Adelaide.

The clubrooms of Australia’s feared outlaw bikie gangs would be among the most exclusive properties in the country.

When an Adelaide CBD cafe owner was injured at work, it was the split-second decision of two real estate agents that helped to save the day.

Funds manager AMP Capital is set to become the latest company to defy the gloom around the retail sector as it eyes the purchase of Adelaide’s Rundle Place for close to $250 million.

Diversified property giant Stockland is preparing to offload the Port Adelaide Distribution Centre, with Quintessential Equity favoured to pick up the asset for about $80 million.

Lendlease’s flagship Australian shopping centre fund is dealing with hefty redemption requests by offering up a half-stake in the $1.5 billion Westfield Marion shopping centre in Adelaide.

The Blue Sky-backed GM Hotel Group in Adelaide has hit the block and is tipped to sell for more than $70 million as buyers circle the portfolio.