Goodman Group profit up 11.4% to $942 million
Goodman Group announced its results for the full year ended 30 June 2019. The Group delivered operating profit of $942 million, up 11.4% on FY18, and...
Cromwell buys Brisbane CBD office tower
ASX-listed real estate investor and manager Cromwell Property Group has agreed to buy 400 George Street, Brisbane CBD office tower, for A$524.75 million.
“We continue to...
Singapore’s GIC buys 25.1% stake in Lendlease International Towers Sydney Trust
GIC, Singapore’s sovereign wealth fund, with US$100 billion in assets under management, will acquire a 25.1% stake in Lendlease International Towers Sydney Trust (LLITST)...
China Fortune Land Development reports RMB 8.48bn H1 net profit
According to the 2019 Semi-annual Report released by China Fortune Land Development (CFLD) on August 16, in the first half of 2019, CFLD achieved RMB 8.48...
Charter Hall buys 49% stake in Telstra properties for A$700M
Australian telco Telstra Corp has sold a 49% stake in a newly established property trust to a consortium led by Charter Hall Long Wale...
Australian commercial property market sentiment rise in Q2 2019
According to NAB’s Commercial Property Index, Australian commercial property market sentiment rose 9 points to +7 in the second quarter of 2019. It rose...
Charter Hall, Abacus buy Sydney CBD office tower for A$630M
Charter Hall Group has formed a new partnership with Abacus to acquire 201 Elizabeth Street, Sydney CBD office tower for A$630 million. The vendor...
Charter Hall to acquire premium grade office tower in Sydney
Charter Hall Group wholesale funds have formed a joint venture with GIC, Singapore’s sovereign wealth fund, to acquire the leasehold of Chifley Tower, 2...
Hyatt to open new Hyatt Regency in Adelaide
Hyatt Hotels Corporation announced that a Hyatt affiliate has entered into a management agreement with CES Pirie Hotel (SA) Pty Ltd., an entity wholly...
Australian office market vacancy rate decrease in H1 2019
According to the latest Property Council Office Market Report, the Australian office market vacancy rate decreased to 8.3 percent over the first half of 2019, down...
Allianz, Gaw Capital JV to acquire Grade-A office asset in Singapore for S$1.6bn
Allianz Real Estate, acting on behalf of several Allianz companies, and Gaw Capital, representing a sovereign wealth fund separate account, have agreed to acquire...
Commerz Real sells Singapore office property for $478m
Commerz Real has sold Singapore office property, Robinson Road 71, for approximately $S655 million($478 miilion) to Singapore-based SV Robinson Pte Ltd, part of the...
