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...
Amazon to open fulfillment centre in Perth, Australia
Amazon will open a fulfillment centre in Perth to enhance customer experience on the West Coast of Australia.
The facility – planned to begin...
City of Adelaide announces partner for $400m redevelopment project
Lord Mayor Sandy Verschoor announced ICD Property as the development partner for the iconic Central Market Arcade, a A$400 million redevelopment project led by...
PropTech firms optimistic about growth of their market, says KPMG survey
Real estate companies are increasing their engagement with digital, with 58 percent stating they have a digital strategy in place, up from 52 percent...
Microsoft to establish its first data center region in New Zealand
Microsoft Corp. announced it plans to establish its first data center region in New Zealand. ''A major milestone toward delivering enterprise-grade cloud services in the country,'' says the company in a statement.
The New Zealand...
Mark Steinert to retire CEO of Stockland
Stockland, the Australian Stock Exchange listed company, announced that Mark Steinert plans to retire as Chief Executive Officer and Managing Director after seven and a...
LOGOS forms JV to enter Vietnam logistics property market
Asia Pacific based logistics real estate investor LOGOS has formed a joint venture with a global institutional investor in Vietnam to develop logistics facilities...
Elanor acquires healthcare real estate in Brisbane
Elanor Investors Group, an investment and funds management business, announced that the Elanor Healthcare Real Estate Fund (EHREF) has acquired the Woolloongabba Community Health...
Keppel launches second data centre fund with US$500m first close
Keppel Capital, the asset management arm of Keppel Corporation, has launched second data centre fund, Keppel Data Centre Fund II (KDC Fund II), which...
PGIM Real Estate raises $970m for Asia Pacific value-add fund
PGIM Real Estate has raised US$970 million for its fourth Asia Pacific value-add fund.
The company said it is in advanced discussions for additional commitments...
ESR Australia buys office and warehouse complex for A$71m
ESR Australia has acquired a fully leased office and warehouse complex, 44-50 Waterloo Road in Macquarie Park NSW for A$71 million.
Anchored by Macquarie University’s...
Blackstone makes $3bn offer for Soho China
Private equity firm Blackstone Group has made an offer worth US$3.05 billion (HK$5 per share) to acquire Beijing-based office developer SOHO China.
''The offer price...
