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Multiplex tops out $835M hospital in Hunter Region

Multiplex has reached a critical construction milestone at the new John Hunter Health and Innovation Precinct (JHHIP), with the ‘Topping Out’ of the $835 million facility.

Victoria (Vic.)

Deals

Prestigious Ivanhoe apartment block sold for $18.2M - Gross Waddell ICR

A premium block of 30 luxury apartments along with two commercial tenancies at 1065 Heidelberg Road Ivanhoe sold by Raff DeLuise director Gross Waddell ICR.

Queensland (Qld)Brisbane

Deals

Centuria delivers c.14% IRR Strathpine office divestment - JLL & Knight Frank

Office building 6 Coulthards Avenue Strathpine Qld sold to investment company Sandran Property Group, negotiated by JLL’s Seb Turnbull and Elliott O’Shea in conjunction with Knight Frank’s Matt Barker, Blake Goddard and Justin Bond.

News Roundup

https://www.therealestateconversation.com.au/news/2020/03/19/why-property-stands-sturdy-coronavirus-smashes-stock-markets/1584590231

Why property stands sturdy as Coronavirus smashes stock markets

History has shown when there are corrections in global stock markets, Australian property becomes a port in the storm.

The Real Estate Conversation

https://www.thehotelconversation.com.au/news/2020/03/18/sydney-airport-suites-sale-jll/1584498439

Sydney Airport Suites for sale - JLL

Sydney Airport Suites for sale through JLL Hotels and Hospitality Group Senior Vice President Andrew Langsford, Tom Gibson and Director of Sales and Investments, Dylan McEvoy.

The Hotel Conversation

https://www.retalkasia.com/news/2020/03/18/pandemic-expected-have-somewhat-short-lived-impact-us-commercial-market-cbre

Pandemic expected to have 'somewhat short-lived' impact on US commercial market - CBRE

With the US Federal Reserve cutting short-term interest rates by 100 basis points this week, CBRE examines the impact of the coronavirus pandemic on the US commercial market.

RETalk Asia

https://www.therealestateconversation.com.au/news/2020/03/18/brisbanes-grandest-home-windermere-sold-ascot-record-over-13m/1584478416

Brisbane's grandest home Windermere sold for Ascot record over $13m

Windermere is one of Australia's best homes in Brisbane's best street Sutherland Avenue sold for in excess of $13 million through agents Matt Lancashire and Hamish Bowman Ray White New Farm.

The Real Estate Conversation

https://www.therealestateconversation.com.au/news/2020/03/16/what-state-emergency-means-victorian-real-estate/1584314840

What a State of Emergency means for Victorian real estate

This morning a state of emergency was called by the Victorian Premier, Daniel Andrews but what does this mean for real estate in the state?

The Real Estate Conversation