Third Quarter dealmaking jumps as investors turn to office, retail properties; Year-to-date deal activity sweeps past 2020 total
Deal volume for the first three quarters of 2021 reaches $43 billion, already eclipsing full year 2020 level. Benjamin Martin-Henry, RCA’s Head of Analytics, Pacific, said: “After a slow start to the year, the office sector is now flourishing.”
Delacombe Town Centre sold to SCA for $112m by JLL
Ballarat’s Delacombe Town Centre convenience based sub-regional shopping centre sold on behalf of Troon Group to SCA Property Group for $112m reflecting yield of 5.34%. The off-market sale was brokered by JLL Senior Director of Retail Investments Stuart Taylor and Joint Head of Retail...
Once in a generation’ Chadstone Ford site sold 3.32% by Burgess Rawson & Gross Waddell ICR
The $32.6 million land sale of the Chadstone Ford and Hyundai dealership in south-east Melbourne has set a new record achieving a yield of 3.32% sold by Co-agents Burgess Rawson and Gross Waddell ICR.
Brisbane small suite leasing primed as 7 suites at 110 Eagle Street leased by Colliers
Colliers International has secured seven new office leases totalling almost 1,300sqm at 110 Eagle Street, located in the heart of the Brisbane CBD’s prized Golden Triangle negotiated by Colliers’ Andrea Cano and Harry Price.
QLD Health building in South Brisbane sold for $34.7M by Cushman Wakefield
Queensland Government leased investment sold to Barwon Investment Partners. 55 Russell Street South Brisbane sold from Forza Capital for $34.7 million on a 5% yield by Cushman & Wakefield’s Middle Markets team of Frederic Le Fanue, Mike Walsh and Peter Court.
50% interest in Roselands Shopping Centre sold to JY Group $167m negotiated by CBRE
Fast growing investor JY Group has outlaid $167 million for a 50% interest in Roselands Shopping Centre in Sydney’s south-west. CBRE’s Head of Retail Capital Markets, Pacific, Simon Rooney negotiated the off-market sale on behalf of CIP Asset Management.
AMP Capital welcomes Cbus Property & UniSuper as new partners in Australia’s largest retail transaction $2.2 billion
One of Australia’s leading superannuation funds Uni Super and Cbus Property, one of Australia’s leading property investors and developers, have taken the majority ownership of Pacific Fair in Queensland and 50 per cent ownership of Macquarie Centre in New South Wales in a $2.2 billion deal.
Fully leased West Perth office building sold for $5.35m by JLL
25 Richardson Street West Perth sold for $5,350,000 to local Perth-based private investor Tribar Capital. The transaction was brokered by JLL’s Sean Flynn, Director of Sales and Investments, reflecting an initial yield of approximately 6.30%.
Another Queen Street Brisbane tower sold PGIM Real Estate
PGIM Real Estate has today confirmed the acquisition of 444 Queen Street, Brisbane, from vendors Abacus Property Group and The Public Trustee of Queensland for $54.4 million, negotiated by CBRE and Knight Frank.
