Commercial real estate news Australia

IP Generation settles on Stockland Glendale in a $315 million deal, through Colliers agent Lachlan Macgillivray, securing the transaction on behalf of stockland.

Scentre Group has established a jointly managed fund with investment bank Barrenjoey Private Capital to purchase a 50% stake in Adelaide’s Westfield Tea Tree Plaza and the adjoining Tea Tree Plus for $308 million exclusively negotiated by CBRE’s Head of Retail Capital Markets – Pacific, Simon...

It’s the third Large Format Retail Centre (LFR) acquired by MLC Asset Management’s Australian Direct Property team (formerly IOOF), and the largest LFR deal executed nationally this year, sold by Colliers Head of Retail Middle Markets James Wilson and Ben Wilkinson.

Vicinity and Challenger have entered into an agreement with Fawkner Property to sell Karratha City shopping centre located in the Pilbara region of Western Australia. CBRE’s Pacific Head of Retail Capital Markets Simon Rooney negotiated the off-market sale campaign on behalf of vendors.