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Commercial real estate

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Metro-Minerva Theatre in Potts Point.

Billionaire Gretel Packer has plans for this historic Kings Cross site

She paid $26 million for the art deco Metro-Minerva Theatre last year, but had been schtum on plans for the beloved venue. Until now.

This Month

A render of the Harry Seidler-designed Hilton Brisbane building at 190 Elizabeth Street building in the CBD, which will reopen in July as an Intercontinental Hotel and will then undertake an extensive two-year refurbishment. 

ISPT to plug a gap with Brisbane’s first Intercontinental hotel

The super fund-backed developer and fund manager is pairing with operator IHG for the first part of its 1ha transformation of central Brisbane.

Brisbane’s newest attraction has three infinity pools and killer views

The Star Brisbane launches its long-awaited Isoletto Pool Club, seven months after the hotel’s grand opening.

Hunters Hills Private Hospital

This investor prefers hospitals to offices in $28m Hunters Hill buy

April Group has acquired Hunters Hill Private Hospital for $28 million on the basis it will deliver stable rents and rising land values.

Zac Fried is opening “a retail store on steroids”.

Spotlight’s new Anaconda will teach shoppers to fish

The privately owned large-format retail group will also offer tinnies moored to a life-sized jetty and a cold room for Queenslanders to try on puffer jackets.

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There’s a buying opportunity in commercial property, but it won’t last

Cashed-up commercial property investors that act fast can pick up assets at good prices.

David Shelton & New Agriculture head, Bruce King .

New Forests’ agriculture arm launches $750m raising

Previously, the fund manager has landed mega deals on cropping and cattle properties backed by Canadian giant AIMCo. Now it’s throwing the net wider.

Prominent cropping and sheep farm up for grabs at $50m

On Western Australia’s favoured south coast, The Oaks is controlled by descendants of a famed British tea entrepreneur.

Boosting the total: Amazon’s 80,000-square-metre Oakdale West large item facility in western Sydney’s Horsley Park.

Industrial property’s golden run comes to an end

The pandemic surge in demand has eased while supply is still ramping up, with rents falling as a result, a new report shows.

Australia’s home of the only $US1 billion plus cash M&A bid since Liberation Day.

This $US1b-plus cash bid is a real test of valuations in jumpy markets

Who would have thought Australia would be home to the only $US1 billion-plus cash M&A deal globally since ‘liberation day’?

Walking the talk: Sentinel Property Group chief executive Warren Ebert travelled to Japan last month seeking capital to buy under-valued office properties in Brisbane and expects to go back “every six weeks” until he completes his first deal.

Sentinel takes Brisbane office property deals to Japan

The commercial real estate investor is seeking capital for the first time overseas in a change of pace for the Queensland company.

Real estate executive Andrew Jolliffe launched HTL Property in 2018 and has since expanded into wealth and debt advisory.

Ex-CBA business banking chiefs land at real estate group

Mario Saia and Andrew Hazell will establish a debt advisory arm under the HTL Group.

Investing in the future: Mitsui Fudosan last year paid $1.3 billion for a two-thirds stake in Mirvac’s planned 55 Pitt Street tower.

Real estate now takes 1 in 5 Japanese deals – and it’s growing

At a time of global uncertainty, Australian real estate is finding its perfect match in Japanese investors seeking stable revenue and capital growth.

The Lane winery in Adelaide Hills has come back to market after failing to sell in a campaign last year. 

Vestey family puts ‘tariff-resistant’ winery on sale with $20m hopes

One of the UK’s wealthiest clans will exit a long-standing Australian investment portfolio – once it disposes of The Lane.

The Winning Services warehouse is one of six within the Wacol Logistics Hub.

Chinese e-commerce giant JD.com to buy $240m Brisbane logistics hub

The conglomerate’s proposed acquisition is the latest example of how foreign investors are jostling for position in Australia’s tight industrial market.

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James Zhang’s Ferrari SF90 Stradale worth $1 million.

The secret Ferrari fire sale while dozens are out of pocket

James Zhang lived large. Is he now about to sail off into the sunset?

Big property deals jump as confidence returns

A key element in the deal-making is investor belief the bottom of the downward cycle – especially for office towers – is all but over.

109 Pitt St

Sydney CBD car park that could reshape skyline hits the market

The carpark is surrounded by major projects owned by Merivale, Lendlease, Dexus, Mirvac and Milligan.

The London office tower, known as 21 Moorfields.

Lendlease lands Japanese investors for $1.5b London tower

Under pressure from investors, the company is in the thick of a wide-ranging overhaul of its business to reduce global exposures. The London deal is a boost.

Japan’s Daibiru picks up Sydney office tower in $600m deal

Major Japanese players are investing more in Australian real estate, commercial and residential.

Original URL: https://www.afr.com/topic/commercial-real-estate-5vu