A-grade Commercial Property Insights

The Transport Accident Commission’s waterfront headquarters has sold in Geelong’s biggest-ever property deal.

Advisory and investment group KordaMentha has bought a Melbourne office building and plans to launch a fund for retail investors to take a stake, through its property funds management business Placer Property. 

Canadian giant Brookfield Asset Management has finalised a leasing deal to develop one of Melbourne’s largest towers for National Australia Bank, and sell a half-stake in the $800 million project to superannuation fund-backed group ISPT.

AMP Capital is in the final stages of undertaking two of Sydney’s largest real estate transactions, with its historic Alfred Street skyscraper to be revamped and its search for a capital partner for its Quay Quarter Tower coming to a head.

Property powerhouse Dexus is looking to bolster its position in North Sydney by snapping up The Christie Centre in Berry St for more than $60 million.

Australia’s top banks are shifting their headquarters into glittering new skyscrapers along the eastern seaboard, setting commercial property markets alight at a time when they are also dramatically overhauling their workforces.

Hong Kong-based K Wah has joined the array of Asian buyers that have snapped up Sydney towers and has just struck a deal to buy a building from funds giant TH Real Estate for about $192 million. 

International funds managers are taking advantage of the stronger interest in Perth commercial towers to strike deals worth more than $120 million.

Funds management giant TH Real Estate has secured a buyer for its A-grade office block in Hunter Street in central Sydney with Hong Kong-based K. Wah angling to purchase the building for more than $190 million.