A-grade Commercial Property Insights

A landmark building in Hobart’s CBD is expected to fetch tens of millions of dollars when it is sold later this month.

Sydney-based real estate investor Markham has become the latest player to enter the city’s rising southern office precinct, proposing a new top-class office complex in Alexandria.

Sydney’s landmark Chifley Tower and Plaza has become part of the Charter Hall empire, with the listed group taking control of the $1.8 billion office building after striking a partnership with its owner, Singaporean sovereign wealth fund GIC.

Abacus could emerge with a slice of one of Sydney’s premier office buildings as it has gone into due diligence on an interest in a tower being sold by Dexus and the private Perron Group for about $650 million.

Co-working giant WeWork is in the midst of striking its largest leasing deal in Australia, lining up a whole building to occupy in the heart of Sydney’s central business district on the corner of Market and Pitt streets.

Singapore-based Redhill Property Partners is heading the field of bidders for Perth’s BGC Centre, which is being sold by the family of late tycoon Len Buckeridge for about $110 million.

Lendlease’s wholesale Australian Prime Property Fund Commercial is weighing up joining the rush of investors lifting their exposure to Brisbane’s office market with a move to take control of the Central Plaza 2 complex in a move that would value it at about $400 million.

Diversified property group Stockland is at the heart of two property plays in Sydney’s central business district, with a sale of its half interest in the $700 million 135 King St and Glasshouse complex to the Investa fund that co-owns the complex imminent.

The Cromwell Property Group has sealed a $113.28 million deal to buy an office complex in the inner-Sydney suburb of Mascot from the Goodman Group for its main local direct property fund.