A-grade Commercial Property Insights

Perth’s office market is starting the year strongly with Primewest finalising a deal to buy an office building from private equity group Blackstone for $86 million.

Charter Hall has put a $50 million-plus price tag on a major office building within Sydney’s Olympic Park.

Brisbane’s office market is starting the year with a series of major towers worth more than $300 million in play and investors looking to expand their holdings.

The country’s second largest health fund HBF Health Limited will bring the Perth office tower it occupies to market in a move that could see it reap up to $115 million.

The race to house more than 4000 state public servants in Sydney’s west is coming to a head with three projects in Parramatta heading a field that has pitted tycoon Lang Walker against two listed developers.

Singaporean company ARA Asset Management is again looking to bolster its Australian empire and is targeting the purchase of Adelaide’s Allianz Centre for about $150 million as more institutions look to place funds in the South Australian capital.

Asian investment groups and local funds managers are tipped to chase buildings across Sydney’s suburbs this year with major centres including Chatswood and Parramatta on the radar.

Melbourne’s office market has burst into life with more than $1 billion worth of major towers in play as the city sets the early pace for capital markets this year.

Sydney’s northern suburbs have emerged as a drawcard for international property investors with more than $1 billion worth of office towers now in play.