Commercial property deals

The property sector is proving a profitable ground for potential listings of new companies on the ASX, with Newmark Capital the latest to weigh up a move as it readies a potential listing of its $300 million hardware trust.

US build-to-rent specialist Greystar has swooped on a major site in Melbourne that can accommodate more than 700 units, with the acquisition signalling the sector will keep firing even as developers struggle to sell apartments.

Property giant Stockland has boosted its residential pipeline with the acquisition of masterplanned community south west of Brisbane.

The federal minister for the environment and energy Josh Frydenberg will not intervene in the sale of the freehold of the Sydney GPO to Singapore’s Far East Organisation and its sister company Sino Land Company. This article originally appeared on theaustralian.com.au/property.

Nine retail outlets leased to bulky goods chain The Good Guys have been sold for $92 million, in a series of deal spanning four states and involving multiple buyers.

The Greg Paramor-led Folkestone has struck a deal that will see it develop a $70 million shopping centre and large format retail site in the Melbourne suburb of Altona North. This article originally appeared on theaustralian.com.au/property.

Australia’s booming industrial and logistics industry has become a driving force behind the nation’s commercial property market.

A derelict former brothel in inner-city Melbourne could be one of 2017’s biggest bargains, if proposals to demolish the site are approved after it is sold next month.

For little more than the price of the average home in Sydney, you can own a basketball facility that just last year belonged to a professional team.