Commercial property deals

Malaysian investment giant Mulpha International has struck its first local hotel acquisition in years, buying The Rydges Esplanade Cairns hotel in a $41 million deal. This article originally appeared on theaustralian.com.au/property.

A string of high profile Parramatta properties have been put on the market, including a number of properties owned by the Salvation Army.

A new Bunnings Warehouse still months away from being completed in regional Victoria will be the first Bunnings to be owned by a Chinese investor, after selling on a record yield.

US yoghurt powerhouse Chobani will call Melbourne’s south-east home for at least the next five years after leasing an edgy Australian head office in Mulgrave.

Sydney-based fund manager Eureka has added to its holdings in Parramatta, paying private equity real estate group Altis Property about $85 million for the former Century Centre. This article originally appeared on theaustralian.com.au.

The Paraway Pastoral Company is set to offload significant agricultural landholding Pier Pier Station in New South Wales’ Macquarie Valley.

A local group has swooped on the Bakehouse Quarter in Sydney’s inner west in a deal rumoured to have topped $300 million in a sign the market for major residential sites remains hot. This article originally appeared on theaustralian.com.au/property.

GSA Group, one of the nation’s largest providers of student accommodation, has swooped on Melbourne’s Whitley College, in its second deal this month. This article originally appeared on theaustralian.com.au/property.

Melbourne’s rail provider Metro Trains will move its offices, utilities and service vehicle workshop to Clayton in the city’s south-east, after leasing almost 20,000sqm of space.