Foreign Commercial Investment News

South African property giants ­Redefine Properties and Growthpoint Properties are stepping up efforts to export capital from their sluggish home market . This article originally appeared on theaustralian.com.au/property.

Construction has begun on the $970 million Jewel three-tower development on the Gold Coast.

Property developer Dyldam has swooped on the Parklea Markets site in northwest Sydney, securing the property for a $1 billion redevelopment. This article originally appeared on theaustralian.com.au/property.

The consortium developing Brisbane’s Queens Wharf casino precinct has bolstered its foothold close to the high-profile project by purchasing a nine-storey car park for $45 million. This story originally appeared on theaustralian.com.au/property.

Singapore-based Ascendas-Singbridge Group will place a North Sydney office tower — bought for more than $315 million — into an Asia-Pacific private office fund. This article originally appeared on theaustralian.com.au/property.

Who hasn’t dreamt about owning an island resort in the Whitsundays? Or maybe a tropical resort at the gateway to the Great Barrier Reef?

Developer Crown Group has been in talks with investment banks to float the business in 2018, with the aim of a dual listing in Australia and Asia. This article originally appeared on theaustralian.com.au/property.

A US research firm says cracks are appearing in US commercial property markets, with prices peaking and values likely to fall ­3-5% this year. This article originally appeared on theaustralian.com.au/property.

Perth’s office market is already seeing more action this year than in all of 2015, in a positive sign for the city’s maligned commercial prospects.