Foreign Commercial Investment News

Hainan Airlines is acquiring the Novotel Twin Waters resort on Queensland’s Sunshine Coast, in the Chinese carrier’s first foray into the Australian tourism industry.

One of Japan’s largest property houses, Mitsubishi, has emerged alongside China’s Ping An Insurance as the parties being courted as capital partners for Lend Lease’s proposed Circular Quay Tower. This article originally appeared on theaustralian.com.au/property.

The Singapore-listed Frasers Hospitality Trust has forged into the Melbourne hotel market with the purchase of the Novotel Melbourne on Collins from US giant LaSalle Investment Management. This article originally appeared on theaustralian.com.au/property.

There is still life in Western Australia’s ailing commercial property market, particularly in retail, experts say.

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 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.

The Bank of China has stamped its authority on Sydney, buying a $130 million office building for its new headquarters, as mainland financial institutions expand their footprints down under. This article originally appeared on theaustralian.com.au.

A prime 2.96ha waterfront development site in the heart of Townsville’s Breakwater Marina and near the Townsville Entertainment and Convention Centre has been placed on the market.

A department store brand not yet seen in Australia is among the luxury retailers being sought by the Star Entertainment Group to open at the $3 billion Queen’s Wharf development in Brisbane. This article originally appeared on theaustralian.com.au/property.