GPT has recently acquiring buildings and vacant land in an industrial estate in Melbourne’s west from Charter Hall for a speculated $127 million; Melbourne-based property fund manager Forza Capital has scooped up a 17-storey office building in Brisbane from Mirvac for $86.75 million; A group of 12 units leased to Zenitas Healthcare in Sydney's north-west has sold to a NSW-based syndicate for $6.2 million; plus more.
Dexus has handled the biggest single commercial deal of the year, selling a half stake in Sydney's Grosvenor Place (25 George Street, The Rocks) for $925 million to the Chinese Investment Corporation; Fortis has purchased a prominent corner site located at 8 Brighton Street in Richmond for circa $19 million. Construction on this 1,298 sqm site will commence in 2022, while the planning application is expected to be submitted in early 2021; The Mackay West Shopping Centre has changed hands to a Brisbane-based private investor for $10.4 million in a sign of ongoing demand for convenience focused retail assets; plus more.
New South Wales Treasurer Dominic Perrottet is looking to undertake one of the state’s biggest ever tax reforms, announcing the phasing out of stamp duty as part of a plan to pull the state budget out of the red.
Mayor Tom Tate last night launched an official fundraiser for Ketra to build a new facility in Palm Beach which will be constructed by Condev and supported by consultants and associated trades who will help build a state-of-the-art facility for her.