Deals of the Week: 19 July 2019

Deals of the Week: 19 July 2019

SYDNEY: Brookfield Properties and Oxford Investa Property Partners has secured First State Super as a new tenant for a 10-year lease over a 9,500sq m format office space in 388 George Street, in Sydney’s CBD.—The Urban Developer.

MELBOURNE: Charter Hall has snapped up the global Telstra headquarters from Investa Office Fund and Oxford Properties for a cool $830 million. The 47-storey office tower located in the “Paris end” of Melbourne’s CBD comprises 65,913sq m of net lettable area, and 63,398sq m of office accommodation over 43 floors, along with retail and parking.—The Urban Developer.

CHINA: Global developer Lendlease has expanded its presence in Asia with the launch of its first flagship senior living development near Shanghai, worth about $400 million. The developer has earmarked the massive Asian markets as its senior living business growth centre, particularly in Shanghai, which has roughly the same population as Australia.—The Sydney Morning Herald.

MELBOURNE: In a deal that could recalibrate commercial land values in Melbourne’s most exclusive suburb, property developer Bill McNee has paid $80 million for the Village Way shopping arcade in Toorak Village.—The Australian Financial Review.

SUNSHINE COAST: WA-based investment firm, Properties & Pathways, has capitalised on the Sunshine Coast’s strengthening real estate market, divesting a Minyama large format retail centre for $12.05 million.—CBRE.

MELBOURNE: Stockland is looking to pick up the pace of its asset sales program and has sold Tooronga Village Shopping Centre, in the Melbourne suburb of Glen Iris, to funds group Newmark Capital for close to $63 million.—AFR.