Deals of the week: 25 August 2017

Deals of the week: 25 August 2017

NATIONAL: Colliers International 2016/17 Capital Markets Investment Review reveals that investors have poured $29 billion into office, retail, industrial and hotel assets in the past year, with close to a third of the cash coming from overseas sovereign wealth funds and high net worth individuals — SMH.

SYDNEY: Costco, the original international bulk goods discounter to enter Australia, has opened its ninth national store and will look to increase its online presence to match its physical space as it joins other retailers in waiting for the arrival of Amazon. For its third store in Sydney it has opted for a site within the large-format retail precinct at Sydney Business Park, Marsden Park. The store will be the largest tenant with 13,575 square metres, within the 256-hectare precinct in the north-west. Read more at SMH.

SYDNEY: Sydney’s Kazal family has offloaded a prized Circular Quay retail asset leased to Management International Group and trading as Buckley’s Craft Beer Bar for $21.5 million at a tight net yield of 4 per cent — AFR.

PERTH: GDI Property Group has struck a conditional deal to buy the Ikea store in Perth for a new unlisted fund in a $143.5 million deal — The Urban Developer

BRISBANE: The Commonwealth Superannuation Corporation super fund is set to receive up to $1 billion dollars as it lists its Indooroopilly Shopping Centre in Brisbane’s Western suburbs — The Urban Developer

SYDNEY: Mirvac has expanded its retail portfolio with the purchase of the remaining half share in the East Village in Zetland, Sydney for $155 million and also inked an agreement to buy the proposed South Village Shopping Centre in Kirrawee, Sydney, from PAYCE Consolidated — SMH