Wednesday, 12th December 2018
New South Wales
Charter Hall Makes Sydney CBD Play (The Australian)
Property powerhouse Charter Hall has purchased the freehold title of Sydney CBD’s Chifley Tower and Plaza for a reported figure of $98.5 million. The title at 2 Chifley Square Sydney NSW 2000 consists of 6438m² of land as well as accommodating the 94.6-year leasehold owned by Singapore’s GIC Real Estate, valued at $1.8 billion and covering 70,000m² of office space.
Chinese Investor Secures Melbourne Shopping Centre (AFR)
A first-time retail investor from China has secured the recently developed shopping centre at 315A Harvest Home Road Epping VIC 3076 for a reported $44 million. The property, on a yield of around 5.6%, is situated on a block of 2.32ha with high-profile tenants such as Coles and Aldi, on 15-year and 10-year lease terms respectively.