• Patrick Ewing

Thursday, 28th March 2019

New South Wales

Sydney Airport’s $60 Million Hotel (AFR)

  • The Felix Hotel at Sydney Airport has been purchased for $60.6 million by Singapore’s Ascott REIT from local developers, led by Sydney developer Felix Milgrom.

  • The Felix Hotel will be rebranded as Citadines Connect from May, and managed by the Ascott REIT’s sponsor, The Ascott Limited, who owns 80% of Quest Apartment Hotels, the country's largest serviced apartment operator.

University of Wollongong Partners with Lendlease (The Australian)

  • The University of Wollongong and Lendlease will work together on a $500 million integrated health and wellbeing hub.

  • The facilities will sit at the southern end of the University’s Innovation Campus at Fairy Meadow.

  • The new 7.5ha precinct will include a 126-bed residential aged-care facility, 199 independent retirement living units, an 80-place childcare centre and recreation facilities.


Billion Dollar Dexus Deal on Collins Street (AFR)

  • Dexus have overtaken Charter Hall and Mirvac for the purchase of the Collins Street development precinct offered by Queensland funds giant QIC.

  • The billion-dollar mixed-use precinct comprises an existing 52-storey tower at 80 Collins Street, Melbourne, VIC 3000 that exists in the upmarket end of Melbourne’s premier office strip, while QIC is developing a 39-storey office tower, along with about 6000sq m of retail and a 300-key hotel managed by Singaporean brand Next.

  • Bidding on the deal is believed to have come in between $1.3 billion and $1.4 billion.

Salta Property’s $230 Million Partnership (AFR)

  • A partnership to develop a $230 million office complex in Melbourne’s Richmond has been struck between private developer Salta Properties and the listed Abacus Property Group.

  • The development, leasing and asset management of the project in Richmond’s Church Street will be managed by Salta, who will keep a half share in the end project with Abacus to also take half.

#FelixHotel #AscottREIT #SingaporeREIT #FelixMilgrom #CitadinesConnect #Lendlease #UniversityofWollongong #Dexus #Mirvac #CharterHall #CollinsStreetOffice #CollinsStreet #QIC #SaltaProperty #AbacusPropertyGroup

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