The Salvation Army is looking for a joint-venture partner to help them redevelop a prime office site in the centre of Sydney. The Salvos want to demolish their 10-storey building at Elizabeth Street—less than 100m from Hyde Park—and develop up to 28 levels with a gross floor area of nearly 16,000 square metres. Global real estate…
Mirvac has signed a Federal government-backed capital partner for its $1.8-billion Build-to-Rent Venture. The deal with Clean Energy Finance Corporation, “which facilitates increased flows of finance into the clean energy sector”, included Mirvac’s operational build-to-rent assets and pipeline with the property group retaining a 44 per cent interest in the venture. A Mirvac spokeswoman confirmed…
ESR Australia has secured one of the few remaining large-scale industrial sites in South Sydney, which has the potential to support a multi-storey logistics facility. The acquisition takes the ESR development pipeline in Australia to A$7.9 billion at a time when demand for logistics property has never been higher. ESR Australia has settled on the 48,000 sqm site for…
The YARDS, a $1 billion joint venture by Frasers Property Industrial and Aware Real Estate has set a new benchmark in Australia as the first industrial estate to achieve a Communities rating from the Green Building Council of Australia (GBCA). Achieving the highest possible 6 Star Green Star Communities v1.1 rating lifts the bar for…
One morning, when Gregor Samsa woke from troubled dreams, he found himself transformed in his bed into a horrible vermin. He lay on his armour-like back, and if he lifted his head a little he could see his brown belly.