Daily Archives: June 29, 2023

Salvos Look to Partner Up on Sydney Office Site

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 Takes Wraps off $1.8bn Build-to-Rent Venture

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…