Mar 15 2017Add to Favorites
Carolyn Cummins, The Sydney Morning Herald
A half-share in the tallest building in Sydney, the $1.1 billion MLC Centre is up for grabs as the co-owner QIC Global Real Estate is looking to take advantage of the hot office market.
The stake was offered to the other owner, GPT Group, as a first right of refusal, but GPT declined saying it was focused on developing other parts of its business, including new mixed-use projects, across the country.
SOURCE: The Sydney Morning Herald
Home loan approvals have fallen significantly off the back of the APRA and the Royal Commission initiatives together with new Responsible Lending Criteria. The ABS recently reported that home loan approvals have fallen by 13.6% year on year and within that, investment loans have come back by c.20%
Off the back of successfully settling a $48m syndicated first mortgage for a residential apartment development in Sans Souci just weeks ago, Sydney-based real estate investment manager Centennial Property Group (CPG) opened a new fund with a focus on the industrial and logistics market, Centennial Industrial and Logistics Fund II (CIL II). The fund, available only to wholesale and private high net worth investors, opened on 1 November and was seeking to raise c. $38 million. CPG closed the fund less than two weeks later, well before the official close date, due to oversubscription.
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