Brookfield has shed 23.2 per cent of the stapled securities in major coal exporter Dalrymple Bay Infrastructure, but remains the major shareholder, retaining a 26.25 per cent interest in the venture.
Private credit supporting Australian real estate could grow by 80 per cent over the next five years, largely fueled by increased residential development lending, according to forecasting by CBRE.
While parts of the business have been placed in administration, Roberts Co has been selected as development manager and early contractor for a project on Sydney’s Macquarie Street.
Johns Lyng Group confirmed Wednesday it had received a takeover offer from Pacific Equity Partners for an undisclosed sum and has granted the private equity firm an exclusivity period to undergo due diligence.
Ashurst and King & Wood Mallesons are working behind the scenes on the proposed union of long-time partners Brickworks and investment house Washington H. Soul Pattinson, a merger that shows capital markets are ready to back big deals, one lead lawyer says.
Fletcher Building has confirmed it has received inquiries from prospective buyers of its businesses, including its construction division.
Entertainment giant EVT has put its landmark Sydney CBD Event Cinemas complex on the market.
Multinational real estate services and investment giant CBRE will acquire privately-owned commercial real estate agency Burgess Rawson.
Property investment manager and developer Centennial has scooped up an A-grade office tower in Adelaide’s Pirie Street precinct for $50.5 million.
The National Storage REIT will continue its partnership with Singaporean sovereign wealth fund GIC to invest in a second round of development assets, the ASX-listed trust said Wednesday.