Deals

A consortium of Ki Corporation and New York Stock Exchange-listed Public Storage has pulled a $2.2 billion offer to acquire Abacus Storage Kings.

Hotelier Mark Barry has sold the iconic Fire House Hotel for a reported $35 million, in the first freehold hotel transaction in North Sydney's CBD in more than 40 years.

Singapore-based developer Maplewood Investments has acquired a 1,398 square metre site in Perth's CBD to develop a premier 835-bed student housing accommodation.

Elanor Funds Management has recommended shareholders reject a $284 million unsolicited takeover bid by the Lederer Group, saying the price is “opportunistic” and materially undervalues the commercial property fund. 

The federal government has agreed to cover almost half of the costs for building and upgrading 2032 Olympic Games venues after striking a deal with the Queensland government.

Real estate investment manager Marquette Properties has acquired an office tower on George Street in Brisbane for $52 million, after scooping up another tower down the street last year for a student accommodation. 

Hospitality group EVT Group has acquired hotel management company Pro-Invest Hotels for $74 million to seed the launch of its own brand management business.

Igneo Infrastructure's Australian renewable energy platform Atmos Renewables has acquired the remaining stake in the 316MW Hornsdale wind farm from Neoen Australia in a $400 million deal.