Deals

Sovereign wealth fund Abu Dhabi Investments Authority has sold the Novotel and Ibis hotels in Sydney's Darling Harbour to Wentworth Capital for $390 million.

The ACCC has narrowed the number of local sites in its sights as part of an assessment of Ampol's $1.1 billion acquisition of EG Australia, but the "metropolitan-wide" effects of the merger in four major cities are under the microscope.

BP subsidiary Lightsource bp has announced the sale of five of its solar assets to Aula Energy, as part of a plan to shift its focus to hybrid projects.

Singapore's OUE Real Estate Investment Trust has expanded into Sydney's CBD office market with the purchase of a 19.9 per cent interest in Salesforce Tower from Mitsubishi Estate Asia.

The investment vehicle of MRS Property has pocketed $42.4 million in the sale of a five-level office building in Adelaide's CBD.

The Trump Organization is planning its first development in Australia, signing an agreement to build a 91-storey luxury hotel on the Gold Coast.

In a sign of recovery for Melbourne's commercial property market, developer Bill McNee's Vicland has sold St Germain in Toorak to Spotlight Property Group.

Goodman Group has touted its 6 GW power bank at sites across Australia, Europe and North America, amid predictions for skyrocketing demand for digital infrastructure.

Charter Hall Group's retail fund has grown to $3 billion after picking up three east coast shopping centres for $360 million, in a sign of the robustness of the sector.

Baker McKenzie is the latest law firm to sign on as a tenant at 55 Pitt Street in Sydney -- a premium office tower overlooking Circular Quay -- following in the footsteps of MinterEllison.