Deals

Melbourne's Park Hyatt Hotel has been sold to Thai group KS Hotels for a reported $200 million, in Australia's biggest hotel deal of the year so far.

Melbourne property group Cadence Property has bought up a 1.7 hectare corner industrial site located in Fishermans Bend in Port Melbourne.

BlueScope Steel is leading an international consortium that's bidding to acquired the troubled steel making facility Whyalla Steelworks. 

Lederer Group, the family trust of billionaire Paul Lederer, has launched a $285 million takeover bid for commercial property fund Elanor Funds Management, telling investors "enough is enough" and that it was time for a change.

Rental property manager MadeComfy has been acquired by Indian hospitality company Oyo in a deal worth $50 million. 

Star Entertainment will be on the hook for $41 million to its Queen's Wharf partners after an agreement to sell its stake in the Brisbane entertainment venture fell through.

Malaysian real estate investor JLand has teamed up with Hong Kong developer Far East Consortium to explore development opportunities in Australia and Malaysia.

Perth-based fund manager Acure has launched an office trust in a bid to acquire a riverfront A-grade office tower on the fringe of Brisbane’s CBD.

Star Entertainment says it is "unlikely" an agreement will reached by the end of the month for its Queen's Wharf partners to buy out its stake in the Brisbane entertainment project. 

Woodside has agreed to take over the operation of the Bass Strait gas assets from ExxonMobil Australia, in a "historic" deal that could unlock future gas development.