Deals

Consolidated Properties Group has acquired the last remaining riverfront development site in the Brisbane suburb of Newstead for $64.5 million from Mirvac Group.

A receiver for collapsed developer Crown Group has sold the Sky Suites Sydney Hotel for a reported $68 million to a Singapore-based company.

Work on a slew of projects in preparation for the 2032 Olympic Games in Brisbane is set to kick into gear, after the federal government committed $3.435 billion for the city's sports infrastructure, including a new 63,000-seat stadium in Victoria Park.

A national law firm has acquired a harbour-side office space in Sydney's Harrington Collection for its headquarters.

Australia’s industrial and logistics sector has propelled the commercial real estate market in the first half of 2025, while the office sector has lagged, according to a recent report, which also found a spike in offshore investments. 

US private equity firm KKR will acquire agriculture infrastructure firm ProTen from superfund Aware Super, in a deal valued at around $1.3 billion.

Downer EDI has sold its 49 per cent stake in a bus and light rail joint venture with French public transport operator Keolis for $132 million.

A six-storey shopping centre in Melbourne’s CBD has been snatched up for $80.1 million by a private investor.

The Belmont Citi Shopping Centre has changed hands after 27 years, with a private investor scooping up the popular NSW shopping destination for $40 million. 

Hong Kong-based investors Chow Tai Fook Enterprises and Far East Consortium plan to terminate a $53 million agreement to buy out Star Entertainment's stake in the Queen’s Wharf entertainment project in Brisbane.