Deals

Real estate investor Mitsubishi Estate Asia is divesting its 49.9 per cent interest in the Stockland Residential Rental Partnership amid what its broker says is "surging" interest in the land lease communities sector in Australia.

Maas Group Holdings has sold its construction material division to Heidelberg Materials for $1.7 billion, vowing to use the proceeds of the sale to invest in AI and digital infrastructure assets after acquiring a minority stake in AI data centre company Firmus.

Renewables investor Octopus Australia has acquired a battery energy storage system in NSW and a solar farm and battery project in Queensland, expanding its $16 billion renewables portfolio.

Property investor Charter Hall has dropped $152 million for a 50 per cent stake in Western Sydney University's Parramatta campus. 

The government has announced that it will divest 67 defence properties following an audit which found that much of the estate was underutilized and in a state of disrepair.

Real estate investment firm Heitman and developer Erben have acquired a lot from the Western Australian government to develop a 19-storey student accommodation to meet growing demand in Perth.

A 259-hectare greenfield industrial site in Melbourne's north has been sold to Yale Investment Group for $275 million.

Real estate fund manager Charter Hall has reportedly acquired a 50 per cent stake in Sydney's O'Connell Street precinct from the Abu Dhabi Investment Authority for $500 million.

A report released by real estate asset manager Dexus suggests Australia's office market growth is on the upswing after years of stagnation.

Coles Group's proposed leasehold acquisition of a Kalgoorlie supermarket and liquor store site needs further review, the competition regulator said Thursday.