trending Market Intelligence /marketintelligence/en/news-insights/trending/BlxVBYx4VuZcpcona5pfXQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Report: Mirvac off-loading A$550M of properties in Australia

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Report: Mirvac off-loading A$550M of properties in Australia

is selling A$550 millionof properties in Canberra, Melbourne and Sydney, The Australian reported.

The companyis said to be selling a pair of buildings in Rhodes, Sydney, to Altis Property Partnersfor around A$250 million. It appointed Knight Frank and CBRE to market the primeassets in the Rhodes Waterside development in March.

The 14-floor5 Rider Boulevardoffers 25,015 square meters of office and parking spaces, while the seven-floor3 Rider Boulevardhas 16,811 square meters for offices and three retail outlets.

The second asset for sale, Mirvac's ComoCentre, is expected to carry a price tag of roughly A$230 million. NewmarkCapital is reportedly in due diligence to acquire the mixed-use property in Melbourne.

The Como Centre in Melbournehas 25,500 square meters of office space across three towers and a retail centerwith 30 shops and a cinema. The 107-room Como Hotel also complements the complex.

Finally,in Canberra, an unnamed private Queensland-based group entered into due diligenceto acquire the Aviation House for A$70 million, according to the publication.

The gradeA building at 16 Furzer St. in Woden comprises nine levels of office space, a ground-levelcafé and two basement-parking levels across 14,812.10 square meters, according toMirvac's website.

As of May 9, US$1 was equivalentto A$1.37.