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Australian Real Estate

Dexus Sells Kent Street Property November 24, 2021 – Dexus announced that it has exchanged contracts to sell its 100% interest in 383-395 Kent Street, Sydney. The sale will realise proceeds of $385 million, reflecting a 1.3% premium to last stated book value. Net sale proceeds will initially be used to repay debt. 383 Kent …

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Australian real estate

DWPF Acquires Additional 25% Interest In Westfield Warringah Mall November 18, 2021 – Dexus today announced that Dexus Wholesale Property Fund (DWPF) has exchanged contracts to acquire an additional 25% interest in Westfield Warringah Mall, Brookvale for circa $410 million, increasing DWPF’s interest to 50%, with Scentre Group retaining ownership of the remaining 50% interest. …

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Vicinity Centres Said Robust Leasing Activity And Rebound In Centre Visitation Will Help In Recovery After Covid Bout November 10, 2021 – Vicinity Centres reported that their are seeing “positive initial signs” on reopening in New South Wales and Victoria after significant impact of lockdowns. The REIT said COVID-normal states – which are Queensland, Western …

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Dexus Real Estate Partnership 1 Secures Initial Investments November 3, 2021 – Dexus announced that it has secured the first three investments for Dexus Real Estate Partnership 1 (DREP1 or the Fund). DREP1 is the first in a series of closed-ended opportunity funds that seek to provide wholesale investors with an enhanced return via exposure …

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Vicinity Centres And Global Marketplace Announce New Partnership October 28, 2021 – Global Marketplace (GMP) and Vicinity Centres (Vicinity), have today announced a strategic partnership combining the national physical footprint of Vicinity’s 61 retail destinations with leading e-commerce events, data and marketplace owner GMP. Owner of Click Frenzy, Click Central, and Power Retail, GMP’s partnership …

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Waypoint REIT Appoints Hadyn Stephens As Managing Director October 21, 2021 – Waypoint REIT advised that the Chief Executive Officer (CEO), Mr Hadyn Stephens,has been appointed Managing Director of Waypoint REIT Limited with effect from 21 October 2021. “We are delighted to appoint Mr Stephens as a director. The Board has observed Mr Stephens in …

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Vicinity Centres Strengthens Its Outlet Portfolio With Acquisition Of 50% Interest In Harbour Town Premium Outlets Gold Coast October 12, 2021 – Vicinity Centres announced that it has reached a conditional agreement to acquire a 50% interest in Harbour Town Premium Outlets Gold Coast in Queensland from Australian Prime Property Fund Retail for $358 million. Lewis …

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Vicinity Advances Distribution Strategy With Drone Delivery October 7, 2021 – In a world-first, Vicinity Centres announced that it has partnered with Wing – an Alphabet company – to pilot a new delivery model, flying goods from shopping centre rooftops directly to Australian customers. Vicinity and Wing have been piloting the world-first service from the …

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