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Australia Real Estate

Stockland Appoints New CEO November 26, 2020 – Stockland Chairman, Tom Pockett, announced that the Board has appointed Tarun Gupta as Stockland’s next Managing Director and Chief Executive Officer. Mr Gupta will join Stockland on 1 June 2021, succeeding Mark Steinert who has been Managing Director and Chief Executive Officer since 2013. Mr Steinert will remain in …

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Charter Hall Prime Industrial Fund Secures New Equity Commitments November 25, 2020 – Charter Hall Group announced that its flagship $5.8 billion Charter Hall Prime Industrial Fund (CPIF) has closed its capital raising significantly oversubscribed, having raised $2.6 billion since April 2020 in two separate raisings. The capital raising was supported by both existing and …

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Dexus Announces Sale Of 50% Interest In Grosvenor Place, Sydney November 18, 2020 – Dexus announced that it has conditionally exchanged contracts to sell a 50% interest in Grosvenor Place, Sydney. The 50% interest comprises 25% owned by Dexus and 25% owned by the Dexus Office Partnership, in which Dexus holds a 50% interest.  Grosvenor …

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GPT distribution update

Charter Hall Social Infrastructure REIT Acquires South Australian Emergency Services Command Centre November 11, 2020 – Charter Hall Social Infrastructure REIT has entered into an off-market transaction to purchase the new purpose-built South Australian Emergency Services Command Centre and adjacent multi-deck carpark currently under construction. On completion, 85% of the property will be leased to …

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Dexus Announces Sale of 60 Miller Street, North Sydney November 2, 2020- Dexus today announced that it has conditionally exchanged contracts to sell 60 Miller Street, North Sydney. The sale will realise net proceeds of A$273 million, representing about a 3% premium to the property’s book value at June 30, 2020. 60 Miller Street is …

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Australian real estate

Charter Hall Social Infrastructure REIT Acquires Mater Queensland Property October 9, 2020 – Charter Hall Social Infrastructure Limited, as the responsible entity of the Charter Hall Social Infrastructure REIT, announced that it has entered into an agreement to acquire a 100% freehold interest in 14 Stratton Street, Newstead, Queensland in a sale and leaseback transaction …

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Australian Real Estate

Dexus Announces New Lease Amid Recessionary Market October 7, 2020 – Financial services firm, Netwealth, has been secured as the newest customer at 180 Flinders Street, Melbourne, relocating to larger premises in the Dexus portfolio. Netwealth has signed a Heads of Agreement for 10 years across circa 2,700 square metres at Dexus’s new development at …

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