office building


Hotel Grand Central set to sell office building in Melbourne for A$80.8 million

The property – which is located at 300 Flinders Street – was purchased in 2013 with a 7-year lease to the then vendor Victoria Uni


Cromwell European REIT acquires Italian office building for $27.4 mil

SINGAPORE (Apr 24): Cromwell European REIT (CEREIT) is acquiring an office building located at 13 Via Jervis, Ivrea, Italy for €16.9 million ($27.4 million).


Roxy Pacific to acquire Melbourne commercial site for $76 mil through Australian JV

SINGAPORE (Nov 20): Roxy Pacific is proposing to acquire a freehold property based in Melbourne, Australia, for A$74.14 million ($76.1 million) via its new joint venture (JV) company, TE2 Roxy Australia.

Broker's Calls

New China developments to boost CapitaLand’s earnings this year, and beyond

SINGAPORE (July 5): Maybank Kim Eng Research is maintaining its “hold” call on property developer CapitaLand at an unchanged target price of $3.75, while noting that valuations appear fair following its strong rally in the year to date.


Straits Trading buys stake in Sydney office building for $123 mil

SINGAPORE (June 6): Straits Real Estate, a subsidiary of Straits Trading Company, is investing roughly A$119 million ($122.7 million) for a stake in a 32-storey office building located at 320 Pitt Street in Sydney, Australia.