Jun 18 2017Add to Favorites
Simon Johanson, The Sydney Morning Herald
Suburban offices have become prime investment targets as falling vacancies and rising rents attract more investors to the sector.
Melbourne private investor South Haven Group this week added an $8.6 million East Hawthorn office to its portfolio and an Asian-based property group swooped on a two-storey office block Friday in the same suburb, paying $8.35 million at auction.
SOURCE: The Sydney Morning Herald
Home loan approvals have fallen significantly off the back of the APRA and the Royal Commission initiatives together with new Responsible Lending Criteria. The ABS recently reported that home loan approvals have fallen by 13.6% year on year and within that, investment loans have come back by c.20%
Off the back of successfully settling a $48m syndicated first mortgage for a residential apartment development in Sans Souci just weeks ago, Sydney-based real estate investment manager Centennial Property Group (CPG) opened a new fund with a focus on the industrial and logistics market, Centennial Industrial and Logistics Fund II (CIL II). The fund, available only to wholesale and private high net worth investors, opened on 1 November and was seeking to raise c. $38 million. CPG closed the fund less than two weeks later, well before the official close date, due to oversubscription.
Subscribe to the MP Report for more
Creating an account with MP Report allows you to save articles and update your preferences to filter the content based on your interests and what content you would like to receive from us via our email alerts and newsletter.SIGN UP HERE >