Commercial Property

The unit will begin construction in May.

The area is the third of four confirmed list sites for the first half of the programme.

BDO already holds a 50% stake in the mall.

Knight Frank said occupancy levels of CBD offices are 94%-95%.

The issuance has a fixed rate of 4.25%.

If the project remains on course, completion will be reached by December 2023.

The property offers 638 units in its four towers.

The expression of interest exercise ends on 27 April.

Myer occupies 52.0% of the net lettable area in the Myer Centre Adelaide.

The company will acquire the property for $159.2m.

PATMI would have surged 24% YoY if not for the weakness of APAC currencies vs USD.

In Q4, the vacancy rate was 7.1%. 

A total of four bids were received with one tenderer putting in two bids.

The tender for the site closed on 21 March.

It will be sold via an expression of interest exercise.

Its sale of $115m industrial assets is its ordinary course of business.