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Other Developments
A curated list of other prominent stories from this day.
10:32 PMPropertymarkets News
Industrial Investment in Adelaide’s North Sells for $11M in Off-Market Deal
Summary
A fully leased industrial property in Adelaide’s inner north sold for $11 million in an off-market transaction. The sale reflects continued investor demand for core-plus industrial assets with existing income.
Why it matters
It reinforces industrial as the most liquid commercial segment, supporting valuations for leased assets despite tighter capital conditions.
Centuria Progresses $454M World Square Office Acquisition
Summary
Centuria Capital Group has exchanged contracts to buy a 50% stake in the A-Grade Sydney CBD office assets at 680 George Street and 50 Goulburn Street for $454 million. The deal advances Centuria’s exposure to prime, centrally located office stock within the World Square precinct.
Why it matters
It signals where liquidity is returning in Australian offices: prime Sydney assets, often via risk-sharing structures.