Precision-Investa Swap Sealed
The Precision Group and Investa Property Group have pulled off their $186 million swap deal in Brisbane, trading the MacArthur Central shopping centre for an office building at 160 Ann Street, plus cash.
The Precision Group and Investa Property Group have pulled off their $186 million swap deal in Brisbane, trading the MacArthur Central shopping centre for an office building at 160 Ann Street, plus cash.
The developer of Sydney’s new $361 million Chatswood transport interchange project, CRI Australia, has sold the retail component for an estimated $80 million.
Sydney-based private investment company The Precision Group has boosted its portfolio in Brisbane with the $22 million acquisition of the Victory Hotel in Edward St.
Sydney-based private investor Precision Group has snared Brisbane’s well-known Victory Hotel for $22 million one of the city’s biggest pub sales.
Precision Property Group has contracted to buy 160 Ann St from owner Zurich Australia Insurance for about $50 million, an 8 per cent yield.
Private investors are still forging into Brisbane’s strengthening office market, and the latest two deals are being wrapped up for close to $73 million.
The deal flow continues in the Adelaide property market, with retailer David Jones announcing it has entered into a formal contract for sale of the $85 million Adelaide Central Plaza project
Upmarket retailer David Jones will receive $85million from the sale of its flagship Adelaide Central Plaza retail development to a consortium of private investors.
David Jones has raised $85 million by finally selling its Adelaide Central Plaza site for $85 million to a private consortium, the Precision Group of Companies.