Sam Mcvay News Today

The $390 million sale of Cairns Central brings to a close a protracted effort by Lendlease to raise capital to meet redemption requests in its flagship shopping centre fund.

The official sale period for Brisbane’s Treasury buildings has begun, putting a fresh question mark over the river end of the mall’s future. But within this current state of flux, a bigger question needs to be asked.

In today’s live blog, we report calls for urgent works on an “unsafe” Brisbane CBD route after a man’s death. Plus we examine the retail future of the southern end of the Queen Street Mall, and the Reds reveal their recruitment plans.

Star Entertainment has put the Treasury Casino and Hotel on the market as it prepares to vacate these properties for Queen’s Wharf.

The offering of the two luxury hotels comes less than four months since Far East Consortium flung open the doors to the Ritz-Carlton Melbourne.

The Rich List Laundy and Karedis families have prevailed in the race to buy Gold Coast’s famed Sheraton Grand Mirage Resort.

The mooted transaction, if finalised, will join a run of divestments from the Leandlease-managed Australian Prime Property Fund Retail, which have helped release capital to meet redemption requests.

The Laundy and Karedis families are up against private equity-owned Outrigger in the battle to acquire the Sheraton Grand Mirage on the Gold Coast.

Invictus Developments Has Acquired Quest Woolloongabba in Brisbane for AUD 43.8 Million

Billionaire Andrew Forrest and his family have purchased the brand new Waldorf Astoria hotel on a prime spot in Sydney’s Circular Quay.