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Japanese investors trumped buyers from North America, Hong Kong and Singapore to be the most active offshore capital in Australia’s property sector last year, new CBRE data shows.
The biggest drag on deal flow was the slowdown in the office sector as worries about changes in workplace use weighed heavily on investors’ minds.
Fund manager ISPT is offering up a portfolio of retail and office properties worth about $600 million across Sydney and Melbourne.
Fund manager ISPT is offering up a portfolio of retail and office properties worth about $600 million across Sydney and Melbourne.
The transaction is the latest in a sequence of major office tower deals sending a clear signal of a reset in values across the commercial property sector.