Exceed Capital acquires Coffs Harbour shopping centre for $12.8M

The sale price represents a passing yield of 5.5%, including the undeveloped surrounding land

Australian Unity Office Fund receives takeover bid from Aliro Group

The company has been offered $2.45 per unit, with the company more recently trading around $2.20. It last traded close to the offer price at the beginning of May

Pallas Capital launches new PFT Feeder Fund

Comes as Pallas’ investors wished to reduce risk profile without significantly reducing yields

Cromwell Property Group sells Brisbane asset to Wingate for $108.5M

Comes as Cromwell continues to sell off its non-core assets across Australia, as part of its new direction

Southern Cross Group acquires Eight Mile Plains asset for $20M

Represents the last asset in Alecon’s office-orientated BTP trust, which commenced in 2013

Dexus exchanges contracts for $22M sale of Kilsyth warehouse

The asset at 147-153 Canterbury Road was sold at a premium of 17% compared to its December 2021 book value

Commercial property to undergo ESG-driven ‘revolutionary change’

The Property Funds Association (PFA) held their first in-person conference since the pandemic began in Cairns last week

Avenor expands team with industry heavyweights

Property fund manager and developer is kickstarting a new national expansion

Today in A-REIT: 3 May 2022

The market closed down 18.70 points at 7,328.30.

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Sydney still offers strong investment opportunities for property investors

Sydney still offers investors strong opportunities, with Hotspotting’s Tim Graham naming five Greater Sydney LGAs primed for future price growth.