Latest Commercial Property News

BWP Property Group posted a 54% jump in statutory net profit for FY26, driven by management internalisation, lease resets with Bunnings, and strategic acquisitions. Distributions rose 4.1%, with Moody’s upgrading the credit rating to A3 stable.

Dexus has agreed to sell its half stake in 480 Queen Street, Brisbane, for $700 million, freeing capital to support higher-return projects and reduce gearing by about one percentage point.

NOVONIX has hit a critical milestone by delivering a synthetic graphite anode sample to Panasonic, supporting a planned production start in late 2027. The company secured A$21.66 million in fresh capital to fund production readiness, while navigating an evolving US trade and policy landscape aimed at boosting domestic battery materials.

LDR Capital Property Fund has completed its fourth asset divestment since taking management earlier this year, selling a fully leased office in Felixstow for $30 million and realising $106 million in total proceeds to reduce debt.

Waypoint REIT's half-year valuation shows a small 0.4% lift in portfolio value and a 0.7% increase in net tangible assets per security to $2.92, with capitalisation rates softening slightly.

SkyCity Entertainment Group has completed the unconditional sale of its 99 Albert Street and Victoria Street properties for $74.5 million, aiming to reduce debt and boost financial flexibility.

Centuria Capital Group has secured a 50% stake in prime Sydney CBD offices for $454 million, launching a new fund targeting a 7.5% annual yield and backed by domestic and Japanese investors.

Growthpoint Properties Australia sustains strong office leasing momentum in FY26 with 54,721 sqm executed and reaffirmed financial guidance, supported by active capital management and leadership appointments.

Precinct Properties has struck a $600 million deal to sell a 50% stake in Auckland’s PwC Tower to PAG, cutting its gearing to a lean 24% and setting the stage for future growth.

Elanor Investors Group has finalised a $125 million recapitalisation that slashes its cost of capital and reduces debt, setting the stage for a leaner, capital-light funds management model and imminent ASX reinstatement.

LDR Capital Property Fund has initiated its portfolio repositioning strategy by exchanging contracts to sell a secondary office asset in Cannon Hill for $24.8 million, aiming to recycle non-core assets and reduce debt without affecting FY26 distributions.

Precinct Properties Group has completed the acquisition of ASB North Wharf through its investment vehicle PPILP, marking a strategic expansion of its premium city centre real estate holdings in Auckland.