Lisa Allen

2 days ago | realcommercial.com.au | Lisa Allen |Ben Wilmot

Super fund Cbus, Neil Werrett’s Galileo Group and Justin Brown’s Abadeen have abandoned their long-held plans to develop a $700m apartment tower near the Sydney Harbour Bridge, quietly unloading the site to private residential developer ALAND. Sources estimated the sale of the East Walker Street site would have netted the $100bn Cbus super fund and its joint venture partners about $240m, having outlaid $180m for the site four years ago.

1 month ago | realcommercial.com.au | Lisa Allen |Ben Wilmot

Cashed-up buyers have splurged $64.5m buying out all three sub-penthouses in Mirvac’s Harbourside Residences tower in Sydney in some of the biggest residential deals of the year. The buyers have spent $24.5m, $20m and a further $20m securing all available off the plan four-bedroom sub penthouses on level 46 of the yet to be built 48-level tower.

2 months ago | realcommercial.com.au | Lisa Allen |Ben Wilmot

Property funds manager Elanor has been unable to offload hotels in its troubled hospitality vehicle in one line and is carving up its portfolio while it remains locked in talks with key lenders to ensure its survival. Plans to sell the entire portfolio of Elanor hotels to one major party collapsed with various US groups including investment firms KSL, KKR and Blackstone walking away some weeks ago, sources said.