Investec Australia Property Fund announced the acquisition of a three level, A-grade property in Macquarie Park, Sydney for AUD 23,255,000.

Despite vast capital growth in Sydney and Melbourne prime residential markets over the seven-year period to December 2015; overall the broader mainstream markets have significantly outperformed.

With house prices in most capital cities becoming beyond the reach of many, a growing number of Australians are deciding to ditch the inner city lifestyle for the more laidback regional centres around the country. 

Investec Australia Property Fund (“IAPF” or the “Fund”) today announced the acquisition of an A-grade nine storey office building with ground floor retail in Newcastle for $56.7 million.

Jones Lang LaSalle’s third quarter 2012 Global Office Index, released today, reveals a stable outlook for global prime office rental growth in 2013 with the majority of major markets expected to register single-digit rental growth.

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