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Melbourne Watch Co. Collins 38 — Hands On Review

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While most of the big hotel deals happened in Sydney in 2015, this year Melbourne is tipped as the centre of activity for major deals in the hotel sector.

Australian hotel investment sales are predicted to surge to more than $4 billion in 2016. Portfolios will include Singaporean fund manager ­Ascendas' $1.4 billion ­collection of hotels and possibly Singapore-listed Stamford Land Corporation's Australian portfolio of luxury hotels which could be worth more than $1 billion.

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6. Don't forget the bush 

While it might seem far from the madding crowd the rural property market has started to come back to life with some significant sales. 

Retail billionaire Brett Blundy snapped up Macquarie Group's Wallhallow Station late last year for $100 million in what is a record for a single station aggregation. Billionaires including Gina Rinehart, Andrew Forrest, Kerry Stokes and China's Xingfa Ma have all made seriously big rural property purchases. 

The big test early this year will be whether the famous S. Kidman & Co – Australia's largest landholder – will sell. A sale last year was blocked by the federal Treasurer Scott Morrison based on a national interest test, but part of the land holdings could be sold separately allowing the remainder of the portfolio to sell.

The portfolio will be the largest sold since James packer's Consolidated pastoral sold out for $450 million in 2009. It is unlikely to beat the sale of AMP's Standbroke Pastoral in 2003 for $490 million.

 


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Source : http://www.afr.com/real-estate/top-six-australian-real-estate-deals-to-watch-for-2016-20160111-gm3nba

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