ARA Asset Management and QuadReal Property Group have snapped up a $330 million office building in East Melbourne from Jeff Xu’s Golden Age and Time & Place. Xu and Time & Place paid $60 million three years ago for the 200 Victoria Parade East Melbourne property. The partnership will see Time & Place and Golden Age take responsibility for the development management and construction…

ATTRACTIVE investment yields in South Australia compared to the tight eastern seaboard have spurred commercial property transactions in the state to an all time high. JLL data shows transaction volumes in 2019 reached a total of $1.99 billion across all commercial sectors, smashing the previous annual record of $1.60 billion recorded in 2003. Office transaction volumes hit $799.3 million, the…