MACAU gaming mogul Loi Keong Kuong has made a second major commercial property acquisition on the Gold Coast in 18 months, paying about $65 million to EG Funds Management for the Circle on Cavill retail centre in Surfers Paradise. EG spent over $13 million on upgrades since buying the 12,364 sqm, Woolworths anchored centre for circa $40 million in 2011 from collapsed developer Octaviar. The fund…

THE capital growth cycle for many Australian commercial real estate markets has most likely peaked, given the probability of modest economic growth and a lower for longer interest rate environment. A new report from Cushman & Wakefield also looks at scenarios that include a chance of a recession, and, at smaller odds, that growth will reaccelerate in 2020, reigniting inflation fears and…