FRASERS Logistics & Commercial Trust has sold its 50% stake in a Brisbane chilled facility to global real estate investment manager DWS for a cool $152.5 million – 12.2% above book value and it acquired a prime Melbourne logistics property for $22.5 million, as institutional investors’ demand for this defensive asset class shows no signs of waning. The trust has sold the remaining 50%…

AN unseasonable rise in residential property listings during July pushed Melbourne and Sydney to annual increases of nearly 21% and 11% respectively. Data from SQM Research showed national listings increased over the month by 3.8%. Compared to 12 months ago, listings were down by 1.2%. New listings grew by 18.3%. Nearly all capital cities experienced increases in July, except for Darwin with a…