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AMP spiralling out of control

New president named at Property Council of Australia

NAB leaves the building and Bank of Queensland moves in

NAB leaves the building and Bank of Queensland moves in We’re sorry, this service is currently unavailable. Please try again later. Dismiss Normal text size Advertisement AMP Capital has inked a lease with the Bank of Queensland (BOQ) for its new head office in Sydney, in a sign that the beleaguered office market is showing some life. It is the space vacated by the National Australia Bank (NAB) at 255 George Street in the heart of the city. NAB is now the anchor tenant for the nearby $2 billion Brookford Place tower at Wynyard railway station. BOQ will take the signage as part of its 10-year lease, which covers close to 6000 square metres, or four floors.

Sunsuper cuts property mandate with AMP Capital

Sunsuper cuts property mandate with AMP Capital Save Share Super fund Sunsuper has withdrawn its mandate to manage around $1.5 billion in commercial property from AMP Capital, putting further pressure on the investment platform as it races to lock in a potentially transformative joint venture deal with New York’s Ares Management. Sunsuper is transferring its real estate mandate to Mirvac, the ASX-listed developer which, under the leadership of Susan Lloyd-Hurwitz, is keen to expand its growing funds management business. Sunsuper, AMP Capital and Mirvac all declined to comment on the move but senior industry sources confirmed the switch is already underway.