EQT, through its BPEA Mid-Market Growth Partnership, has agreed to become the majority investor in PropertyMe, a leading Australian and New Zealand cloud-based PropTech platform. Founded in 2013, PropertyMe is the largest property management software provider in the region, used by over 6,000 agencies to manage approximately 1.9 million rental properties and transact nearly $40 billion annually. The investment will support PropertyMe’s continued growth, focusing on product innovation, AI features like AiMe, and potential geographic expansion.
Frasers Property has expanded its Australian industrial capital partnership with Morgan Stanley Real Estate Investing to include nine assets across NSW, QLD, and VIC. The portfolio, comprising both fully leased properties and a development site, brings the total partnership value to approximately $1.4 billion. The expansion strengthens Frasers Property’s build-to-core strategy and supports scalable growth across industrial markets.
IHG Hotels & Resorts has announced the launch of Crowne Plaza Parramatta, a 217-room hotel set within a landmark mixed-use development opposite Parramatta Train Station. Opening in 2029, the hotel will include a rooftop infinity pool, flexible event spaces, and direct links to the city’s retail and transport hubs, marking a major milestone in Parramatta’s transformation into Sydney’s second CBD.
MRI Software has acquired Melbourne-based Proptech Labs in a deal that will expand its property management technology across Australia and New Zealand. The integration will enhance MRI Property Tree and Palace with advanced automation, inspections, and key management capabilities.
Quantaco, a leading hospitality tech firm in Australia and New Zealand, has appointed Mark Brixton as CEO as founder Anthony Sullivan becomes Executive Chairman. The leadership shift marks a new phase of innovation, aiming to expand technology-driven solutions for pubs, clubs, and restaurants across the leisure sector.
The Comiskey Group has unveiled plans for a $180 million Town Centre Precinct in North Lakes, set to create a cultural and lifestyle destination with boutique retail, premium dining, a five-star hotel, and green public spaces. The project is expected to generate more than 880 jobs and contribute over $500 million to the local economy.
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