Listed property player BlackWall is on the expansion path of its wholly owned WOTSO WorkSpace, with two new sites in Adelaide, and Brisbane's Fortitude Valley. The group also recently increased the gross assets in its real estate investment trust stablemate, the BlackWall Property Trust (BWR), by $38 million to $168 million. These transactions included the purchase of Telstra House, an eight-level office building in Dickson and also increasing BWR's ownership in the refurbished historic biscuit factory in North Strathfield, Sydney, known as the Bakehouse Quarter and 55 Pyrmont Bridge Road, formerly the Fox Sports building. BlackWall also plans to launch two new syndicates in the coming months.
Glad hook-up
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Glad Group has expanded with the acquisition of Poweredup Pty Ltd, a specialised electrical services and project management company. The acquisition materially strengthens Glad Group's position in integrated property services in the country. Under the deal, Poweredup's staff will be integrated with Glad Group's existing maintenance, security and cleaning business. In the past Poweredup has provided a range of electrical, data, communication and project management services to the building and construction industry with its recent assignments including projects for Target, Aldi and Rebel.
