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Wednesday, 20 June 2012 07:00 |
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 HALF a billion has been invested around Brisbane’s Queen Street Mall this year.
ISPT has been the biggest player, spending $100 million refurbishing the Wintergarden Shopping centre which included building a colourful thatched façade. The Melbourne based company also purchased a half share of the Myer Centre for $366 million, and invested another $60 million on the Broadway on the Mall complex.
Toward the casino the Blackstone owned Balad is selling 60 Queen Street for an expected price of between $30 million - $40 million.
The Brisbane City Council is looking to replicate Melbourne’s successful laneway retail concept with the Burnett Lane complex.
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Friday, 22 June 2012 07:12 |
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 THE SHOPPING Centre, at 136 The Avenue, in Sunshine West, Melbourne, sold to a high net worth private investor for $4.95 million.
On a 13,340 square metre block, and with 3997 square metres of lettable retail area, the sale price reflects a yield of 9.6 per cent. Anchor tenant Coles contributes to the majority of the annual $565,000 annual rent. The centre, west of Melbourne, also includes 196 car park bays.
Colliers International’s Jeremy Gruzewski and Ted Dwyer marketed the shopping centre.
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Friday, 22 June 2012 00:08 |
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 THE largest supermarket in Oakley, a satellite town near Toowoomba in Queensland sold at auction last week for $6.1 million.
A private investor purchased the investment from a Sunshine Coast vendor. Leased to IGA until March 2022, the 2673 square metre supermarket, on a 7554 square metre block at 157-163 Bridge Street, sold on a yield of 9.8 per cent.
Four specialty shops (including two leased to a bakery and optometrist) contribute to 15 per cent of the asset’s annual rent. Burgess Rawson’s Pat Kelly and Raoul Holderhead marketed the supermarket.
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Friday, 22 June 2012 08:00 |
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 THE Perth-based Property Bank Australia has paid $15.6 million for a North Sydney commercial investment.
It is the latest in a string of investments on the North Shore where PBA has invested recently.
Its latest acquisition, a five-level, 3540 square metre office on a 1034 square metre block at 51 Berry Street returns rent of $1.4 million per annum. It includes 42 car parks and had recently undergone capital value works.
The main tenant is ACE Limited which has occupied the building since new and recently signed a new five year lease.
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Monday, 18 June 2012 08:00 |
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 BILLIONAIRE businessman John Van Leishout is understood to be paying some $40 million for the Seahaven Resort in Noosa, Queensland.
First listed for sale more than 18 months ago, and later reported as a deal that fell through, the resort at 9-21 Hastings Street includes 48 one and two bedroom apartments, 12 retail shops and a car park.
It spreads over a site of 4722 square metres – and has 100 metre frontage to the beach (pictured, right).
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Monday, 18 June 2012 00:00 |
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 TOURISM Asset Holdings Limited can expect to make between $55 and $60 million from the sale of the landmark Novotel Melbourne hotel complex in bayside St Kilda.
On a freehold 5791 square metre site, the hotel includes 211 rooms over six levels. It is zoned residential, has a car park and is expected to arouse interest from developers who may propose a much higher density apartment tower compound.
The hotel is near the St Kilda Triangle site, a subject of a redevelopment proposal, after a failed attempt to replace the site with a shopping centre a few years ago.
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Thursday, 21 June 2012 07:30 |
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 SOUTH African backed Growthpoint Properties Australia has paid $50 million for a Canberra office complex fully leased by the federal government.
The 10-12 Mort Street complex (pictured, right), offloaded by the GPT Group, includes two adjoining six-level towers with a total of 15,400 square metres of A-grade space. The AFR, which reported the sale, did not disclose the rent paid by the government or the yield the property sold for.
Over the past three years the trust has acquired $835 million in real estate. It bought four office assets last December for $294 million, and also , three office assets in Brisbane, an office development in Sydney’s Gore Hill Technology Park.
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