AsheMorgan eyes renovated Sydney tower at discount
AsheMorgan is targeting a Sydney CBD office and retail property for about $200 million, below the price the vendor outlaid
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Silverstone banks $14.5m from Sydney housing site
Silverstone Group has sold a Sydney residential development site for $14.5 million after winning approval for a 51-lot subdivision. The
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Charter Hall assesses David Jones flagship exposure after retailer collapse
Charter Hall is reviewing the future of its interest in David Jones’ Sydney flagship after the 188-year-old department store retailer
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Deltine adds $12.2m asset to motel fund
Deltine Capital has acquired a Central Queensland asset for $12.2 million, taking its High Yield Motel Fund’s reported value beyond
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Baron Vanilla sells Perth retail centre
Baron Vanilla Management has sold its Lifestyle Zone Ocean Keys large-format retail centre in Perth’s north. The 3.23 hectare asset,
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Five Star brothers buy historic Sydney cinema
Sydney’s historic Roseville Theatre has sold to the owners of Queensland-based Five Star Cinemas, who plan to retain the independent
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Hunter site set for $1.5b business and innovation precinct
A Hunter site once earmarked for a rail freight terminal is being repositioned as a $1.5 billion business and innovation
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Ausbuild buys another Brisbane housing site
Ausbuild, since September majority owned by Japan’s Sekisui House, has bought a Logan Reserve low-density residential development site. The 2.02
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LocalsCo snaps up another Perth pub
Mount Henry Tavern has sold to Western Australian hospitality operator LocalsCo. The freehold for the 123 hectare property, 176 Lockhart
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Melbourne site chosen for flagship Natuzzi Italia
Italian luxury furnishings brand Natuzzi Italia has selected a site for its first Melbourne flagship, signing a 10-year lease in
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Scape founders sell ex-YWCA hotel
Scape co-founders Craig Carracher and Stephen Gaitanos have sold an inner-city Sydney hotel, six years after acquiring it from the
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AFL star turned developer banks $25m for office HQ
Carlton footballer turned property developer Fraser Brown has sold a near-new suburban Melbourne office for $24.8 million. The buyers are
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Melbourne fund managers trade ex-Leader Newspapers HQ
Vantage Property Investments has effectively broken even on the sale of the ex-Leader Newspapers headquarters, which it bought from News
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Sweeney family secures troubled former Jon Adgemis pub
The Oxford Tavern has changed hands again, with the Sweeney family taking ownership of the long-closed Petersham hotel following its
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Construction heavyweight drops $14.5m for Melbourne shed
A diversified construction group has quietly bought a large Melbourne industrial property for $14.5 million. The 1.22 hectare holding, 35-43
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Gold Coast office value jumps 83pc in three years
A Gold Coast office leased to ASX-listed education group NextEd has sold for $15.25 million. The three-level building at 56
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David Jones sale looms as supplier exodus deepens financial crisis
David Jones’ private equity owner is reportedly exploring a sale of the 188-year-old department store as mounting supplier arrears, departing
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Fund manager picks up $23m Brisbane gym, medical centre
Benstead Holdaway has snapped up a Goodlife-anchored healthcare investment in Brisbane, held 20 years. The 8942 square metre property at
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Rio Tinto signs landmark office lease deal
Rio Tinto will establish its Perth headquarters in a 53,158 square metre office tower set to start construction in Perth’s
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Charter Hall books loss on Hobart asset
Charter Hall has taken a haircut selling a Woolworths-backed industrial investment held five and a half years. The cold storage
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AI accelerates data centre demand in next phase of growth: CBRE
AI uptake is set to shape the next phase of data centre growth in Australia, increasing the scale, infrastructure requirements
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Takeaway spending could cost $80,000 in mortgage savings: survey
Australians estimate they waste $165 a month on purchases they consider unnecessary, with the cumulative cost potentially running to tens
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Joel Parkinson cashes in on Rainbow Bay apartment sale
Joel Parkinson has turned a $6.85 million apartment purchase into a $15.36m sale, six years on. The surfing champion and
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Singapore giant pays $27m for another Holiday Inn
Singapore-based Worldwide Hotels has bought an inner-city Perth hotel developed around a restored historic red brick home. The Holiday Inn
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Metro snaps up final stage of Brisbane’s Brickworks Park
Metro Property Development has acquired the final residential stage of Brisbane’s Brickworks Park. The seller was Singapore-backed CDL Australia. The
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Ovolo sells hotel that launched Australian expansion
Hong Kong-based Ovolo is selling two Melbourne hotels including the one that marked its entry into Australia 14 years ago.
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M&G pays $215m for Melbourne BTR tower
London-based M&G Real Estate has bought a new Melbourne build-to-rent investment for $215 million – or $1m per apartment. The
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Warburg Pincus raises Ingenia bid, brings in Lederer, Discovery Parks
Warburg Pincus has lifted its proposed takeover price for Ingenia Communities to $5.50 per stapled security, including a permitted distribution,
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Operators trade historic Rockhampton hotel
Rockhampton’s historic Criterion Hotel has changed hands for the first time in 35 years. Waymark Hotels Group is the buyer.
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Charter Hall secures site for AFP’s new Brisbane base
EXCLUSIVE Don O’Rorke has stitched together three inner-city Brisbane blocks, won approval for a 10-level office, secured the Australian Federal
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24-hour medical centre leased before completion
A GP operator has leased the balance of a medical centre under construction in Melbourne’s north. The group initially pre-committed
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Elanor fund sells regional NSW hotel
EXCLUSIVE Elanor Investors Group, which recently rebranded to Kyron, has sold a Best Western in regional New South Wales. On
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AirTrunk, CDC advance data centre plans
AirTrunk has secured $4.25 billion in green financing for its Western Sydney data centre campus, while Canberra-based CDC Data Centres
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Broome resort collects $8m
Mandala is expanding its regional accommodation portfolio in Western Australia, buying the Broome Time Resort near Cable Beach. The freehold
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Developer buys another Sydney Metro site
EXCLUSIVE Sydney Metro has sold another surplus development site – this time beside Sydenham station, in the city’s inner-west. An
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Carmdev buys $21.25m Brisbane industrial site
Carmdev has paid $21.25 million for a development site in the Yatala Enterprise Area. A 12,600 square metre industrial estate
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Chinese developer swoops on $79m Melbourne housing site
Dahua Group has paid $78.65 million for a residential development site in Melbourne’s north-west. The deal for the 43.47 hectare
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AVC eyes four more Perth pubs
Australian Venue Co is seeking to buy four Perth hotels – two each from the Night Owl Group and Toucan
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Historic Tamworth Hotel sold
Publican Jim Knox has bought the Tamworth Hotel from Sydney-based investor Daniel Whitten. The freehold at 147 Marius Street cost
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Springvale corner with 12-storey upside for sale
An ANZ-anchored investment – with recently introduced planning controls opening the way for buildings of up to 12 storeys –
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Melbourne warehouse sells for $11.7m after lease renewal
The Property Advisory has sold a Melbourne industrial investment after renewing a lease five years. The fund manager is banking
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Pipeclay Lawson pays $18.3m for industrial investment
Industrial property investor Pipeclay Lawson has paid $18.3 million for a west Sydney concrete plant leased back to construction chemicals
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Wee Hur lines up 12-level Wollstonecraft student housing project
Singapore-listed Wee Hur Holdings has secured an unconditional option to acquire an unusual Sydney development site – a deal we
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Goodman fills Port Melbourne’s biggest industrial vacancy in 20 years
EXCLUSIVE Goodman has leased 45,249 square metres across four sheds at its Port Melbourne Industrial Estate, filling a vacancy left
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JB Hi-Fi commits to Charter Hall, Mitsubishi estate, Melbourne
EXCLUSIVE JB Hi-Fi is the first tenant to commit to an industrial estate announced earlier this year by Charter Hall
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Homes NSW plans housing above WestConnex tunnels
Homes NSW is advancing plans to redevelop four vacant sites across Haberfield and Ashfield, including land left over from construction
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AVID trumps Warburg Pincus bid for Ingenia
AVID Property Group has tabled a $2.2 billion takeover proposal for Ingenia Communities, backed by Abu Dhabi sovereign wealth fund
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Australia’s Living sector tops investor wish list: Cushman & Wakefield
Australia’s institutional living sector has emerged as the most sought-after real estate asset class among investors, ranking ahead of office,
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Ausbuild buys outer-north Brisbane housing site
Ausbuild – a 51 per cent stake in which sold last month to Sekisui – has added another residential development
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Centennial, DCP pay $22m for Northern Rivers site
Centennial and Direct Commercial Property have paid $22 million for a major Northern Rivers industrial site. An 18-lot subdivision is
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Chinese car giant expands in south-east Melbourne
Another Chinese car maker has leased a contemporary office in the suburb that has become a hub for the automotive
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Boral, Dexus, Pelligra win rezoning windfall
Dexus has secured an industrial rezoning for three western Melbourne sites as it advances plans to develop land around its
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Doyles puts 141-year Sydney institution on market
The Doyle family is selling its historic waterfront restaurant and adjoining land at Watsons Bay, ending a five-generation association with
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South-east Perth industrial site sells for $11m
A south-east Perth industrial site has sold for $11 million off-market after being held by one family for decades. Spanning
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Council eyes c$25m state-owned site
A Melbourne council is pushing to acquire a vacant site from the cash-strapped Labor government, to expand a park and
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Garda sells down portfolio to focus on lending
Charter Hall is set to acquire six Brisbane industrial properties for $300 million. The seller is Garda Property Group which
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Willer pays $16.2m for Perth industrial investment
Willer Property has paid $16.15 million for a south Perth industrial property part-leased to ASX-listed marine and defence product manufacturer
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Hamton, Hostplus appointed to $7b Arden Central
The state government has chosen Hamton and Hostplus to redevelop land around Melbourne’s new Arden Station, with a $7 billion
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Taiwanese technology group snaps up Sydney warehouse
A Taiwanese technology group has paid $10 million for a two-level Sydney industrial property with an office and showroom component,
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Mathieson, Perich expand into new markets
Pub and property investor Bruce Mathieson is backing an $800 million development outside Brisbane, while the Perich family prepares to
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Assemble rolls out charging stations across 800 BTRTO homes
Assemble Developments is adding electric vehicle charging to more than 800 build-to-rent-to-own homes across two Melbourne projects. The housing group
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Not-for-profit buys $34m aged care home
For Purpose Aged Care Australia has bought a seven-year-old but never occupied facility on Melbourne’s outskirts. The 1.55 hectare property,
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Spotlight buys $30m site beside Dreamworld
Spotlight Property Group has paid $30 million for a prominent block beside Dreamworld. A retail centre is planned for part
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Rodeo turns visitors into property buyers: agent
The annual rodeo and campdraft are introducing prospective buyers to the Southern Downs, with some visitors returning to purchase rural
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Alceon, Mirvac trade $124m Brisbane office
Alceon has struck a $124 million deal for Mirvac’s 410 Ann Street office complex in Brisbane. An upgrade of the
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Growth corridor medical centre listed by receivers
A purpose-built medical centre in Melbourne’s northern growth corridor has been listed for sale by receivers, with a month-to-month tenancy
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Logistics giant sells distribution centre with a leaseback
Allegro Funds-backed Team Global Express has sold a sprawling Brisbane industrial investment with a 10-year leaseback. The $44 million result
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Fashion heavyweights trade $87m Sydney warehouse
White Fox Boutique founders, Daniel and Georgia Contos, have snapped up another major commercial property in Sydney’s inner-south. The pair
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Align lines up $85m Sydney office debut
Melbourne investor Align Property Partners is speculated to be lining up a North Sydney office tower with development upside. for
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Christian Brothers list 150-year-old Parkville estate
The Christian Brothers have put a historic Parkville estate on the market as the religious order moves to realise its
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Receiver sell west Melbourne recycling centre
A heavy industrial property in Melbourne’s west permitted for materials recycling and specialist machinery has sold through receivers. An occupier
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Maroochydore op shops sold, set for 18-level apartment towers
Cleighton Clark has bought two neighbouring Maroochydore op shops with plans for 18-level apartment complexes, 23 metres over the height
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Peet remains in play as Ingenia extends Warburg Pincus talks
Ingenia Communities has given Warburg Pincus broader due diligence access and extended the deadline for agreeing a process deed. The
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Brisbane retail centre sells for $7.3m
A fully-leased neighbourhood retail centre in Brisbane’s west has changed hands after 23 years. Windermere Village at 21 Goggs Road,
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Greater Geelong farm fetches $40m
A 563 hectare landholding on Greater Geelong’s urban fringe has sold for $40 million. The Anakie property at 975 Bacchus
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Developer buys historic ex-Schweppes warehouse
A century old inner-city Sydney property once occupied by Schweppes has sold to a local developer which specialises in the
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Occupiers trade $12m Sydney manufacturing plant
A timber processing facility in western Sydney has sold for more than $12 million. A local business, also a manufacturer,
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Ex-Toyota factory for sale with plans for housing, town centre
A former Toyota-owned site, part of a precinct rezoned for urban renewal in 2018, is for sale. The 5.3 hectare
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Regional Queensland medical centre trades for $11m
A purpose-built medical centre 210 kilometres west of Brisbane has sold for $10.8 million – a 7.3 per cent yield.
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Melbourne Officeworks sells between investors
The Harbig family, whose business interests include property and fashion, has divested a Melbourne Officeworks held for 27 years. The
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