Coles secures another growth corridor town centre site
Mirvac has sold the most significant commercial component of a major housing estate in Melbourne’s south east. Coles is the
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Singapore developer secures student accommodation site
Centurion has secured a south west Perth amalgamation with plans for a 19 level student accommodation complex. The Singapore based
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Macquarie backed build to rent outfit secures another asset
Macquarie backed build to rent outfit Local has bought a major Melbourne asset due for completion in 2027. The deal
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Underutilised industrial investment fetches $10m
A modern industrial investment, with the building covering a low 38 per cent of the block, in an outer south
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Oscars invests again in Adelaide
Sydney based Bill and Mario Gravanis are continuing a push into Adelaide, this time via a large format hotel with
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Kinglake flips Capalaba asset for a premium
Kinglake Group has turned an impressive capital gain selling a large format retail investment after 16 months. The Melbourne based
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Clarence sells new bayside childcare centre
Clarence Property has completed the funds through sale of a childcare centre in Brisbane’s bayside Lota. The $7.45 million off-market
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Waiters Restaurant operators sell CBD building
An occupier – not Justin Hemmes or Chris Lucas, who own neighbouring properties, or the business which rents part of
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New Hungry Jack’s fetches $6.7m
A new Hungry Jack’s at Tamworth collected $6.7 million – a 4.63 per cent net passing yield. On 1756 square
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Balwyn North arcade sells $1m over reserve
The two storey Balwyn North Village Arcade – home for decades to Danny Lee Designs, Lemongrass Chicken and Saki Japanese
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Interstate investor buys Northland Homemaker Centre showroom
A piece of the Northland Homemaker Centre, opposite the super-regional Northland, in Melbourne’s north Preston, has sold for $6.125 million.
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Developer swoops on ex-Sizzler
Devcon Property Group has picked up the former Sizzler restaurant, in Maroochydore’s Cotton Tree, with plans to renovate and develop.
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Properties & Pathways lets, sells ex-Spotlight showroom
Properties & Pathways has flipped a regional Victorian showroom after eight months with a new eight year lease. The asset
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Zagame family list trophy Melbourne hotel
Richmond’s trophy The Grand Hotel has been listed for sale by the Zagame family. The enormous pub – with 780
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Mitsubishi buys into $2b Darling Harbour project
Mitsubishi Real Estate has bought a half stake in a $2 billion apartment, office and retail complex, at Darling Harbour.
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French asset manager secures maiden Melbourne BTR complex
AXA Investment Managers Alts has bought a build to rent investment, set for a prominent inner city Melbourne corner. The
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Government sells CBD building with development restriction
The owner of landmark skyscraper 101 Collins Street has sold a low rise building behind it after adding a covenant
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Developer doubles down in Richmond
Kokoda Property Group’s Mark Stevens has bought a second Richmond development site in five months. The Adairs and Marmar showrooms
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Council quietly fills $80m warehouse bought for park
In a surprise move, the City of Sydney has found a tenant for an enormous property bought last year to
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Australia’s only wholesale motel fund buys second asset
Deltine Capital, for Australia’s only wholesale motel fund, has bought a second asset – sticking to the east coast. The
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Yamaha HQ trades between asset managers
Clarence Property Group has snapped up Yamaha Motors Australia’s state headquarters and distribution centre. The $42 million deal for the
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Centuria sells warehouse after leasing campaign
Centuria has sold another asset from the Industrial REIT (CIP). The vacant property, 680 Boundary Road, Richlands, is collecting $38
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Developer picks up underutilised Brisbane office
Will Griffin and Steve Jones, founders of OneFin, are the latest asset managers to buy into Fortitude Valley’s St Pauls
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Not for profits trade major inner-city office
Recruitment agency Maxima, which last month lost federal funding resulting in the need to end many disability training services, has
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Historic Loreto Primary School sold, set for repurpose
It is the end of an era in Perth’s ritzy Nedlands with the Loreto Sisters settling on the sale of
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Enormous Peter Stevens workshop sells to another occupier
A former TNT Logistics warehouse in Melbourne’s inner north west Kensington, for decades owner-occupied by Peter Stevens, which temporarily went
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Transport for NSW banks premium for Blacktown block
Transport for NSW is continuing to reweigh its portfolio – this time selling a Blacktown block capable of yielding an
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Singapore asset manager eyes Monash University campus
The GPT Group is selling another Docklands asset from its Wholesale Office Fund. The Monash University Docklands campus, built in
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Pomeroy, Quattro secure luxury apartment site
Mark Pomeroy’s Pomeroy Pacific with Quattro Corp – the family office of Peter Quattro – has quietly snapped up a
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Investor buys vacant Perth warehouse
A vacant industrial investment near Perth Airport sold for $7.81 million. The 9277 square metre holding at High Wycombe found
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Lloyd Williams sells luxe Melbourne penthouse
Lloyd Williams has sold a sprawling Melbourne penthouse, opposite the Shrine of Remembrance and new Anzac station, three kilometres from
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Glenn Piper led syndicate buys historic northern NSW pub
Glenn Piper is buying the freehold going concern for Tweed shire’s oldest pub on behalf of a syndicate to be
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Australia’s first timeshare resort sold, set for repurpose
The Cedar Lake Country Resort – Australia’s first timeshare village, developed in 1977 – has sold. The freehold going concern
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JY Group buys another shopping centre stake
JY Group has bought another shopping centre half stake, this time in Sydney’s south west. The interest in Bankstown Central,
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‘Buy wholesale, sell retail’ strategy delivers another windfall for Terraplex
Unitholders in a syndicate managed by Anthony Wilson’s Terraplex have reaped a windfall of 23 per cent – just over
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Brisbane medical centre fetches $12.4m
Centuria has sold a south Brisbane medical centre bought new eight years ago. The Yarrabilba Health Precinct, as it was
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Justin Hemmes to open first Melbourne venue
Justin Hemmes’ Merivale will open its first Melbourne venue – replacing part of a Meyers Place building he bought two
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Mapletree secures site for maiden Australian student accommodation complex
Mapletree Investments has bought a permit-ready site with plans for its first Australian student accommodation complex. The 1398 square metre
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Historic Firehouse Hotel sold
Sonnel Hospitality has snapped up North Sydney’s Firehouse Hotel. The freehold going concern for 86 Walker Street cost the group,
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Investor buys office/warehouse off-market
A local investor has quietly paid $9 million for a south east Melbourne office/warehouse with a new long lease. The result
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Dandenong court building let, sold renovated
Private investors have traded one of two Victorian Family Law courts and the only one out of Melbourne’s CBD. The
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ADCO sells HQ with a leaseback
Quanta Investment Funds has bought another commercial property for a single asset fund. The two building office complex, 23 Graham
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Occupiers trade Keilor Park office/warehouse
Commercial plumbing contractor Cooke & Dowsett has paid $11.5 million for a modern office/warehouse diagonally adjacent to its local headquarters.
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Receiver sells vacant Monbulk Jam Factory
The landmark manufacturing plant at The Patch, built in 1909 by James Camm as the Monbulk Jam Factory, has sold.
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Investors still targeting childcare centres
Childcare centres are continuing to find favour with investors despite recent negative industry coverage including this month, a state government
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Developer buys ex-Camden Livestock Selling Centre
It is the end of an era in Camden with Revelop swooping on the town’s Livestock Selling Centre – outlaying
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Oreana picks up another town centre site
Oreana has acquired the first four stages of Eynesbury Village from Resimax Group, taking on development of the retail and
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Centennial, Phoenix buy enormous Brisbane Airport freehold
Centennial has teamed with Pan Asian private equity investor Phoenix Property Investors to buy and develop the last freehold development site
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Jim Knox, Ashton Waugh offload NSW hotels
Two regional New South Wales hotels have sold. In the biggest deal, ex-rugby union player Bill Young – now a
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Hill of Content building for lease
Having shed the low-rent paying, long-standing tenant – bookshop Hill of Content, which occupied 103 years – the new owner
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Raymond Terrace, Galston malls sold
Panthera Group has sold Raymond Terrace Central after eight years and a refurbishment with a new lease to the anchor.
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CSR banks $575m from west Sydney site
CSR is selling an industrial developer another west Sydney site – this one abutting the new airport. The 194 hectare
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Fitzroy unit block fetches $5.35m
A Sydney investor has swooped on a block of unrenovated one-bedroom flats, in trendy Fitzroy. The $5.35 million result for
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Over 50s provider snares permit-ready block
Over 50s community provider Lincoln Place has added an Inverness asset to its book. The 31.25 hectare site, 73 Limestone
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Melbourne asset manager buys Armidale Food Emporium
Melbourne asset manager MPG Funds has quietly bought the Armidale Food Emporium. The Coles anchored complex at the corner of
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Asset managers, developer drop $77m in south Perth
Satterley and Centuria have snapped up a Banjup site. The 7.03 hectare block on Armadale Road set the pair back
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Marquette, QIC trade Brisbane office
QIC has sold one of six Queens Wharf properties acquired from the state government for $561.9m, in 2023. The David
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Region buys WA shopping centre
Region Group confirmed a number of major real estate deals as part of reporting yesterday. Most we know – including
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Avid spends $114m on Huntley site
Avid Property Group – the local arm of US based Proprium Capital Partners – has paid $114.46 million for the
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Banjo Bond buys Brisbane industrial asset
Banjo Bond’s Cosgrove Group has bought a major industrial investment abutting Brisbane Airport. The 4.04 hectare amalgamation, 100 and 104
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Centennial, ESR profit from Brisbane warehouses
Two major asset managers have sold Brisbane industrial investments for a rise on what they paid in 2022. At Stafford,
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Not for profit sells Brisbane office
An independent not-for-profit has old a suburban Brisbane office after almost exactly 20 years. The National Association of Testing Authorities,
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Business hub to replace Ringwood factory
Charles Lloyd Group has quietly bought a development site in Ringwood’s small industrial precinct, which runs beside Eastlink and includes
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Asset manager sells Melbourne tyre recycler
Harmony Property Investments has sold a 5.3 hectare tyre recycling facility in Melbourne’s north for $13.55 million. The deal for
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Syndicate snares Adelaide chemical factory
A heavy industrial property with a hard to replicate chemical supply licence, in Adelaide’s north Gillman, has traded for $15.55 million.
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ESR sheds Perth warehouse
ESR has shed an east Perth industrial investment held nine years. Leased to Royans, but before that CAT as part
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Salta sells Preston Market stake
Salta has sold its 50 per cent stake in the tired Preston Market to Sydney-based co-owner Medich Corporation, which will
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Bell Street set for healthcare hub
A healthcare centre will be developed at a Bell Street, Coburg, site, near the border with Pascoe Vale South, after
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HomeCo buys, sells east coast retail assets
HMC Capital has contracted to buy and sell east coast retail investments on behalf of the HomeCo Daily Needs REIT.
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Two north Sydney offices sold
Two prominent north Sydney offices have sold. In the biggest deal, 205 Pacific Highway, St Leonards – one of five
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Harvey Norman snaps up growth corridor sites
Harvey Norman has snapped up neighbouring sites opposite Manor Lakes Central, in Wyndham Vale. Formerly part of a block known
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Historic Surrey Hills boys home sold
Youth With a Mission Church has sold Surrey Hills’ historic Mackillop Estate – held 26 years. The 9147 square metre
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Napier Hotel sold after nearly 30 years
Guy Lawson has sold Fitzroy’s Napier Hotel after nearly 30 years. The buyer is another operator, Baxter Pickard, also behind
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Mapletree sheds Woolworths backed regional distribution centre
Mapletree Logistics Trust has sold a regional Victorian distribution centre said to be a critical piece of infrastructure for occupier
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Operators trade historic Bells Hotel
Sam Tresise has sold South Melbourne’s historic Bells Hotel after 12 years, a renovation and extension with trade zones. Another
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Pace sells strata supermarket
Pace Development Group has sold a strata-titled retail investment, part of the apartment-based Pace of Blackburn mixed use complex, east
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Social club sells surplus land to developer
The Anzano Social Club has sold surplus land behind its Melbourne base to developer, Maximise. The 2.8 hectare tract –
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Asset managers trade Perth industrial park
Corval has snapped up a 10 year old Bibra Lake industrial park. The 2.81 hectare asset, 16 Aspiration Circuit, cost
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Government backed Hobart warehouses collect $5.7m
A Mornington industrial investment backed by three state government departments sold at auction last week. The $5.705 million result for
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Melbourne super giant buys Curtin Exchange
A major super fund has quietly bought a $300 million student accommodation based mixed use investment within Curtin University’s Bentley
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