Site with no ceiling sells for $8.3m
An inner-city Melbourne building – subdivided in two and rented separately – has sold as one. The office/warehouse at 51-55
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Developer lands Brisbane site after 120-year hold
EXCLUSIVE Azure Group has snapped up a south-east Brisbane site offered for the first time in 120 years. The 1.06
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State hands Northshore Hamilton contracts to five developers
The state government has selected five developers to deliver nearly 2200 apartments across five sites spanning 6.1 hectares at Northshore
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SS South Steyne hits the market
Sydney’s heritage-listed SS South Steyne, which spent 36 years carrying passengers between Circular Quay and Manly before becoming a floating
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Melbourne SDA investment trades for $7.3m
A two year old specialist disability accommodation investment in Melbourne’s north-west has sold for $7.32 million. The result for the four-level property, 36A East
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Fund manager buys chunk of Victorian motel strip
Deltine Capital has taken control of a major chunk of a motel strip in one of Victoria’s best-known regional towns.
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Developer buys Rundle Place car park
Developer Theo Samaras has bought the seven-level Rundle Place car park from Growthpoint and Irongate. The Grenfell Car Park, as
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Brisbane gaol precinct gets new retail centre
Developer Stockwell has completed a new retail centre within the former Boggo Road Gaol precinct, three kilometres from Brisbane’s CBD.
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Melbourne growth corridor homemaker centre sold
Griffith Group has sold another commercial piece of a major housing estate ex-footballer Fraser Brown is developing in Melbourne. The
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Sprawling Melbourne industrial site trades for $19m
A sprawling industrial investment beside Merri Creek, in Melbourne’s north, has sold for $19 million. Leased to SPARK Trawalla Logistics
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Melbourne CBD landlords get strategic on office upgrades: Colliers
Colliers office leasing specialist James McMahon shares how repositioning and activating existing CBD assets can improve leasing performance. Melbourne’s CBD
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Flexible workspace is the future of office space: Colliers
Colliers flexible workspace specialist Barney Wilson on the changing role of flex and what’s next for the sector. Flexible workspace
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Victoria’s WFH law faces High Court hurdle
Victoria’s proposed work-from-home laws have been thrown into fresh doubt after constitutional lawyers warned the scheme could be rendered inoperative
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Infrastructure giant drops $19m for ex-Suez site
EXCLUSIVE Charter Hall has quietly sold an ex-Suez waste plant after nearly 10 years. The 1.9 hectare holding, 64-84 Waterview
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Kourbeis strikes another bowling centre deal
EXCLUSIVE Entertainment complex operator Harry Kourbeis has bought another tenpin bowling centre in Melbourne’s south-east. The Oz Tenpin and former
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Six ex-Heritage Care homes sold with leasebacks
EXCLUSIVE A 570-bed aged-care portfolio, including the former Epping Gardens complex, where 38 residents died during a COVID-19 outbreak in
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Asset managers trade two south-west Brisbane industrial estates
ESR is selling two south-west Brisbane industrial estates to asset manager CapPru for $73.8 million. The priciest investment, 57-101 Balham
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Celebrity gardener joins $180m Gold Coast project
Bastion Group has submitted plans for a 30-storey terracotta-coloured apartment tower on the Gold Coast. Dubbed Surfer, the $180 million
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Two-storey office sold for 20-level apartment tower
A Brisbane developer has bought a two-storey office with plans for a 20-level apartment tower. TRK Group, founded by the
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Kinkora doubles down in Cremorne
Kinkora Investments has bought two neighbouring offices in Melbourne’s trendy inner-east Cremorne. Buildings 1 and 2 at 658 Church Street
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Westbridge buys former Amcor plant
A former Amcor-owned printing facility in Melbourne’s south-east has changed hands. Westbridge Funds Management paid $38.5 million for 7-31 Keys
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Council bags ex-Aldi at discount
EXCLUSIVE Fairfield City Council has bought an ex-Aldi at the centre of a tangled property trail involving WiseTech Global founder
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Southern Cross Care buys inner-city office
EXCLUSIVE Southern Cross Care (WA) has bought a high-profile city-fringe office with a part-vacancy. The not-for-profit paid $10.45 million for
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Melbourne asset manager sells government investment
Kinkora Investments – the name since March for KM Property Funds or KordaMentha Property Funds – has sold a state
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Cash-strapped government keeps property sell-off rolling
The Albanese government has sold another Australia Post-backed logistics asset from a $400 million-plus portfolio listed with leasebacks earlier this
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JDA Collective buys NSW South Coast hotel
JDA Collective has bought a beachfront hotel on the NSW South Coast – outlaying a speculated $44 million. The Stevens
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Scape finally starts work on State Library tower
Scape has finally started construction of a long-planned student accommodation tower – appointing Built to deliver the project. The State
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Australia Post depot sold with a leaseback
Australia Post has sold another property from a portfolio listed earlier this year with leasebacks. This one, 65 Galway Avenue,
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Outdoor products distributor doubles Brisbane footprint, again
Urban Direct has doubled its Brisbane footprint – again. The Perth-based outdoor and home-improvement products distributor has leased a 3167
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McNee wins backing for bigger South Yarra project
EXCLUSIVE Bill McNee has been given the green light to upsize and change the use of a permitted project on
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Quest doubles Canberra footprint with Adina takeover
Serene Capital has secured The Ascott Limited to a Canberra hotel vacated last month by Adina Serviced Apartments. The 128-room
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Frank lines up fourth Teneriffe project
Frank Licastro has lodged his fourth development application in Teneriffe – Brisbane’s priciest suburb measured by median value. Via Frank
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Hunter Ferdinand cashes out medical centre portfolio
A medical centre portfolio with 14 assets, in Sydney, the Central Coast and regional New South Wales, has sold for
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Charter Hall confirms $192m in industrial deals
Charter Hall has confirmed the purchase of three Brisbane industrial investments for a total of $192.4 million. The two priciest
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May lands Newcastle’s Surfhouse
May Hospitality has bought Newcastle’s Merewether Surfhouse for about $27 million with plans for a major refurbishment. The three-level, 2277
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Singapore giant chooses Sydney for maiden Australian investment
KSL Capital Partners has sold the Four Points by Sheraton Sydney, Central Park, after five years. The US-based group is
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Ghale lists CBD corner as Sir Charles Hotham restoration wraps
Melbourne’s north-western CBD tip is set for another development shake-up, with Shesh Ghale putting a landmark corner site on the
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Swan Taxis exits long-held Perth HQ
Swan Taxis is preparing to leave its long-held Perth headquarters – putting a major development site in play. The two-level
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Brisbane boatbuilding facility trades off-market
Another waterfront asset in Brisbane’s Australia TradeCoast precinct has sold. Offered with a leaseback, the Murarrie asset, 39 Rivergate Place,
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Australian Unity sells Ballarat medical centre
Australian Unity has sold a Ballarat medical centre – part of plans to reduce debt in its $3 billion Healthcare
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Ormed sells town centre after adding Aldi
Ormed Investments has sold a Gold Coast town centre after more than two decades and an overhaul that included adding
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Deer Park industrial investment sells for $12.25m
An eight year old west Melbourne industrial investment has sold for $12.25 million off-market. Global Industrial occupies 122 Radnor Drive,
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Dubbo hotel fetches $8.4m
Brothers Ryan and Shawn Maas have sold a Dubbo pub and business after more than a decade. The freehold for
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API sells Spring Hill HQ
The Australian Post-Tel Institute (Queensland) has sold its long-held Spring Hill headquarters with a part-leaseback API Leisure & Lifestyle, as
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Not-for-profit clears final hurdle for Hobart Private takeover
A major not-for-profit has cleared the final regulatory hurdle to take over Hobart Private Hospital, ending a prolonged sale process
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Chinese Association seeks childcare operator for new centre
The Chinese Association of Victoria is seeking an operator for a new childcare centre in Melbourne’s east. The 107-place complex
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NRL buys QRL headquarters from Centuria
Following an off-market deal, the Australian Rugby League Commission has added another inner-city Brisbane investment to its fast-growing portfolio. The
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Mazen Tabet secures Julien Moussi to ex-Matilda space
Scott Pickett has sold the Matilda 159 leasehold, days after closing the South Yarra venue after almost a decade. The
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MA, Vicinity trade retail investments worth $169m
MA Financial has confirmed the purchase of two east coast retail investments. Vicinity is the seller. As realestatesource.com.au reported last
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525 Flinders St may return to market after strong leasing turnaround
The only office on the south side of Flinders Street has gone from extended vacancy to full occupancy in the
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Asset managers trade major Darwin logistics investment
Trilogy Funds has bought a major logistics investment in Darwin’s east. The Northline-backed asset, 16 Dawson Street, East Arm, set
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Occupier buys supersized South Yarra strata office
Financial planning and business advisory firm HTA Advisory has bought a supersized strata office about 400 metres from its headquarters,
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Wahlburgers shuts four Australian outlets
Four of six Australian Wahlburgers restaurants have shut leaving Mark Wahlberg’s burger chain with two local sites. The closures include
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Developer snaps up six-hectare Cockburn Central site
Broadview has quietly acquired a six hectare residential development site at Cockburn Central, south of Perth. The company is paying
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RAAFWA cashes out of Perth site
The Royal Australian Air Force of Western Australia has confirmed the sale of a 4093 square metre development site, mooted
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Forza sells Spring Hill office
Forza Capital has sold an inner-city Brisbane office held nearly five years on behalf of a single-asset fund. The Melbourne-based
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The Living Co pays $72.5m for student asset
The Living Co has paid $72.5 million for a student accommodation asset occupied by Boston University, in Sydney. The eight-storey
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United banks $8m for outgoing servo
Osprey Property Holdings has paid $8 million for an industrial investment in Toowoomba’s Wellcamp. United Petroleum sold 7/57 Heinemann Road.
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EPA lodges first data centre objection
A proposed Melbourne data centre campus has run into opposition from Victoria’s environmental watchdog, which has lodged its first formal
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Cosgrove adds $58m of Perth industrial
Banjo Bond’s Cosgrove has outlaid $58.2 million for two of four industrial properties recently offered by Lester Group. The priciest,
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Near-new Adelaide shopping centre sells for $23.5m
EXCLUSIVE A near-new neighbourhood shopping centre in Adelaide’s north-east has sold off-market. Developed and sold by Lofty Property Group, Lightsview
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Troon Group enters Perth market with $80m site
Troon Group has paid $79.8 million for a 180-hectare industrial development site – its maiden Perth investment. Part of the
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Ingenia to swallow Peet in $1b housing deal
Ingenia Communities is set to swallow residential developer Peet for c$1 billion. The deal will give the land-lease operator control
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Sentinel makes $70m modular housing play
Warren Ebert’s Sentinel Property Group is moving into modular housing – paying $70 million for a Darwin-based manufacturing business for
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United sets NT service-station record
A Darwin service station has changed hands for a record price, 14 years after it was last traded, when it
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Satterley sets LFR record with $125m deal
Satterley Property Group has paid what is believed to be the state’s highsest price for a large-format retail asset. The
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BlackRock-backed StoreLocal spends $57m on Sydney assets
StoreLocal – majority owned since last year by BlackRock- has snapped up two new Sydney warehouses to occupy. The priciest,
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Bathla enters voluntary administration
Bathla Group has entered voluntary administration, with restructuring firm Teneo appointed to several key entities as the Sydney residential developer
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Daikin-backed Airmaster HQ sells for $7.5m
A strata-titled industrial property abutting Eastlink – leased by Japan-based Daikin Industries as the Australasian headquarters of subsidiary Airmaster –
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ART buys another Westfield shopping centre stake
Australian Retirement Trust has agreed to buy into a second Westfield shopping centre. The 50 per cent interest in Westfield
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Wesfarmers-backed Built Living secures $120m for apartment factory
Wesfarmers-backed Built Living has secured up to $120 million from the National Reconstruction Fund to establish a housing manufacturing facility
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Zerra files plans for $31b data centre campus
A 725-hectare cattle property in Queensland’s Western Downs is being lined up for one of Australia’s biggest digital infrastructure developments,
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Freecity wins Australian first with student tower
Freecity has secured an Australian first for a 528-unit student accommodation project, achieving a WELL for Residential pre-certification. The 20-level
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Corval shifts Adelaide capital into industrial
EXCLUSIVE Two weeks after selling an Adelaide CBD office, Corval has put $14.15 million into an industrial investment with a
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Government sells sprawling asset with a leaseback
EXCLUSIVE Australia Post has sold a third asset from a $400 million-plus portfolio offered in March with a leaseback. Developer
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Aware, Barings pre-commit machinery giant to Somerton
Komatsu Australia has pre-committed to a sales centre, workshop and office at one of Melbourne’s largest industrial estates. The global
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Labor dental plan dubbed a furphy, policy dressed up as new
Victoria already has a public dental system – a network of dozens of facilities, many which haven’t been maintained –
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Billboard landmark with redevelopment permit up for grabs
One of Melbourne’s highest-profile properties – and unusual investments – has been listed for sale by the family of late
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MA sheds Adelaide logistics investment
MA Financial has sold an industrial investment bought mid-construction in 2021. The asset manager banked $12.125 million for 67-75 Kaurna
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Green light for Melbourne growth corridor PSP
A long-awaited planning blueprint has unlocked Melbourne’s next major residential growth front, with one developer holding an outsized share of
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