Hamton, Hostplus win approval for three more Moonee Valley towers
Hamton and Hostplus have been given the green light to build three towers at the north-east tip of the Moonee
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Historic Northcote site set for $180m transformation
A former Catholic aged-care home in Melbourne’s inner north is set to become the centrepiece of a $180 million Greek
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Developer takes aim at property feasibility spreadsheets
A Melbourne development manager who has worked across apartments, hotels, shopping centres and infrastructure projects has launched a software platform
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Hilton checks into Canberra with 184-room hotel
Hilton will enter Canberra for the first time, securing a franchise agreement for a 184-room hotel being developed by the
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Operator buys former Calvary aged care home, Melbourne
A former Calvary aged care facility in Melbourne’s south-east has changed hands for a speculated $5.9 million. Another operator has
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Fund managers trade Coles-anchored shopping centre
Westbridge has picked up a north Brisbane shopping centre for an estimated $55 million. The fund manager is now seeking
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South Australian childcare sales top $13.6m in 10 days
A childcare centre in Adelaide’s inner north has sold for $7 million, 10 days after a regional South Australian asset
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De Luca sells another piece of Berrinba Central
De Luca Corporation has sold a new healthcare and retail centre for $15.655 million – a 5.55 per cent passing
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Charter Hall tops out $1.8b Chifley South tower
Charter Hall’s 37-storey Chifley South tower has topped out. The 52,000 square metre office is also about 60 per cent
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Chinese e-commerce giant buys another Brisbane site
JINGDONG Property, the infrastructure investment arm of Chinese e-commerce group JD.com, has bought NM ONE, a 17.4ha industrial development site
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Newmark pays $41m for Sunshine Coast medical centre
Newmark Capital has picked up a government-anchored healthcare facility on the Sunshine Coast for $41.08 million. The Maroochydore Community Health
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Borger Cranes expands in west Sydney
Borger Cranes is expanding its western Sydney operations leasing a large industrial facility at Arndell Park to accommodate its heavy
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Vale Bert Dennis
Albert George Dennis, the founder of Dennis Family Corporation and one of Victoria’s longest-serving residential property developers, has died aged
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Last of Walter Burley Griffin’s Australian homes for sale
A family arrangement nearly 90 years ago has put two of Walter Burley Griffin’s final Australian residential commissions on the
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Gold Coast mansion breaks Queensland record after 48-hour sale
A beachfront mansion on the Gold Coast has sold for $43 million, setting a Queensland residential record after 48 hours
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Redcape pays $40m for historic Orange hotel
MA Financial-backed Redcape Hospitality has acquired Orange’s landmark Hotel Canobolas for about $40 million, five years after the previous owners
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Kmart chooses Queensland for second K home store
Kmart has chosen Queensland for its second Australian K home store Set to open on December 3, the space will
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RM Capital buys $25.5m modular home factory
A Sunshine Coast modular home manufacturer has secured a new factory through a property fund established by Mooloolaba-based RM Capital.
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Acrux pays $20.5m for Brisbane industrial site
Acrux Capital has snapped up a north Brisbane industrial site with plans to develop a purpose-built facility for Haneco Lighting
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Mirvac reshapes Sydney pipeline with $336m build-to-rent plan
Mirvac is seeking to reshape its Sydney development pipeline, lodging plans for three build-to-rent towers. The proposal for 960A Bourke
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Laundy family buy Strawberry Hills Hotel
The Hargreaves family has ended its 32-year ownership of the Strawberry Hills Hotel. The freehold going concern at 451-455 Elizabeth
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Supermarket buys Doncaster’s ex-Plume restaurant
An expanding independent grocery chain has acquired a prominent Doncaster Hill holding to occupy. Hometown Asian Supermarket acquired 546 Doncaster
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Clarence cashes out of Brisbane industrial pair for $38.4m
Clarence Property has sold two Brisbane industrial investments for a combined $38.4 million – but both on low yields of
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Keepers bags Bayside restaurant for self-storage
Interstate operator Keepers Self Storage quietly securing a high-exposure Nepean Highway restaurant with redevelopment upside. The new, Sydney-based group paid
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Australia Post plans $8m regional parcel hub
Australia Post is consolidating its regional Queensland logistics operations into a new facility capable of processing 5000 parcels an hour.
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Warburg lifts Ingenia bid as takeover value tops $3.2b
Warburg Pincus has won Superior Proposal status for its $3.2 billion-plus takeover of Ingenia Communities Group, putting fresh pressure on
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Fortis advances two-tower Richmond apartment plan
Fortis has applied to build 178 apartments across two towers, in Melbourne’s inner-east Richmond. The Pallas Capital-backed developer is proposing
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AsheMorgan eyes renovated Sydney tower at discount
AsheMorgan is targeting a Sydney CBD office and retail investment 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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Knox Group takes Armidale hotel from Roche family
The Roche family has completed its exit from Armidale’s Railway Hotel, with New England hotelier Jim Knox’s Knox Group taking
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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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