Cadence spends $14m on former Spotswood animal quarantine station

EXCLUSIVE Charlie Buxton’s Cadence Property Group has purchased the recently vacated Spotswood Animal Quarantine Station for $14 million. The 3.8 hectare site at 43 Craig Street was occupied by the federal government’s Australian Quarantine and Inspection Service from the 1950s until eight months ago when operations were relocated to a 144ha Mickleham facility, in Melbourne’s

Read more

Accent Group chooses Armadale for Stylerunner’s first bricks and mortar store

EXCLUSIVE Nine months after purchasing online activewear retailer Stylerunner, which entered voluntary administration three weeks earlier, ASX-listed Accent Group has leased for it a prominent corner shop in ritzy Armadale. The 221 square metre premises, 1152-1154 High Street, is owned by a company controlled by members of Melbourne’s Cohen family. Forming part of the ground

Read more

Palaszczuk government lists office site at Lumina innovation cluster

The Queensland government has listed a commercial development site at its 200 hectare Gold Coast Health and Knowledge Precinct, the former 2018 Commonwealth Games Athletes Village. The parcel, 2E, sits within Lumina, a 9.5ha innovation cluster at the $2.9 billion master-planned community. Though put at 7087 square metres, the property’s boundary – and configuration –

Read more

Fenner Dunlop’s Belle Banne pre-commits to Salta’s Nexus Industrial Estate

Salta Properties has pre-committed an arm of Fenner Dunlop, the world’s biggest manufacturer of conveyor belting for mining and industrial applications, to a Dandenong South warehouse. Belle Banne Conveyor Service’s facility, within the Nexus Industrial Estate on Portlink Drive will include a double storey 438 square metre office. Attached to that will be a 6560

Read more

Frasers’ logistics trust buys Melbourne and Thames Valley investments, sells half stake of Brisbane facility

Frasers Logistics & Commercial Trust will pay its parent Frasers Property $91.6 million (S$89.9m) for an industrial investment in Melbourne and a high-tech business park in the Thames Valley (pictured, top), about 60 kilometres west of London. The Singapore listed fund also announced today it is selling its remaining half stake in a Coles-leased cold

Read more

Nationwide Towing & Transport founders sell four industrial investments with a leaseback

The founders of Nationwide Towing & Transport have sold four industrial investments with a leaseback for a speculated total price of more than $14 million. The same vendors separately offloaded Collingwood’s Melbourne Impound Yard to RACV – which in 2017 acquired a 51 per cent stake of the tow business now under the Nationwide Group

Read more

Con Makris to bank $200m from City Cross, North Adelaide Village

South Australia’s wealthiest person, Con Makris, is selling two Adelaide shopping centres. Via Makris Group, the Greek Australian property developer and investor is expecting about $200 million from the deals. The listings come five months after the businessman offloaded another retail investment, Newton Village, 11 kilometres north east of the city, for c$35m to Parramatta-based

Read more