Axiom Properties Sells Adelaide Bulky Goods Complex For $18.8 Million

AXIOM Properties has sold a freestanding Bunnings warehouse outlet in Islington, South Australia, to a private investor for $18.8 million.

The 12,600 square metre property includes a building leased to the Wesfarmers owned hardware retailer for 15 years, with two further five year options.

Bunnings started trading from the Islington store three months ago.

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Brodie Holland to Sell Moonee Ponds Terrace

RECENTLY retired Collingwood footballer Brodie Holland, and his wife, model, Sarita Stella-Holland, are set to outgrow their Moonee Ponds terrace.

The couple are expecting twin boys later this year, and with nine month old daughter Stevie, are looking for something bigger.

Their outgoing home, in Normanby Street, in Moonee Ponds, is now for sale with agency Nelson Alexander Essendon.

A twilight auction at 7:30pm on Thursday March 3 will be managed by selling agent John Matthews.

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Maple Close Business Park, Richmond, Sells For $20 Million

LOCAL developers are believed to have paid about $20 million for an inner-city business park near the riverfront suburb border of Richmond and South Yarra.

Sources say prominent Richmond investors Michael Gannon and Gus Cooper have purchased the Maple Close complex, at 650 Church Street, from another private investor.

Currently configured as six low-rise buildings with a combined net lettable area of 6600 square metres, the complex is considered under-developed by today’s standards – especially seeing it has four street frontages.

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Brisbane City Council Approves More Major Projects

BRISBANE City Council approved several high density projects this week, including another public housing block.

One of the biggest approved proposals, is Meriton’s 77-level apartment tower on Herschel Street, in the city’s North Quay precinct.

The council also approved a 15-storey commercial office at 949 Ann Street, in Fortitude Valley, proposed by businessman Kevin Seymour, and a major proposal by Queensland-based Watpac, for more stages of its Waterloo Junction development, being redeveloped on the site of the Waterloo Hotel.

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