Time and Place Commercial buys Truganina block from Incore Developments for $28.6m
Time and Place Commercial has acquired another major industrial development site, this time in Truganina, about 22 kilometres west of
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Time & Place snare prominent inner-city site
Time & Place has snapped up a prominent inner city Melbourne office/warehouse for a new arm. The asset manager and
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Kooyong Lawn Tennis Club buys Vision Australia HQ to expand
Postscript: in December, it will be announced this deal isn’t proceeding. Details here. The Kooyong Lawn Tennis Club has quietly
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First time commercial real estate investor buys preschool
The 10 year old Bingara Gorge Community Preschool has sold to a first time commercial property investor, also a doctor,
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Redhill secures Dandenong Ranges retreat for a discount
Redhill Hospitality Group has picked up another regional hospitality asset, this time for $6.15 million. The price for the Panorama
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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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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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Time & Place doubles down in Northcote
Time & Place has settled on a major Northcote industrial investment with plans for a residential redevelopment. The 1.78 hectare
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Average Australian house pips $1m for the first time
Australia’s mean house price – not to be confused with the less statistically reliable median used in most real estate
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Costco sells ex-Docklands store
Costco has sold its Docklands store after upsizing to a larger one west of town. The surprise off-market deal with
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Salter announces REIT, return of Regent Hotel brand
Salter Brothers plans to list a hospitality fund within 18 months after unveiling a property contribution and management agreement deal
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WA syndicator buys Ballarat health and LFR hub
HMC Capital has sold a prominent essential services focused large format retail centre in Ballarat’s Wendouree, off-market. On behalf of
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Woolies approved to replace ex-reception centre
Woolworths’ development arm Fabcot has been permitted to replace a recently razed Melbourne function centre with a two storey mall
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Campaign launched to replace Kew’s ex-VicRoads HQ
EXCLUSIVE Development Victoria has launched a campaign to sell the ex-VicRoads headquarters, near Kew Junction, for a residential project. About
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Lutherans buy replacement HQ
After selling its sprawling North Adelaide headquarters last year, the Lutheran Church in Australia has tipped part of the proceeds
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Clarence banks $10.2m for hardstand site
Clarence Property Group has offloaded another one of five blocks retained within a Heathwood industrial estate sold down two years
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Melton chidcare centre sells for second time in 16 months
A central Melton childcare investment has sold for the second time in 16 months. Backed by Little Stars, the 100-place
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Electric car giant enters Queensland with lease deal
EXCLUSIVE Chinese electric car maker Zeekr, which launched in Australia mid-October, has leased another showroom – this time in Brisbane’s
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James Packer, Time & Place buy historic warehouse to repurpose
A historic Surry Hills warehouse once occupied by David Jones has sold to James Packer and Time & Place, which
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Planning minister signs off on six building Docklands project
Planning minister Sonya Kilkenny has given Lendlease the green light to develop the last three buildings at its prominent Collins
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PCA replaces president
Charter Hall Office chief executive officer, Carmel Hourigan, was last week appointed the Property Council of Australia’s national president. The
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Landmark Melbourne site hits market after a century
The owners of custom timber product and moulding manufacturer, Porta, have listed the company’s spectacularly located headquarters abutting Yarra Bend
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Stockland sells conservation site
Stockland has sold a 63 hectare site adjacent to its Willowdale housing estate, at Denham Court, east of Leppington. At
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Fox family sell Sydney’s landmark Boomerang
Lindsay and Paula Fox have sold Elizabeth Bay’s Boomerang, seven years after it was first touted off-market. The first Sydney
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Office vacancy up as supply outstrips demand again
It is still a tenant’s market with vacancy up in almost all major city, fringe and suburban office regions, according
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Seven, Wesfarmers commit to new Docklands precinct
Lendlease has secured two office tenants to the $2.9 billion Melbourne Quarter project, taking shape in stages at Docklands. In
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Ericsson to quit Docklands for CBD
Ericsson will quit Docklands for the CBD – signing up for nearly three floors at Charter Hall and GIC’s 555
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Council buys timeshare giant’s Gold Coast HQ
The City of Gold Coast has bought a modern 12 level Bundall office for its investment portfolio. On 4161 square
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Time & Place sell down maiden industrial project
Time & Place has banked $7.5 million from a convenience retail investment carved out of an ex-Mobil site in Williamstown
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All-electric office coming to Eastland
QIC recently kicked off construction for an all-electric office tower as part of its growing mixed-use precinct in Ringwood, which
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Melbourne fund manager snares Stockland Gladstone
Melbourne based Fawkner Properties has secured another interstate mall – this time in Queensland. The fund manager is paying Stockland
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Ashurst to switch Martin Place HQ
Ashurst – which turned 200 last year – will relocate its Sydney headquarters within Martin Place. The law firm has
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Iveco sells landmark Melbourne production plant
EXCLUSIVE A 12.21 hectare piece of the prominent ex-Iveco factory, at the south east corner of the Princes and South
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Melbourne hits record high office occupancy since pandemic: PCA
Offices in Perth hit 80 per cent occupancy in November and Melbourne recorded its highest occupancy levels since the pandemic
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McMullin to replace Hawthorn bank with office
Eighteen months since snapping up Glenferrie Road’s 57 year old ex-Westpac branch, McMullin has unveiled plans to replace it with
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MaxCap, Time & Place snare Cremorne site for premium office
A consortium including fashion retail heavyweights Michael Gannon and Perri Cutten has sold a Cremorne car park to Time &
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MaxCap, Time & Place divest ex-Orica site
MaxCap and Time & Place are banking a 26 per cent premium selling a Villawood industrial development site after 18
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Hines, Cadillac Fairview seal landmark BTR deal
Hines and Cadillac Fairview, the real estate arm of the Ontario Teachers’ Pension Fund, have formed a partnership to acquire
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North Stradbroke Island’s only pub sold after 26 years
Bob Hill has sold North Stradbroke Island’s only hotel to a partnership comprising Good Time Group Holdings and Anthony Moreton
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Developer snares Gold Coast timeshare complex
Over a thousand owners of a tired 62-unit Broadbeach timeshare complex have sold the site for $45.0017 million to a
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Charter Hall snaps up Collins Place with development plan
Charter Hall has quietly purchased the freehold to the 1.34 hectare Collins Place complex, in Melbourne’s exclusive eastern core, for
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Publicans trade Southern Highlands venue
Tom Porter will retire from hospitality after selling the Moss Vale Hotel after nearly 35 years. The freehold going concern
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Nolan consolidates to Dandenong South HQ
Nolan Group will consolidate several south east locations, including its Dingley Village headquarters, to a Dandenong South office/warehouse (artist’s impression,
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Green light for Sam Arnaout’s maiden Queensland project
The City of Gold Coast has given Sam Arnaout’s Iris Capital the green light to replace Broadbeach’s Niecon Plaza with
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JLL replaces ANZ CEO
JLL has appointed Dan Kernaghan (pictured, top) as Australia and New Zealand chief executive officer. The former office leasing department
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Time & Place pockets Hotel Lindrum as development play
Time & Place has purchased the historic Hotel Lindrum as a development play. The high profile six storey building on
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Stockland to redevelop WSU Penrith campus
Stockland will team with Western Sydney University to replace the latter’s Penrith campus with a master-planned, mixed-use precinct. As part
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Bank Australia sells long-time Kew HQ
Bank Australia has sold its triple storey Kew headquarters, which it built in 1982, for $15.125 million. At 222 High
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Dandenong South warehouse sells for $20m
A land rich Dandenong South industrial investment has sold for c$20 million reflecting a 3.25 per cent yield. Despite its
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HB Land snaps up Aitken Hill conference centre
Singapore listed developer Ho Bee Land (HB Land) is paying $142 million for Craigieburn’s Aitken Hill conference centre. The 68.4
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Third time lucky for Jam Factory revamp
An application to redevelop South Yarra’s Jam Factory as a mixed-use village with an end value of $1.5 billion will
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Elanor sells Queensland shopping centre, reports growth
Elanor Investors Group (ENN) has sold Moranbah Fair Shopping Centre after four years. The deal, with Sentinel, is worth $28
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Stockland re-enters Geelong housing market
Stockland has acquired another low-density residential development site, this time at Armstrong Creek, between Geelong and Torquay. The 30.6 hectare
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SightStone doubles money on land
SightStone has sold its master-planned Radiance housing estate site for c$100 million. The deal comes four years since the developer
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SCA acquires third Queensland shopping centre this year
SCA Property Group is paying $34.34 million for Drayton Central, on Toowoomba’s southern outskirts. The price reflects a 5.39 per
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Stockland pays c$50m for Melbourne housing site
Stockland has picked up a low-density housing site in Melbourne’s west Tarneit. The 38 hectare Sayers Road parcel, the balance
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Architects called for landmark Arts Precinct site
Development Victoria has launched a design competition for NGV Contemporary – set to replace the former Carlton & United Breweries
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Capital Alliance wins $600m Revitalising Central Dandenong contract
Capital Alliance has won a $600 million state government contract to replace five major Dandenong blocks with commercial and residential
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Toowong office earns $25.15m from first-time commercial property investor
An offshore investor with a residential property portfolio – including in Australia at the Gold Coast – has made his
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Stockland outlays $60m for two unbuilt Truganina logistics investments
Stockland is continuing to push into Melbourne’s western suburb logistics space outlaying $60 million for two unbuilt Truganina warehouses. The
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Time & Place, Woolworths call in Carr for Glen Iris proposal
After spending $30 million on a low-rise office covering 1.1 acres in Glen Iris, Time & Place and Woolworths are
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Linfox leases 55,000 sqm at Stockland’s Forrester Distribution Centre
Asia Pacific’s largest privately owned logistics company, Linfox, has signed a landmark lease at Stockland’s Forrester Distribution Centre in Sydney’s
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Curtis, Gonski, Mordant sell Alexandria Bunnings for $70m
Charter Hall is paying $70 million for an outgoing Bunnings outlet on 1.9 hectares near Sydney Airport with plans to
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Time & Place spends $29m on Southbank skyscraper site
Time & Place has paid $29 million for a Southbank site abutting Kings Way with plans for a c62 level
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LF Logistics expands at Marsden Park before moving in
LF Logistics has expanded its tenancy at a business park being developed by LOGOS in Sydney’s north west Marsden Park.
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Ryde Toyota dealership and service centre collects $22.9m from EG
Servco has sold another Toyota car dealership with a leaseback – this time to EG, which will refurbish it. The
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LOGOS buys c$70m Epping business park from Time & Place, MaxCap
LOGOS Group is acquiring a 9.7 hectare industrial investment the vendors Time & Place and MaxCap are still constructing, in
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Primewest buys Dubbo Toyota and Lexus dealership for $12.5m
EXCLUSIVE Primewest has bought a third investment for its Diversified Income Trust No 4 – this time in the New
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Coles banks $15.5m from Subiaco supermarket prepped for landmark
Coles Property Developments has sold a former supermarket and car park earmarked in planning documents to make way for a
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Stockland’s Mark Steinert retires
Stockland today announced that its chief executive officer and managing director Mark Steinert would retire. The businessman took over from
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Jewish Care Victoria lists acre of land behind St Kilda Road HQ
EXCLUSIVE Jewish Care Victoria is readying to sell surplus land at the back of its St Kilda Road headquarters –
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Time & Place with Woolworths pays c$30m for Glen Iris office with development upside
Diversified Melbourne developer Time & Place and Woolworths have partnered to buy a modern Glen Iris office to replace with
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Time & Place bids $85m for 1960s Potts Point block The Chimes
Time & Place has made a play with the owners of 80 studio apartments and a car park, for a
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Pace proposes office on Blackburn’s ex-Lexus, Leader and cordial maker Cottee’s site
Pace Development Group intends to build a high-end office on part of an east Melbourne site once controlled by Lexus
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Stockland secures Apergy, Dotmar and Medline to $188m Willawong Distribution Centre
Stockland is reaping a reward for its decision to speculatively construct the first stage of a south Brisbane logistics park
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JP Morgan Chase to part with half or all of Southbank’s Twenty8 Freshwater Place
JP Morgan Chase is selling a modern Southbank office. The vendor can expect more than $400 million for the 25-level,
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ISHKA placed into voluntary administration
Homewares retailer ISHKA was placed into voluntary administration today. Established in Melbourne’s Glen Iris 49 years ago – the family
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Coronation Property pays Stockland $41 million for Merrylands build-to-rent site
A 1.25 hectare development site within Merrylands’ Town Centre has sold between Sydney developers. Family owned Coronation Property is paying
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Desane settles on $9.5 million Wacol industrial property – its first Queensland acquisition
An entity of the ASX-listed Desane Group Holdings Limited has settled on its first Queensland property investment. Desane Properties Pty
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Frank and Sharon Van Haandel list renovated Toorak manor
Hospitality veterans Frank and Sharon Van Haandel are selling their contemporary Toorak home – asking between $11.2-$12 million – and
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