Sentinel banks $39m selling Sunshine North homemaker centre to Assembly, Cadence off-market

Sentinel Property Group has sold City West Plaza in Melbourne’s west to Cadence Property Group and Assembly Funds Management, the latter an entity part-financially backed by Sydney-based Westfield co-founders, the Lowy family. The Sunshine North homemaker centre at 484-486 Ballarat Road is trading for $39 million following an off-market deal negotiated by JLL’s Stuart Taylor

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Ascot Capital picks up Port Macquarie office from Sentinel for $37.9 million

Ascot Capital is paying $37.9 million for a Port Macquarie office with a long lease to Essential Energy. The asset, 8 Buller Street, was offloaded by Sentinel Property Group which paid $20.6 million in January, 2017. A subsequent renovation improved the building quality to A-grade. Sentinel PG re-offered the office for sale after securing the

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Sentinel Property Group pays record $103 million for Brisbane’s Makerston House

Sentinel Property Group is paying $103 million for a B-grade Brisbane CBD office. Makerston House, in the city’s North Quarter, is Sentinel’s most valuable property purchase since forming in 2009. It will be added to the Sentinel Regional Office Trust, alongside nine other investments worth about $350 million, in New South Wales, Northern Territory and

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Sentinel Property Group pays $23.3 million for Bunnings-anchored homemaker centre near Newcastle

Sentinel Property Group is paying $23.3 million for a Bunnings-anchored homemaker centre near Newcastle. The 4.6 hectare site, containing a 17,171 square metre facility of which Bunnings occupies 77 per cent, will be put into Sentinel’s (Open Ended) Homemaker Trust. The other occupants include BCF, Dons Tiles and PETstock. Based on the annual rent the

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Sentinel Spends $15.6 Million on Mackay Bulky Goods Complex, Queensland

SENTINEL Property Group has paid $15.6 million for the Northpoint Homemaker Centre in Mackay, Queensland.

The purchase is the second bulky goods complex acquired by the group in the state after it paid $25.75 million last December for The Zone complex at Rothwell.

The Mackay investment occupies a 29,191 square metre site, and has 11,407 square metres of net lettable retail area. It is leased to ten retailers including the listed Super Retail Group and The Good Guys.

The vendor according to the AFR which reported the deal was the 360 Capital Retail Fund.

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Cadence pays $10.5m for vacant Redbank industrial investment, plans rejuvenation, re-let

Cadence Property Group has paid $10.5 million for a south west Brisbane industrial property it plans to upgrade while offering for lease. The 8.6 hectare Redbank factory at 36-48 River Road will be held by the new CPG FM02 Property Trust. It is located within an e-commerce hub, walking distance to the train station, about 25 kilometres

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Cadence spends $14m on former Spotswood animal quarantine station

EXCLUSIVE Charlie Buxton’s Cadence Property Group has purchased the 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 north. Glyn

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