Konfir Kabo banks $6 million-plus selling Gisborne service station after three hours

Three hours was what it took to seal a $6 million-plus deal for a service station in Melbourne’s north-west Gisborne. Property investor, lawyer Konfir Kabo, offered 23 Robertson Street in mid February. Quinn Reynolds’ Marcus Quinn and Lincoln Reynolds, with Appel Property’s Ben Appel as transaction manager, closed a deadline private sale campaign last Friday.

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Tranche of 18 service stations net 7-Eleven owners $78.2 million

A portfolio of 18 7-Eleven outlets offered as sale and leaseback investments traded for $78.2 million to separate buyers at an auction event on Tuesday. The deal comes two months after the vendor – controlled by 7-Eleven’s Australian franchise owners, the Withers and Barlow families – banked $77.9 million selling 15 petrol stations, also with

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Withers family offers 18 more 7-Eleven service station investments

EXCLUSIVE The Withers family – which controls Australia’s 7-Eleven franchise – is offering another tranche of service stations via a sale and leaseback arrangement. The 18 properties, in the Australian Capital Territory, New South Wales, Queensland and Victoria, will be offered separately at a live-streamed auction event starting in Sydney, then moving to Melbourne, on

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Caltex sells portfolio of 25 service stations for $136 million, or $92 million after costs

Caltex – whose management last week rejected a takeover bid from Quebec’s Alimentation Couche-Tard, saying the $A34.50 per share offer under-valued the company – has sold a portfolio of 25 Australian service stations, for $136 million. The sites were identified as having a highest-and-best use outside of selling petrol. Targeted to residential developers, the properties

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Dug Pomeroy and Nigel Hunt sell Cranbourne West service station

Nigel Hunt’s McLaren Developments, with Pomeroy Pacific, directed by Dug Pomeroy, have sold a service station in Melbourne’s outer south-east, for $4.9 million. Leased to United Petroleum, the asset, 1050 Thompsons Road, Cranbourne West, forms part of the Thompsons Gateway complex which the consortium is building, about 40 kilometres from the CBD. Spreading over 1.3

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Phil Green, Liberman, to Offload $30 Million Portfolio of Melbourne Service Stations

A SYNDICATE of businessmen including controversial former Babcock & Brown chief Phil Green, and wealthy Melbourne businessman Boris Liberman, have quietly listed for sale a $30 million portfolio of petrol stations. The ten sites, many of which are expected to eventually make way for office or apartment projects are spread throughout Melbourne and Geelong, and leased

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Tasman Logistics Services leases factory on part of proposed $2b Yarraville Gardens site

Tasman Logistics Services has rented an industrial property on land forming almost a fifth of the proposed $2 billion Yarraville Gardens “mini-city”, in Melbourne’s west. The occupier has committed to 361-367 Francis Street, Yarraville, for an initial three years, paying starting annual rent of $900,000. With an 11,300 square metre warehouse the 4.62 hectare facility is

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EG spends $19.25 million on Mascot Police Station for ethical fund

EXCLUSIVE EG has paid $19.25 million for a Rosebery commercial building which will be added to its High Income Sustainable Office Trust – an ethical investment fund. The acquisition of Mascot Police Station, it said, extends “the…philosophy that underpins the HISOT seeking to improve the energy efficiency of assets alongside commercial returns”. Its investment, 965

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