Asset managers trade modern suburban office
EXCLUSIVE Trilogy Funds has taken a hit selling a modern suburban Brisbane office held eight years. The three level A-grade building
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Author: Marc Pallisco
Family sells business’ Northcote HQ to industrial developer
A relatively large inner-city industrial property, held since 1988 by the Rutledge family for its Rutledge Engineering business, has sold
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Tenant pays landlord $7.3m for HQ
A sprawling two level office at 931 Kingsford Smith Drive, Eagle Farm, has traded for $7.225 million. Tangalooma Island Resort
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Green light for $2b data centre, AI factory
NextDC has won permission to replace Port Melbourne’s Westgate Park print plant – which for decades until recently produced the
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Barristers’ Chambers sells CBD office
Barristers’ Chambers Limited has sold Douglas Menzies Chambers ahead of a move to 200 Queen Street. The Victorian Bar subsidiary
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New England Pub Company snares outback hotel
Ben Ryan and Mark Neilson’s New England Pub Company has snapped up The Empire Hotel at Cobar, between Dubbo and
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QSR investment collects $11.8m
Jasbe has sold a recently constructed quick service retail investment with two small warehouses, in Melbourne’s south east. The group
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Hobart council buys office
Clarence City Council is paying $23.5 million for a Rosny Park office leased to the state government. The deal for
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Syndicates swoop on WA medical centre, QSR investment
Barwon Property Funds has sold the Vasse Medical Centre, near Busselton (pictured, top). Local syndicate Optimus Private Equity is the
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The Hour Glass sells Brisbane building
Luxury retail giant The Hour Glass has sold one of its Brisbane CBD properties. The two level, 500 square metre
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Developers move on two sites created by level crossing removal
Two thin rectangle sites recently created from level crossing removals in Melbourne’s south east are set to be developed. In
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Monteleone family sell another piece of Donnybrook
The Monteleone family – founder of Donnybrook Farmhouse Cheesery – is realising an impressive capital gain shedding a block bought
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Near new Gold Coast warehouses fetch $49m
A three year old industrial investment with two warehouses, halfway between Surfers Paradise and Brisbane’s CBD but classified Gold Coast,
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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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Albert Dadon sells another piece of Art on the Park
Ubertas Group, owned by businessman and professional musician Albert Dadon, also the ex son-in-law of the late Marc and Eva
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Blackstone finally moves One Barangaroo penthouse
Blackstone is understood to be selling the One Barangaroo Crown Residences penthouse inherited with its $8.9 billion buy-out of Crown
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Designer picks up Melbourne bank turned showroom
Richard Munao, director of boutique furniture and light designer, Cult, has snapped up a prime Melbourne city fringe investment. The
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CBRE eats up Burgess Rawson
CBRE is buying smaller Melbourne-based, national commercial real estate agency rival Burgess Rawson. The deal, speculated late last year to
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Dean Montgomery offers historic homestead after major renovation
Developer and property investor Dean Montgomery has listed the historic St Albans Stud after 15 years and a major renovation.
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Door giant to consolidate in Melbourne
Dormakaba Australia will consolidate three business units – Ezi Roll Doors Australia, Danmar Garage Doors and Gilderol Garage Doors –
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Historic Flour Mill Hotel sold
A local operator has bought Wagga Wagga’s c1890 Flour Mill Hotel with plans for a major revamp. The sale of
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First Australian Hyatt House taking bookings
Thirteen years after Chicago based Hyatt Hotels Corporation launched the Hyatt House brand – it is set to open in
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NZ syndicator flips Port Adelaide warehouse
Auckland based asset manager Silverfin Capital has sold an industrial investment purchased from Quintessential four and a half years ago.
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Downie family sell outback pub
The Downie family has sold the freehold to Hughenden’s Royal Hotel. The 6222 square metre holding, 19-23A Moran Stret, was
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Childcare centre portfolio fetches $38.5m
A Middle East investor purchased the priciest childcare centre in a portfolio sold from February to mid-March. The 120-place complex
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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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Local developer secures another Barwon River site
Local developer Cam Hamilton has picked up another historic factory on the banks of the Barwon River in Newtown. The
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Centennial snares Adelaide office for discount
Centennial has snapped up an Adelaide CBD office from the Raptis family. The $50.5 million deal for 63 Pirie Street
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Goodyear assigns Adelaide warehouse lease
Goodyear Tire & Rubber Co has found a tenant to take over the lease of a logistics facility in Adelaide’s
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Footballer turned developer drops $250m for kale farm
Footballer turned developer Fraser Brown has snapped up a major farm quickly being encroached upon by housing estates, in Melbourne’s
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Fraser Brown lists swank new office
Former Carlton footballer Fraser Brown, now the second generation leader of family business, Brown Property Group, has listed for sale
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Metrics secures another apartment site
Metrics Credit Partners has bought another high density residential site, this time partnering with Odus. The pair are paying Melbourne
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Interstate asset managers trade Victorian homemaker centre
Acure Asset Management has sold a regional Victorian large format retail investment after seven and a half years. Shepparton Home
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US promoting giant secures site for arena
Live Nation has purchased a tired cold storage facility to repurpose as an arena. The Northbridge Music Hall, as it
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ASX-listed giant buys tourist park for growing sector
The country’s largest provider of affordable seniors housing is continuing to push into the all-age rental community sector, with a
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ZACD quits strata hotel in the black
Hong Kong listed, Singapore based investment manager, ZACD, has sold a strata titled West Perth hotel after eight years. The
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Boom year for Australian childcare centre sales
The number of childcare centre sales is up – with deals worth $205 million clocked this year. The rise in
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Packaging giant to consolidate at Regency Park
Detmold Group will consolidate 240 staff from eight Adelaide locations to an uber-green headquarters set to be constructed from this
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Jack Merlo sells unrenovated Toorak pile
Jack Merlo has sold another Toorak pile, this one unexpectedly. The $14.9 million result for 11 Robertson Street is a
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Not for profit sells outgoing aged care home
Brisbane Water Legacy, more recently known as Central Coast NSW Legacy, has sold a c1964 retirement village at Gosford. The
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Lutheran Homes buy first assets outside SA
The Lutheran Church of Australia’s Victorian division has sold two retirement living community and aged care homes to Adelaide based
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RF Corval buys Cordina poultry investments with leasebacks
RF Corval has bought two New South Wales industrial investments from Cordina Group with leasebacks. At Girraween, the asset manager
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AirTrunk founder buys luxury apartment site
AirTrunk founder Robin Khuda, who last year banked $670 million following the $24 billion sale of the data centre business
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Ponzi scheme feared as auditor appointed for Melbourne asset manager
A Supreme Court ordered forensic auditor will investigate a Melbourne based asset manager spruiking a return on luxury apartment developments,
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Childcare to replace Glenroy’s historic Glenlyn
A childcare centre operator has leased a c1888 historic Glenroy home, part of James Chapman’s Forest Hills Estate. Mindchamps will
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Mosman’s Sheridan building sells
Investors have traded a historic, two storey fully leased Mosman asset. The $11.5 million result for 623-625 Military Road, at
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Developers swap high profile north Brisbane ex-church
A Brisbane site until COVID owned by New Covenant Pentecostal Church has traded between local developers – but seeking different
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Waugh, Raffens trade back NSW hotel
Following an unusual but not unheard of deal, a consortium led by Ashton Waugh has sold a regional New South
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AsheMorgan lines up Brisbane, Perth shopping centres
AsheMorgan is understood to be in advanced negotiations for two major shopping centres each side of the country. In the
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Oscars Group buys three Adelaide hotels
Oscars Group, led by brother Bill and Mario Grasvanis, has made an impressive entrance to South Australia – snaring three
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Country council readies to sell eight sites
The City of Greater Bendigo is readying to sell eight sites deemed surplus to needs. The portfolio includes former tennis
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Developer swoops on Melton farm
An established developer has snapped up a low density housing estate site at Deanside, one of 11 suburbs created by
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Liberman family, TW Projects buy regional housing estate site
TW Projects backed by Monark Property Partners has snapped up a major housing estate site not far outside Melbourne’s urban
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Interstate syndicate buys Tassie truck dealership, workshop
An interstate syndicate has snapped up a north Hobart truck dealership and service centre. The Tas Hino yard at 1/94
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Investor swoops on Seddon’s “best retail asset”
A particularly securely leased strip retail investment in Melbourne’s inner-west has sold for $6.25 million. The deal for the Happy
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Glenn Piper boosts pub portfolio
Glenn Piper has added another regional New South Wales pub to his book. The Bermagui Beach Hotel and neighbouring Beachview
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Investors drop $35m on childcare centres
Investors have spent close to $35 million on childcare centre investments in recent weeks. In the biggest deal, a 110
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Mackay assets fetch $51.5m
Two major Mackay properties – one residential, the other industrial – traded for a total $51.5 million this month. In
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Byron Bay’s Beach Hotel changes hands again
MA Financial has quietly sold Byron Bay’s Beach Hotel to a minority shareholder of the entity which has owned it
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Centuria sheds two NSW malls
Centuria has sold two more assets held by small funds. Primewest Belmont Citi Centre, south of Newcastle, will exchange for
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Woolworths formalises Eastern Creek pre-commitment
In the second major industrial pre-commitment this week, Woolworths has signed up for a 93,000 square metre fulfilment centre, in
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Asset manager flips Brisbane warehouse for premium
A Sydney based asset manager has sold a vacant Brisbane industrial asset after nearly two years. Precept Property Partners will
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Ex-Macquarie boss buys Surfers Paradise retail, entertainment complex
Boston Global Group, established by ex-Macquarie chief Bill Moss and co-run with daughter Natalie Cooney, has teamed with The Property
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Adelaide manufacturing plant trades for c$30m
A north Adelaide manufacturing plant leased to Bianco Walling, owner of Bianco Precast, has found favour with a private investor.
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Ex-Hughes Gallery, now BMG HQ, sold after 33 years
EXCLUSIVE The family of late art dealer Ray Hughes has sold a c1914 warehouse turned office investment in Sydney’s Surry
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Investor swoops on land rich manufacturing plant
An investor forked out $25,088,000 for a major Melbourne industrial asset. The result for the recently updated, already modern manufacturing
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Centuria banks $56m from south east Queensland warehouses
Centuria has sold three south east Queesland industrial investments on behalf of single asset funds. The deals for 76 Quinns
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Amart founder sells showroom turned AEC office
EXCLUSIVE Amart founder, billionaire, John Van Lieshout, has sold an outer northern Brisbane showroom turned temporary office, leased until December to
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Victorian car yard portfolio fetches $34.5m
A Plantation Capital managed fund has snapped up the third and last property in a portfolio of neighbouring regional Victorian
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Council, Visy trade ex-Norske Skog paper plant
Visy has flipped the landmark ex-Norske Skog Ettamogah paper mill after deciding against occupying, it was speculated, to produce laminated
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Bill McNee lists swank $30m Melbourne home
Property developer and investor Bill McNee is quietly upgrading from his $30 million South Yarra mansion. The executive is believed
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Kmart commits to 100,000 sqm distribution centre
Kmart Group has pre-committed to a 100,000 square metre omnichannel fulfilment centre in Sydney’s west. ESR will deliver the c$500
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Sydney police station sells for $17m
A local investor has splashed out $16.75 million for a four level police station in Sydney’s west. The result for
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Reading sells major retail, entertainment complex
Reading Group has sold the Cannon Park Entertainment Precinct at Thuringowa Central, in Townsville’s south west. The cinema, ten pin
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Glen Waverley warehouse trades on 1.86pc yield
Adjoining Glen Waverley warehouses – two of 40 freehold properties in the middle-ring suburb’s industrial precinct – offered as one,
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Andrew and Nicola Forrest permitted to replace Perth mall
The Fiveight investment vehicle co-owned by Andrew and Nicola Forrest has won approval to replace the site of Perth’s ex-Carillon
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Kool Beanz partners with AFL club for maiden Victorian childcare centre
Kool Beanz and Western Bulldogs will trade from a childcare centre at Footscray Hospital, due to open late this year.
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Control of AV Jennings to change again
Legal & General has bought a 75 per cent interest in real estate investor Proprium, which in Australia controls Avid,
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Ex-AFL chief lists renovated Melbourne mansion
Former AFL chief executive officer Andrew Demetriou and his wife, Symone Richards, have listed their 1930s Marcus Martin designed home.
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Australian Unity sells $238m fund
Australian Unity has sold the Property Income Fund to Newmark Capital, led by ex-AFL player, Chris Langford. The deal will
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