ICD Property to build 35-storey tower as part of $400 million Central Market Arcade redevelopment

City of Adelaide has appointed ICD Property as partner for the $400 million Central Market Arcade redevelopment. Council held a two year long global expressions of interest campaign before appointing the Melbourne-based builder. The Adelaide CBD project will include a 35-storey tower with retail and residential components. Two office buildings, of 13 and 16 levels,

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Heidelberg block permit ready for eight storeys trades for $11.4 million

A permit-ready development site in Melbourne’s north east Heidelberg sold for $11.4 million this week. The incoming owner, a local developer, snapped up 104-120 Mount Street (pictured, bottom, highlighted) on a 30 day settlement. With plans for an eight-level complex comprising offices and 120 apartments (pictured, top), the 2376 square metre holding was offloaded by

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“Ultimate Camberwell landholding” sells for $10.05 million on a 23 day settlement

A cash buyer outbid numerous other investors to snare an enormous land holding in the South Camberwell retail village. The unique site – six adjoining retail and commercial freeholds – sold for $10.05 million against $9.5 million price hopes. The incoming owner offered a (short) 23 day settlement. Covering 398-410 Burke Road, near the north

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Scentre pays $575 million for half-share of Booragoon’s Garden City Shopping Centre – and rebrands it a Westfield

Scentre Group is paying AMP Capital Diversified Property Fund (ADPF) $575 million for a half share, and the management rights, of the Garden City Shopping Centre in Booragoon, about 14 kilometres west of the Perth CBD. The deal, negotiated by AMP Capital for the Fund – which will retain the other half – is the

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Steller receivers sell Caulfield South childcare centre site mid-construction

Steller receivers have sold a high-profile corner site in Caulfield South, permit-ready for a state-of-the-art childcare centre. The 1328 square metre holding comprising 1036 Glen Huntly Road and 1A Laura Street is trading for $4.71 million. Steller paid $4.3 million for what was two neighbouring standalone homes last year, before pushing through the redevelopment application.

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Marks Henderson outlays $92.75 million for Darlinghurst warehouse-converted-office

Marks Henderson is spending $92.75 million on a high-character warehouse-converted-office in Sydney’s inner east Darlinghurst. The deal for 19A Boundary Street with vendor Haben Property Fund is being struck on a 4.7 per cent passing yield. It values every square metre of lettable area at $14,300. A trophy asset The seven-storey complex with ground floor

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GWA signs, resets leases, for three Charter Hall warehouses on Australia’s east coast

EXCLUSIVE One hand is washing the other – metaphorically – following a unique agreement between Charter Hall and GWA Group Ltd – the producer and distributor of Caroma tap wear. Charter Hall has committed and reset leases with GWA for three office warehouse facilities, in Sydney, Melbourne and Brisbane, containing a total area of 51,982

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Grocon spending c$135 million on Nick Theodossi’s high-profile North Melbourne holdings

Luxury car dealer Nick Theodossi has found a buyer for a North Melbourne super-site opposite one of five underground train stations being constructed as part of the $11 billion Metro Tunnel project. Grocon, with the financial backing of GIC, formerly known as Government of Singapore Investment Corporation, is in due diligence for the properties –

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Centuria Property Funds Limited sells Parramatta office to SC Capital Partners for $105.3 million

EXCLUSIVE Centuria Property Funds Limited has sold a Parramatta office at 2-10 Wentworth Street to Singapore’s SC Capital Partners, banking $105.3 million. The property was the sole asset in the unlisted Centuria 2 Wentworth Street Fund, which was closed-end with a five year term. CPFL – a subsidiary of the ASX-listed Centuria Capital Group (CNI)

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Chadstone shopping centre set for $685 million expansion and renovation

Toorak businessman John Gandel and Vicinity Centres are set to expand and renovate their enormous Chadstone – the Fashion Capital retail complex, again. The $685 million proposal includes five key components. A nine-storey office estimated to be worth $130 million upon completion is one of them (artist’s impression, top). Earmarked for a site off Middle

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ASICS Oceania calls in local sports stars to open landmark Marsden Park HQ

Sportswear giant ASICS Oceania called in several high-profile sponsors to open its landmark Australian headquarters at Marsden Park, about 50 kilometres north west of the Sydney CBD. Rugby stars Cooper Cronk and Kurtley Beale, with tennis player Stam Stosur, netballer Caitlin Bassett, high-jumper Brandon Starc, and senior ASICS executives, unveiled the 5.7 hectare Richmond Road

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Bardot enters voluntary administration; ex-customers criticise over-priced new ranges

Women’s fashion brand Bardot, which is headquartered in a historic Abbotsford warehouse on the banks of Melbourne’s Yarra River, has entered voluntary administration. The clothes maker and retailer employs about 800 staff and trades from 72 Australian stores. Its competitors include local outfits Witchery, Sportsgirl and Country Road – as well as international brands, H&M

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