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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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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China backed developer pays $26 million for Brisbane’s former Bradken foundry

Four months after ceasing operations on the site, global engineering business Bradken has sold a Runcorn foundry, in south Brisbane, for $26 million. The incoming owner, a Chinese backed local developer, is intending to replace the 16.2 hectare brownfield block with a master planned mixed use project following a rezoning. Bradken listed the site last

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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 ASX-listed giant Stockland $41 million for 52-54 McFarlane Street. The parcel is next door to a Stockland owned shopping centre and a block from Merrylands train station. Stockland had previously won permission to replace the

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Pask Group paying c$22 million for RANZCOG’s East Melbourne HQ

EXCLUSIVE The Royal Australian and New Zealand College of Obstetricians and Gynaecologists (RANZCOG) is selling its East Melbourne headquarters to Queensland developer Pask Group. College House, at 254-260 Albert Street, is trading for about $22 million. Opposite Fitzroy Gardens, the RANZCOG site includes a double-storey residence-converted-office, constructed in 1873 – which can’t be razed. However,

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Developer Cheung Chung-kiu buys Knightsbridge home for c$A398 million – a Britain record

Billionaire western Chinese property developer Cheung Chung-kiu, better known as CK, is paying a speculated £210 million ($A398 million) for a 45 bedroom home (pictured, top) in London’s exclusive Knightsbridge. The deal for 2-8A Rutland Gate is the priciest for a Britain residence. It is undecided whether the purchaser, the founder and chairman of Hong

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Mount Falcon cattle station sells for more than $13.2 million

A family already with Upper Murray interests has paid over $13.2 million for Tooma Valley’s Mount Falcon cattle station. The 2887 hectare Holbrook holding near Kosciusko National Park and Snowy Mountains was offloaded by China’s Union Agriculture which paid about $6 million in late 2011. The vendor during that campaign, OzEmail founder, Sean Howard, acquired

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Texas owner to close 19 Australian EB Games stores this month

The Dallas-based owner of video entertainment chain EB Games intends to close 19 of its 300-plus Australian stores by the end of the month. GameStop – the world’s biggest video game retailer – sent suppliers emails overnight confirming the news. Gaming website kotaku.com.au broke the story this morning, with this item. News of which stores

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