Mirvac readies to replace ex-Melbourne Convention Centre
Mirvac has launched a leasing campaign for an office on the site of the former Melbourne Convention Centre. The Civic,
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Author: Marc Pallisco
Lester Group banks $22m from office, car park
Lester Group has sold a Belmont office and nearby open-air car park for $22 million. The investor paid $19.1m for
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Anthony Scali buys Double Bay hotel
Anthony Scali – the managing director of furniture chain Nick Scali – has paid $35 million for Double Bay’s Savoy
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Nick Politis acquires another Brisbane retail investment
Sydney Roosters chairman Nick Politis has paid $29.75 million for a fully-leased Brisbane mixed-use investment. The five-storey property at the
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Harmony sells Larapinta forklift warehouse
Harmony Property Investments has sold a Larapinta office, showroom and warehouse for $9.34 million. The fund manager paid $6.88m –
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Fishermans Bend Innovation Precinct unveiled for ex-GMH site
The state government has committed an initial $179.4 million to develop the ex-General Motors Holden site as the Fishermans Bend
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De Luca offloads Bunnings Plainland
De Luca Corporation has sold a Bunnings investment in Plainland, about 60 kilometres west of Brisbane. The price achieved for
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Offshore developer snaps up Balaclava block
An Asia based developer is paying $5.35 million for neighbouring Balaclava warehouses with plans for a mixed-use project. The 1158
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Gandel, Vicinity unveil another Chadstone office
Gandel Group and Vicinity Centres have unveiled a third major office at Chadstone – The Fashion Capital. Due for completion
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Yarraville servo trades for eight figure sum
A Shell-backed service station which recently replaced a Beaurepaires in Melbourne’s inner west Yarraville has traded for $10.9 million. Elite
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Investors outlay $34m on childcare centres
Six childcare centres sold for a total of $33.992 million at a bulk auction event today. The priciest, at 322-328
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Fast food record yield set for second time in 15 months
In a case of history repeating, a KFC restaurant has sold for a price reflecting a record low yield for
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Abacus, Public Trustee of Qld offload Brisbane office
Dmann Corporation, headed by David Mann, is understood to be paying just over $50 million for a Brisbane CBD office.
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CBIC doubles money on Brisbane office
City of Brisbane Investment Corporation has sold the CBD’s historic former Gordon & Gotch building after four years and a
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Brookfield sells 50.1pc stake in two Sydney offices
Brookfield has sold a 50.1 per cent stake in neighbouring CBD offices. In the biggest deal, Marprop is paying $140.1m
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MPG acquires retail-converted-office
MPG Funds Management is paying $26 million for a modern, central Townsville office. City Point, at 101-119 Sturt Street, on
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Perron Group sells Perth mall
Perron Group has sold The Square Mirrabooka after 32 years. The $195 million deal is with Melbourne-based Fawkner Properties, which
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Consortium lists Spotswood industrial site
A major site beside the West Gate Freeway has been listed by a consortium of private investors. The 1.57 hectare
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Stones Corner office to seed diversified Harmony fund
Harmony Property Investments has purchased a Stones Corner office – its ninth Queensland asset – for a new diversified fund.
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Bridge Street Plaza trades for $10.5m
A Sydney investor has spent $10.5 million on Toowoomba’s Bridge Street Plaza. The shopping centre, on 8100 square metres at
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Alfred buys St Kilda Road block for research hub
St Kilda Road is set for its first major office building this century – with Alfred Health paying $31m for
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Historic Nicholas Building for sale
A trophy asset developed as an investment by Aspro founders, brothers Alfred and George Nicholas, is for sale as a
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Lendlease expands Flagstaff Gardens holding with $203m deal
Lendlease has made a tactical office purchase, picking up 469 La Trobe Street, opposite Flagstaff Gardens, from Swiss Re. The
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Genesis opens Emporium showroom
Hyundai-owned luxury car make, Genesis, yesterday opened a 390 square metre showroom within Vicinity Centre’s Emporium Melbourne. The Korean manufacturer
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ALE lists Cheltenham hotel
ASX-listed ALE Property Group is offering another hotel freehold – this time at Cheltenham. The Tudor Inn at 1281 Nepean
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De Luca purchases Northgate convenience retail site
De Luca Corporation has acquired a Northgate industrial site for $6.65 million with plans to rebuild it as a convenience
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Dandenong South industrial investment trades for $16.78m
A showroom and warehouse on 1.92 hectares, in Dandenong South, has sold to a private investor for $16.78 million. The
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ESR becomes Australia’s third largest industrial owner
ESR Australia today settled on a $3.8 billion purchase of 45 industrial investments – the Milestone collection – and a
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Australia Post sells Fitzroy Business Centre to Piccolo
Australia Post has sold its Fitzroy Business Centre to apartment developer Piccolo. The 1192 square metre site, 371-385 Gore Street,
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GIC, Nuveen offload Myer Melbourne controlling stake
Singapore sovereign fund GIC with Nuveen, a wholly owned subsidiary of the Teachers Insurance and Annuity Association of America, have
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