Nationwide Towing & Transport founders sell four industrial investments with a leaseback

The founders of Nationwide Towing & Transport have sold four industrial investments with a leaseback for a speculated total price of more than $14 million. The same vendors separately offloaded Collingwood’s Melbourne Impound Yard to RACV – which in 2017 acquired a 51 per cent stake of the tow business now under the Nationwide Group

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Con Makris to bank $200m from City Cross, North Adelaide Village

South Australia’s wealthiest person, Con Makris, is selling two Adelaide shopping centres. Via Makris Group, the Greek Australian property developer and investor is expecting about $200 million from the deals. The listings comes five months after the businessman offloaded another retail investment, Newton Village, 11 kilometres north east of the city, for c$35m to Parramatta-based

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FJT leases distribution centre from Melbourne Airport Corporation

FJT Logistics has leased a Melbourne Airport distribution centre just vacated by Japanese rival, Nippon Express, which has expanded. The 4,532 square metre property, Warehouse B, Reid Way, is within Melbourne Airport Business Park and owned by Melbourne Airport Corporation. Knight Frank’s Marco Sandrin and Brent Glassford brokered the deal. FJT will relocate from Keilor

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Dexus Australia Logistics Trust spends $269.4m on six assets

Dexus will sell Lake Business Park South, near Sydney Airport, and five premium quality industrial assets in Melbourne’s Truganina, to Dexus Australia Logistics Trust – in which it controls 51 per cent. The $269.4 million deal reflects a 5.3pc passing yield. The portfolio of newly constructed properties is 91pc occupied with a weighted average lease

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Renewal SA seeks partner for Entrepreneur and Innovation Centre at Lot Fourteen

Renewal SA is seeking a development and investment partner to replace part of the seven hectare former Royal Adelaide Hospital with a c22-storey, 35,000 square metre mixed-use commercial building to be known as the Entrepreneur and Innovation Centre (EIC). The tower is anticipated to be the flagship of the innovation precinct known as Lot Fourteen

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Stockland to buy old, build new Johnson and Johnson Medical HQ

Stockland has agreed to buy Johnson and Johnson Medical’s Macquarie Park headquarters and construct the vendor a replacement in the area. The put and call acquisition of 1-5 Khartoum Road aligns with the institution’s broader strategy “to up-weight” its workplace and logistics portfolio, Stockland chief executive officer, commercial property, Louise Mason said. It also builds

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Metcash makes $57m bid for 70pc stake in Total Tools; plans to buy balance within four years

Metcash is expanding its hardware sector presence with a $57 million bid for a 70 per cent stake in middleweight national chain Total Tools. The agreement, which the Australian Competition and Consumer Commission has been reviewing since June 30, allows for the purchaser to buy the balance of the business within four years. If approved,

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