Napier Hotel sold after nearly 30 years
Guy Lawson has sold Fitzroy’s Napier Hotel after nearly 30 years. The buyer is another operator, Baxter Pickard, also behind
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Author: Marc Pallisco
Mapletree sheds Woolworths backed regional distribution centre
Mapletree Logistics Trust has sold a regional Victorian distribution centre said to be a critical piece of infrastructure for occupier
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Operators trade historic Bells Hotel
Sam Tresise has sold South Melbourne’s historic Bells Hotel after 12 years, a renovation and extension with trade zones. Another
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Pace sells strata supermarket
Pace Development Group has sold a strata-titled retail investment, part of the apartment-based Pace of Blackburn mixed use complex, east
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Social club sells surplus land to developer
The Anzano Social Club has sold surplus land behind its Melbourne base to developer, Maximise. The 2.8 hectare tract –
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Asset managers trade Perth industrial park
Corval has snapped up a 10 year old Bibra Lake industrial park. The 2.81 hectare asset, 16 Aspiration Circuit, cost
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Government backed Hobart warehouses collect $5.7m
A Mornington industrial investment backed by three state government departments sold at auction last week. The $5.705 million result for
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Melbourne super giant buys Curtin Exchange
A major super fund has quietly bought a $300 million student accommodation based mixed use investment within Curtin University’s Bentley
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Blackstone banks $75m from Sydney warehouse
Two major Eastern Creek commercial properties have traded. In the biggest deal, Blackstone has sold a warehouse acquired six years
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Geraldton QSR investment sells for $10.2m
A prominent quick service retail investment at Mahomets Flats has sold for $10.2 million – a 6.46 per cent net
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Gallaghers sell Terrigal Hotel
Patrick Gallagher has sold the Terrigal Hotel eight years after paying $28 million, his then highest outlay for an asset.
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Social infrastructure fund reweighs portfolio
Charter Hall has announced a handful of property deals for its Social Infrastructure REIT (CQE). In the biggest direct trade,
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Occupiers trade Newcastle office/warehouse
Not for profit employment and skill trainer Novaskill has sold its west Newcastle headquarters with a 12 month leaseback. The
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Church spends $97m on city office
The Catholic Archdiocese of Sydney has snapped up a B-grade office diagonally adjacent to St Mary’s Cathedral. The 15 level
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The Block eyes Mornington Peninsula site
Producers of TV show The Block are speculated to be buying six of ten new home sites, part of a
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Goldfields buys motel, sells land
Goldfields has sealed two commercial property deals at opposite ends of the country. In Perth, the group has settled on
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AFL exec lists Brisbane home
Greg Swann has listed his inner east Brisbane home after moving to Melbourne and accepting an AFL executive general manager
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Ex-Genius childcare centre leased in two weeks
One of the highest profile Genius Early Learning centres to close has been leased while under the control of administrators.
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CQU signs whole building lease, Melbourne
Central Queensland University has leased the recently vacated Bendigo Bank headquarters at Docklands. The school has committed to 120 Harbour
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C&G sells Adelaide medical centre, library
Commercial & General has sold a near new medical centre and council-backed library at West Lakes. The Ngutungka complex at
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Strata owners unite, sell Armadale investment
The owners of eight strata units in a prominent office and retail investment in the ritzy High Street, Armadale, commercial
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Court winds up Lion, refers liquidators to police
The Supreme Court this week wound up Lion Property Group and the investment funds it managed after claims of financial
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Hospitality giant lists trophy pub with long leaseback
Australian Venue Co is offering a classic set and forget investment – Sunbury’s oldest pub, the Ball Court Hotel. The
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Eureka snares another tourist park
Eureka Villages has bought another tourist park, this time at Nowra. The 2.3 hectare Coral Tree Lodge Tourist Park (pictured,
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Redcape buys Brisbane growth corridor pub
MA Financial managed Redcape Hospitality has swooped on a 10 year old pub, part of Mirvac’s Springfield Central shopping centre,
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Quintessential snaps up Fortitude Valley office
Quintessential has settled on its purchase of a Fortitude Valley office from ISPT’s Core Fund. Green Square North at 515
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Prominent Bathurst hotel fetches $25m
Husband and wife publicans Peter and Jane Harris with Gary and Kerry Narvo have quietly snapped up the prominent Panorama
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Metrics, Vitale snare major Gold Coast site
Metrics Credit Partners has teamed with Vitale Property Group to buy and develop Coomera’s biggest industrial development site. The pair
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Charter Hall fund buys, sells assets
Charter Hall has struck some deals for its Long WALE REIT (CLW), an update of which it provided to the
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Dexus sells out of Brisbane business park
Exceed Capital has snapped up two warehouses at Eight Mile Plains’ Brisbane Technology Park, or BTPnext. With the $45.8 million
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IPG buys Brisbane, Sydney car parks
International Parking Group – which develops and invests solely in hospital car parks – has spent over $100 million on
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Julliard divests west Melbourne warehouse
John Stubbe’s Tatong Holdings has another west Melbourne industrial investment to its book. The 2.97 hectare holding, 111-125 Cherry Lane,
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KS picks up 5-star Melbourne hotel
KS Hotels & Resorts has snapped up Melbourne’s Park Hyatt after a deal earlier this year to Shayher Group –
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Port Adelaide business park trades for $216m
Quintessential has sold the landmark Port Adelaide Distribution Centre after six years, saying “knowing when to exit is just as
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Former Macquarie executive sells Deception Bay marina
Former Macquarie Bank vice president Andrew Hooper-Nguyen and business partner, Chris Ellis, have sold the former Spinnaker Sound Marina, near
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Owner occupiers trade Woodridge site
The operators of UWIN Cars have bought a site up the street. The 5252 square metre holding, 120 Compton Road,
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Bob Ell, Stockland trade $620m housing estate site
Stockland is outlaying a speculated $620 million for a major housing estate site at Kings Forest, near Tweed Heads. Billionaire
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Jennmar consolidates in south west Sydney
Mining product manufacturer Jennmar will consolidate from 15 New South Wales locations to a new outer south west Sydney facility.
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Chinese car giant leases ex-GMH proving ground
GWM, also known as Great Wall Motors, has leased the 877 hectare Lang Lang proving ground until recently owned by
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AVC flips historic Victorian pub for a premium
EXCLUSIVE Australian Venue Co has reaped an impressive profit from a historic Victorian pub bought late last year then re-offered
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Forza buys another Sydney office
Forza Capital has swooped on another high yielding Sydney office. The Melbourne asset manager led by Ashley Wain is paying
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Developer buys dilapidated home for apartment tower
The lucky owners of a rundown home – the last privately held riverfront block in South Perth’s Mendes Street precinct
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AU disposes Brisbane land
Australian Unity has sold another asset from the Healthcare Property Trust. The asset manager banked $12.5 million for the Meadowbrook
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Developer drops $93.5m for Sunshine Coast farm
It is the end of an era in Maroochydore with the bulk of an infill arm held by the Wise
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Charter Hall sells historic Brisbane pub
Charter Hall has sold New Farm’s historic Brunswick Hotel, seven years after buying it from Australian Avenue Co with a
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Dexus sheds Fishermans Bend industrial estate
Dexus has sold another asset from the Wholesale Property Fund. The 1.7 hectare Aquatica Business Park (outlined, top), in Port
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Landlord sells Melbourne office to tenant
EXCLUSIVE Accord Property Group has sold a prominent suburban Melbourne office to the not-for-profit occupier for $22.6 million. The five
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Keppel moves riverfront Brisbane’s office
Keppel Capital has sold a city fringe Brisbane office on its second attempt in as many years. The John Oxley
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Lowe Living swoops on another site
Lowe Living has swooped on a the former Real Estate Institute of Victoria headquarters, in Camberwell. The developer is speculated
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AsheMorgan, Dexus trading Brisbane office
Dexus is speculated to be selling another major office, this time in Brisbane’s CBD. The AM60 complex at 42-60 Albert
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Occupiers trade major Preston amalgamation
A major Preston industrial site with three buildings over 1.8 acres has traded between occupiers. The operators of auto-recycler Fetter
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Townsville large format retail asset sold after 40 years
Unikorn Commercial Property Capital has snapped up a large format retail centre at Townsville offered for the first time since
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Asian investor snaps up waterfront restaurant
An Asian investor has snapped up a prominent former restaurant, overlooking Port Phillip Bay and the city, in the heart
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Garda sells trophy Cairns office
Garda Property Group has nearly completed the sale of a trophy North Queensland office. The deal for the Cairns Corporate
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Landmark Brighton pile sells after three years
The family of Bruce and Judith Terry have sold Brighton’s landmark unrenovated Teychel (pictured, top), nearly three years after it
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Billionaires up bids for casino, hotel
Billionaires Chris Morris and Sam Arnaout are still competing for Cairns’ Reef Casino Hotel. Today the ASX-listed Reef Casino Trust
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Stockland secures golf course for $3.5b logistics precinct
Stockland will replace a former golf course west of Sydney Airport with a $3.5 billion multi-storey logistics precinct after striking
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Asset managers trade outer Perth mall
ISPT has shed another neighbourhood shopping centre from the Retail Australia Property Trust (IRAPT). Brighton Village at Butler, 41 kilometres
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Japanese giant spends $23m for Melbourne BTR site
Osaka based Kanden Realty & Developments with Novus has snapped up a prominent corner site for a build to rent
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US timeshare giant snares tropical Queensland resort
Melbourne businessman James Neville Smith has sold the Castaways Resort & Spa at Mission Beach after eight years on and
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MEX founder sells swank Brisbane office
EXCLUSIVE Nine months since selling MEX Maintenance Software to Silversmith Capital Partners, Steven Ninnes has sold its headquarters. The executive
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Cube, Eureka swoop on Queensland tourist parks
Two Queensland tourist parks sold this month to buyers planning a repurpose. In Caloundra, Cube Developments has paid $10.775 million
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Ex-Melbourne IVF HQ sold
Henkell Brothers has sold a prominent city fringe building for years until May home to Melbourne IVF. The three level,
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BlackRock, Wentworth drop $200m for Sydney business park
BlackRock and Wentworth Capital have bought a third property for a $1.5 billion Life Sciences platform announced last year. The
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Leyton sheds Adelaide medical centre
Adelaide asset manager Leyton Properties has sold a medical centre after four years, a major renovation and a new round
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BlackRock, Cromwell trade office stake
BlackRock has snapped up the 50 per cent stake it didn’t control of a north Sydney office investment with development
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Healthscope sells ex-rehab centre
A former rehabilitation centre listed by Healthscope in May – weeks before it went into receivership – has sold. Ivanhoe
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Victorian Electoral Commission leases suburban office
The Victorian Electoral Commission will take over the lease of a prominent suburban Melbourne office/warehouse previously occupied by the Australian
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Developer buys piece of ex-Carlton & United Breweries site
SP Setia has snapped up neighbouring Carlton blocks, for years part of the ex-Carlton & United Breweries, now mostly replaced
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Dexus buys stake in Australia’s second biggest mall
Dexus has bought a quarter stake in Australia’s second biggest shopping centre, outlaying $683 million. The off-market deal affecting Westfield
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Hong Kong giant picks up business park mid-construction
A private investment arm of Hong Kong listed Link REIT is buying its first Australian property – a business park
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Sunshine Coast Woolies collects $13.8m
Interests associated with the state’s Hutchinson Builders have collected $13.75 million from a recently refurbished and relet Woolworths at Maleny,
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Gateway secures two tenants to Laverton North
Gateway Capital has secured two leases – all up covering 5700 square metres – for an industrial complex in Melbourne’s
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Developer swoops on dormant hotel
The historic but empty Kings Head Hotel, in the heart of town, has been purchased by local residential developer AA
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Ausgrid sells another substation
Ausgrid has sold a recently decommissioned substation metres from the water, at Woolloomooloo. Also next to the recently extended Art
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Prestige school lists childcare centre with leaseback
Scotch College Adelaide has listed a new childcare centre with a long leaseback. The 89-place complex, 77-79 Suttontown Road, Suttontown,
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Time & Place doubles down in Northcote
Time & Place has settled on a major Northcote industrial investment with plans for a residential redevelopment. The 1.78 hectare
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Sterling Buntine sells Queensland aggregation
Cattle baron Sterling Buntine has sold the Tulmur aggregation, in central west Queensland, three months after it was listed. Two
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James Packer backs another apartment project
James Packer, who since selling out of Crown Resorts in 2022 has been dabbling in, amongst other ventures, property development,
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Socceroos doctor sells another Woolies
Sports doctor Peter Brukner has sold another supermarket bought with a leaseback from Woolworths’ development arm, Fabcot. Following an off-market
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