Melbourne quick service restaurant trades on 2.3pc yield
A prominent Red Rooster in Melbourne’s north has sold for the first time in 40 years. At 504 Pascoe Vale
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Author: Marc Pallisco
Flagship David Jones Melbourne store sold
Two major retail investment deals mooted last year have been formalised this month. In Melbourne, Woolworths Holdings Limited is collecting
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Aldi sells ex-supermarket to hardware chain
Sydney Tools has snapped up a prominent ex-Aldi store in Brisbane’s south east Capalaba. The hardware retailer is paying the
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Charter Hall scoops up $50m mall
EXCLUSIVE Charter Hall has swooped on a two and a half year old neighbourhood shopping centre paying $50.25 million –
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Not for profit accepts discount for hospital
The Skin & Cancer Foundation has sold a west Sydney essential services asset with a leaseback. The not for profit is
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Goodman seals two inner-city industrial lease deals
Goodman has secured tenants for two warehouses in Sydney’s inner south Alexandria. In the biggest deal, CH Robinson will open
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Lendlease takes hit on Brisbane site sale
Lendlease has taken a major hit selling an industrial site in Brisbane’s Trade Coast precinct after five years. The 3.46
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Lender banks c$150m for new Melbourne hotel
Ark Capital Partners and Lead Global, backed by Pioneer Wealth, have snapped up the 15 level hotel which recently replaced
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NBN Co to downsize HQ
The National Broadband Corporation will switch its headquarters within North Sydney. The government arm has committed to 9000 square metres
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Furniture retailer to move warehousing south
Focus on Furniture will relocate its local distribution centre 10 kilometres away from the city – at Cranbourne West. The
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Westbridge sheds another Melbourne asset
Westbridge Funds Management has divested another asset from its MPS Diversified Property Trust. The 1.39 hectare office/warehouse, 2-14 Independent Way,
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Snow family secures another London Circuit site
The Snow family’s Capital Property Group has secured another central Canberra site from the ACT Government’s City Renewal Authority. The
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GreenFort buys two more land lease sites
GreenFort Capital has snapped up two regional land lease development sites for projects set to carry a c$500 million end
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Receivers sell last Virtical pub
Lyon Group has picked up the last asset of failed pub investor Virtical. The c1904 Hotel Australasia in Eden cost
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Cedar Woods buys Geelong housing site
Cedar Woods is quietly purchasing a low density housing site at Corio, in Geelong’s north. The 18.6 hectare Plantation Road
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Sydney childcare centre operator leases 10th facility
Sydney based childcare centre operator Whiz Kids has committed to its 10th facility. The 113 place complex, 64 Blendon Avenue,
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Landscape gardener snares Myer family home
Jack Merlo has snapped up one of two Toorak mansions offered by Myer family members last year. The landscape gardener
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Billbergia, Metrics swoop on permit-ready CBD site
A joint venture between Billbergia Group and Metrics Credit Partners has snapped up a prime CBD mixed use development site.
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Cedar Woods sells Melbourne childcare centre site
Cedar Woods has sold a commercial piece of its Mason Quarter estate, in Melbourne’s north Wollert. The 2621 square metre
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Melton chidcare centre sells for second time in 16 months
A central Melton childcare investment has sold for the second time in 16 months. Backed by Little Stars, the 100-place
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More of Sydney’s ‘first skyscraper’ leased mid-renovation
Dexus has secured three more tenants to 33 Alfred Street – Sydney’s first skyscraper – which is being refurbished. Legal
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Fund managers trade gateway Snowy Mountains mall
FRP Capital has banked a modest capital gain from a Snowy Mountains region shopping centre held two years. The Coles
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Elanor sheds another shopping centre
Elanor Investors Group (ENN) has divested another shopping centre, this time in Queensland. Northway Plaza, on 2.4 hectares at 29
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Forza fills ex-Salvation Army HQ after five months
Forza Capital has all but filled the biggest commercial building in Mont Albert Village, five months since settling, when a
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Ex-East Melbourne Specialist Day Hospital for sale
BGH Capital has listed the prominent East Melbourne Specialist Day Hospital for sale after operator Virtus relocated services undertaken there.
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Coff picks up two townhouse sites
Coff Property, backed by the Liberman family’s Monark Property Partners, has spent $13.5 million on medium density residential development sites
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Minister calls in major Cremorne office
EXCLUSIVE Planning minister Sonya Kilkenny has given fund manager Bayley Stuart the green light to replace a Cremorne office with
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Boutique developers trade historic Kilburn
EXCLUSIVE Boutique apartment builder Abadeen Group has picked up East Melbourne’s historic Kilburn, later known as private hospitals, Mena House
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Irongate offloads ex-Toll distribution centre
Irongate Group has quietly sold a major Adelaide industrial investment held 12 years. The Enerven headquarters at 2-8 Mirage Road,
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Brix laughs to bank after Dan Murphy’s deal
Brix Property Group, which turns 10 in July, has sold a securely leased Dan Murphy’s – the first and highest
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Marwood buys Melbourne office at 16pc yield
EXCLUSIVE Abrdn has sold a St Kilda Road office for a dramatic loss on the price it paid 10 years
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Lendlease quits offshore construction after 54 years
It is the end of an era for Lendlease, which this week sold its British construction business, ceasing 54 years
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Sam Arnaout drops c$200m on large format pubs
Redcape has sold two large format, multi-revenue channelled hotels in Sydney’s west. The Cabramatta Hotel in Cabramatta West and El
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RAM sheds Hunter Valley mall
Real Asset Management has offloaded another regional shopping centre acquired in a portfolio from Sentinel in 2017. Tanilba Bay Shopping
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BP sells Geelong site to developer
BP Australia has sold a long vacant north Geelong block to a joint venture planning a mixed-use commercial project. The
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Taiwanese group secures site for battery storage system
Taipei based HD Renewable Energy has settled on an inner west Melbourne site on which it plans a major battery
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Electric car giant enters Queensland with lease deal
EXCLUSIVE Chinese electric car maker Zeekr, which launched in Australia mid-October, has leased another showroom – this time in Brisbane’s
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Amcor sells enormous Melbourne packaging plant
Amcor has sold a prominent fibre packaging plant in Melbourne’s inner west. The leaseback deal with RF Corval for 512-520
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Government backed apartment complexes collect $35m
An unusual essential services investment – 11 three level apartment buildings to house workers completing the Bendigo Hospital – has
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Council wealth fund buys major Melbourne pasta factory
EXCLUSIVE A significant antipasto goods, breadstick and pasta manufacturing plant and distribution centre in Melbourne’s north has sold to the
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Far East checks out of Perth hotel
Singapore listed Far East Orchard, part of the Far East Organisation empire, has sold the freehold going concern to the
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Theatre turned medical centre collects $9.1m
The historic Beacon Theatre in Fremantle, now a high quality, fully leased medical centre, has traded between private investors. The
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Peet drops $56m to extend housing estate site
Peet Limited, in partnership with ABN Group founder Garry Brown-Neaves, has quietly purchased a growth corridor Sunshine Coast site from
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GPT divests ex-Age HQ
The GPT Group has sold the high-profile ex-Media House, at the Docklands border with Melbourne’s CBD. The fund manager is
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Natgen secures another Gold Coast investment
National & General Group, or Natgen, has bought another fully leased Gold Coast investment. For a single asset fund set
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Mecca supersizes suburban flagship store
Mecca Brands has leased one of Albert Park Village’s most significant spaces after merging three tenancies – two of them
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Japanese office investor lines up $600m Sydney skyscraper
Tokyo listed office focused investment house, Daibiru, is seeking to buy a Sydney CBD asset, only half which was for
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Wingate, Shore buy Gold Coast mall
A shopping centre recently replacing part of the former Gold Coast Hospital has sold to Wingate Group and Shore Financial. Queen
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Strata owners unite, sell building to neighbour
EXCLUSIVE The owners of 22 suites in a Sydney strata office building have united to sell the property to a
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Redcape refills portfolio with Brisbane pubs, bottleshops
MA Financial, on behalf of Redcape Hotel Group, has bought three metropolitan Brisbane pubs. In Durack, Moorooka and Redbank, the
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Star snares Mackay hotel, shops
Star Group, Queensland’s largest independently owned and operated pub and liquor retail group, has bought adjoining Mackay investments. The Rydges
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Toorak mansion sells after nine months, $10m-plus discount
Neota chairman John Lord and his wife, former fashion executive, Sue, have sold their contemporary Toorak home after nine months.
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Growth corridor site trades between developers
All Aged Care has sold a low density housing estate site surrounded by near-new communities, at Logan Reserve. The not
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3M HQ trades on high yield
Quality Green Group has bought its maiden Sydney asset – a piece of North Ryde’s Riverside Corporate Park. With a
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Arise, Barings seal record LFR deal
Barings Real Estate Australia has paid $74 million for Joondalup Square – a record this year for a large format
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Campus converted asset delivers windfall for fund manager
KM Property Funds has sold a major mixed-use inner north west Adelaide investment with development upside for a single asset
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NRL buys two more east coast investments
The NRL has snapped up two more hotels as part of a plan to diversify income streams. In New South
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Melbourne Racing Club, school seal $195m land deal
The Melbourne Racing Club has quietly struck an agreement to sell a seven hectare parcel, part of the Caulfield Racecourse,
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Charter Hall, QIC ink $7.1b in green loans
Two heavyweight investment houses this week converted bank loans to Sustainability Linked Loans (SSLs) to the tune of $7.1 billion.
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Perth office fetches $75m from Indonesian investment manager
RF Corval has sold a Perth CBD office after nearly six years. Worth $75 million, the fund manager and developer
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Dexus divests Melbourne container handling hub
EXCLUSIVE Dexus is selling a landmark west Melbourne container handling facility bought after the city’s COVID lockdowns. The seven hectare
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Dustin Martin sells terrace after auction
Footballer Dustin Martin sold an Albert Park investment after auction on Saturday. The three bedroom terrace, 43 Kerferd Road, is
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Fund manager flips ex-Michael Hill HQ
Alceon is reaping an impressive capital gain divesting an east Brisbane office held two and a half years. The two
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Denis Napthine accepts early offer for Melbourne bolthole
Former state premier Denis Napthine and his wife, Peggy, have sold their Melbourne bolthole before auction. The three level terrace
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Woolworths buys, sells anchored malls
Woolworths has bought and sold shopping centres it anchors east and west of the country. In a significant deal, the
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ISPT secures balance of Mornington mall
ISPT has bought the half stake it didn’t control of a Mornington shopping centre. For the ISPT Retail Australia Property
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Union digs deep for city fringe office
EXCLUSIVE The Australian Education Union of Victoria has snapped up a prominent city fringe office to occupy. The South Melbourne
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Banjo Bond fills chunk of homemaker centre
Cosgrove Group has filled a major vacancy at a north east Perth homemaker centre (pictured, top) bought last April. 4WD
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James Packer, Time & Place buy historic warehouse to repurpose
A historic Surry Hills warehouse once occupied by David Jones has sold to James Packer and Time & Place, which
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Brookfield snaps up boutique hotel
Brookfield has quietly snapped up a three year old boutique hotel in Brisbane’s Fortitude Valley. The Canada based asset manager
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Bus making plant turned distribution centre fetches $22m
Centennial has turned an impressive profit selling the ex-Custom Coaches manufacturing plant and repair centre after three years, a repurpose
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Another fast food chain chooses inner east for HQ
Guzman y Gomez is the latest fast food chain to choose Melbourne’s inner east for a base. The Mexican restaurant has
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Red Cross commits to ex-Victoria Police HQ
The Australian Red Cross has signed a major office lease deal in Melbourne’s inner west, where it is familiar. The
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Taverners banks $36m from Melbourne childcare centres
Taverners Group, the investment office of ex-Patrick Corporation co-owner, Peter Scanlon, is banking $35.5 million from the sale of three
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Local brothers snare Luna Park Sydney
Brookfield has sold Luna Park Sydney to Oscars Group, led by local brothers, Bill and Mario Gravanis, which is planning
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Sydney pub baron buying another Melbourne site: sources
Billionaire pub baron Justin Hemmes is speculated to be buying another east end Melbourne CBD property with longer term plans
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Apartment developer doubles down in Coburg
Another piece of Coburg’s former Pentridge Prison – now a master-planned, residential-based mixed use village taking shape in stages –
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Former Lendlease executives snare Melbourne warehouse for apartments
A boutique apartment builder led by former Lendlease development director, Tim Campbell, and development manager, Stuart Kacir, has snapped up
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Tasmania’s first billionaire snatches another Melbourne site
A company owned by Elpinston Group, co-directed by Dale Elphinston, who in 2019 became Tasmania’s first billionaire, has leased a
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Dexus sheds two more offices
Dexus has sold two more east coast offices for a total $443.2 million. In the biggest deal – just –
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