West Melbourne servos trade for $18m
Two modern service stations in Melbourne’s west sold this week. The highest profile vendor was OTR founder the Shahin family
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Author: Marc Pallisco
Repurpose of ex-Balmain Leagues Club closer
A residential-based mixed-use redevelopment of the former Balmain Leagues Club is a step closer – the $800 million project today
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Goodman snares major Melbourne industrial estate
Postscript: this deal didn’t proceed and the property went on to sell to Yale. Read our story here. Goodman may
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Vicland lists lux Toorak office
Bill McNee’s Vicland has listed one of suburban Melbourne’s most successful new office developments – at Toorak. St Germain at
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ISPT buys another Townsville shopping centre
Clarence Property Group has made a significant capital gain selling Townsville’s North Shore Marketplace after four years. The 2.9 hectare
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NZ fund manager sells major Adelaide industrial investment
Silverfin Capital has sold a major Port Adelaide industrial investment after nearly four years. The New Zealand based asset manager
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United Greek-Australian charity sells major Sydney site to developer
Castle Group has bought a major Sydney housing estate block from Hellenic Village – which represents 21 Greek community associations.
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CSR Limited sheds another site
CSR Limited has shed another asset, this time in Brisbane’s Albion. The 2432 square metre Industrial 1 zoned block with
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Government shelves South Brisbane broadcast centre plan
The state government has abandoned plans to replace South Brisbane’s outgoing Visy Glass factory as the 2032 Olympics International Broadcast
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Conquest buys Eastlakes Shopping Centre with development plan
Michael Akkawi’s Conquest has swooped on another permit ready residential-based mixed-use development site. Eastlakes Shopping Centre, six kilometres south of
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Puma sells Melbourne HQ
Puma has sold its middle-suburban headquarters of 45 years ahead of a move to the city fringe. The sports product
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Goodman buys Gibson Island
Dyno Nobel, known until December as Incitec Pivot, has sold Gibson Island to Goodman Group. The 58 hectare Murarrie parcel
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Site of Australia’s first La Porchetta for sale
EXCLUSIVE The collection of Rathdowne Village buildings until last February accommodating Australia’s first La Porchetta, has been listed for sale.
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US billionaire buys major Melbourne shed
Centuria, for a mandate backed by Starwood Capital, co-found by US billionaire and global real estate investor, Barry Sternlicht, has
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Aged care approved for another golf course site
The owner of the 88 year old Cumberland Country Golf Club at Greystanes, with investment house and developer, Pariter, has
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Developers buys farm for ‘rural homes’ estate
WT Malouf and Rebus Property have snapped up an 11 hectare piece of Southern Tablelands farm, Cleanskin, with plans for
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Argus, Kaipara divest another ex-Masters
Argus Property Partners and Kaipara Property Group have turned another major profit selling a Masters-converted-large format retail centre after a
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Strata owners unite to sell Potts Point hotel
An Art Deco hotel in Sydney’s inner east will be converted to a build to rent investment after the 73
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Woolies approved to replace ex-reception centre
Woolworths’ development arm Fabcot has been permitted to replace a recently razed Melbourne function centre with a two storey mall
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Liberman family snap up Melbourne housing estate site
Monark Property Partners, backed by the Liberman family, and Resolution Property Group, have snapped up neighbouring blocks north of Melbourne
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Melbourne Uni lists historic Cumnock mansion
The University of Melbourne is selling Parkville’s historic Cumnock after seven years. On 1376 square metres at 160-162 The Avenue,
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Peter Terry Group sells major Bathurst car dealership
The Peter Terry Group has offloaded a major Bathurst car dealership. On 1.47 hectares with a 3120 square metre showroom
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EG sheds National Archives Office after green refurbishment
EG Funds has sold the Crown leasehold interest of the National Archives Office, developed in 1926 as the Secretariat Building
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Arena lists childcare centre leased to 2055
Arena REIT has listed one of the most secure investments on its books – a Melbourne childcare centre with an
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Coles banks $75m from Adelaide mall
Coles has sold Adelaide’s Kurralta Village shopping centre to the Taplin Group. An extension is now planned for the Anzac
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Historic State Theatre fetches $13.6m
North Hobart’s c1913 State Theatre and the neighbouring ex-Soundy’s department store, c1883 – amalgamated and now a major cinema and
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Permit-ready Surry Hills office fetches $16.5m
A triple storey Surry Hills office permit-ready for a seven level residential complex has sold off-market. The incoming owner, a
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Ennismore chooses Melbourne for maiden Australian Hyde hotel
London-based Ennismore has leased a near new Melbourne CBD hotel for its maiden Australian Hyde. The group has chosen 124-134
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Ex-AFL star lists lux Melbourne home
Retired AFL player Alan Didak has listed a three year old limestone townhouse in Melbourne’s inner east. The four level,
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Eureka snaps up another Queensland caravan park
Eureka Group Holdings has bought its third major caravan park this year – this time on the Fraser Coast. The
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Warehouse converted shop, gym fetches $13m
A prominent two level warehouse converted retail investment in Sydney’s inner south west has sold for a speculated $13 million.
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Council buys another investment
EXCLUSIVE Barwon Investment Partners has sold a South Coast NSW medical centre after seven years. The asset manager is banking
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Centennial quietly flips Brisbane warehouse with permit
EXCLUSIVE Centennial has quietly sold one of two Brisbane industrial properties acquired four years ago from Pipeclay Lawson. The asset
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Perth warehouse trades on 5.7pc yield
A Welshpool warehouse leased for four more years to vehicle fit out service provider PTE has sold. The $7.5 million
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Veris relocates HQ within Melbourne
Veris has moved headquarters – effectively quitting the CBD for a distinctive office three kilometres east, at Burnley. The ASX-listed
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Dexus commits pre-fab manufacturer to enormous Sydney shed
Dexus has found one tenant to occupy an enormous Kings Park facility being marketed in pieces. Pre-fabricated product manufacturer Parratech
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Alfasi seeks commitments for major city fringe office
Three years since securing a piece of one of Cremorne’s highest profile and historic buildings – the c1909 Byant &
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Vinta sells Coolangatta’s The Strand
Sydney based developer Vinta has sold Coolangatta lifestyle centre The Strand 10 months after it hit the market. The 30,000
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Billionaire publican drops $450m for Sydney mall
Sam Arnaout has diversified from the hospitality sector with a significant Sydney retail investment. St Ives Shopping Village and 12
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AFIAA takes another hit on Melbourne office sale
AFIAA has sold a prominent CBD office for a loss on its 2012 outlay. The Swiss fund manager is banking
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AVC leases high profile new Docklands pub
Australian Venue Co has leased a high-profile hospitality component of Lendlease’s Melbourne Quarter, at the Docklands border with the CBD. Pub,
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Futuro locks TK Maxx to Bourke Street Mall
TK Maxx will establish its flagship store at Futuro Capital’s 235 Bourke Street – a space including what was once
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Chris Morris, Sam Arnaout battle for Cairns casino, hotel
Computershare co-founder Chris Morris has entered the race for the Reef Hotel Casino in Cairns. The businessman has lobbed a
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Crystal Palace Hotel sold after 45 years
The Feros family has swooped on the freehold going concern of Haymarket’s Crystal Palace Hotel, offered by operator Jimmy Galanakis
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SA government sells major industrial site
The state government’s urban renewal authority has sold a major Port Adelaide industrial site after a year. Renewal SA is
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Frasers finds buyer for Melbourne CBD office
Frasers Property Australia has found a buyer for a CBD office held a decade. Local private investor Harry Stamoulis is
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James Packer takes hit on LA mansion sale
James Packer has sold a Beverly Hills mansion – five weeks since buying a replacement twice the price, at Bel
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Fitzroy church leased, set for repurpose
The historic St Marks Church of England Hall in tree-lined George Street, Fitzroy, is set to be repurposed. Operators of
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Racing club leases office near track
The Moonee Valley Racing Club is amongst a swag of tenants to recently commit to the ex-Australian Taxation Office near
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ESR, Up secure major industrial tenants
JOST Australia – a subsidiary of Germany’s JOST-Werke – will relocate its local headquarters within Melbourne’s west. The supplier of
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Dexus opportunity fund backs over-55s resort apartments
A Dexus opportunity fund which co-invests, co-develops and has a credit arm targeting projects traditional sources could be reluctant –
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Life science developer settles on Alexandria amalgamation
Life science real estate developer and investor Kurraba has settled on the 5351 square metre Alexandria amalgamation it intends to
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Real estate agency founder sells Geelong shopping centre
EXCLUSIVE A consortium including a co-founder of commercial real estate agency Burgess Rawson has sold a neighbourhood Geelong shopping centre.
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Coles moves forward with leafy east Melbourne store, apartments
Coles Group is moving ahead with a mixed-use complex it will anchor the supermarket component of, in Melbourne’s exclusive east
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Sunrise co-host records major windfall from apartment sale
Sunrise co-host Edwina Bartholomew and her husband, journalist turned hotelier Neil Varcoe, have sold their recently refreshed apartment in Woollahra’s
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Mulpha banks $85.5m for Gold Coast mall
Mulpha International Bhd has sold the Capri on Via Roma convenience and lifestyle entertainment complex after three years. The Malaysia-backed
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Melbourne businessman trebles outlay selling prominent resort
Moose Toys chief executive officer Paul Solomon is recording a major windfall selling Miami’s Nalu resort after eight years and
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Cadence banks $12.8m from Melbourne site
Charlie Buxton’s Cadence Property Group has quietly sold an industrial development site in an outer south east Melbourne growth corridor.
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Timeless buys neighbouring Brisbane industrial sites
Timeless Property has swooped on two serviced, benched and retained sites at Goodman Group’s Redbank Motorway Estate. All up covering
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BHP razing ‘world’s toughest pub’ for park
BHP is razing the outback hotel once described as the world’s toughest pub, for a park. The mining giant paid
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SAP secures another NSW retirement village
Brisbane based SAP Capital, headed by Sid Gupta and behind the Easy Living Villas brand, has quietly bought another retirement
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Part vacant service centre fetches $9.7m
The Oasis Service Centre in Brisbane’s Slacks Creek has sold for the second time in two years. On 6004 square metres,
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US apartment developers quietly trade prominent Fitzroy site
Two US based developers and investment houses have quietly traded Fitzroy’s outgoing Streamline Press plant. Pembroke Group will now replace
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Elanor, Heitman shedding major Melbourne mall
Charter Hall is making another play for a major Victorian shopping centre, this time in south east Melbourne’s Mulgrave. The
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Investor buys office for NT’s first voco hotel
Prominent Territory developer John Halikos has purchased Darwin’s rundown Health House and pre-committed IHG Hotels & Resorts to operate it
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Godfreys buys HQ from landlord
Godfreys Commercial – acquired last year with Godfreys by Future Innovation Holdings – has purchased its west Melbourne headquarters from
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G’day Group sublets waterfront holiday park
G’day Group has sub-let the Bargara Beachfront Holiday Park (pictured, top) near Bundaberg. The Adelaide-based ASX listed group won a
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Adelaide Hills Dan Murphy’s trades on 5.1pc yield
Endeavour Group has sold an eight year old Dan Murphy’s at Mount Barker, the largest town in the Adelaide Hills.
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Clarence sells Brisbane growth corridor Woolies
EXCLUSIVE Clarence Property has sold the second of two south east Queensland shopping centres acquired from Canute Investments six years
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Northwest lists medical centres opposite Box Hill Hospital
Northwest Healthcare Properties Australia controlled REIT, the Vital Healthcare Property Trust, is selling two essential services investments opposite Box Hill
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Gina Rinehart’s Hancock Prospecting proposes $250m business hub, apartments
Hancock Prospecting, owned by Australia’s richest person, Gina Rinehart, is seeking to build a $250 million office and serviced apartment
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Hong Kong’s richest person banks $33m from Victorian farms
Hong Kong’s richest person, Li Ka-shing, is banking just over $33 million from a major Goulburn Valley aggregation growing, amongst
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Last two blocks sold in Melbourne industrial estate
The last two blocks at Plus Property’s Axiom Estate in Melbourne’s west are selling. A combined $22.7m is being achieved
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Family sells farm surrounded by housing estates
An offshore developer has swooped on a high-profile rural property surrounded by housing estates at Hammond Park – now a
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Mick Fanning sells Gold Coast house ahead of auction
Championship surfer Mick Fanning and his partner, Breanna Randall, have sold their former waterfront Bilinga family home ahead of an April
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Sentinel snares Brisbane office for new fund
Sentinel Property Group has swooped on a Fortitude Valley investment for a new fund targeting offices in Brisbane Olympic Games
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Gurner, HR Legal choose lux new South Yarra office for HQ
Alfasi Group has secured four tenants to a South Yarra office completed in December on a site for years owner-occupied
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Region doubles outlay with Sydney mall sale
Region Group has doubled its outlay selling a Woolworths-anchored west Sydney mall after 11 years. Greystanes Shopping Centre has collected
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Mirvac sells shops within Nine HQ redevelopment
Mirvac has sold two prominent shops within its $800 million residential-based redevelopment of the ex-Nine studio, at Willoughby. One investor
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Prominent Townsville car yard sells on third attempt
A prominent car yard a kilometre from the Townsville town centre has sold on its third attempt since 2022. Covering
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