Farm bought for $167,000 sold to developer for $70m
A syndicate has bought an enormous Melbourne farm with plans for a data centre. The 21 hectare site, 185 Brookville
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Author: Marc Pallisco
HMC sells Sydney Bunnings after five years
HMC Capital is selling a Bunnings investment acquired five years ago from the Canberra Raiders. The asset manager will finish
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Mirvac sells site of flooded shopping centre
Mirvac has sold the site of the Toombul Shopping Centre, damaged in the 2022 floods and never reopened. The asset
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Cadence, CapitaLand trade $102m distribution centre
EXCLUSIVE CapitaLand Ascendas REIT has quietly sold a major Brisbane industrial investment held a decade. Charlie Buxton’s Cadence Property Group
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Charter Hall eyes Bing Lee distribution centre, store
Charter Hall is believed to be in due diligence for a distribution centre and large format retail complex offered by
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Hometown sells Shoalhaven caravan park
The local arm of US based all age communities operator, Hometown, has sold a Shoalhaven region caravan park picked up
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Interstate investor swoops on Melbourne warehouses
An interstate investor has picked up a Melbourne industrial asset with two tenants on new five year leases with options.
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Mansion dubbed Brighton Town Hall for sale
The imposing four storey mansion dubbed Brighton Town Hall by locals is for sale again. Goldman Sachs co-head of Investment
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Occupiers trade $18m strata office
CareSuper has banked $17.8 million for the bulk of a five storey inner-city Melbourne building. The vendor seized control of
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Exceed reweighs portfolio
Exceed Capital has sold its first investment – a retail centre bought in 2017, in Brisbane’s outer south east. The
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Cromwell buys into Straits industrial portfolio
ASX listed Cromwell has bought a 19.9 per cent stake in Straits Real Estate’s Australian industrial portfolio. The $47.6 million
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Queensland Quest trades for $14.2m
Another Quest backed investment has sold, this time at Ipswich. The 4-star serviced apartment complex at 57-63 Warwick Road was
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Gorman leases neighbouring Melbourne store
Gorman has leased a store next to two it occupies in Melbourne’s Swanston Street. It has also reset a lease
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Agent turned asset manager buys west Sydney warehouse
Real estate agency owner turned asset manager, Marcel Elias, has bought a high-profile Eastern Creek office/warehouse for a mandate. The
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Unikorn buys retail, childcare investment
Unikorn Capital has bought a Central Coast retail and childcare centre investment. North Wyong Village, with an IGA, six specialty
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Singapore group buys, rebrands Brisbane hotel
The Jaleel family’s JD Property has bought its fourth Australian hotel – outlaying $34 million. The 4-star George Williams in
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New South Coast retail investment fetches $17m
A new South Coast convenience retail investment offered in three parts, sold to one investor. The Nowra complex (pictured, top),
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Gordon Corp sells Morayfield Village
Gordon Corp has sold a Moreton Bay large format retail complex bought five years ago from Kaufland. The Gold Coast
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Inner city Adelaide motel fetches $12.4m
A contemporary motel investment in Adelaide’s inner south east has sold on a second attempt. The Osmond Motel at 232
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Stu Horner buys Lismore pub, bottle shop
A fortnight since selling an interest in Rockhampton’s Gracemere Hotel, Stuart Horner has bought Lismore’s Goonellabah Tavern, commonly known as
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Council sells newly formed block
Brisbane City Council has sold a block of land created from a Moggill Road realignment, at Indooroopilly. The 4637 square
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Not for profit banks $24m from site
The Endeavour Foundation has sold a Toowoomba estate bequeathed to it. The 8.55 hectare rectangle shaped holding, 542-558 Hume Street,
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Two Guardian childcare centres for sale
Two Melbourne Guardian childcare centres have hit the market – weeks after three Goodstart backed assets in Queensland traded on
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Perth asset manager buys maiden Mackay sites
Baron Vanilla has bought maiden Mackay properties outlaying a total $35 million. The biggest, 25 John Vella Drive, Paget, set
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Developer sells Windsor Exchange
Griffith Group has sold the two year old Windsor Exchange, about 3.5 kilometres north of Brisbane. The large format retail
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Fox family buy golf course from Crown
The Fox family is believed to be buying Heatherton’s Capital Golf Club from Blackstone Group, which acquired it purchasing Crown
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AIRR HQ sells on 5.7pc yield
The rural headquarters of Elders subsidiary the Australian Independent Rural Retailers, sold at auction last month. The $7.5 million result
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Another Noosa shopping centre sells
OzProp has sold a Noosa Heads shopping centre held nine years for a fund. Noosa Junction Plaza at 81 Noosa
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Salvation Army HQ sold
The Salvation Army’s national headquarters, in Melbourne, has been sold by Accord Property. Perth based asset manager Ascot Capital is
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Woolies buys another Coles
Woolworth has quietly picked up a south west Sydney supermarket leased to Coles seven more years. The 2675 square metre
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Asset manager sells IGA-anchored mall
APIL has sold a Joondalup precinct IGA-anchored shopping centre after 12 years. The Perth based asset manager banked $16.88 million
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Melbourne warehouse trades at sub four per cent yield
A warehouse covering a small portion of a 5651 square metre block, in Coburg North, sold for $7.51 million –
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Prominent Brisbane pub fetches $50m
The Farquar family has sold the Caxton Hotel freehold going concern after 28 years. The Brisbane pub is believed to
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Hotel owner quietly buys neighbouring sites
Singh Enterprises has quietly snapped up sites either side of the Mercure Spring Hill, which it bought last year. The
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Green light for towers beside Crown Casino car park
Les Smith has won approval to develop two apartment towers – of 52 and 25 storeys – on a collection
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Family office sells new Adelaide warehouse
Commonwealth government owned Outback Stores has bought an Adelaide distribution centre which hit the market in May for sale or
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ASX listed group consolidates at Broadmeadows
Reliance Worldwide Corporation will consolidate from two distribution centres to another recently completed next door, in Melbourne’s north Broadmeadows. The
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Land lease provider buys Wangaratta site
Over 50s land lease community provider Lincoln Place has snapped up a site permit-ready for a 227-lot subdivision in Wangaratta’s
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Fortis buys Collins Street office from receiver
Fortis has made its maiden Melbourne CBD play, picking up an office listed last month by Suleman Group receiver KordaMentha.
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Modern west Melbourne shopping centre sells
Glen Gala Village Shopping Centre, in Melbourne’s west, has sold for the second time in just over three years. Worth
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Charter Hall fund boosts Bunnings portfolio
Charter Hall has bought four Bunnings outlets for the Retail REIT (CQR) – outlaying a total $151 million. Two were
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Nick Politis sells heritage Brisbane building
Nick Politis has sold Brisbane’s historic Heckelmanns building after nearly 10 years. The Sydney Roosters chairman is banking $19.4 million
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Dexus sells Melbourne warehouses to tenant
Dexus has sold two large adjoining south east Melbourne warehouses to one of the tenants. Dulux Group is paying $40
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Growthpoint sells Petrie Terrace’s The Barracks
Growthpoint has sold Petrie Terrace’s The Barracks mixed use complex, picked up with its takeover of Fortius Funds Management three
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Trophy warehouse converted office for sale, Melbourne
A warehouse converted office, developed in the late 1880s for bootmaker Charles Trescowthick, who employed more than 250 people, is
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ISPT sells Parramatta office
ISPT has sold a modern Parramatta office with a 28 per cent vacancy. The Barrington at 10 Smith Street is
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Publicans trade west Sydney hotel
Vikki Webster has sold the family’s Richard’s on the Park, at Canley Vale. Lewis Hotels, led by John Lewis, is
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Perth caravan park, Queensland Mercure find buyers
ASX listed Eureka Villages has swooped on another caravan park, this time in outer south east Perth. Hillside Garden Village
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Feros family secures border town pub
The Feros family has bought Albury’s Northside Hotel from Harvest Hospitality Group which bought the freehold going concern just after
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Lawson Park Hotel, Regent Theatre sold
Lawson Park Hotel and the neighbouring Regent Theatre at Mudgee, 240 kilometres north west of Sydney, have sold to separate
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Government sells five town centre sites
Development WA has sold five small town centre sites, all up covering 1.07 hectares, part of the Wellard housing estate,
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Occupier buys Flinders Lane shop
Cha Cheng Group has bought the ground floor retail space within a historic building, in the prime section of Flinders
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Asian investor buys bank backed showroom
An Asia based investor swooped on a single storey, land rich showroom, office and warehouse in Sydney’s west Auburn for
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Developer buys $40m growth corridor block
Ausbuild is the latest developer to buy a Logan growth corridor block. The local outfit has outlaid $40 million off-market
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Charter Hall lists Sydney childcare centre
Charter Hall has listed another childcare centre, this time on Sydney’s Upper North Shore. The 87-place complex, 143-145 Pentecost Avenue,
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Tollman family sell lakeside Melbourne office
South Africa’s Tollman family has sold an office held 14 years opposite Albert Park Lake. The six storey, 1700 square
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Lendlease, NPP shed southern hemisphere’s largest single storey mall
Fawkner Property is buying Erina Fair – the southern hemisphere’s largest single storey shopping centre. The deal, with Lendlease and
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MAB sells new large format retail complex
MAB Corporation has sold another piece of its Element Park estate, in Melbourne’s outer south east. The new Clyde North
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Hotelier makes it 10 in Queensland
Sean and Dan O’Hara have sold the Gracemere Hotel, south of Rockhampton, after two years. The brother’s O’Hara Hotel Group,
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Toowoomba motel, cabins sold after 30 years
A sprawling suburban Toowoomba hotel and caravan park has sold to an operator. The two hectare Jeffery’s Motel in Kearneys
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Redcape buys historic Brisbane pub
Redcape Hospitality has snapped up the c1864 Plough Inn in South Brisbane’s South Bank. The 89 year leasehold deal is
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Forza flips ex-Salvation Army HQ after revamp
EXCLUSIVE Forza Capital has sold a prominent east Melbourne office after 16 months. The Liechtenstein based Hilti Family Office is
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University sells ex-Mitre 10
The University of Tasmania has sold another site until recently earmarked for student accommodation. The school is understood to be
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Diagnostic imaging clinic portfolio fetches $18.6m
Three PRP Diagnostic Imaging backed investments sold at auction yesterday. The priciest, in Hornsby, west of Sydney (pictured, top), traded
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BYD chooses suburban office for HQ
BYD has signed a large suburban office lease deal, at Mulgrave. The China based car maker will occupy a full
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Investors drop $12.5m for Hungry Jack’s restaurants
Investors dug deep to secure two regional Hungry Jack’s restaurants this month. In the biggest deal, a 14 month old
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Inner Brisbane apartment site trades for $22m
A prominent site at the east edge of Newstead’s Longland Street commercial precinct sold off-market this month to a local
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Bondi Beach apartment block sold
An Art Deco apartment block on an elevated site 300 metres to Bondi Beach sold permit-ready for an extension, including
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Asset managers trade near new Brisbane industrial investment
Fife Capital and QIC have sold a two year old industrial investment in Brisbane’s north Geebung. The 3.5 hectare asset, 405
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Interstate investor buys Canberra LFR complex
A large format retail complex with 150 car parks, in Canberra’s south east, settled to an interstate investor this month.
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Benetas buys Roxburgh Park aged care complex
Benetas has settled on the purchase of the Moran Roxburgh Park aged care facility. The 98 room, 132-bed complex, 3
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Interstate investor buys Bunnings pre-auction
A Perth investor has bought Horsham Bunnings following a pre-auction offer reflecting a six per cent passing yield. The 9592
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Aged care investment trades for $15m
An aged care facility in Gold Coast’s exclusive Ashmore traded at auction last week contested by three suitors. The $15
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Australian Unity sells Melbourne day hospital
Melbourne asset manager The Property Advisory has made its maiden healthcare investment. The Greensborough Medical Centre and Day Hospital cost
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GWS executive buys Double Bay apartments
Greater Western Sydney deputy chairman, Adrian Fonseca, has bought a 1970s block of flats to refurbish and eventually extend. The
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Near new medical centre collects $20m
A year old medical centre beside Blacktown Hospital and Sydney University School of Medicine sold on a sub five per
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Newcastle council buys another asset
The City of Newcastle has snapped up another investment, this time at Sandgate. Coincidentally, the local government owned the 8.64
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AsheMorgan flips industrial investment
AsheMorgan has sold one of three properties acquired as a portfolio early last year from CapitaLand. An occupier bought 77
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Trustee sells Surry Hills office, shop, car parks
Aspen Group paid $8.01 million at auction this week for a strata titled office and shop and a dozen car
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Medical centre beside hospital for sale, Melbourne
A sprawling medical centre sharing part of a roofline with Macquarie Health’s Melbourne Eastern Private Hospital, is for sale. Also
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