IVE Group pre-commits to second Braeside Industrial Estate warehouse

Sixteen months after pre-committing to a warehouse within Frasers Property Industrial’s Braeside Industrial Estate, in Melbourne’s south east, IVE Group has leased another. The Braeside property will be for the occupier’s IVE Retail Display business, which will relocate from Sunshine, 12 kilometres west of the city. At 3 Beyer Road, it will contain 6436 square

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Amazon trebles Australian occupancy with robotic Kemps Creek warehouse

Amazon today trebled its Australian industrial occupancy, announcing the pre-commitment of an automated fulfilment centre in Sydney’s west. Amazon Robotics, under construction at the $1.5 billion Oakdale West industrial park in Kemps Creek, will include 200,000 square metres over four floors. On 1.5 hectares, it is configured with 1148 parking bays for cars and 64

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MPG Funds Management outlays $40.98m on five government backed regional buildings

MPG Funds Management has acquired another five non-metropolitan assets, this time for its Regional Cities Property Trust, which was established in September, 2018. The total outlay is $40.98 million. All of the properties are leased to the government. The deal comes three months after MPG spent $43.5m on Rockhampton’s Bunnings Centre – for its (then-newly

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Allianz spends $459m on two Carlton student accommodation assets

Allianz Real Estate is reportedly snapping up two modern student accommodation towers in Melbourne’s inner north Carlton. The investments formed the Journal Student Accommodation Fund – which was 90 per cent controlled by Johannesburg listed Redefine Properties with the balance held by the Davidoff family’s Citiplan. The vendors appointed JLL to market the assets late

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Kaufland recoups $29.7m selling two Victorian sites to Aventus, Woolworths

Kaufland has found buyers for nine Australian properties – today revealing the ASX-listed buyers for two of them. Its portfolio – an unbuilt distribution centre and parcels earmarked for supermarkets – was estimated to be worth $500 million. The Germany based retailer spent more than two years acquiring properties and creating a development pipeline ahead

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