Freecity approved to build $330m village
Freecity Group has been permitted to develop an apartment based mixed-use project (artist’s impression, top), 43 kilometres north west of
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Author: Marc Pallisco
Agency buys landmark office for HQ
One of the country’s largest real estate agencies has bought the top two floors of Australia’s first Art Deco skyscraper
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Graya buys another Palm Beach block
Graya has quietly snapped up a Gold Coast site beside one it bought in February – to expand a proposed
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Computershare co-founder sells FNQ pub
Computershare co-founder Chris Morris has sold the Julatten Hotel, west of Port Douglas, after four years and a renovation. “This
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Country’s first Good Brew-backed QSR investment sold
A three year old quick service restaurant investment in central Sale has sold for $1.62 million. The result for 308-310
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Queensland selects partners for first Land Activation Program site
The Queensland government has selected separate parties to deliver more than 450 dwellings in the city’s north – the first
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GPT spends $1.2b on shopping centre stakes
GPT on behalf of the Wholesale Shopping Centre Fund, has agreed to acquire half stakes in two regional malls from
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Box Hill South LFR investment sold
An offshore investor has paid $15.5 million for a large-format retail investment in Melbourne’s east anchored by Genesis Fitness Club
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Reece buys Melbourne trade centre site
Reece Australia has snapped up a small site in a Frasers Property Industrial estate. The 2043 square metre Industrial 3
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Ex-Baptcare aged care home sold after revamp
A former aged care home in Melbourne’s north has traded nearly three years after being acquired from Baptcare and repositioned
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DigiCo sells LA data centre sites
DigiCo Infrastructure REIT has agreed to sell its LAX1 and LAX2 data centre development sites in Los Angeles after planning
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Cromwell fund suffers hit on office sale
Cromwell Property Group has agreed to sell a Queanbeyan office for a loss on what it paid in 2019. On
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Swiss watchmaker leases Melbourne building
Swiss watchmaker Patek Philippe has leased the historic Professional Chambers at 120 Collins Street, expanding its presence on Melbourne’s premier
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Redcape picks up historic Sydney pub
MA Financial-backed Redcape Hospitality has acquired Woolloomooloo’s Frisco Hotel from Queensland-based Sun Group. The heritage-listed three level hotel set it
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Schwartz family sells swank Melbourne office
Danny Schwartz has sold an inner-city Melbourne warehouse converted office bought from a mortgagee mid-construction just before COVID. The Fitzroy
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Property services giant sells HQ with leaseback
A major facilities and property services provider has sold its recently renovated national headquarters with a 10 year leaseback. Executives for
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John Holland Group quits CBD for suburbs
John Holland Group will relocate its Brisbane headquarters from the CBD to a Growthpoint Properties Australia office at Newstead. The
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Botany warehouses fetch $11.2m
An industrial investment neighbouring the enormous ex-Standard Knitting Mills factory, at Botany, has sold. The two warehouses, 36-38 Sir Joseph
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Operators trade Peakhurst Hotel
John Feros’ JDA Collective has sold the Peakhurst Hotel after 10 years and a renovation. The freehold going concern fetched
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Vale Gerald Rawson
Gerald Rawson, who co-founded Burgess Rawson in 1975 and remained active in the property industry after selling the business in
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Geelong developer enters Melbourne with $20.6m site
A lucky family has sold a Melbourne farm – now at the centre of a growth corridor – to Geelong
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IKEA sells waterfront warehouse
IKEA has banked an impressive capital gain selling its waterfront Rhodes warehouse, bought in the years following the Global Financial
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Redhill snaps up co-living investment
Redhill Hospitality has bought a Queensland co-living investment, to add to a portfolio with New South Wales and Victorian ones.
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Boldstone buys fifth Toowoomba site
Boldstone has snapped up another Toowoomba site with plans for a low density housing estate. The 69 hectare parcel at
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Australian Unity buys Casa Capace SDA portfolio
Australian Unity, for the Specialist Disability Accommodation Fund, has bought the Casa Capace specialist disability accommodation portfolio lifting assets under
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Stockwell consolidates Parmalat factory site in South Brisbane
Local developer Stockwell has acquired the balance of former Paul’s Milk Factory, also known as the Parmalat milk site, consolidating
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LLC providers trade Queensland hinterland site
Land lease community providers have traded a Sunshine Coast Hinterland site. Clifton Lifestyle has paid $15.2 million for the 13.5
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South Bondi Hotel sold again
Two ex-Public Hospitality pubs have sold out of receivership for a combined c$80 million. Clime Asset Management and Singapore-based Vantage
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Government sheds North Sydney mixed-use site
A development site earmarked for a mixed-use project adjoining Victoria Cross Metro Station in North Sydney has traded for a
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Ryman, Cedar Woods trade ex-high school, Melbourne
Ryman Healthcare has taken another haircut selling a Melbourne development site. Following an off-market deal, the Australian and New Zealand
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Balance of Perth service centre sold down
The last two pieces of a new Perth growth corridor convenience retail investment have sold. Also the two most affordable
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Investa eyes pair of Dexus offices
Investa is understood to be in negotiations for a pair of east coast offices – a c$700 million outlay. The
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Newmark sells Tooronga Village
Newmark Capital has quietly divested a Coles-anchored shopping centre in Melbourne’s leafy east after seven years and selling down five
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Developer swoops on Melbourne coffee roaster
A row of inner-city properties including one leased to coffee roaster, Seven Seeds, has sold for the second time in
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Bunnings to absorb Wesfarmers industrial, workwear businesses
Bunnings Group will take control of workwear supplier Workwear Group and industrial distributor Blackwoods, from parent Wesfarmers next month. The
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Ex-hospital with repurpose upside for sale
A sprawling rehabilitation and mental health hospital in suburban Wollongong has been listed for sale after closing in March. The
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Boutique developer swoops on riverside Brisbane block
A second apartment site on the river in St Lucia has sold in a week – this one trading immediately
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Goodman expands Botany footprint
Goodman has expanded its Botany holding buying 3 and 5-7 Hale Street from interests associated with the occupier. The sites
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Squash courts sold for childcare centre
The Willoughby Squash Club – the last indoor racquet sports centre on Sydney’s lower north shore – has sold following
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West Sydney warehouses fetch $16m
An industrial asset with two buildings – one leased for five years – has sold to an occupier. The Girraween
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Dexus offloads Brisbane industrial estate
Dexus has sold a Brisbane industrial investment held just shy of 11 years. Corval with Japanese capital partner Kanden Realty
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Operators trade Dandenong South going concern
A concrete products manufacturer has bought both the real estate and operating business of a Dandenong South rival. The going
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Revelop buys trio of Sydney malls
Revelop has expanded its Sydney retail holdings with the acquisition of three neighbourhood shopping centres – two anchored to Coles,
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Ex-civic centre closer to redevelopment
The City of Gold Coast is seeking to sell the Nerang Administration Precinct and partner with the private sector to
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Barings consortium buys Moorabbin Airport
Barings has quietly agreed to buy Melbourne’s Moorabbin Airport precinct from Goodman Group – a deal valuing the asset at
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Third Cairns hotel sells in five weeks
A third major Cairns hotel has traded in five weeks. The 10-level Acacia Court Hotel at 223-227 The Esplanade, on
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Event hire group signs west Melbourne industrial lease
An event hire business which services the Australian Open, Australian Grand Prix and AFL Gather Round, has signed a major
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Singapore family pay $26m for Perth hotel
Singapore’s Jaleel family, behind the JD Properties brand, has bought another Perth CBD hotel. The freehold to the Pensione Hotel
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Bottega snaps up waterfront apartment site
Bottega House has bought two neighbouring standalone homes on the Brisbane River with plans for a 15 storey apartment complex.
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Offshore investor flips Sydney showroom
A Chinese investor is banking a $2 million profit selling a south Penrith industrial investment after two years. The Reece
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Inner-city government backed office sold
An inner-city office built 15 years ago for the Department of Corrective Services, which still occupies, has sold for $10
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Developers trade permit-ready apartment site
Local developer Bathla has sold a Sydney growth corridor site permit-ready for six four-storey apartment buildings. The group is banking
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Billionaire buys Flight Centre, Virgin HQ
Billionaire Paul Lederer has agreed to buy the Southpoint office tower in Brisbane’s South Bank to seed a wholesale property
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New development outfit buys lakeside Melbourne office
A new development group led by Justin Liberman and Paul Solomon has bought an under-utilised office near the top of
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Stockland proposes $2b Melbourne data centre campus
Stockland is planning to replace just under half a Melbourne business park with a data centre campus. The ASX-listed group
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Peugeot dealership sells $2m over reserve
A Peugeot dealership in Melbourne’s leafy east has traded between private investors. The $7.09 million result for 295-297 Whitehorse Road,
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Not for profit buys slice of ex-Kraft HQ
The Multicultural Youth Centre has expanded its significant Broadmeadows footprint. The Islamic organisation has paid $11.2 million for another part
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Melbourne’s ex-Autodesk HQ sold
Occupiers have traded a sprawling office in Melbourne’s outer east. The Y-shaped building on 2.78 hectares at 259-261 Colchester Road,
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Parramatta office fetches $9m after refurb
A compact three level office in Parramatta’s Justice Precinct has sold off-market. The 672 square metre building with basement car
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Ex-NRL player buys Melbourne gym
Ex-NRL player Wes Maas has snapped up a suburban Melbourne gym leased to a rival of the Derrimut 24:7 business
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Historic ice cream cone factory flipped after repurpose
An inner-city ice cream cone factory recently converted into a co-living complex has sold to an offshore investor for $10.425
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Developer swoops on neighbouring inner-Brisbane buildings
An under-utilised inner city commercial investment – two neighbouring office and retail buildings – has changed hands for the first
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Ten level Telstra exchange sold, set for redevelopment
Cbus Property has bought Brisbane’s Edison Telephone Exchange, developed by the federal government in 1963. Sold by Telstra in 2019
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Not for profit buys Woolloomooloo development site
A major not for profit has swooped on a 1960s Woolloomooloo office listed with a controversial permit for a five
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Jon Adgemis receivers sell Potts Point hotel again
Oscars Group has bought a Potts Point guesthouse after a deal late last year to Tom Wallace’s Millinium Capital didn’t proceed.
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Centuria sheds corner of regional WA mall
Centuria has sold a large format retail investment built into a corner beside Chester Pass Plaza, at Albany. The asset
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Stockland turns sod at Sydney apartment site
Stockland today turned the first sod, representing the start of construction, at a Sydney project marking its return to apartment
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Bondi Beach neighbours unite, sell to developer
Local apartment developer Rafi Assouline has bought what was marketed as Bondi Beach’s largest amalgamation (pictured, right) – 14 properties
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Clive Palmer drops $18.5m for Gold Coast penthouse
Clive Palmer has bought another trophy Mermaid Beach property – this time a full floor sub-penthouse in a recently completed
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ESR, Quintessential trade Brisbane office
ESR is crystallising a loss on the sale of a Brisbane office seized through its 2019 takeover of ARA Asset
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Fairfax family sell suburban Sydney pub
The Fairfax family has sold a south Sydney pub held 27 years. Thomas Hotels has paid $42 million for The
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Six suitors bid for suburban Melbourne medical centre
Six suitors at auction this week pushed the price of a south east Melbourne medical centre to $6.54 million. The
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Not for profits trade ex-Coca Cola bottling factory
Not for profits have traded a former Coca Cola Amatil bottling facility, three kilometres north west of Adelaide. The 9751
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Melbourne’s ex-Foy & Gibson department store sold
Coombes Property has bought Midtown Melbourne, the prominent Bourke Street Mall retail and office complex developed in the 1930s as
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Another Cairns hotel sold
Another major Cairns hotel has sold off-market. The Bay Village Tropical Retreat curried favour with a Sydney investor for a
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Keysborough office/warehouse trades for $11m
Another major industrial facility at the Key Estate in Keysborough has sold. The $11 million result for the nine year
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Foodie, printer lease Noble Park warehouses
Two tenants have secured a combined 5728 square metres of warehouse space at Noble Park, in Melbourne’s south east. At
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Justin Hemmes buys vacant RSL
Justin Hemmes has bought a Sydney CBD freehold opposite one of its flagship hospitality precincts, continuing a consolidation play around
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Robin Khuda’s Onterra snares another warehouse
Robin Khuda’s investment vehicle Onterra has bought an office/warehouse from AsheMorgan. The 2.2 hectare asset, 62 Sandstone Place, Parkinson –
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Petersham pub sold after revamp
Australian Venue Co has bought the freehold going concern to the White Cockatoo Hotel at Petersham from Ray Reilly who
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