Sentinel lines up another Mackay asset
Warren Ebert’s Sentinel Property Group has entered negotiations for the Caneland Central shopping centre, in Mackay. Worth a speculated $350
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Author: Marc Pallisco
Ausgrid reaps $180m from inner south Sydney block
Ausgrid has sold a 2.86 hectare Zetland site to Deicorp which is planning a mixed use but predominantly residential development.
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Charter Hall expands Minto holding again
Charter Hall, on behalf of the Prime Industrial Fund, has quietly purchased another holding on Minto’s Airds Road. The 1.34
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Kumho doubles down in Sydney
Kumho Tyres will more than double the size of its Sydney distribution centre and storage facility, with the pre-commitment of
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HMC sells HomeCo Knoxfield
HMC Capital, the new name for HomeCo, has sold a Masters-converted large format retail investment at Melbourne’s east Knoxfield for
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Dexus offloads old servos to fund new ones
Dexus, as manager for the Convenience Retail REIT (DXC), has sold two older style Queensland service stations with plans to
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Developers snap up Mornington Village Shopping Centre
Angelo Property Group and Rathstation Group will team for another development after snapping up the Mornington Village Shopping Centre. The
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Education groups buy, rent Melbourne offices
Education groups have committed to two Melbourne office spaces. At South Morang, the Insight Institute of Further Studies has leased
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Cashed up exec snares historic Tarana Hotel
Businessman Byram Johnston and his wife, Deborah, are paying a speculated $5 million for the freehold going concern of the
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BFX spends again in Melbourne’s east
BaiFuXin Family Office (BFX) has picked up another east Melbourne development site. At 812-816 Glenferrie Road, Hawthorn, with a 14
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Nolan consolidates to Dandenong South HQ
Nolan Group will consolidate several south east locations, including its Dingley Village headquarters, to a Dandenong South office/warehouse (artist’s impression,
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Grollo family sell another suburban Melbourne office
The Grollo family has offloaded another trophy Melbourne investment as part of plans to meet Grocon debt repayment requirements. The
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Melbourne investor buying Gold Coast’s Palazzo Versace
Shakespeare Property Group, which with a sister company, Prime Value Asset Management, is led by Melbourne based investor Yak Yong
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AU divest another Parramatta office
Australian Unity has sold a Parramatta office for $87.25 million – a 4.5 per cent premium on its December, 2021,
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La Trobe chooses partner for $5b university development
La Trobe University has chosen Plenary – a partner it has worked with before – to deliver mixed-use product and
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Regional Victorian Bunnings fetches $18m
A Bunnings investment at Swan Hill, near the New South Wales border, has sold for just over $18 million reflecting
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Petrol tsar spends c$135m on Adelaide mall
Melbourne investor Nick Andrianakos is paying over $135 million for a half stake of the Colonnades – the country’s fourth
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Harmony lists Treasury Gardens office
Harmony Property Investments has listed an East Melbourne office opposite Treasury Gardens. The Adelaide fund manager can expect more than
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Brite, Quintessential divest Canberra offices
In its maiden Canberra purchase, Hunter Investment Corporation is paying c$30 million for Phillip’s Lovett Tower. The deal reflects a
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Green light for Sam Arnaout’s maiden Queensland project
The City of Gold Coast has given Sam Arnaout’s Iris Capital the green light to replace Broadbeach’s Niecon Plaza with
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Hutchinson awarded ex-Probuild contract, Brisbane
Cbus Property has appointed Hutchinson Builders to complete Brisbane’s first subtropical themed apartment towers, at 443 Queen Street. The local
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Newcastle hotel trades for record price
Glenn Piper, with a small syndicate of investors, has snapped up the Art Deco Merewether Beach Hotel for a speculated
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Grollo family quietly offloads long-time HQ
The Grollo family is continuing to downsize its income-generating real estate portfolio, this time selling its long-time former Preston headquarters
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Pendle Hill pub sells for the first time
The Pendle Inn Hotel, in Sydney’s west, has changed hands for the first time since it was developed in the
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Endeavour, Warakirri acquire Tasmanian vineyard, business
The recently listed Endeavour Group has teamed with Warakirri Asset Management to acquire the real estate and business of Tasmanian
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Forrests buy Perth mall with redevelopment plan
Andrew and Nicola Forrest’s Fiveight – a property investment arm of the pair’s Tattarang – has picked up Perth’s Carillon
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Burson leases Preston showroom
Burson Auto Parts has leased a modern Preston office/industrial building for a store. The Bapcor brand is paying starting annual
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Blackstone, Brookfield bank $2.1b from Melbourne offices
Charter Hall and Singapore sovereign wealth fund GIC are paying a speculated $2.1 billion – reflecting a bullish c4.5 per
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Government buys West End site for Olympic broadcast centre
The state government has snapped up a prominent waterfront West End industrial site with plans to convert it to the
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Bowens nails Melton site as part of $50m expansion plan
Bowens has picked up a 4.9 hectare block at Cobblebank, a five year old Melton growth corridor suburb. The independent
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