RACQ offloads HQ with a leaseback
The RACQ has recorded a modest capital gain offloading a Brisbane office acquired 10 years ago then renovated. The motoring
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Author: Marc Pallisco
‘King of toys’ accepts discount for CBD office
The owner of the world’s biggest toymaker, Hong Kong based billionaire Francis Choi, has taken a hit selling a Sydney
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Packers sell landmark Sydney penthouse
Francesca Packer Barham – who turns 30 next month – has sold the penthouse at Darlinghurst’s Harry Seidler designed Horizon
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Ex-RSL fetches $15.4m
The Narrabeen RSL Memorial and Recreational Club, which was put into voluntary administration in early 2022, has sold. The $15.4
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Record paid for WA childcare centre
HMC Capital has divested an inner north east Perth childcare centre for $7.2 million – a record for an asset
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Lendlease, Nippon to develop Melbourne BTR investment
Lendlease has partnered with Nippon Steel Kowa Real Estate to develop its first local build to rent investment, at Docklands.
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Stake in Sydney mall fetches $135.5m
JY Group has added a Northern Beaches shopping centre to its fast growing portfolio. The half stake in Warriewood Square
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GO.FARM snares two farms to repurpose
The Costa Asset Managed GO.FARM, which earlier this year attracted the backing of Qantas Super, has snapped up two major
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Salter buys three NSW venues
Salter Brothers has grown its portfolio with three more New South Wales venues. The c$100 million deal from Peter Cosgrove
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Woolworths sells apartment development site
Mosaic Property Group has paid $18.25 million an inner city Brisbane site permit-ready for a 16 level, residential based mixed-use
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Texan alternatives giant backs industrial
Growthpoint will deliver a special distribution while reducing it gearing following the sale of an 80 per cent stake in
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Dexus, Marquette to repurpose office tower at last
Marquette Properties has called in Dexus to almost fully fund – and pay for a repurpose – of a Brisbane
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Growthpoint moves more industrial off books
Growthpoint has quietly sold its 15.1 per cent holding in the Dexus Industria REIT (DXI). The $131.7 million deal –
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AFIAA lists unique Flinders Street office
Postscript: this office has now sold. Read our story here. AFIAA has listed another mid-size, west-end CBD office for sale.
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Collins Street office sold for second time in four years
The historic Collins Street local headquarters for online giant Alibaba has sold for the second time in four years. About
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Stake in landmark mall sells for discount
Vicinity Centres is on track to divesting some $250 million in assets this financial year, starting with a half-stake in
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Australia’s largest home builder quietly sold
Japanese giant Sumitomo Forestry Group will become Australia’s biggest residential builder after quietly making the major business play for Metricon
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Brisbane convenience retail deal suffers two hits
A small suburban Brisbane convenience retail investment has sold for a $50,000 drop on what it cost six years ago. The
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Legal precinct building fetches $6.9m
The former PRD House, in Melbourne’s Legal precinct, has sold to a local investor. The six storey 978 square metre
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Luxury car dealer outbids developers for inner-city site
Luxury car dealer Srecko Lorbek has snapped up a prominent inner-city site for a showroom. The recently vacated Beaurepaires at
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Jinding adds more rural sites to book
Two months after acquiring Warden Park, in Broadford, Jinding has added three more regional sites to its book – spending
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Newsreader lists Southern Tablelands farm
Channel Seven newsreader Mark Ferguson has listed a Southern Tablelands sheep and cattle station after a decade. Hazeldean at Crookwell
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Cremorne deal defies downturn
A deal between occupiers this week points to Commercial 2 zoned office values in uber-trendy Cremorne holding out against a
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Acure fund makes maiden NSW investment
Acure Asset Management has added another Quest to a hospitality fund launched last year. The 4.5 star motel at Dubbo
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Regis drops $103.5m on aged care villages
Two of the state’s bigger aged care accommodation providers have traded two Mornington Peninsula investments. The Village Glen Capel Sound,
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Myer family list trophy Melbourne estate
The Myer family has made the surprise decision to part with one of the city’s most significant estates. Cranlana, on
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Offshore investor snaps up trophy ex-bank
A Singaporean investor outbid five suitors at auction this week for one of inner-city Melbourne’s most distinctive strip retail buildings.
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Supercars Championship owner sells east Melbourne asset
Supercars Championship and Tickford Racing owner Rod Nash has offloaded an outer east Melbourne office and industrial investment – permit
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AU lists Melbourne council office turned medical centre
Australian Unity is selling one of its most secure yet under-utilised assets – a former council office turned medical centre
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Food processing plant fetches $32m for Nufarm
Nufarm – established by Max Fremder in 1956 absorbing another name, The New Zealand Farmers Fertiliser Company Limited, formed in
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Stephen Silvagni sells hotel on second attempt
A consortium including ex-AFL player Stephen Silvagni has sold an 86 year old inner-city pub on its second attempt. The
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School swoops on adjoining offices
EXCLUSIVE The Al Noori Muslim School has snapped up two adjoining suburban Sydney offices – only one which was being
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Virtical accepts major discount for pub
Virtical has offloaded Sydney’s Republic hotel for a major loss on its outlay 13 months ago. Until recently directed by
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Greek club takes hit on Melbourne office sale
The Hellenic Club of Canberra is reweighing its commercial property portfolio, three months after acquiring a major ACT site on
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Growthpoint, ISPT trading renovated Canberra office
Growthpoint is buying a Canberra office for a single asset trust calling on investors. Developed in 1986, refurbished in 2022
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PTA buys another site
Three weeks after acquiring a Bayswater site for its electric bus fleet, the Public Transport Authority of Western Australia has
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Toymaker buys major equestrian centre
Peregrine Adventures founder Rob McNaught has sold Mornington Peninsula equestrian centre Boneo Park after 21 months and an agent change.
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Fugitive developer site sold for $80m
A major north west Sydney site until recently controlled by fugitive developer Jean Nassif’s Toplace has been sold by an
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ESR sells stake in $3.2b industrial fund
ESR Australia has sold a stake in a $3.2 billion industrial fund held with the Abu Dhabi Investment Authority, with
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Sivasli buys second regional Victorian school
EXCLUSIVE Sivasli has swooped on another Victorian ex-school with plans for a medium density housing estate. The 7.3 hectare Corio
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Landmark Melbourne site hits market after a century
The owners of custom timber product and moulding manufacturer, Porta, have listed the company’s spectacularly located headquarters abutting Yarra Bend
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Mirvac accepts dramatic discount for office
Mirvac has quietly sold a Parramatta CBD office for 42 per cent less than it paid in 2017 – a
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Redcape sheds two more pubs
Redcape has sold two more pubs, this time in Sydney. The MA Financial managed group, which temporarily froze redemptions last
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Pharmaceutical society sells vacant office
The Pharmaceutical Society of Western Australia has sold a small Perth office until late last year leased to ally, the
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Offshore investor snaps up major Melbourne car park
EXCLUSIVE Frasers Property Australia has sold a major car park servicing a 37 level Melbourne office built with GPT in
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Investment manager books impressive windfall from office flip
Alceon and OPD Developers have concluded the sale of Brisbane’s ex-Golden Caskett headquarters after a major repurposing and reletting. The
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Sentinel divests balance of Brisbane business park
Sentinel has sold the balance of a Brisbane business park held 14 years. The Warren Ebert backed fund manager is
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AU takes hit selling Melbourne hospital expansion sites
Australian Unity has taken a major hit selling a development site abutting the Brunswick Private Hospital, in Melbourne’s north. The
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Receivers list prized Double Bay office
A Double Bay office sold by Greater Union three years ago for $25.5 million – setting a record auction result
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Melbourne building value doubles upon tenancy
A recently leased triple fronted retail investment at a busy T-intersection in Melbourne’s north west traded at auction last week
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Queensland convenience retail deal reflects yield softening
A modern convenience retail complex leased to two Collins Foods Ltd brands sold for $7.9 million – $60,000 less than
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Colgate-Palmolive leases Melbourne office
Collective Capital has committed two tenants to renovated Melbourne office investments. In the highest profile deal, the local arm of
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IOOF, MLC refill LFR investment
MLC Asset Management has plugged a 1200 square metre vacancy at a large format retail investment in Melbourne’s east –
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HMC buys unique inner-city mall
One of three triple-supermarket anchored neighbourhood shopping centres in Queensland – and 11 in the country – has found favour
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Fund managers list similar offices with very different price hopes
After a mooted deal earlier this year fell through, Australian Unity has listed a major Melbourne asset – the final
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Renown doctor sells purpose-built Woolies
Sports doctor, researcher and author, amongst other things, Peter Brukner, has turned a profit selling a regional Victorian shopping centre.
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Sydney’s ‘most recognisable pub’ sells after decades
It is the end of an era in Surry Hills with Margaret Hargreave selling the Shakespeare Hotel – considered by
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Waratah accepts discount for outback pub
Darren Baker’s Waratah Group has accepted a discount for the Royal on Ninety Nine at Roma, the most populated town
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Sydney land sale falls short of expectation
A housing estate site south west of Sydney quietly traded after six months and a small discount. BQ Property paid
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Melbourne Porsche dealerships collect $47m
PM Group, formerly known as Preston Motors Group, has divested two Melbourne Porsche dealerships after selling the businesses associated with
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Princeton philanthropist sells Melbourne apartment block
Princeton University professor, moral philosopher and philanthropist, Peter Singer, has sold another inner east Melbourne residential investment. Raeburn, a c1970
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Government buys site for electric bus fleet
The state government has bought a major north east Perth industrial site to repurpose as a charging depot for its
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Cromwell accepts small discount for office
Cromwell Funds Management has sold a sprawling inner north Brisbane office for $500,000 less than it paid in late 2017
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Developer buys balance of Melbourne quarry
A prominent developer has bought the balance it didn’t control of a former Boral quarry in a growth corridor south
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HMC sells five more LFR investments
EXCLUSIVE HMC Capital has sold five more large format retail investments held by its Daily Needs REIT (HDN) – pocketing
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Ex-AFL star takes major hit selling “gateway” Melbourne mall
Newmark Capital, directed by ex-AFL player, Chris Langford, has taken a 20 per cent hit selling a prominent Melbourne mall
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New JV spends $1.8b on life science assets
Warburg Pincus and Lendlease have swooped on a $1.8 billion (S$1.6b) portfolio of Singapore life science buildings. Speculated to include
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University takes hit selling CBD hotels
The University of Tasmania has sold two Hobart hotels, four months after revealing a federal government cap on international students
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Crown founders lose prime riverfront site
Crown Group, which started liquidating assets last year leaving its co-founders, Iwan Sunito and Paul Sathio, individually competing for them,
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Accor chooses site for maiden Australian Hoxton
Accor will launch its Hoxton brand in Australia within a brick and glass tower, part of the redevelopment of the
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Melbourne fund manager buys landmark Queensland mall
Melbourne based fund manager Fawkner Property has added to its Far North Queensland portfolio following an off market deal for
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Growth corridor childcare centre fetches $8.7m
A childcare centre development fund managed by Accord Property, created in 2015 by ex-Harmony Group founder Joe Walker and valuer,
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Logistics giant expands at Melbourne Airport
Cope Sensitive Freight has leased a major facility at Melbourne Airport, 16 kilometres north west of town. Construction of the
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Site chosen for Victoria’s first AFL Max
Hume City Council will add another education and entertainment centre to its portfolio after striking a lease deal with Melbourne
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Melbourne council sells Modernist ex-library
The Harry Winbush designed ex-Glenroy Library, completed in 1970, will be retained in its existing form after selling to Adelaide
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Billionaire, ASX fund secure next Kmart HQ
In a significant lease deal, Kmart will relocate its Australian headquarters to an office abutting a shopping centre in Melbourne’s
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Disability accommodation fund boosts book 20pc
Barwon Investment Partners has boosted its portfolio of specialist disability accommodation 20 per cent, with north west Sydney assets. For
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Hawaiin, QIC trade mall stake
Hawaiin has acquired the half stake it didn’t control of Perth’s Claremont Quarter. QIC was the seller, the off-market deal,
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Woolworths buys a Bunnings
Woolworths’ development arm has bought a prominent ex-Bunnings in recent years earmarked for a Kaufland. Fabcot paid $20.5 million for
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Developer fills business park after spec warehouse deals
Elite Property Group has built out and, now, fully leased a Melbourne business park. The local builder secured two tenants
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