Avid buys AV Jennings
US-based Proprium Capital Partners, for its local managed arm Avid, has made a $365 million takeover bid for home builder
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Author: Marc Pallisco
Transport group doubles down in Melbourne’s west
Calleja Group has quietly bought a site next to one of its two Melbourne truck transfer stations. The 8920 square metre
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Private school shelves junior campus plan, lists blue ribbon site
EXCLUSIVE Korowa is selling a large blue ribbon Melbourne site after deciding against developing a junior school and childcare centre there.
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Roche family sell major Encounter Bay block
EXCLUSIVE The billionaire Roche family has parted with an Encounter Bay housing estate site after obtaining a permit for a
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Lutherans buy replacement HQ
After selling its sprawling North Adelaide headquarters last year, the Lutheran Church in Australia has tipped part of the proceeds
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Coles Cowes trades on 4.7pc yield
A 14 year old Coles in central Cowes has traded between private Melbourne investors. The $23.75 million achieved for 114-122
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Centuria Bass, Plenary appoint chiefs
In his 20th year with Plenary Group, Paul Crowe has been appointed chief executive officer. As part of a planned
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Council buys Bondi Beach apartment block
Waverley Council has used developer contributions to purchase a 1940s block of flats in trendy Bondi Beach. The $8.55 million
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Brisbane investor snares Newcastle hospital
Northwest Healthcare has sold the Toronto Private Hospital, south west of Newcastle, to Axon Capital. The three level, 105 bed
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Logistics giant banks $21m from ex-Sydney base
IMEX Shipping has sold its former west Sydney headquarters to the occupier of five years. The $21.1 million sale of
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Japanese investment giants trade stake in Sydney’s tallest office
MEC Global Partners Asia is believed to be buying a minor stake in Sydney’s landmark Salesforce tower, which carried a
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Coronation fills BTR tower
Coronation Property and its build to rent division, Nation, have filled a major investment in Sydney’s west Parramatta. The Charlie
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Occupier secures warehouse converted office for a discount
An occupier has swooped on a warehouse converted office for $185,000 less than the vendor paid five years ago. Absolute
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Woolworths-backed distribution centre trades on 6.5pc yield
A cold storage investment at Devonport – Tasmania’s third biggest city – leased until at least 2036 to a Woolworths
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T2 to reopen flagship store after swank revamp
T2, owned since 2022 by CVC Capital Partners, is readying to reopen its flagship store after a swank renovation. A
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Legal bigwig lists one of two Walsh Street homes
Australia’s highest paid legal chief executive officer, Gavin MacLaren, is selling a South Yarra home after upsizing in the street.
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Tattarang unveils maiden Queensland Akubra store
Andrew and Nicola Forrest’s investment vehicle, the new owner of Akubra, has chosen the heart of Brisbane’s CBD for that
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HIA buys another HQ
The Housing Industry Association has snapped up another office to occupy, this time in Melbourne. The official body of the
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Not for profit lists major apartment site
Villa Maria Catholic Homes, or VMCH, has listed for sale a park side block permit-ready for a multi-level aged care
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Melbourne City Mission divests historic Hartnett House
Melbourne City Mission has sold its second last childcare centre after bowing out of operating in the sector. Hartnett House
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Former La Luna restaurant sold
The Carlton North building which for 26 years until August accommodated celebrity chef Adrian Richardson’s popular La Luna sold this
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Occupier scoops up north Adelaide industrial sites
Porter Group has snapped up adjoining Adelaide properties to occupy. The Regency Park holdings, 19 and 21 Opala Street, abutting
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Trophy historic bank for sale
A historic ex-State Savings Bank on arguably the best corner in a thriving suburban Melbourne shopping village, is for sale for
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North Lakes gym sells after extension, reno
Keymax Property Group has sold a recently extended and revamped gym investment at North Lakes, north of Brisbane. The 2411
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Centuria, ESR trade Perth warehouses
ESR Australia is selling two adjoining Perth warehouses – branded one business park – to Centuria for an opportunity fund
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Toll signs Melbourne, Brisbane office lease deals
Toll Group, which sold to Allegro Funds in 2021, has leased two city offices. In the most significant deal, in
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Brookfield sells Brisbane site after shelving BTR proposal
Brookfield has sold the prominent Portside Wharf retail and entertainment complex, ending a 22 year association. The fund manager is
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Chinese truck maker expands in Melbourne
Sinotruk Australia has leased another Melbourne property, this time at Dandenong South. The Chinese truck maker has chosen 1/47-63 Remington
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Charter Hall eyes Geelong mall
Chris Lock’s IP Generation is realising another profit selling a Geelong region asset after a renovation. This time, the 18.6 hectare
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GDI banks $164m from Perth IKEA
GDI has sold Perth’s only IKEA, at Innaloo, after just over seven years. The ASX-listed group, which held the asset,
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Maurizio Terzini sells Jacksons on George, quits Icebergs
A consortium including restaurateur Maurizio Terzini and hotelier, Michael Broome, has sold Circular Quay’s 18 month old Jacksons on George
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Casino owner sells Melbourne site once mooted for Trump Tower
Blackstone has sold the prominent riverfront Melbourne site mooted nearly 20 years ago to be Australia’s first Trump Tower. The
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HMC snares west Sydney mall
Woolworths has flipped a western Sydney shopping centre acquired in December via a pre-emptive rights deal. The on-sale of Plumpton
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Coles to retire two liquor brands, boost another
Coles will retire two liquor brands to focus on a third – a move hoped will better take on Dan
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WOTSO leases ex-WeWork office
WOTSO has signed a major North Sydney lease. The flexible workspace provider has taken 2100 square metres at 50 Miller
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Greek association buys major suburban office for clubhouse
After recently selling a Bayswater base of 41 years, the Greek Club Palesviaki Enosis of Melbourne has reinvested proceeds on
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Not for profits trade aged care homes, retirement village
Presbyterian Aged Care has sold its last aged care home – part of a portfolio also with two retirement villages,
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BGH sells vacant Melbourne day hospital
BGH Capital, which this month sold its Laurent Bakery Group for $650 million delivering a 300 per cent return since
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Wesfarmers wellness arm rents another new distribution centre
EXCLUSIVE Australian Pharmaceutical Industries – a Wesfarmers arm from 2022 – has signed a 15 year lease for a distribution
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Only Australian Comme des Garçons for sale
The local outlet of Tokyo and Paris headquartered Comme des Garçons is for sale. The two level strata space –
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Stadia buys Brisbane office in two parts
Stadia Capital is the latest investment house to secure a Brisbane CBD office in two parts. The Sydney based asset
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German manufacturing giant doubles down in Melbourne
EXCLUSIVE Another Germany based manufacturing giant has bought a Melbourne property to expand – this time in the south east.
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Gym franchisee drops $15m for Upper North Shore buildings
A major Anytime Fitness franchisee has spent nearly $15 million on two double storey standalone buildings to occupy, on Sydney’s
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Hampshire buys another Queensland asset
Sydney based over-55s accommodation provider Hampshire Villages Australia, which turns 20 next year, has acquired a second Queensland asset in
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Gold Coast deal sees Local become Australia’s biggest BTR provider
Local has become the country’s biggest build to rent provider following an off-market deal for the seven hectare Smith Collective
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Estia snaps up two more aged care homes
Estia Health, which was acquired less than two years ago by Boston-based Bain Capital, has added two more aged care
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NSW government releases six more lots for developers
The state government will release six more sites to residential developers – part of the $6.6 billion Building Homes for
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Lendlease chief banks $13m from home
Lendlease chief executive officer Tony Lombardo and his wife, lawyer, May Chen, have sold Elizabeth Bay’s historic Keadue. Despite needing
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South Sydney amalgamation collects $21m
A south Sydney amalgamation containing a two level mechanic and three standalone dwellings has sold following a campaign targeting high
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John Potter buys Australia TradeCoast site
John Potter has snapped up an Australia TradeCoast site for a small strata industrial project. The ex-workshop at 344 Fison
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Another law firm upgrades city digs
Another major law firm is upgrading a headquarters – this time in Brisbane’s CBD. HWL Ebsworth Lawyers has pre-committed to
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German social club sells landmark Melbourne site
German association Club Tivoli-Deutscher Verain – Victoria’s oldest ethnic club – has sold its inner-city Melbourne base of 36 years.
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Shops subdivided out of ex-Fast Eddy’s restaurant for sale
Two shops subdivided out the ex-Fast Eddy’s 24 hour restaurant, on Bourke Hill, in the city’s Paris End, are for
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Centuria realises modest profit on day hospital sale
Centuria has realised a modest profit selling a Far North Queensland healthcare investment after three years. The Ramsay Surgical Centre,
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Ex-premier seals bargain fertility clinic deal
Real Asset Management has sold another Brisbane healthcare investment for a loss on its outlay. The Bowen Hills Fertility Clinic
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NTT buys balance of Brisbane CBD office, car park
NTT Corporation has bought the half stake it didn’t control of a Brisbane CBD office and car park. The Japanese
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Revelop pots ex-golf club site for retail project
EXCLUSIVE Revelop is planning a multi-building convenience retail investment on a prominent site it just unveiled near Wollongong. McDonald’s is
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Perth growth corridor mall sells again
A land rich shopping centre in a north east Perth growth corridor has sold for the second time in three
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Clarence banks $10.2m for hardstand site
Clarence Property Group has offloaded another one of five blocks retained within a Heathwood industrial estate sold down two years
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Speculative warehouse delivers developer major windfall
A Heathwood office/warehouse being constructed on a speculative basis has sold to an occupier – in a deal tipped by
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Vinnies pre-commits to Brisbane homemaker centre
POD Developments has pre-committed 85 per cent of a homemaker centre ahead of its completion this month. Vinnies is the
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Goodman doubles size of business park with $200m deal
Goodman has added a specialised industrial investment to its book following a tactical off-market deal with Qube. The 11.17 hectare
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Charter Hall completes first multi-level warehouse
One of the country’s biggest industrial landlords, Charter Hall, has completed the first of what it expects to be many
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German manufacturer spends $17m for Melbourne base
EXCLUSIVE The Australian arm of Germany based packaging manufacturer Multivac has outlaid $17.25 million for a major office/warehouse near its
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Australia Post banks premium for ex-branch
Australia Post has sold the former Glenroy Post Office, in Melbourne’s north. The $3.001 million achieved at auction for 9-11
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Developer outlays $21m for waterfront apartment block
An under-utilised apartment block overlooking the Swan River, in South Perth, has traded for $21 million. A more luxurious residential
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Lowy family returns to retail sector with major Melbourne mall
The Lowy family is making a return to the retail sector after nearly a decade – via Melton’s biggest mall.
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Spotlight buys homemaker centre from landlord
EXCLUSIVE Spotlight Property Group has picked up a prominent large format retail investment its parent part-leases for an Anaconda store.
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Saracen sheds permit-ready Bunnings site
Saracen Properties has shed a major West Perth site permit-ready for a Bunnings based mixed-use project, planned with the land
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Dexus fund sheds Brisbane office
Dexus is selling an asset on behalf of the Wholesale Australia Property Fund (DWAPF), control of which it seized from
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Inner city Bunnings sells again
One of Brunswick’s biggest commercial investments, spreading just over an acre with three street frontages – 31 metres to busy
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Interstate self-storage group secures Melbourne site
Adelaide based Storage Investments Australia has paid $5.9 million for a growth corridor Melbourne block. The builder, manager and operator
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Interstate investor buys, fills enormous Victorian ex-Spotlight
EXCLUSIVE Properties & Pathways has quietly bought a regional Victorian ex-Spotlight after securing another major retailer to lease it. The
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Bunnings banks $22.5m for near new store
Bunnings Group has quietly sold a near new outlet with a 10 year leaseback. The $22.5 million deal for 140
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Eureka picks up NSW all-age rental village
ASX-listed Eureka Group Holdings has used the proceeds of a capital raising five months ago to secure its second all-age
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Citify buys historic pub with $200m redevelopment plan
A year after negotiations began, Citify has purchased the c1846 Buckingham Arms Hotel, in Adelaide’s inner north east. The 6219
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Vacant west Sydney office/warehouse collects $13.1m
Another prominent Revesby commercial real estate asset is changing hands. The vacant two level office/warehouse on 4256 square metres at
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AsheMorgan, Dexus trade balance of CBD office
AsheMorgan has bought the half of a Sydney CBD office it didn’t control for far less than it purchased the
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Singaporean investor swoops on inner-city site
Singaporean investment house Yi Capital has swooped on a high density apartment site at Kensington, near the University of New
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Harvey Norman chooses Birmingham for UK HQ, store
Harvey Norman is continuing a United Kingdom expansion via Birmingham. The ASX listed retailer this week announced the Gracechurch Shopping
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