Fund flips NSW hotel after renovation
A trust controlled by MA Growth Ventures, a division of MA Financial, has sold a Bathurst hotel after three years and a
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Author: Marc Pallisco
Partnership drops $600m on incomplete Melbourne business park, intermodal terminal
Aware Super Real Estate and Barings, formerly known here as Altis Property Partners, are paying $600 million for an industrial
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Queen Street office trades for discount
Developer Morry Schwartz has swooped on an under-utilised Melbourne CBD office after a much pricier deal early last year fell
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New convenience retail investment collects $9m
A new convenience retail investment at Robin Vale, west of Bathurst’s CBD, has traded for $9.15 million. The result for
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Ex-Bunnings HQ sells after renovation
Electrical engineering products supplier NHP is buying the ex-Bunnings headquarters, in Hawthorn East, it is understood to occupy. The three
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Ultimo warehouse sold, set for repurpose
Apt.Residential, a build-to-rent outfit backed in May by Dutch pension fund PGGM, has snapped up a prominent Ultimo building. The
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Myer Melbourne building stake quietly sells to co-owner
Charter Hall has quietly sold its 16.7 per cent stake in the Myer Melbourne building. Announced in reporting for the
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Gai Waterhouse lists Sydney apartment
Horse trainer Gai Waterhouse is selling an inner east Sydney apartment held by the family 47 years. The first floor
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Malaysian developer invests again on the Gold Coast
An arm of Malaysian Resources Corporation Berhad has bought another Gold Coast building block. The Sundale Hotel site – 1743
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Publicans seal Sydney asset swap deal
In an unusual pub swap plus cash deal, Barham Hamarashid has secured Bondi Junction’s The Mill from the Kospetas family,
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Melbourne shopping centre value halves in three years
EXCLUSIVE A suburban Melbourne retail complex which traded in March, 2021, for $12.8 million, sold again at auction today for
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Goldfields snares Melbourne office site for apartments
Goldfields has quietly seized co-control of an inner east Melbourne apartment development site, with Dexus, which was planning offices. With
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Laundy family snap up historic Sydney pub
Blair Hayden has sold Sydney’s oldest continually licensed hotel – The Rocks’ Lord Nelson Brewery – after 38 years. Also
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Former premier buys courthouse office
Former Queensland premier Campbell Newman, now co-director of fund manager, Arcana Capital, has snapped up a sprawling office opposite the
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Moonee Valley Racecourse to be diced as downsize becomes real
EXCLUSIVE Hamton and Hostplus are readying to build a road which will slice off what has for 140 years been
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Ex-AFL star seeks tenants for new office
Ex-Carlton footballer turned property developer Fraser Brown has completed a swank uber-green office in Melbourne’s leafy east. The owner of
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Prominent Eaton Mall building trades on tight yield
An investor dug deep – paying a price reflecting a 2.88 per cent yield – for a two level investment
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Melbourne’s ‘Bunnings hotel’ for sale
The hilltop Melbourne property come to be known since it was proposed five years ago as the ‘Bunnings hotel’ is
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Strata-titled Surry Hills pub fetches $17m
The Kospetas family’s Universal Hotels has snapped up a high-profile pub opposite Central station, near three major office developments. The
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Interstate aged care provider swoops on vacant Melbourne facility
MA Financial backed aged care accommodation provider Infinite Care, also branded Infin8 Care, has bought its second Melbourne facility. The
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Melbourne council banks $51m from car park
The City of Monash has sold a 1.5 acre car park as a development site to an investor familiar with
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Charter Hall quietly sells ex-Foxtel HQ
EXCLUSIVE A prominent suburban Melbourne office – for years until recently, Foxtel’s headquarters – has sold off-market. Members of the
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Westbridge buys maiden NSW asset
Perth-based fund manager Westbridge has made its maiden New South Wales investment – a neighbourhood shopping centre at North Tamworth.
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Fund managers swap Walsh Bay office
German fund manager Real IS has swooped on a Walsh Bay office listed two years ago as part of a
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Dexus commits two more law firms to Quay Quarter
Two more law firms have committed to a piece of Quay Quarter Sydney, being delivered by Dexus and Mirvac. Maddocks
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Byron Griffith profits from ex-Bunnings sell-down
Byron Griffith has turned around an impressive profit selling down a former Bunnings outlet south of Wollongong after a repurpose
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Surf Dive ‘n Ski founder lists enormous Melbourne pile
Surf Dive ‘n Ski founder Fadil ‘Butch’ Sadikay has listed neighbouring inner-city sites permit-ready for an apartment project. The 1770
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ASX-listed giant leases Ringwood superstore
A prominent Ringwood showroom for more than 20 years occupied by Baby Bunting has been leased to ASX-listed Viva Leisure
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Data centre deal a win for Centuria offices
Centuria has made an “early mover” investment into a specialised data centre space – an act set to greatly benefit
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Party supplies chain coming to ‘Melbourne’s second city’
Centuria has filled a showroom at a south east Melbourne homemaker centre acquired with its 2021 takeover of Primewest. Party
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Iveco recommits to ex-Metro Tunnel office
Truck giant Iveco, which three years ago ceased manufacturing in Australia – it now imports, mostly from Spain – has
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Fortis snaps up another Melbourne site
KordaMentha has sold the second of two properties seized from Mark Oman’s Residence Company. The double storey warehouse converted office/showroom,
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New-to-Australia car brands drive another lease deal
Demand for a swag of new-to-Australia car makes has driven another industrial lease deal. This time, Lansvale Motor Group, which
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SCentre, Barrenjoey buy another Adelaide mall stake
SCentre and Barrenjoey Private Capital have teamed again for a stake in an Adelaide shopping centre. The 50 per cent
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Mitre 10 swoops on ex-rival outlet
Mitre 10 has leased part of a prominent ex-Masters outlet, now a logistics investment, abutting the St Marys Leagues Stadium,
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Clarence secures Brisbane office on high yield
Clarence Property Group is the latest fund manager to make a counter-cyclical Brisbane CBD office play. After 12 months on
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Salvation Army sells historic church
EXCLUSIVE The Salvation Army has sold a prominent Essendon church – Moonee Valley’s second oldest – to a local business
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Government sells two Canberra plots
The Suburban Land Agency has sold two prominent sites to developers expected to deliver hundreds of apartments. In the biggest
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Unexpected buyer swoops on disaster recovery centre
Westpac has sold a Sydney data centre turned disaster recovery facility for $23.05 million. The five level, 5629 square metre
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Fund manager snares Perth data centre
Centuria has bought a 15 year old Perth data centre for the Industrial REIT (CIP). The two storey facility on
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Centuria sheds another Canberra asset
Centuria has sold a Canberra warehouse held eight years by its Industrial REIT (CIP). The Grace Removals occupied asset with
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Pepsico commits to Adelaide warehouse
Charter Hall has secured Pepsico to Adelaide’s Edinburgh Logistics Park. The Smith’s Snackfood Company parent has signed up for a
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Charter Hall sells Adelaide office
Charter Hall has quietly sold an A-grade Adelaide CBD office after an unsuccessful public marketing campaign early last year. The
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RF Corval scoops up west Sydney warehouse
EXCLUSIVE RF Corval has bought its third major industrial investment in two months. At Villawood, it is also the second
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Heritage home set for childcare centre conversion
A heritage protected red brick home described as one of the best examples of a Queen Anne villa in Melbourne’s
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Charter Hall lists childcare centre with development upside
Charter Hall is selling one of the more valuable childcare centres from its Social Infrastructure Fund (CQE), in Sydney’s Cremorne.
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Revelop secures another strata titled shopping centre
Revelop has swooped on a near new strata titled shopping centre after a significantly more valuable deal to Centuria managed
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ISPT offloads Northern Beaches mall
ISPT has sold a Northern Beaches shopping centre for about $60 million – the price it paid nearly 10 years
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Flux flicks mall for record yield
Flux Property Group has sold the IGA-anchored Dockside Village, in Pelican Waters, which opened early this month. The off-market deal
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Billionaires lease office prior to completion
Recently anointed billionaires Doug Clarke and Grant Petty have leased a distinctive near-complete South Melbourne complex for their Blackmagic Design
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Daniel Besen, Pask swap permit-ready development site
After receiving approval to replace it with a five level family office (artist’s impression, top), businessman and developer Daniel Besen
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Gretel Packer rescues historic theatre from redevelopment
Gretel Packer has bought an 85 year old Art Deco theatre once owned by George Miller and before that, Metro-Goldwyn-Mayer.
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Council offloads problematic aged care complex
The Kiama Municipal Council is a step closer to selling the problematic Blue Haven Bonaira aged care home and independent
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Family home of late VFL legend for sale
A Toorak apartment purchased in the 1970s by late Collingwood footballer Lou Richards and his wife, Edna, as a family
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MA Financial sells Adelaide medical centre, office
MA Financial has divested a north Adelaide health hub acquired with its buyout of Ascot Capital Limited assets three years
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Historic Southbank building to be refurbished, site developed
After a surprise setback – for a setback – Geno Hubay’s MONNO has been approved to regenerate a spectacularly located
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Spanish engineering giant sells under-utilised industrial site
EXCLUSIVE Engineering giant Acciona has sold a north west Sydney industrial holding for 10 per cent less than expectation when
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Heavyweight new retirement living group picks up landmark site
Keyton, formerly known as Lendlease Retirement Living, has bought a prominent, part heritage protected 1970s office and laboratory with plans
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Developer buys another Victorian farm
Jinding has swooped on another farm beyond Melbourne’s northern outskirts with plans for a major housing estate. Warden Park, covering
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Blackstone swoops on Brisbane business park
Blackstone is replenishing its industrial portfolio, picking up a business park abutting Brisbane Airport from Dexus. The 3.43 hectare investment,
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Alceon buys another Brisbane office
Alceon Group – a diversified investor also holding businesses, including Décor – has swooped on an office in Brisbane’s Upper
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Salvo, Mark Casey settle on enormous Melbourne site, launch housing estate
Europcar founder turned apartment developer, Mario Salvo, via Salvo Property Group, with Casey Capital, led by businessman Mark Casey, have
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Revelop snares supermarket from Woolworths off-market
Woolworths’ development arm Fabcot has sold another recently completed supermarket-backed retail investment. The Kirrawee Shopping Centre, which it fought the
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Fund manager accepts discount on office, car park sale
Australian Unity has quietly shed another commercial investment from its Office Fund (AOF) – this time in Sydney. The vacant
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Arcana selling maiden Mackay asset
EXCLUSIVE Arcana Capital is selling its maiden Mackay investment after eight years. The off-market deal for 91 Connors Road, Paget,
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Bond family buy back historic hotel
Centuria has sold a historic Fremantle hotel picked up following its Primewest takeover three years ago. In a twist, the
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Record price paid for Tasmanian mall
The only neighbourhood shopping centre south of Hobart – Channel Court at Kingston – has sold for a state record
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Agfam adds inner-city office to portfolio
A small office in Brisbane’s inner north east Fortitude Valley sold between local investors for $3.9 million. Containing 419 square
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Near new Melbourne hotel sold, set for rebrand
The Brady family’s Amber Property Group has sold the three year old Sebel Melbourne Ringwood which will now be transformed
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Melbourne council locks up prominent site for park
EXCLUSIVE Another council will invest developer contributions on a locked-up site to repurpose as a park. The City of Melbourne
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Chemist Warehouse executives buy prominent Melbourne corner
Chemist Warehouse directors have swooped on what is arguably suburban Melbourne’s most prominent commercial corner – at this stage to
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MAB wins long battle to develop tip buffer site
On its first attempt with the planning minister, MAB Corporation has won a long battle to develop a prime infill
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Sydney warehouse quietly sells for $40m
A Canada based family office has purchased a 1.8 hectare Prestons investment – negotiating directly with the vendor. Represented by
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Self storage giant secures maiden Queensland asset
EXCLUSIVE Singapore based StorHub is powering through its $460 million budget for local product snapping up a distribution centre in
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Melbourne childcare centre to set per place record
A south east Melbourne childcare centre, the delayed construction of which saw a sunset clause come effective for the high
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Lendlease, Mitsubishi eye historic Sydney sites for apartments
Lendlease and Mitsubishi Estate Asia are purchasing a prime inner east Sydney amalgamation with plans for luxury apartments. The 1739
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Elanor sells Hobart shopping centre
Elanor Investors Group has sold a north Hobart shopping centre for nearly five per cent less than book value. The
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Pilbara Coles finds buyer
EXCLUSIVE A Pilbara region Coles – the only full line supermarket within a 275 kilometre radius – has traded between
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Nelson Meers, Francis Venues swoop on Sydney hotels
Redcape has shed three more hotels banking a total c$136 million. In the biggest deal, Sonnel Hospitality, a new arm
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Riverside Parramatta plot sells off-market
An under-utilised predominantly vacant office occupying a prime riverside spot in Parramatta’s CBD has sold off-market. The result for 60
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