Developer sells new KFC, car wash
POD Developments has sold an 18 month old convenience retail investment in Brisbane’s south west Richlands. Richlands Marketplace, spreading 1.58 hectares
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Author: Marc Pallisco
New fund manager drops $20m for Melbourne showrooms
Year old asset manager Kinglake Group has made its biggest play yet – picking up a bulky goods investment in
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Amora digs deep for Adelaide Hilton
Amora Hotels & Resorts has snapped up the Adelaide Hilton, which was listed late last year for the first time
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Super Retail Group HQ fetches $56m for Centuria
Centuria has sold a prominent Moreton Bay office developed six years ago for Super Retail Group, which still occupies. The
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Blackstone scoops up another Brisbane business park
Blackstone has added another older business park to its book – choosing Brisbane again. The Arcadia Industrial Estate at Coopers Plains
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Goodman divests ex-Mosaic Brands HQ
Goodman has sold a sprawling Rosebery office – until recently the headquarters for failed fashion retailer, Mosaic Brands. The five
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ASX group sheds mall, pubs via company stake
Fortitudo Group has snapped up five east coast assets from ASX-listed Eumindi Group (EGB) – outlaying $77 million, doubling the
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Jon Adgemis receiver sells historic guesthouse for modest profit
Millbrook Group, as mortgagee in possession, has sold Darlinghurst’s historic Manor House. The unrenovated two level inn with 19 suites
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Arrow splits, sells Brisbane industrial asset
Arrow Capital Partners has ended in the black selling a Brisbane industrial asset held three years. After paying $32.12 million
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Lendlease eyes Sydney office for apartments
Lendlease is believed to be back in negotiations for a prominent CBD office permit-ready for a two-tower residential project. The
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ICD sells slice of $400m Market Square
ICD Property has quietly agreed to sell a piece of its $400 million Market Square project – replacing the Adelaide
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Developers trade ex-Balmain Leagues Club
The dilapidated former Balmain Leagues Club at Rozelle has traded between Asia backed local developers. Following an off-market deal, the
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Ex-Fosters chief lists lux Melbourne apartment
Former Fosters chief executive officer Peter Bartels – who owns the Victorian ‘1’ number plate, speculated to be worth over
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Salta accepts discount for city office
Salta Properties has finally moved a small CBD office but for far less than hoped. The ex-ASF House, later known
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ISPT divests maiden Brisbane mall
ISPT has sold a north Brisbane shopping centre after nine years. Bracken Ridge Plaza at Bracken Ridge collected $39.39m following
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Cambridge buys another office converted uni
Terraform Capital has sold a fully leased Sydney CBD office for $111.58 million – $220,000 less than its 2018 outlay.
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London asset manager buys major Melbourne student accommodation complex
M&G Real Estate has swooped on a major student accommodation investment in Melbourne’s inner north. The Unilodge Royal Park or
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SC Capital, UNSW trade student accommodation complex
UNSW Sydney has acquired the Jacaranda Hall student accommodation complex it tenants, near its Kensington campus, in the city’s inner
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Major fund manager enters new sector with two Gold Coast assets
Real Asset Management is recording a loss selling two Gold Coast clinics after three years. The Highlands Medical Centre and
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Redcape snares new growth corridor pub
Redcape is continuing to boost its portfolio after a surprise shedding in 2023. The manager of the recently delisted MA
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Occupier to shift Brisbane HQ after $4.2m buy
Norhart Developments will shift headquarters from rented accommodation in the CBD to an owned suburban office. The developer and asset
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MacLachlan family sell Australia’s biggest sheep station…again
The MacLachlan family has found another buyer for Australia’s largest sheep station after billionaire Andrew Forrest’s Fortescue Metals withdrew a
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Molti acquires two Melbourne lux apartment sites
Bryon Bay developer Molti has picked up two Melbourne blue ribbon suburb apartment sites – its first properties in the
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Asset managers trade Monash office on double digit yield
Prime Value has divested a major Monash office after 10 years. The asset manager is banking $25.175 million for 700
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Another Melbourne childcare centre fetches eight figures
A modern childcare centre in Melbourne’s leafy south east has traded for $10.795 million – or $80,000 a place. The
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Sydney group secures Melbourne farm after rezone
CVC Limited, as a majority backer, will buy a major Melbourne growth corridor industrial development site following a rezone. The
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Developer outlays $44m for Melbourne industrial site
A prominent west Melbourne site will be developed at last after selling to local commercial builder Maximise Group. The 12
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Aged care giant buys Brighton site
Arcare has snapped up Brighton’s former Epworth Rehabilitation Hospital and three adjoining residential lots, with plans for an aged care
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Toy giant to shift HQ within Melbourne’s suburbs
Headstart International, established in 2007 and now one of the country’s largest toy makers, will switch its headquarters within Melbourne’s south
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Jack Merlo to flip another Toorak pile
Landscape architect Jack Merlo has listed a sprawling Toorak home after three years. The gardener and his husband, Ricardo, are
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Blackfox drops $27m on Toowoomba assets
Sydney based Blackfox Property has spent nearly $27 million for two Toowoomba retail investments. In the biggest deal, the fund
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Suzie Wilks, Judds list Mornington Peninsula estates
Former television and radio personality Suzie Wilks has listed a scenic Mornington Peninsula estate after four years. The four hectare
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Chinese group buys Sydney student accommodation complex
Shanghai based asset manager Morning Crest Capital, which invests outside of mainland China, focusing on residential based real estate, has
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Quarry owner seals planning, lease deals
Lofts Property, established by quarry and racehorse owner Paul Lofitis, nowadays run by son Peter, sealed two real estate deals
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Samma sheds another apartment site
Samma Property Group has quietly shed control of another high density residential site. The 1001 square metre Southbank holding, 65-71
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Fund manager sells major golden mile office
Australian Securities Limited has sold a major suburban Melbourne office/warehouse after nine years. In Nunawading, 4/98-104 Station Street is trading
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Growth corridor sales office fetches $3.7m for Mirvac
Mirvac has sold the two storey display suite for its Smiths Lane housing estate in Melbourne. The leaseback deal with
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Melbourne developer buys maiden regional Queensland site
Stockland has sold the balance of the incomplete North Shore housing estate at Burdell, in Townsville’s north west. The 900
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Total Tools pre-commits to more prominent Bundaberg showroom
Total Tools has pre-committed to a more prominent Bundaberg showroom two holdings from its current store. Majority controlled since 2020
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CFMG doubles down in Brisbane growth corridor
CFMG Capital has nearly doubled its low density residential development pipeline in Brisbane’s Waraba growth corridor – snaring a major
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Not for profit to sell historic mansion
Melbourne City Mission has listed for sale a landmark mansion developed with the Salvation Army in 1934 on one of
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Charter Hall sheds another childcare centre
Charter Hall has found an occupier to buy a Melbourne childcare centre facing vacancy next March. The 70-place complex, 43
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Julien Moussi snares historic Yarra Ranges pub
Café and bar owner Julien Moussi has bought another property to occupy, this time in the Yarra Ranges. In a
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Justin Hemmes buys council car park with redevelopment plan
Justin Hemmes’ Merivale has snapped up an eight level council car park in Melbourne’s Paris End with plans for a
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Bensons picks up Docklands apartment site
Bensons Property Group, which exited voluntary administration and receivership five days ago, has finalised the contract to buy a Docklands
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MPG buys, sells east coast investments
Melbourne fund manager MPG has bought and sold east coast investments for the Essential Services Property Trust. In the biggest
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Construction giant leases base with half-basketball court
Alfasi Group has leased a new headquarters with a half-basketball court, in Melbourne’s south east Hallam. The company, which maintains
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Bin hire giants bag west Melbourne warehouses
Victoria Skip Bins and Westlink Bin Hire have leased two warehouses on one site at Laverton North. The 5058 square
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Barristers’ Chambers Limited lists legal precinct office
Barristers’ Chambers Limited is parting with a prominent Melbourne legal precinct office after 33 years. The legal chambers at 180
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Melbourne Victory unveils first suburban training campus
Melbourne Victory will develop the first of four metropolitan training facilities at Beveridge, in Melbourne’s north. The football club will
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Buxton-backed developer buys Melbourne apartment site
Andrew Buxton backed apartment developer Valli has swooped on an inner-city Melbourne site ahead of the launch of an expressions
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TNT factory turned business park fetches $330m
Brookfield Properties has sold a three month old business park developed on an ex-Orica site, west of town. Connect Central
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Revelop secures another NSW mall
Charter Hall has sold another asset from the Retail REIT (CQR). Lake Macquarie Square at Mount Hutton near Newcastle fetched
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Frank Green chooses Melbourne for maiden store
Reusable cup brand Frank Green has chosen Melbourne for its maiden bricks and mortar store. The 10 year old business,
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Barber sells first of five unbuilt cold storage investments
Irongate has snapped up another major Sydney industrial investment – this time on a fund-through basis. The food processing and
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JV spends $100m for Brisbane business park
The recently formed KM Property Funds and PGIM Real Estate joint venture has secured another major investment. Following an off-market
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ISPT offloads warehouses worth $250m
ISPT has offloaded three east coast industrial investments banking a total c$255 million. In the biggest deal, the Rowe family,
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EG in the black after Ingleburn flip
EG has sold a south west Sydney business park after four and a half years. The fund manager finished in
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Besieged fund manager moves another asset
Elanor Investors Group (ENN) has moved another asset from its Hotel Accommodation Fund (EHAF). The besieged fund manager is banking
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Not for profit divests inner Brisbane sites
Mater has sold two South Brisbane retail investments some hundred metres from each other. The not-for-profit health group is banking
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Supplements giant drops $20m for Sydney site
Elite Supplements will relocate its headquarters from Canberra to Sydney after buying a site for an office and distribution centre.
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Adelaide servos fetch $25m for Shahin family
The Shahin family’s Peregrine Corporation, behind the OTR brand, has sold three Viva Energy backed service stations for $24.645 million
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GPT takes hit selling Melbourne mall stake
Petroleum entrepreneur and property investor, Nick Andrianakos, has swooped on another shopping centre stake – this time from The GPT
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Zeekr leases another Australian showroom
Chinese car maker Zeekr has leased another Sydney showroom. Via an assignment, the group has secured unit 2, 1037-1047 Bourke
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US aviation giant doubles down at Essendon Fields
Textron Aviation will more than double its footprint at Essendon Airport. The US based aircraft designer has committed to a
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World’s largest indoor vertical farm coming to Melbourne
The world’s biggest indoor vertical farm is coming to Melbourne after a pre-commitment by Daniel Tzvetkoff’s Stacked Farm. The 10,000
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Maples snatches blue ribbon Melbourne childcare centre from rival
Maples Early Learning has leased a Hawthorn East childcare centre after a commitment to a rival fell through. Starting net
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Prized Paris End shop for surprise lease
One of Melbourne’s highest profile and distinctive commercial properties is for lease after Coles made the surprise decision to vacate
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Tigers lease office ahead of Punt Road Oval redevelopment
EXCLUSIVE The Richmond Football Club has leased an office cooee of Punt Road Oval, which is set for redevelopment. The
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Publishing giant leases uber-green Melbourne office
US based real estate investment giant Hines has filled more of an uber-green office in Melbourne’s inner north east Collingwood.
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Coles heads to town for HQ
It will be the end of a four decade era in Melbourne office leasing circles with Coles making the surprise
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Centuria pays $115m for LFR investment
HMC Capital has quietly sold a significant asset from its HomeCo Daily Needs REIT. Logan SuperCentre, until recently known as
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Region banks $18m from Victorian mall
Region Property Group has turned a profit selling the Warrnambool Shopping Centre – until recently known as the Target Centre
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Billionaire toy maker sells another office for a loss
Billionaire toy maker Francis Choi has sold another Sydney CBD office for less than the price paid last cycle. The
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Garbage moguls bank $11m from Amazon warehouse
The founders of ASX-listed skip business Bingo Industries, which was bought by Macquarie Infrastructure and Real Assets for $2.3 billion
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Australian Unity banks $47m from medical centre
Australian Unity has sold another asset from its flagship Healthcare Property Trust. The 4996 square metre facility in Perth’s ritzy
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Troon buys major self storage facility to seed fund
EXCLUSIVE Troon Group will seed a self storage fund with a major Melbourne asset. The local group, also a builder
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Building giant leases two Melbourne warehouses
Fletcher Building has leased two office/warehouses five kilometres apart in Melbourne’s south east. The occupier chose the properties after investigating
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Wilmac banks $52m from Melbourne business park
EXCLUSIVE Local developer Wilmac has sold down a recently completed business park on the banks of the Maribyrnong River, in
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Upper Hunter shopping centre trades on 6.4pc yield
EXCLUSIVE A Coles-anchored shopping centre in the historic town of Scone – 25 kilometres north of Muswellbrook – has traded
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