Asian investor snaps up waterfront restaurant
An Asian investor has snapped up a prominent former restaurant, overlooking Port Phillip Bay and the city, in the heart
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Author: Marc Pallisco
Garda sells trophy Cairns office
Garda Property Group has nearly completed the sale of a trophy North Queensland office. The deal for the Cairns Corporate
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Landmark Brighton pile sells after three years
The family of Bruce and Judith Terry have sold Brighton’s landmark unrenovated Teychel (pictured, top), nearly three years after it
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Billionaires up bids for casino, hotel
Billionaires Chris Morris and Sam Arnaout are still competing for Cairns’ Reef Casino Hotel. Today the ASX-listed Reef Casino Trust
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Stockland secures golf course for $3.5b logistics precinct
Stockland will replace a former golf course west of Sydney Airport with a $3.5 billion multi-storey logistics precinct after striking
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Asset managers trade outer Perth mall
ISPT has shed another neighbourhood shopping centre from the Retail Australia Property Trust (IRAPT). Brighton Village at Butler, 41 kilometres
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Japanese giant spends $23m for Melbourne BTR site
Osaka based Kanden Realty & Developments with Novus has snapped up a prominent corner site for a build to rent
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US timeshare giant snares tropical Queensland resort
Melbourne businessman James Neville Smith has sold the Castaways Resort & Spa at Mission Beach after eight years on and
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MEX founder sells swank Brisbane office
EXCLUSIVE Nine months since selling MEX Maintenance Software to Silversmith Capital Partners, Steven Ninnes has sold its headquarters. The executive
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Cube, Eureka swoop on Queensland tourist parks
Two Queensland tourist parks sold this month to buyers planning a repurpose. In Caloundra, Cube Developments has paid $10.775 million
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Ex-Melbourne IVF HQ sold
Henkell Brothers has sold a prominent city fringe building for years until May home to Melbourne IVF. The three level,
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BlackRock, Wentworth drop $200m for Sydney business park
BlackRock and Wentworth Capital have bought a third property for a $1.5 billion Life Sciences platform announced last year. The
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Leyton sheds Adelaide medical centre
Adelaide asset manager Leyton Properties has sold a medical centre after four years, a major renovation and a new round
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BlackRock, Cromwell trade office stake
BlackRock has snapped up the 50 per cent stake it didn’t control of a north Sydney office investment with development
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Healthscope sells ex-rehab centre
A former rehabilitation centre listed by Healthscope in May – weeks before it went into receivership – has sold. Ivanhoe
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Victorian Electoral Commission leases suburban office
The Victorian Electoral Commission will take over the lease of a prominent suburban Melbourne office/warehouse previously occupied by the Australian
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Developer buys piece of ex-Carlton & United Breweries site
SP Setia has snapped up neighbouring Carlton blocks, for years part of the ex-Carlton & United Breweries, now mostly replaced
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Dexus buys stake in Australia’s second biggest mall
Dexus has bought a quarter stake in Australia’s second biggest shopping centre, outlaying $683 million. The off-market deal affecting Westfield
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Hong Kong giant picks up business park mid-construction
A private investment arm of Hong Kong listed Link REIT is buying its first Australian property – a business park
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Sunshine Coast Woolies collects $13.8m
Interests associated with the state’s Hutchinson Builders have collected $13.75 million from a recently refurbished and relet Woolworths at Maleny,
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Gateway secures two tenants to Laverton North
Gateway Capital has secured two leases – all up covering 5700 square metres – for an industrial complex in Melbourne’s
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Developer swoops on dormant hotel
The historic but empty Kings Head Hotel, in the heart of town, has been purchased by local residential developer AA
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Ausgrid sells another substation
Ausgrid has sold a recently decommissioned substation metres from the water, at Woolloomooloo. Also next to the recently extended Art
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Prestige school lists childcare centre with leaseback
Scotch College Adelaide has listed a new childcare centre with a long leaseback. The 89-place complex, 77-79 Suttontown Road, Suttontown,
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Time & Place doubles down in Northcote
Time & Place has settled on a major Northcote industrial investment with plans for a residential redevelopment. The 1.78 hectare
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Sterling Buntine sells Queensland aggregation
Cattle baron Sterling Buntine has sold the Tulmur aggregation, in central west Queensland, three months after it was listed. Two
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James Packer backs another apartment project
James Packer, who since selling out of Crown Resorts in 2022 has been dabbling in, amongst other ventures, property development,
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Socceroos doctor sells another Woolies
Sports doctor Peter Brukner has sold another supermarket bought with a leaseback from Woolworths’ development arm, Fabcot. Following an off-market
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Brisbane servo fetches $8.6m
Waypoint REIT, formerly Viva Energy REIT, has banked $8.556 million for a prominent service station south of Brisbane. The deal
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Offshore investor buys trophy suburban showroom
A prominent showroom at one of south east Melbourne’s busiest corners has sold to a Chinese investor. Covering 760-770 Stud
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Asset manager buys Bondi Beach shops with development plan
Initium Capital is seeking investors to buy neighbouring Bondi Beach shops covering c1800 square metres with significant medium-term development upside.
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Not for profit sells 19 aged care assets
Adelaide based not for profit ACH Group, or Aged Care & Housing, has sold 19 assets to Aspen Group. Worth
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Developer spends $55m for riverfront Melbourne site
An enormous development site abutting the Yarra River in Melbourne’s inner east, with plans for two apartment towers, has sold
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Coronation buying data centre site for apartments
Coronation Property is the second developer this week to pick up a major commercial investment with plans for apartments. The
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New university signs Adelaide’s biggest office lease this year
The new Adelaide University has signed another major lease deal, this time for an office once owned by Dexus, at
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Gibbens divests Newcastle LFR investment
Gibbens Group has trebled its outlay selling a Newcastle large format retail investment after 11 years. The 1.27 hectare Bayside
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GemLife buys eight land lease communities
GemLife, which listed on the ASX July 3, has bought land lease community developer Aliria. The $218 million deal includes
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Transport giant leases Melbourne hardstand for parking
McColl’s Transport has leased just over an acre of hardstand on the same street as one of its facilities, to
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Universal, Sue Cameron swap Sydney pubs
The Kospetas family’s Universal Hotels has sold the leasehold to the the Newtown Hotel (pictured, top) to Sue Cameron in
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Civilmart manufacturing plant sold
Baron Vanilla Asset Management has picked up a four year old manufacturing plant built by occupier Rocla, which was later
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Charter Hall sheds Riverina supermarket
Charter Hall has sold a supermarket at Cootamundra, in the Riverina, also the South West Slopes. On 8127 square metres,
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German waste manager secures land to expand
Germany based waste manager Remondis has bought Perth sites opposite each other, to occupy, maybe. The 4.7 hectare industrial amalgamation,
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Grollo family sell popular alpine hotel
The Grollo family has shed a high profile investment from its significant alpine property portfolio. The two level strata titled
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Medical executive buys Melbourne office
Rodney Aziz has bought an office near the headquarters of Family Doctor, his business which in April attracted a $300
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Mandala snaps up hinterland retreat with revamp plan
Mandala Hotels & Resorts has bought a Brisbane hinterland spa and vineyard with plans to convert it to a “world
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Centennial sells distribution centre, winds up fund
Centennial has sold a south Brisbane logistics estate after nearly nine years. The asset manager is banking $19.1 million for
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Co-living giant drops $32m in Sydney
The Living Company – a new Scape brand – has bought an inner south Sydney industrial amalgamation with plans for
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Nick Williams buys Melbourne shops, apartments
Nick Williams, who heads the Hudson Conway business his father, Lloyd, co-created, has snapped up a high-profile mixed-use asset at
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Developer doubles down in Mosman
Abadeen, led by ex-AFL footballer and CBRE agent, Andrew Leoncelli, has purchased another Mosman development site. The holding, neighbouring dwellings
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Receivers sell historic Paddington pub
Receivers have sold another asset once part of the Public Hospitality stable. Paddington’s Three Weeds, formerly known as The Rose,
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ESR divests Eagle Farm warehouse
ESR, which was privatised last week, has shed a relatively small asset. Andrew Northcott’s privately owned investment group, Wattlestone, secured
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Not for profit sells outgoing Sydney HQ
The Australian Foundation for Disability, or Afford, has sold its outgoing Minchinbury headquarters, also the Australian Disability Enterprise supported employment
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Cairns motel fetches $10m
Sydney based Quay Wholesale Fund Services has snapped up the freehold going concern of a modern hotel – outlaying just
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Operator buys high profile bowling alley
Tenpin bowling operator General Public has snapped up an established Melbourne venue being marketed to developers. The Zone Bowling Moorabbin
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Charter Hall sells office turned childcare centre
Charter Hall has sold an office turned childcare centre in Melbourne’s south east for $12.5 million – a low 4.99
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Brisbane town centre site fetches $31m
A major site next to the Park Ridge Town Centre, south of Brisbane, has sold for $31 million. The 21.2
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Aviator buys game processing plant
Aviator Capital has purchased a game processing plant and cold storage distribution centre three kilometres west of Ipswich. The 6350
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Corval, Dexus trading technology park investments, land
Dexus Industria REIT – which replaced the APN Industria REIT that merged with Dexus in 2021 – is selling the
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Receivers sell another Jon Adgemis asset
Receivers have moved another asset held by Jon Adgemis’ Public Hospitality Group. The c1888 Town Hall Hotel in Balmain –
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Aware, Barings boost BTR portfolio
Aware Super is teaming with Barings to buy a build to rent complex, under construction, with 366 dwellings. The deal
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Myer sells historic store
Myer Group has sold a historic store with a leaseback. Following a campaign launched last October, which found a buyer
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ISPT sells Blue Mountains shopping centre
ISPT has sold Katoomba Village – in the Blue Mountains – which it bought new from the developer and anchor
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AVC snares waterfront Hervey Bay bar
Australian Venue Co, it is speculated with Charter Hall, has quietly bought the freehold going concern of a popular Hervey
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Bunnings upgrades, upsizes in Melbourne’s south east
Bunnings has renewed and extended its distribution centre tenancy agreement at a Salta estate south east of Melbourne. Following the
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Finbar to buy apartment site from JV partner
Finbar is acquiring the balance of a 1.36 hectare block abutting an apartment project it sold out. The 50 per
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Singapore giant buys historic Melbourne hotel
Singapore based Fragrance Group has snapped up the historic Savoy Hotel on Little Collins Street. Following an off-market deal worth
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Cleanaway sells high-profile Melbourne tip
EXCLUSIVE Cleanaway has sold a high profile Melbourne tip, closed for toxic waste in 2008 after 30 years and now
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Benstead Holdaway buys Banyo warehouse
Brisbane based Benstead Holdaway Private Capital has snapped up an Australia TradeCoast investment off-market. The 8140 square metre Industrial 1
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Ex theological college sold for apartments
West Leederville is set for a twin tower project with a total 240 apartments following a permit-ready site sale to
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Asset manager doubles down in Penrith
ME Investments – established by Marcel Elias, for 18 years until 2022 the owner of the country’s most successful LJ
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Industry association picks up another office
Australian Childcare Alliance is the latest industry group to buy an office to occupy. The not for profit association has
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AsheMorgan, Centuria trade east coast industrial investments
AsheMorgan has bought two leased industrial investments from Centuria. In the biggest deal, the pair traded 40 Decco Drive, Campbellfield,
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Investor swoops on Asahi backed food bowl warehouses
Two warehouses within four kilometres of each other in regional South Australia have sold. One investor swooped on the two
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Asahi to switch HQ within Southbank
Asahi will upgrade from its long time, low rise headquarters at 58 Queens Bridge Street, Southbank, to a skyscraper in
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Region offloads SA Bunnings
Region Group – until late 2022 known as SCA Property Group – is the latest institution to shed a fully-leased
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Steel giant expands in Northgate
Watkins Steel has added another Northgate property to its book. Following an off-market deal, the steel fabricator picked up 103
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Apartments set for Gladesville shopping centre, surrounds
Third I will replace the tired Gladesville Shopping Centre and sites around it – all up 1.4 hectares – with
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Tartak family shed 3M warehouse
Pittwater Industrial has snapped up a fully leased west Sydney investment for $18.25 million – a low 4.71 per cent
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Ex-American Express HQ sells again
The boutique Elizabeth Street building with a ground floor shop beneath four levels of offices, for years part occupied as
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Historic Melbourne House sold, set for refurb
Roxy Pacific has sold the historic Melbourne House, also the former Leo Cussen Centre for Law headquarters, after eight years.
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