Investor swoops on Seddon’s “best retail asset”
A particularly securely leased strip retail investment in Melbourne’s inner-west has sold for $6.25 million. The deal for the Happy
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Author: Marc Pallisco
Glenn Piper boosts pub portfolio
Glenn Piper has added another regional New South Wales pub to his book. The Bermagui Beach Hotel and neighbouring Beachview
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Investors drop $35m on childcare centres
Investors have spent close to $35 million on childcare centre investments in recent weeks. In the biggest deal, a 110
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Mackay assets fetch $51.5m
Two major Mackay properties – one residential, the other industrial – traded for a total $51.5 million this month. In
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Byron Bay’s Beach Hotel changes hands again
MA Financial has quietly sold Byron Bay’s Beach Hotel to a minority shareholder of the entity which has owned it
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Centuria sheds two NSW malls
Centuria has sold two more assets held by small funds. Primewest Belmont Citi Centre, south of Newcastle, will exchange for
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Woolworths formalises Eastern Creek pre-commitment
In the second major industrial pre-commitment this week, Woolworths has signed up for a 93,000 square metre fulfilment centre, in
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Asset manager flips Brisbane warehouse for premium
A Sydney based asset manager has sold a vacant Brisbane industrial asset after nearly two years. Precept Property Partners will
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Ex-Macquarie boss buys Surfers Paradise retail, entertainment complex
Boston Global Group, established by ex-Macquarie chief Bill Moss and co-run with daughter Natalie Cooney, has teamed with The Property
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Adelaide manufacturing plant trades for c$30m
A north Adelaide manufacturing plant leased to Bianco Walling, owner of Bianco Precast, has found favour with a private investor.
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Ex-Hughes Gallery, now BMG HQ, sold after 33 years
EXCLUSIVE The family of late art dealer Ray Hughes has sold a c1914 warehouse turned office investment in Sydney’s Surry
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Investor swoops on land rich manufacturing plant
An investor forked out $25,088,000 for a major Melbourne industrial asset. The result for the recently updated, already modern manufacturing
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Centuria banks $56m from south east Queensland warehouses
Centuria has sold three south east Queesland industrial investments on behalf of single asset funds. The deals for 76 Quinns
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Amart founder sells showroom turned AEC office
EXCLUSIVE Amart founder, billionaire, John Van Lieshout, has sold an outer northern Brisbane showroom turned temporary office, leased until December to
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Victorian car yard portfolio fetches $34.5m
A Plantation Capital managed fund has snapped up the third and last property in a portfolio of neighbouring regional Victorian
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Council, Visy trade ex-Norske Skog paper plant
Visy has flipped the landmark ex-Norske Skog Ettamogah paper mill after deciding against occupying, it was speculated, to produce laminated
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Bill McNee lists swank $30m Melbourne home
Property developer and investor Bill McNee is quietly upgrading from his $30 million South Yarra mansion. The executive is believed
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Kmart commits to 100,000 sqm distribution centre
Kmart Group has pre-committed to a 100,000 square metre omnichannel fulfilment centre in Sydney’s west. ESR will deliver the c$500
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Sydney police station sells for $17m
A local investor has splashed out $16.75 million for a four level police station in Sydney’s west. The result for
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Reading sells major retail, entertainment complex
Reading Group has sold the Cannon Park Entertainment Precinct at Thuringowa Central, in Townsville’s south west. The cinema, ten pin
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Glen Waverley warehouse trades on 1.86pc yield
Adjoining Glen Waverley warehouses – two of 40 freehold properties in the middle-ring suburb’s industrial precinct – offered as one,
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Andrew and Nicola Forrest permitted to replace Perth mall
The Fiveight investment vehicle co-owned by Andrew and Nicola Forrest has won approval to replace the site of Perth’s ex-Carillon
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Kool Beanz partners with AFL club for maiden Victorian childcare centre
Kool Beanz and Western Bulldogs will trade from a childcare centre at Footscray Hospital, due to open late this year.
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Control of AV Jennings to change again
Legal & General has bought a 75 per cent interest in real estate investor Proprium, which in Australia controls Avid,
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Ex-AFL chief lists renovated Melbourne mansion
Former AFL chief executive officer Andrew Demetriou and his wife, Symone Richards, have listed their 1930s Marcus Martin designed home.
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Australian Unity sells $238m fund
Australian Unity has sold the Property Income Fund to Newmark Capital, led by ex-AFL player, Chris Langford. The deal will
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Toyota dealer buys Brisbane site
An entity associated with the Scifleet family – which retains several south east Queensland Toyota dealerships – has bought a
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MA Financial snaps up IP Generation
MA Financial Group is buying Chris Lock’s seven year old asset management business IP Generation. In the surprise deal, worth
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Asset manager buys Canberra growth corridor retail investment
Elanor Investors Group has sold a five year old retail investment opposite the Belconnen Fresh Food Market. The two neighbouring
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Agincourt Hotel sells after 25 years
A consortium including ex-publican Terry Reichel has sold Haymarket’s Agincourt Hotel after almost exactly 25 years. The c1898 three level
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Salter announces REIT, return of Regent Hotel brand
Salter Brothers plans to list a hospitality fund within 18 months after unveiling a property contribution and management agreement deal
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Developers swoop on Lower North Shore apartment sites
EXCLUSIVE Two Lower North Shore apartment building blocks have sold to developers in deals worth just over $100 million total.
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Bunnings, Dats pre-commit to Brisbane business park
Charter Hall has pre-committed two high profile businesses to its enormous Flagstone Logistics Estate, at North Maclean. In the biggest
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Energy company sells HQ with leaseback
Magellan Power has sold its Perth headquarters with a three year leaseback – time it plans to build a replacement.
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Lululemon to switch flagship Perth store
Lululemon will open a flagship West Australian store on the ground level of a Cbus Property office – abutting the
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WA syndicator buys Ballarat health and LFR hub
HMC Capital has sold a prominent essential services focused large format retail centre in Ballarat’s Wendouree, off-market. On behalf of
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Stockland fills half of maiden multi-level distribution centre
Glassons has leased the second floor of Stockland’s first multi-level industrial investment, set to start construction in Sydney’s south. The
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Ghassan Aboud begins building, brands first ACT hotel
Syrian born Dubai-based billionaire businessman Ghassan Aboud has kicked off construction and branded what will be his first ACT hotel,
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Council pays record price for office
The City of Gold Coast is buying the balance of the Gold Coast Corporate Centre – at Bundall. In what
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Orica lists four more pieces of landmark Melbourne site
Orica is moving to sell four more pieces of its landmark former explosives factory, in Melbourne’s west Deer Park. The
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Hale snaps up another Brisbane industrial estate
Dexus has sold a major south Brisbane industrial estate after over two decades. The 3.46 hectare holding with c17,000 square
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Developer buys Sydney growth corridor apartment site
Level 33 has snapped up a Sydney growth corridor site with plans for six apartment towers and retail. The 2.17
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Australia Post to develop six regional distribution centres
Australia Post is set to develop distribution centres on six regional New South Wales site it owns. The group is
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Quick service retail investment collects $11m
Firefly Property has sold the Deagon Travel Centre, north of Brisbane, after seven years. The division of asset manager and
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Centuria, BGO seed partnership with three Sydney warehouses
A partnership, 95 per cent backed by BGO Close with the balance and management controlled by Centuria, has acquired three
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Ipswich social housing project fast tracked
A seven level social housing complex has been approved in four months – the first project permitted under the state
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Cadence, PGIM snare Sydney intermodal facility
Cadence and PGIM have acquired an intermodal facility west of Sydney off-market. The 9.89 hectare site, 2 Forrester Road, St
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Heavyweight developers secure funding for multi-storey logistics facility
Nuveen has provided a $205 million senior loan for the delivery of a multi-storey logistics facility in Sydney’s west Rosehill
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IP Generation buys back into Geelong
Chris Lock’s IP Generation has quietly picked up the rundown ex-Ray’s Outdoors outlet in North Geelong. The 5564 square metre
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Tesla leases prominent regional showroom
Tesla has expanded in New South Wales, leasing a prominent ex-Isuzu showroom, at Newcastle West. The NYSE-listed EV producer, co-founded
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Energy giant sells ex-substation to BTR developer
Build to rent developer and investor apt.Residential, backed by Dutch pension fund PGGM, has doubled the size of a prime
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Developer doubles down in Sydney growth corridor
Seven months after paying Bathla $42 million for an eight hectare farm – part of a major urban renewal precinct
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West Melbourne servos trade for $18m
Two modern service stations in Melbourne’s west sold this week. The highest profile vendor was OTR founder the Shahin family
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Repurpose of ex-Balmain Leagues Club closer
A residential-based mixed-use redevelopment of the former Balmain Leagues Club is a step closer – the $800 million project today
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Goodman snares major Melbourne industrial estate
Goodman has added another major investment to its portfolio. This time, the ASX-listed group is buying the going concern for
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Vicland lists lux Toorak office
Bill McNee’s Vicland has listed one of suburban Melbourne’s most successful new office developments – at Toorak. St Germain at
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ISPT buys another Townsville shopping centre
Clarence Property Group has made a significant capital gain selling Townsville’s North Shore Marketplace after four years. The 2.9 hectare
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NZ fund manager sells major Adelaide industrial investment
Silverfin Capital has sold a major Port Adelaide industrial investment after nearly four years. The New Zealand based asset manager
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United Greek-Australian charity sells major Sydney site to developer
Castle Group has bought a major Sydney housing estate block from Hellenic Village – which represents 21 Greek community associations.
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CSR Limited sheds another site
CSR Limited has shed another asset, this time in Brisbane’s Albion. The 2432 square metre Industrial 1 zoned block with
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Government shelves South Brisbane broadcast centre plan
The state government has abandoned plans to replace South Brisbane’s outgoing Visy Glass factory as the 2032 Olympics International Broadcast
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Conquest buys Eastlakes Shopping Centre with development plan
Michael Akkawi’s Conquest has swooped on another permit ready residential-based mixed-use development site. Eastlakes Shopping Centre, six kilometres south of
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Puma sells Melbourne HQ
Puma has sold its middle-suburban headquarters of 45 years ahead of a move to the city fringe. The sports product
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Goodman buys Gibson Island
Dyno Nobel, known until December as Incitec Pivot, has sold Gibson Island to Goodman Group. The 58 hectare Murrarie parcel
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Site of Australia’s first La Porchetta for sale
EXCLUSIVE The collection of Rathdowne Village buildings until last February accommodating Australia’s first La Porchetta, has been listed for sale.
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US billionaire buys major Melbourne shed
Centuria, for a mandate backed by Starwood Capital, co-found by US billionaire and global real estate investor, Barry Sternlicht, has
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Aged care approved for another golf course site
The owner of the 88 year old Cumberland Country Golf Club at Greystanes, with investment house and developer, Pariter, has
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Developers buys farm for ‘rural homes’ estate
WT Malouf and Rebus Property have snapped up an 11 hectare piece of Southern Tablelands farm, Cleanskin, with plans for
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Argus, Kaipara divest another ex-Masters
Argus Property Partners and Kaipara Property Group have turned another major profit selling a Masters-converted-large format retail centre after a
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Strata owners unite to sell Potts Point hotel
An Art Deco hotel in Sydney’s inner east will be converted to a build to rent investment after the 73
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Woolies approved to replace ex-reception centre
Woolworths’ development arm Fabcot has been permitted to replace a recently razed Melbourne function centre with a two storey mall
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Liberman family snap up Melbourne housing estate site
Monark Property Partners, backed by the Liberman family, and Resolution Property Group, have snapped up neighbouring blocks north of Melbourne
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Melbourne Uni lists historic Cumnock mansion
The University of Melbourne is selling Parkville’s historic Cumnock after seven years. On 1376 square metres at 160-162 The Avenue,
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Peter Terry Group sells major Bathurst car dealership
The Peter Terry Group has offloaded a major Bathurst car dealership. On 1.47 hectares with a 3120 square metre showroom
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EG sheds National Archives Office after green refurbishment
EG Funds has sold the Crown leasehold interest of the National Archives Office, developed in 1926 as the Secretariat Building
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Arena lists childcare centre leased to 2055
Arena REIT has listed one of the most secure investments on its books – a Melbourne childcare centre with an
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Coles banks $75m from Adelaide mall
Coles has sold Adelaide’s Kurralta Village shopping centre to the Taplin Group. An extension is now planned for the Anzac
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Historic State Theatre fetches $13.6m
North Hobart’s c1913 State Theatre and the neighbouring ex-Soundy’s department store, c1883 – amalgamated and now a major cinema and
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Permit-ready Surry Hills office fetches $16.5m
A triple storey Surry Hills office permit-ready for a seven level residential complex has sold off-market. The incoming owner, a
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Ennismore chooses Melbourne for maiden Australian Hyde hotel
London-based Ennismore has leased a near new Melbourne CBD hotel for its maiden Australian Hyde. The group has chosen 124-134
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