Abacus spends $8.6m on Cockburn Central self storage investment and development site

Abacus Property Group is spending $8.6 million on a self-storage investment in Perth’s south Cockburn Central. The 1.7 hectare property, 854 North Lake Road, was listed during COVID-19 conditions with JLL’s marketing agents saying they, the vendor and purchaser effectively worked from home to complete the deal. The asset contains four buildings with a total

Read more

Elanor pays Vicinity wholesale fund $60m for Queanbeyan shopping centre

Elanor Investors Group today confirmed it acquired Queanbeyan’s Riverside Plaza for $60 million – describing the price as below replacement cost. The listed fund manager intends to develop surplus land and repurpose a one year old vacant Target tenancy for medical and health use. This would leave Coles the only anchor within the double storey,

Read more

Sector sells Ringwood VicRoads testing centre for $9.3m, lists Huntingdale office/warehouse

Sector Property Group has sold a Ringwood office after snaring a pre-commitment from VicRoads. Under construction abutting Eastlink, 93A Heatherdale Road (artist’s impression, top) is trading to a Chinese buyer for $9.3 million following a deal negotiated by Savills’ Jesse Radisich and Benson Zhou. Based on the starting net rent ($469,580), the disposal was struck

Read more

Adelaide’s ex-Calvary Wakefield Hospital set to make way for state of the art health and medical precinct

Pelligra Group has paid Cromwell $30 million for Adelaide’s recently vacated Calvary Wakefield Hospital, with plans to fit it out as a state of the art health and medical precinct. The 8712 square metre holding at 264-300 Wakefield Street, adjacent to Rymill Park, cost the vendor $50m in 2017. With four street frontages, it contains

Read more