Apartment developer snares Surry Hills motel
Surry Hills’ budget City Crown Hotel has sold to developer George Karageorge, director of Stasia, who is planning a residential
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Author: Marc Pallisco
Barwon swoops on St Kilda Road tower
Barwon Investment Partners has snapped up 607 St Kilda Road for its Healthcare Property Fund (HPF). The price – c$75
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UBS pre-commits to Charter Hall’s Chifley South
Charter Hall has secured Swiss financial services giant UBS to the Chifley South tower, earmarked for podium airspace at the
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Tradezone leases Goodman distribution centre
Online electrical wholesaler Tradezone has leased part of Goodman’s Huntingwood East Distribution Centre as its maiden Sydney location. The agreement
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Canberra convenience centre fetches $18m
A Canberra essential services investment – with a petrol station, childcare centre, gym, Hungry Jack’s restaurant and showroom attached to
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Panel maker leases warehouse in ‘CBD of the north’
Creative Composites, which manufactures panels for recreational vehicles (RVs) and the construction industry, has leased an Epping warehouse about to
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Defence department to relocate Sydney HQ
The Department of Defence has signed a major Sydney CBD office rental agreement. The federal government arm has committed to
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Andrew Forrest buys farm, hotel and vineyard
Andrew and Nicola Forrest’s Tattarang has outlaid about $50 million for two Western Australia investments. In the biggest deal, the
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Villa Maria to rebuild prominent Kew site
VMCH – also known as Villa Maria Catholic Homes – has won approval to replace a prominent Kew site held
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West Gate Tunnel Authority, Aware Super sign Melbourne office leases
LaSalle Investment Management has secured the state government to a Docklands office. The West Gate Tunnel Authority has leased a
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Forza picks up another Brisbane office
Forza Capital has paid $41 million for a B-grade Brisbane office with plans for an uber-green overhaul. The asset, 200
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Former school set for townhouses
A $60 million townhouse project is set to replace the former Keysborough Park Primary School. The Woodlands Estate, as the
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Australian Unity offloads Parramatta office for premium
Australian Unity is banking $66 million – a five per cent premium to the June, 2021 book value – for
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Stadia buys Harry Seidler designed North Sydney office
Stadia Capital is paying over $80 million for North Sydney’s seven level Simsmetal House. The heritage protected Harry Seidler designed
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EG doubles down in Blackburn
Forza Capital has sold two east Melbourne industrial investments to EG Funds Management. In the biggest deal, a multi-tenanted 21,903
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Pelligra invests again in South Australia
Three weeks after backing the construction of a Kangaroo Island golf course, resort and residential community, Pelligra has acquired an
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Newmark fills ex-David Jones store, floats first fund
Mecca will move into the ground and first floor of David Jones’ outgoing menswear store, on the Bourke Street Mall.
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Eureka bids for Whitsunday seniors accommodation complex
ASX-listed Eureka Group Holdings is buying a short-stay accommodation complex at Bowen, in the Whitsunday region. The deal is conditional
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Andrew Forrest earmarks hotel for Indiana teahouse site
A four storey hotel would be developed behind a renovated Indiana teahouse under plans by Andrew and Nicola Forrest’s property
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AMP secures ATO to George Street
The Australian Taxation Office has signed a 10 year lease for a third of 255 George Street, which is undergoing
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Gandel family buy Armadale antique store
Tony Gandel – the son of billionaire shopping centre investor John – with his wife, Helen, are paying $6.15 million
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Shaw Fabrics pre-commits to Frasers industrial estate
Frasers Property Industrial has pre-committed a second group, Shaw Fabrics, to Tarneit’s Canvas West business park. The blinds and fabric
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CBD Europcar outlet trades
A strata retail investment forming the ground and basement level of the Franklin Lofts apartment building has sold for a
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Hewitts sell Toorak pad
Lleyton and Bec Hewitt have offloaded their Toorak home after four weeks on the market. The five year old dwelling,
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Officeworks chooses Chadstone for HQ
Wesfarmers owned Officeworks will relocate its headquarters from a collection of Bentleigh East offices – to Chadstone shopping centre. The
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Surry Hills office sells for auction record price
A warehouse converted Surry Hills office has traded for $24 million – a suburb record for a commercial property auction.
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Tarneit apartment site fetches c$13m
A central Tarneit site – opposite a proposed town centre – is trading for a speculated $13 million. Half of
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Investors outlay $13.65m on Langridge Street
A trio of small properties on Langridge Street, Collingwood, have traded for a total of $13.65 million. Closest to the
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Derrimut, Kilsyth warehouses earn $32.35m from private buyers
Local private investors have splashed out over $30 million on mid-size industrial assets each side of the city. In Kilsyth,
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Blackstone snaps up Grosvenor Place half stake
Blackstone has snapped up a half stake in Sydney’s Harry Seidler designed Grosvenor Place. The deal – worth $925 million
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SCA, GIC form $750m retail fund
SCA Property Group (SCP) has established a convenience retail joint venture with GIC. The unlisted vehicle, SCA Metro Convenience Shopping
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QIC offloading Gold Coast mall
IP Generation is speculated to be paying c$200 million for a half stake in both Westfield Helensvale and the neighbouring
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Mirvac picks up outer Sydney housing site
Having recently completed the Crest community at Gledswood Hills, Mirvac has snapped up a low density housing estate site at
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School buys Ascot Vale corner
A prominent Ascot Vale building last occupied by Autobahn and before that, Academic & General Bookstore, has sold for a
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Ampol servos collect $73.5m
Charter Hall has snapped up a 49 per cent stake in another portfolio of Ampol service stations. The 20 assets
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Keppel purchases North Sydney office
Third.i.Group and Phoenix Property Investors have sold an unbuilt North Sydney office to Lendlease, which has flipped it as a
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ESR splashes out on huge Coolaroo site
ESR Australia is paying a speculated price of over $45 million for a Coolaroo industrial investment with immediate development upside.
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Qualitas seeks to float
Qualitas, founded in 2008 by Andrew Schwartz and owned in equal part with backer Trawalla Group, directed by Alan and
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Vicinity secures Box Hill office pre-commitment
Vicinity Centres has pre-committed Hub Australia to a 25 level central Box Hill office. The co-working giant will take 4100
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Pearl swoops on Gold Coast servo, mechanic
Pearl Energy is outlaying $8.75 million on an Ashmore convenience asset. At 519 Olsen Avenue, on the north east corner
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Hawthorn home to Big4 fetches $15m
The Hawthorn office home to Big4 Holiday Parks has sold between local investors. The price for 313-317 Burwood Road –
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Westbridge seeds fund with Broadmeadows warehouse
Holman Industries has sold a major Broadmeadows warehouse with a leaseback. The $15.36 million deal for 125 and 145 Northcorp
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Brix, Costa AM acquire prominent Bayswater warehouse
A partnership comprising Brix Property Group and Costa Asset Management has purchased another infill industrial investment – this time at
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Montalto family snap up strategic block
Floridia Cheese owner the Montalto family has snapped up a Green Wedge zoned block near parcels affected by the Shenstone
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Aliro fills more of ex-Toyota sales HQ
Aliro has secured Australia Post to 12,750 square metres of Toyota’s former Woolooware Bay sales and marketing office, and warehouse,
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Rural Funds buys Queensland cattle stations
Rural Funds Management is paying $68.8 million – some 20 per cent over expectation – for an aggregation of Queensland
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Lifestyle sells Nambucca tourist park, over 55s community
Lifestyle Villages has sold the Nambucca River Tourist Park and adjoining Nambucca Heads Village, at North Macksville, for over $15
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Justin Hemmes buying into another Lorne hotel: sources
Speculation is rife that Justin Hemmes’ Merivale is picking up the leasehold of Lorne’s Grand Pacific Hotel and Apartments. The
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Marprop, Futuro pick up 300 Flinders Street
Marprop and Futuro Capital are paying $80.8 million for Victoria University’s Flinders Street campus. The asset – the basement, ground
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ABD Group put into liquidation
ABD Group, which includes subsidiaries Marcus Group and Jasmine Group, has been put into liquidation. SV Partners’ Michael Carrafa and
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Mark Lo Giudice buys prominent northern suburb corner
Former Carlton Football Club president Mark Lo Giudice has outlaid c$2.8 million for a former Westpac branch at one of
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Oviss family banks $22m from shops
The family of late businessman Harry Oviss has banked $21.8 million from 12 retail investments. The priciest – understood to
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Centuria boosts healthcare fund value 20pc with four acquisitions
Centuria has picked up four more assets for its Healthcare Property Fund (CHPF). In Melbourne’s Mount Waverley, the manager is
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Dionnie Fahour flips Elwood home after 18 months
Dionnie Fahour has flipped a double fronted Elwood home 18 months after buying it from chef Teage Ezard. The former
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Café king lists Vermont retail, apartment investment
Ex-VFL player turned café owner and coffee roaster, Julien Moussi, is selling a recently refurbished Vermont retail investment with a
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Perri buys Fishermans Bend site
Perri Projects is paying $15.65 million for adjoining Fishermans Bend office/warehouses. On a 7377 square metre Capital 1 zoned site,
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Adairs snaps up Focus on Furniture
Adairs has snapped up smaller rival Focus on Furniture for $80 million. The deal gives the buyer control of 23
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String of regional NSW hotels sell
Fraser Short is paying a speculated $14 million for Jugiong’s Sir George Hotel. The venue, which contains 11 luxury accommodation
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Minogue family divest Hawthorn office
The Minogue family is banking close to $20 million for a Hawthorn office acquired mid-construction in 2007. The price for
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East coast childcare centres collect c$50m
Four childcare centres offered as part of a bulk auction event sold today for a total of nearly $41 million.
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Lester Group spends $28.5m in Rockingham
Perth based fund manager Lester Group has swooped on a bulky goods/office investment between two of Western Australia’s fastest growing
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Gold Coast pubs fetch $60m
Investors have outlaid $60.2 million on two Gold Coast pubs. In the priciest deal, the Ganim family is banking $38m
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Shayher buying offices in Brisbane, Sydney
Taiwan backed Shayher Group is outlaying over $600 million on east coast office investments. In the biggest deal, the group
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NorthWest commits Calvary to Playford health precinct
NorthWest Healthcare Properties will start constructing the balance of its $165 million Playford health precinct, opposite the Lyell McEwin Hospital
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Publicans pick up historic Camden hotel
Publicans Ben Lawler and Ryan Haynes are paying c$19.5 million for Camden’s c1841 Royal Hotel. The deal reflects a major
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Peet, University of Canberra restructure land deal
The University of Canberra (UC) has sold a 15 hectare slice of its Belconnen campus to Peet Group, which will
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The Agency awarded $212,000 for false administration move
The federal court yesterday ordered a former The Agency board member pay $212,269 to the property broker for wrongly putting
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Manly’s Q Station sold to local publican
The leasehold to Manly’s Q Station has sold for a speculated $15 million. The buyer, Glenn Piper, operates the Harbord
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Marcus Group to enter administration: sources
Postscript: ABD Group, which controls Marcus Group and Jasmine Group, were put into liquidation three days after this article was
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Barwon picks up Monash Specialist Centre suites
Barwon Investment Partners, for its Healthcare Property Fund (BHPF) has outlaid $5.3 million for three suites within the Monash Specialist
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Laundy family buys back into Wollongong
The Cabbage Tree Hotel, north of Wollongong, has traded to a partnership comprising its operators, Brad and Corrina Young, Nick
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Cancer Council sells inner-city lodge
Cancer Council SA has sold the second of two redundant inner-Adelaide accommodation complexes listed in March. In the latest deal,
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Dexus snaps up Narangba warehouse
Dexus has paid $44.5 million for an industrial investment in Brisbane’s north Narangba. The price for 9 Boron Street reflects
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Green light for City Tatts Club redevelopment
ICD Property and Singapore listed First Sponsor have won permission to extend Sydney’s City Tattersalls Club with a 50 level
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Australian Unity snares three aged care investments
Australian Unity is paying $93.65 million for three Queensland aged care investments. The leaseback deal is with McKenzie Aged Care,
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Approval for Byron Bay’s first housing estate in 30 years
Byron Bay’s first major housing estate in over 30 years has been approved. Harvest, on a 61 hectare block at
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Bank Australia sells long-time Kew HQ
Bank Australia has sold its triple storey Kew headquarters, which it built in 1982, for $15.125 million. At 222 High
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Merivale to upscale SCG, SFS catering
Venues NSW has awarded Justin Hemmes’ Merivale a catering contract for the Sydney Football Stadium, which is due to open
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Mick Molloy buys into Brunswick’s Railway Hotel
Mick Molloy has bought into Brunswick’s Railway Hotel. The comedian, who this month announced plans to retire as a Triple
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Carlton manse converted office collects $7.35m
Sheng Run Holdings Group, directed by Chinese electronic power and road developer Li Xipeng, has sold a former Presbyterian church
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