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Author: Marc Pallisco

Land News Victoria 

Mirvac acquires Princes Park block

July 29, 2021July 30, 2021 Marc Pallisco

Mirvac has swooped on a gateway inner-north Melbourne block, with plans for an apartment project. The 6496 square metre Brunswick

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Land News Victoria 

Armadale unit site collects c$16m

August 5, 2021August 5, 2021 Marc Pallisco

An Armadale site permit-ready for a five level apartment project has sold for c$16m. The 2186 square metre parcel, 79-83

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A.C.T. News Office 

Sentinel snaps up Canberra office

July 26, 2021August 20, 2021 Marc Pallisco

Centuria has sold Canberra’s Scarborough House to Sentinel. The $83 million deal for the 14-level A-grade office reflects a 7.7

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Industrial News Western Australia 

Arrow targets Welshpool warehouse

July 26, 2021July 26, 2021 Marc Pallisco

Arrow Capital Partners has acquired another industrial investment – this time in Perth’s Welshpool. The 3.1 hectare site, 59-87 Pilbara

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Land News Victoria 

ID_Land buys Armstrong Creek, Gisborne sites

July 28, 2021July 28, 2021 Marc Pallisco

ID_Land has snapped up two more housing estate sites. In the biggest deal, the group is paying $100 million for

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News Office Victoria 

Helen Sykes sells 175 Flinders Ln

July 28, 2021July 31, 2021 Marc Pallisco

Businesswoman Helen Sykes has sold 175 Flinders Lane. The $25 million deal with a local private investor group reflects a

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Hotels New South Wales News 

Jim Knox acquires Whitebull Hotel

July 27, 2021July 27, 2021 Marc Pallisco

Guyra grazier and hotelier Jim Knox has acquired another regional pub. The Whitebull Hotel in Armidale is costing $13.25 million

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New South Wales News Retail 

Dan Murphy’s trades for $11.2m

July 27, 2021July 27, 2021 Marc Pallisco

Another Dan Murphy’s backed investment has sold for an eight figure sum – this time in Bathurst. The $11.187 million

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New South Wales News Retail 

IOOF buys west Sydney homemaker centre

July 22, 2021August 23, 2021 Marc Pallisco

IOOF is spending $68 million for the one month old Great Western Centre in Sydney’s west Minchinbury. The 10,770 square

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News Office Victoria 

Occupier picks up vacant Surrey Hills office

July 27, 2021July 27, 2021 Marc Pallisco

Trident Financial Services has acquired a Surrey Hills office to occupy. The double storey building at 268 Canterbury Road, on

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News Office Western Australia 

AAIG, Dexus trade Woodside HQ stake

July 22, 2021July 22, 2021 Marc Pallisco

Dexus is paying $339 million for a 49 per cent stake in Woodside Energy’s Perth headquarters. The deal with Malaysia’s

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Land News Victoria 

NTT snaps up Donnybrook housing site

July 22, 2021August 3, 2021 Marc Pallisco

Nippon Telegraph and Telephone Corporation is understood to be paying more than $100 million for a low density housing site

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Hotels News Victoria 

Michael Renzella lists South Yarra hotel

July 23, 2021August 26, 2021 Marc Pallisco

Postscript: this property has now sold. Read our story here. Investor and developer Michael Renzella is selling South Yarra’s c1886

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New South Wales News Retail 

Sotheby’s Australia founder lists art house cinema

July 21, 2021July 22, 2021 Marc Pallisco

Sotheby’s Australia founder Robert Bleakley is selling Paddington’s Verona Cinema. The executive, who picked the building at 17 Oxford Street

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Industrial News Queensland 

Redhill Partners acquires Brendale industrial investment

July 22, 2021July 22, 2021 Marc Pallisco

Redhill Partners is paying $9.5 million for a Brendale industrial investment. The 4260 square metre facility is leased until 2026

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National News 

Lendlease sells Services business

July 22, 2021July 22, 2021 Marc Pallisco

Lendlease has sold its Services business for $310 million. The group said the deal is part of a strategy to

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News Office Queensland 

AU purchases $33.5m suburban Brisbane office

July 21, 2021July 22, 2021 Marc Pallisco

Australian Unity has purchased Beenleigh’s first major commercial building since 2011. Due for completion next month, the seven storey investment

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News Office Queensland 

West End office, gym trades for $14.5m

July 21, 2021July 22, 2021 Marc Pallisco

An office and gym on 3321 square metres in Brisbane’s inner west have sold for $14.5 million. The price for

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News Office Queensland 

Charter Hall fills part of ex-Virgin HQ

July 20, 2021July 21, 2021 Marc Pallisco

A FUJIFILM Holding Corporation subsidiary has leased nearly a quarter of the Bowen Hills office vacated by Virgin Australia after

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Industrial News South Australia Western Australia 

Centuria acquires SA, WA industrial assets

July 20, 2021July 20, 2021 Marc Pallisco

Centuria has boosted the value of its open-ended Diversified Property Fund (CDPF) with two industrial investments. In the biggest deal,

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New South Wales News Office 

Atlassian HQ to open by 2026

July 20, 2021July 21, 2021 Marc Pallisco

Atlassian will retain a stake in its next headquarters, construction of which will start next year. As speculated 10 months

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Land News Queensland 

Surfers Paradise sites trade for c$50m

July 20, 2021July 20, 2021 Marc Pallisco

Developers have swooped on two beachfront Surfers Paradise sites in deals worth a total of c$50 million. At 75-79 Garfield

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Hotels New South Wales News 

Laundy consortium buys Woolpack Hotel

July 19, 2021July 19, 2021 Marc Pallisco

The Laundy family, in partnership with operators including Aaron Crinis, is paying a speculated $11 million for Redfern’s Woolpack Hotel.

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Essential services News Queensland 

Stockland snaps up Halcyon

July 19, 2021July 19, 2021 Marc Pallisco

Stockland is paying $620 million for Queensland over-50s communities owner and developer Halcyon. The deal includes 3800 sites across 13

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New South Wales News Retail 

Altis banks $46m from homemaker centre

July 19, 2021August 23, 2021 Marc Pallisco

Altis Property Group is banking $46.25 million from a regional bulky goods investment. The Lake Haven Homemaker Centre at Charmhaven,

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Land News Victoria 

Vietnamese syndicate pays $11m for townhouse site

July 19, 2021July 19, 2021 Marc Pallisco

A Vietnamese syndicate has acquired a Donvale townhouse site for $11 million. The vendor, a China-based investor, paid $5.5m for

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News Retail Victoria 

Country retail investments collect c$52m

July 18, 2021July 19, 2021 Marc Pallisco

Two country supermarket backed shopping centres and a small plaza near one of them are trading for a total of

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Hotels News Queensland 

ALE offers historic Brisbane hotel

July 16, 2021July 16, 2021 Marc Pallisco

ALE Property Group is selling Toowong’s Royal Exchange Hotel. The c1886 venue at 10 High Street was once licensed to

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News Residential Victoria 

Melbourne housing boom ends at the expense of regions

July 16, 2021July 16, 2021 Marc Pallisco

After two quarters of stellar growth, Melbourne’s median house price rose just 0.5 per cent in the three months to

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Industrial News Victoria 

Virtus picks up vacant Kilsyth site

July 19, 2021July 19, 2021 Marc Pallisco

Industrial developer Virtus Property Group has snapped up a vacant site in Melbourne’s Kilsyth. The 2.53 hectare property, 88-90 Canterbury

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News Office Victoria 

Churches swap house of worship

July 16, 2021July 19, 2021 Marc Pallisco

Monash Methodist Church has leased the Huntingdale building recently vacated by Faith Christian Church. The deal for 15 Clifford Grove

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Land New South Wales News 

Racehorse owner lists west Sydney stables

July 16, 2021July 16, 2021 Marc Pallisco

Racehorse owner Fred Peisah is selling Warwick Farm Stables with $3.5 million price hopes. The listing comes three years since

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Industrial News Victoria 

Indoor rock climber expands in south east

July 16, 2021July 16, 2021 Marc Pallisco

Indoor rock climbing group Boulder Lab has signed a lease for a second Melbourne facility, at Clayton. The business already

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Industrial News Victoria 

Northern Motor Group swoops on Bundoora site

July 14, 2021July 15, 2021 Marc Pallisco

Northern Motor Group has picked up a Bundoora industrial site held for over 30 years by the Magnani family, led

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Land New South Wales News 

Badgerys Creek site sets record

July 15, 2021July 16, 2021 Marc Pallisco

Neighbouring blocks on what will be the doorstep of the recently announced Bradfield CBD – Sydney’s third city centre –

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Hotels New South Wales News 

Camden Hotel sold after 16 years

July 15, 2021July 15, 2021 Marc Pallisco

Marlow Hotel Group is paying a speculated $12 million for the Camden Hotel, in Sydney’s outer west. The pub was

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Industrial New South Wales News 

Leda spends $57m at North Rocks

July 15, 2021July 16, 2021 Marc Pallisco

Leda Holdings has paid $57 million for the North Rocks Business Park. On 4.68 hectares at 19-21 Loyalty Road, the

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News Residential Victoria 

Brown Property Group picks up another Clyde site

July 14, 2021July 15, 2021 Marc Pallisco

Brown Property Group is speculated to be paying over $230 million for another housing estate site, in Melbourne’s south east

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Hotels New South Wales News 

Charter Hall, Endeavour outlay $39.8m on hotel

July 14, 2021July 15, 2021 Marc Pallisco

Charter Hall has teamed with Endeavour Group to acquire Terrey Hills Tavern, in Sydney’s Northern Beaches. The deal involves the

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News Residential Victoria 

Stockland spends $82m in Melbourne’s west

July 14, 2021November 12, 2021 Marc Pallisco

Stockland is paying $82 million for a low density housing site in Melbourne’s west Tarneit. The c85 hectare block at

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News Residential Spotlight Victoria 

Geelong house, unit medians surging to $1m

July 14, 2021July 14, 2021 Marc Pallisco

The median price for Geelong houses and units has hit record levels according to latest Australian Bureau of Statistics figures.

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News Retail Victoria 

Offshore investors trade regional Bunnings

July 8, 2021July 8, 2021 Marc Pallisco

An offshore investor has paid $9.8 million for Bunnings Horsham. The property passed in on a $9.1m vendor bid when

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News Retail Victoria 

Haben, JY Group buy Casey Central

July 13, 2021July 14, 2021 Marc Pallisco

A joint venture comprising Haben Property Fund and JY Group is paying $225.018 million – a price reflecting a 5.38

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News Residential Victoria 

Luxcon picks up waterfront Port Melbourne block

July 13, 2021July 13, 2021 Marc Pallisco

Luxcon has purchased a waterfront site in Port Melbourne, staring down Station Pier. The deal with V-Leader, for 103 Beach

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Industrial News Victoria 

Farm Pride Foods sells HQ

July 12, 2021July 13, 2021 Marc Pallisco

Farm Pride Foods has sold RF Corval its Keysborough headquarters, cold storage facility and distribution centre with a leaseback. The

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Hotels New South Wales News 

Cooee Hotel calls in $7.75m

July 12, 2021July 12, 2021 Marc Pallisco

St Georges Basin’s Cooee Hotel – the only pub servicing a catchment of 12,500 people – has sold for c$7.75

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New South Wales News 

Atlas, Elanor buy Hunter Valley Zoo

July 12, 2021July 13, 2021 Marc Pallisco

Elanor Wildlife Park Fund – which is co-held by Atlas Advisors Australia and Elanor Investors Group – has acquired Nulkaba’s

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News Office Victoria 

South Haven divests Cheltenham office

July 12, 2021July 13, 2021 Marc Pallisco

South Haven Group has offloaded a Cheltenham office after 17 years. The three level, 4050 square metre building at 1279

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Essential services New South Wales News Queensland Victoria Western Australia 

HomeCo spends $209.7m on healthcare investments

July 12, 2021July 30, 2021 Marc Pallisco

Home Consortium has purchased eight oncology clinics from GenesisCare and a five hectare block at Camden where it will develop

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News Retail Victoria 

Krost acquires West Melbourne showroom

July 12, 2021July 12, 2021 Marc Pallisco

Krost Furniture has paid $9.25 million for a high-profile West Melbourne showroom. In town, the office products supplier is presently

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News Office Victoria 

Investor outbids developer for permit-ready Box Hill site

July 10, 2021July 10, 2021 Marc Pallisco

A Box Hill office offered permit-ready for a 30-storey mixed-use skyscraper has instead sold to an investor – for $17.158

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News Retail Victoria 

Siricco’s Bourke Street store for sale

July 12, 2021July 13, 2021 Marc Pallisco

The city’s Siricco House of Leather store – a block east of Bourke Street Mall – is for sale with

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Hotels New South Wales News 

O’Malley’s, The London sold

July 9, 2021July 10, 2021 Marc Pallisco

Publicans this week snapped up two inner city hotels in deals worth a total of c$19 million. In Woolloomooloo, Wayne

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Hotels New South Wales News 

Trio of regional pubs trade for c$24m

July 9, 2021July 9, 2021 Marc Pallisco

Eumundi Group Limited is paying $6 million for Murwillumbah’s Court House Hotel. On 898 square metres at 60 Murwillumbah Street,

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News Residential Victoria 

Ahmed Fahour sells Invergowrie

July 9, 2021July 9, 2021 Marc Pallisco

Three years after hitting the market, Hawthorn’s landmark Invergowrie has sold for a speculated $40.5 million. The buyer is Angela

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News Residential Victoria 

ISPT tries again to replace Kingswood Golf Club

July 8, 2021July 9, 2021 Marc Pallisco

ISPT is a step closer to replacing Dingley Village’s Kingswood Golf Club with a housing estate (artist’s impression, top) –

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Land News Victoria 

Receiver sells troubled Torquay housing site

July 8, 2021July 8, 2021 Marc Pallisco

Forty two parties who signed contracts to buy land in the seventh stage of Torquay’s Surf View Estate are understood

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News Office Victoria 

Investor splashes out c$9m in Hawthorn East

July 8, 2021July 9, 2021 Marc Pallisco

An investor has picked up a triple storey Hawthorn East showroom and office for an undisclosed price, speculated to be

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Industrial New South Wales News 

Primewest buys almond orchard from Harvard University

July 7, 2021July 8, 2021 Marc Pallisco

Primewest – which is newly merged with Centuria – has acquired a Riverina almond orchard to seed a fund. Moora,

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Hotels News Victoria 

Oriental sells ex-Bayview on the Park

July 19, 2021August 13, 2021 Marc Pallisco

The former Bayview on the Park, opposite Albert Park Lake, is under offer. On a triple block spreading 6966 square

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News Office Victoria 

Fortis drops another $12m in South Melbourne

July 7, 2021July 10, 2021 Marc Pallisco

Fortis has paid $12 million for another low-rise South Melbourne office with plans for a taller one. The deal for

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Industrial News Victoria 

IIG offers Younghusband site

July 7, 2021July 7, 2021 Marc Pallisco

Impact Investment Group is offering Kensington’s Younghusband site after five years. The developer, backed by the Liberman family, paid EG

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News Retail Victoria 

Journey Beyond sells Eureka Skydeck

July 6, 2021July 7, 2021 Marc Pallisco

RF Corval has purchased Melbourne’s Eureka Skydeck. The c$60 million deal includes the level 88 tourist attraction and the full

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Industrial New South Wales News 

Abacus buys five more self storage investments

July 6, 2021July 6, 2021 Marc Pallisco

Abacus is spending $160 million on five more self storage investments. In metropolitan Sydney – the properties are managed by

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Essential services News Victoria 

AU acquires Knoxfield aged care complex

July 6, 2021July 7, 2021 Marc Pallisco

Australian Unity Healthcare Trust has bought into a Knoxfield aged care complex. The unlisted fund will pay $10.75 million for

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New South Wales News Office 

Macquarie Park office/showroom collects $55m

July 4, 2021July 6, 2021 Marc Pallisco

RF Corval has sold a Macquarie Park office for $55 million. The deal, with Charter Hall for its Deep Value

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Hotels New South Wales News 

Merivale starts repositioning The Whale Inn

July 6, 2021July 6, 2021 Marc Pallisco

Merivale has begun repositioning Narooma’s The Whale Inn – starting with calling in French-Australian couple Julian May and Elsa Marie

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Industrial New South Wales News 

LOGOS calls in partners for $1.67b Moorebank deal

July 5, 2021July 7, 2021 Marc Pallisco

Six months after striking a $1.67 billion deal with Qube for the Moorebank Logistics Park (MLP), LOGOS has called in

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News Queensland Retail 

HomeCo picks up TownCentre Victoria Point

July 5, 2021July 5, 2021 Marc Pallisco

HomeCo has purchased TownCentre Victoria Point, south east of Brisbane, for $160 million. The deal reflects a fully let 4.75

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Essential services News South Australia 

UnitingSA offloads West Croydon nursing home

July 6, 2021July 6, 2021 Marc Pallisco

UnitingSA has offloaded West Croydon’s vacant St Teresa Aged Care complex for a speculated $2.25 million. After a campaign targeting

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Industrial New South Wales News Victoria 

Lendlease buying $161m industrial portfolio

July 5, 2021August 9, 2021 Marc Pallisco

Lendlease, on behalf of its Australian Prime Property Fund, is picking up a $161m million industrial portfolio from Mirvac and

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Essential services News Victoria 

Green light for Melton Hospital

July 4, 2021July 5, 2021 Marc Pallisco

The state government will compulsorily acquire a Melton South site for a 24 hour public hospital. Minister for Health and

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Hotels News Victoria 

Robert Burns Hotel to rebrand after selling to ex-footballer

July 2, 2021July 2, 2021 Marc Pallisco

The Robert Burns Hotel will be rebranded Hotel Collingwood after being snapped up by Julien Moussi’s Only Hospitality Group. The

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Hotels News Victoria 

Gurner plots apartments, Club Maison at Prahran

July 2, 2021July 5, 2021 Marc Pallisco

Gurner has partnered with a Prahran property owner to deliver a residential complex and Club Maison boutique hotel. The eight

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News Retail Victoria 

The Hour Glass snaps up more of prime Collins Street

July 2, 2021July 3, 2021 Marc Pallisco

The Hour Glass has acquired its second prime Collins Street investment in six months. The Singapore listed retailer and landlord

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News Office Victoria 

Spiritgrow lists Caulfield North office

July 3, 2021July 5, 2021 Marc Pallisco

Spiritgrow is selling a sizeable Caulfield North office it had intended to repurpose as a community hall, synagogue and headquarters.

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Industrial News Victoria 

JB LEDs collects $10.75m from office/warehouse

July 6, 2021July 6, 2021 Marc Pallisco

Lighting group JB LEDs has sold a developer its Cheltenham office/warehouse. The 1.1 hectare amalgamation, 10 (pictured, top) and 20

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News Retail Victoria 

Coles, Pace sell supermarkets

July 4, 2021July 5, 2021 Marc Pallisco

Two supermarket backed investments have sold for a total of $52.45 million. In the biggest deal, DeGroup is paying $33.3

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News Office Victoria 

Golden Age, Hampton proceed with strata office projects

July 3, 2021July 3, 2021 Marc Pallisco

Two strata office towers are set to take shape at each end of the CBD. In the east, Jeff Xu’s

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News Office Victoria 

Medibank commits to Melbourne Quarter Tower

July 1, 2021July 2, 2021 Marc Pallisco

Lendlease has secured Medibank to 25 per cent of Melbourne Quarter Tower – set to be Docklands’ tallest building. The

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