MA spends $54.5m on Bendigo hotel
MA Hotel Management, a private entity of ASX-listed MA Financial Group – until recently known as Moelis Australia – is
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Author: Marc Pallisco
Charter Hall buys Bunnings, office
Charter Hall has snapped up another Bunnings backed investment for its Long WALE REIT (CLW). The Baldivis outlet at the
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Telstra rings in $3m from Melbourne sites
Telstra has sold two Melbourne development sites. In the south east, the group is banking $2.2 million – more than
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Japara offloads Mornington Peninsula aged care home
Japara has sold a Capel Sound nursing home to a China based investor. The $8.25 million deal for Capel Sands
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Brendan Sullivan pockets premium from Vermont sell down
Brendan Sullivan is on track to pocketing a profit selling down a Vermont business park he acquired in late 2019.
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Eastwood showroom auctioned for $19.25m
A local investor has paid $19.25 million for an Eastwood showroom occupied by the Plumbers Supply Co-Op. The online auction
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Syndicate spends $22m on another Riverina pub
A syndicate comprising Laundy Hotels and publicans Sam Cruikshank and Sean O’Hara has purchased its third Riverina pub this year.
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APN buys industrial, sells office investments
APN has picked up two warehouses for its Industria REIT. In the biggest deal, the manager is paying $24.1 million
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Coolalinga shopping centre trades for c$80m
The four year old Coolalinga Central has sold for a speculated $80 million. On 7.71 hectares at 425 Stuart Highway,
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GPT, QuadReal snap up two more east coast projects
A joint venture comprising GPT and Vancouver-based QuadReal has acquired two east coast investments. In Melbourne, the partnership, GPT QuadReal
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RAM outlays $42.5m on healthcare assets
Real Asset Management has purchased four more healthcare investments for the Essential Services REIT it intends to float next quarter.
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Dexus spends $131m for healthcare fund
Silverstone Developments has sold two inner north Brisbane investments to Dexus which will hold them in the c$1.3 billion Healthcare
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CIL picks up ex-Furniture Galore HQ
Furniture Galore has sold its outgoing headquarters – which also includes a showroom and warehouse – to Centennial Industrial and
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APH moves forward with hotels at Box Hill, Hawthorn
APH will replace its Hawthorn headquarters with a seven storey hotel after securing a pre-commitment from Accor. The 87 room
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Central Equity spends c$80m on Victorian housing sites
Central Equity has acquired two Victorian low-density housing sites. At Deanside, 25 kilometres west of Melbourne, the group has spent
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Occasio buys into Mernda Town Centre
Occasio Projects has picked up the Mernda Town Centre development from Woolworths. The 26.4 hectare property includes a shopping centre,
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Rosenthal Arcade collects $13.9m
The Tavakoli family has sold Lane Cove’s Rosenthal Arcade. The buyer, a local family, is paying $13.888 million – reflecting
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Dunk Island sells
NB: This Upsense sale didn’t proceed but Dunk Island sold again in 2022. Read that story here. Upsense Media Capital,
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Gary Morgan buys Fitzroy bar
Gary Morgan has purchased a warehouse-converted Fitzroy bar. The Roy Morgan Research owner and Lord Mayor candidate paid $5.082 million
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Celtic Club buys South Melbourne pub
The Celtic Club has paid $5.3 million for South Melbourne’s Limerick Arms Hotel. The three storey pub at 364-368 Clarendon
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Ex-YWCA hotel, office for sale
The Jasper Hotel – built by the Young Women’s Christian Association in 1975 as a hostel and office – is
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Byron Bay’s Great Northern, Lanteen Lane Hotel sold
The Mooney family has sold Byron Bay’s Great Northern Hotel and neighbouring Lanteen Lane Hotel – for a speculated price
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Munich investor spends $98m on wine distribution centre
In the biggest South Australian industrial sale this year, Munich family office AM alpha is paying $98 million for a
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IPM snaps up under-utilised Palm Beach block
Boutique builder IPM has paid c$12 million for a row of Palm Beach shops, with plans for an apartment project.
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Gold Coast block earns c$10m for QIC
QIC is banking a speculated c$10 million from a mixed-use development site at Robina, about 10 kilometres south of Surfers
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Lester Group banks $22m from office, car park
Lester Group has sold a Belmont office and nearby open-air car park for $22 million. The investor paid $19.1m for
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EG snaps up another property for ACE
EG has purchased the ninth investment for its Australian Core Enhanced Fund (ACE). The 12,157 square metre warehouse, 28 Flint
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Eastridge office for sale
United Property Fund Limited is selling a piece of the 21.4 hectare Eastridge village, in Melbourne’s east. The property –
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Mirvac readies to replace ex-Melbourne Convention Centre
Mirvac has launched a leasing campaign for an office on the site of the former Melbourne Convention Centre. The Civic,
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Harmony sells Larapinta forklift warehouse
Harmony Property Investments has sold a Larapinta office, showroom and warehouse for $9.34 million. The fund manager paid $6.88m –
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Nick Politis acquires another Brisbane retail investment
Sydney Roosters chairman Nick Politis has paid $29.75 million for a fully-leased Brisbane mixed-use investment. The five-storey property at the
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De Luca offloads Bunnings Plainland
De Luca Corporation has sold a Bunnings investment in Plainland, about 60 kilometres west of Brisbane. The price achieved for
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Anthony Scali buys Double Bay hotel
Anthony Scali – the managing director of furniture chain Nick Scali – has paid $35 million for Double Bay’s Savoy
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Fishermans Bend Innovation Precinct unveiled for ex-GMH site
The state government has committed an initial $179.4 million to develop the ex-General Motors Holden site as the Fishermans Bend
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Offshore developer snaps up Balaclava block
An Asia based developer is paying $5.35 million for neighbouring Balaclava warehouses with plans for a mixed-use project. The 1158
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Gandel, Vicinity unveil another Chadstone office
Gandel Group and Vicinity Centres have unveiled a third major office at Chadstone – The Fashion Capital. Due for completion
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Yarraville servo trades for eight figure sum
A Shell-backed service station which recently replaced a Beaurepaires in Melbourne’s inner west Yarraville has traded for $10.9 million. Elite
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Investors outlay $34m on childcare centres
Six childcare centres sold for a total of $33.992 million at a bulk auction event today. The priciest, at 322-328
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Abacus, Public Trustee of Qld offload Brisbane office
PGIM Real Estate is paying $54.4 million for a Brisbane CBD office. The modernised c1965 structure, 444 Queen Street, was
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CBIC doubles money on Brisbane office
City of Brisbane Investment Corporation has sold the CBD’s historic former Gordon & Gotch building after four years and a
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Brookfield sells 50.1pc stake in two Sydney offices
Brookfield has sold a 50.1 per cent stake in neighbouring CBD offices. In the biggest deal, Marprop is paying $140.1m
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MPG acquires retail-converted-office
MPG Funds Management is paying $26 million for a modern, central Townsville office. City Point, at 101-119 Sturt Street, on
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Perron Group sells Perth mall
Perron Group has sold The Square Mirrabooka after 32 years. The $195 million deal is with Melbourne-based Fawkner Properties, which
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Australia Post sells Fitzroy Business Centre to Piccolo
Australia Post has sold its Fitzroy Business Centre to apartment developer Piccolo. The 1192 square metre site, 371-385 Gore Street,
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Stones Corner office to seed diversified Harmony fund
Harmony Property Investments has purchased a Stones Corner office – its ninth Queensland asset – for a new diversified fund.
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Consortium lists Spotswood industrial site
A major site beside the West Gate Freeway has been listed by a consortium of private investors. The 1.57 hectare
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Alfred buys St Kilda Road block for research hub
St Kilda Road is set for its first major office building this century – with Alfred Health paying $31m for
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Historic Nicholas Building for sale
A trophy asset developed as an investment by Aspro founders, brothers Alfred and George Nicholas, is for sale as a
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Lendlease expands Flagstaff Gardens holding with $203m deal
Lendlease has made a tactical office purchase, picking up 469 La Trobe Street, opposite Flagstaff Gardens, from Swiss Re. The
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Genesis opens Emporium showroom
Hyundai-owned luxury car make, Genesis, yesterday opened a 390 square metre showroom within Vicinity Centre’s Emporium Melbourne. The Korean manufacturer
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Bunnings offloads Mill Park land
Bunnings has offloaded a vacant block next door to its Mill Pak store. The 1.4 hectare tract, 18 Bush Boulevard,
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South Yarra corner trades for c$5.4m
An owner-occupier is speculated to be paying $5.4 million for a South Yarra corner site. At 329-333 Toorak Road and
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ALE lists Cheltenham hotel
ASX-listed ALE Property Group is offering another hotel freehold – this time at Cheltenham. The Tudor Inn at 1281 Nepean
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De Luca purchases Northgate convenience retail site
De Luca Corporation has acquired a Northgate industrial site for $6.65 million with plans to rebuild it as a convenience
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ESR becomes Australia’s third largest industrial owner
ESR Australia today settled on a $3.8 billion purchase of 45 industrial investments – the Milestone collection – and a
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Dandenong South industrial investment trades for $16.78m
A showroom and warehouse on 1.92 hectares, in Dandenong South, has sold to a private investor for $16.78 million. The
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GIC, Nuveen offload Myer Melbourne controlling stake
Singapore sovereign fund GIC with Nuveen, a wholly owned subsidiary of the Teachers Insurance and Annuity Association of America, have
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Fast food record yield set for second time in 15 months
In a case of history repeating, a KFC restaurant has sold for a price reflecting a record low yield for
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SCA acquires second Newcastle shopping centre in a week
SCA Property Group has purchased its second sub-regional Newcastle shopping centre in a week. Marketown – which turns 10 years
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Bridge Street Plaza trades for $10.5m
A Sydney investor has spent $10.5 million on Toowoomba’s Bridge Street Plaza. The shopping centre, on 8100 square metres at
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Charter Hall buys Butler shopping centre from Woolworths
Charter Hall, for its Retail REIT (CQR), is paying Woolworths $51.2 million for Perth shopping centre Butler Central. The deal
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Castlerock purchases Ipswich’s Icon building
Cromwell Property Group has sold Ipswich’s Icon building for $145.2 million. The seven year old property, 117 Brisbane Street, was
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Pask Group wins approval for East Melbourne apartment project
Pask Group has won permission to replace the airspace behind East Melbourne’s c1873 College House, opposite Fitzroy Gardens, with a
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Investa appoints new chief executive
Investa has appointed Peter Menegazzo as the group’s chief executive officer, effective July 1. The businessman will replace Jonathan Callaghan
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Charter Hall industrial fund snaps up Auburn Redyard
Charter Hall has purchased the Auburn Redyard entertainment complex and neighbouring land available for immediate development. The deal, with Reading
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Woolworths’ HQ for sale
Inmark Asset Management has listed Woolworths Group’s headquarters. The fund manager, which holds the asset for South Korean institutions, can
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Blackstone offloads Canberra office
Blackstone has sold an A-grade Canberra office it picked up 10 years ago through its $207 million takeover of Valad
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Growthpoint picks up Sydney Olympic Park office
Growthpoint has agreed to pay $52 million for the leasehold of a six level Sydney Olympic Park office. The deal,
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EG spends $450m on Sydney offices
EG has paid $450 million for three Sydney offices. The deal, for 32 Walker Street, North Sydney (pictured, top, and
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Centennial secures Scania to Campbellfield
Centennial Industrial & Logistics has committed Scania to part of a Campbellfield industrial investment it picked up six months ago.
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Broo sells Ballarat brewery site
Plans for a $95 million eco-brewery on Ballarat’s outskirts are off the table – with Broo Limited selling the land
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Centuria acquires three east coast industrial investments
Centuria has spent $86.1 million on three more industrial investments. In Sydney, the group is paying $33.5m for a 13,233
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Ludlow Group buys Wollongong’s Five Islands Hotel
Oscars Hotels has sold Wollongong’s Five Islands Hotel 10 months after a major renovation. The 64 year old venue, previously
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Woolworths buys Kiama shopping centre from ISPT
Woolworths has paid ISPT a speculated $49 million for the Kiama Village shopping centre, with plans for a major refurbishment.
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CostaFox proposes two towers around Robur Tea House
EXCLUSIVE CostaFox has unveiled plans for two gold towers – one rising 25 storeys – around Southbank’s historic Robur Tea
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Brighton aged care home collects $8.5m
A Brighton aged care facility with medium term development upside has sold to an investor for $8.5 million. At 108
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Active Super expands North Sydney holding
Active Super – which until last month was known as Local Government Super – has outlaid $25 million for a
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Vacant Eastwood bowls club sells for $10m
The former Brush Park Bowling Club, in Eastwood, has sold for $10 million to an as yet undisclosed community group.
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Centuria buys Footscray office from Grollo family
Centuria Capital Group will seed an unlisted, single asset fund with a modern Footscray office acquired from the Grollo family.
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The Brag Media chooses Marrickville for maiden Rolling Stone venue
The Brag Media has spent $7.67 million on a vacant Marrickville shop with plans to open a Rolling Stone branded
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