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Author: Marc Pallisco

New South Wales News Retail 

Ex-Bunnings leased for second NSW COVID vaccine hub

June 11, 2021June 14, 2021 Marc Pallisco

Wesfarmers managed BWT Trust has secured the state government to a Lake Macquarie Bunnings store which has been vacant since

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News Office Victoria 

Up Property pre-commits Barwon Health to Geelong office

June 11, 2021June 14, 2021 Marc Pallisco

Up Property has pre-committed Barwon Health to a five storey Geelong office set to replace the Belcher Arcade. The state

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News Retail Victoria 

Caydon sells Moonee Ponds retail investment

June 11, 2021June 12, 2021 Marc Pallisco

Two retail investments sold for low yields this week. In Altona North, a fast food restaurant held for 32 years

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New South Wales News Office 

International college leases Lidcombe office

June 11, 2021June 11, 2021 Marc Pallisco

International business college SP Jain School of Global Management has leased a Lidcombe office for 10 years. The occupier had

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New South Wales News Retail 

SCA buys Raymond Terrace shopping centre

June 9, 2021June 16, 2021 Marc Pallisco

SCA Property Group has entered a put and call option deed for a Newcastle region shopping centre. Exercisable after July

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New South Wales News Residential 

Fortis, Dare pay $41m for Point Piper site

June 9, 2021June 27, 2021 Marc Pallisco

Fortis, in partnership with Dare Property Group, has acquired another inner-east development site – this time at Point Piper. The

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Land News Victoria 

Telstra offers two suburban sites

June 9, 2021June 14, 2021 Marc Pallisco

Telstra has listed surplus sites on two sides of the city. In Springvale, a 705 square metre block at 18-26

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Essential services National News 

Australian Unity, Dexus form healthcare partnership

June 9, 2021June 14, 2021 Marc Pallisco

Dexus has made a $180 million cornerstone investment in the Australian Unity Healthcare Property Trust. As part of the partnership,

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New South Wales News Office 

Australian Unity spends $55m on aerospace centre

June 7, 2021June 8, 2021 Marc Pallisco

Australian Unity is paying c$55 million for the first stage of the Williamtown Aerospace Centre. The 1.78 hectare property, developed

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New South Wales News Victoria 

Investa, Oxford launch BTR management platform

June 9, 2021December 16, 2021 Marc Pallisco

Investa in conjunction with Oxford Properties, has launched a Build to Rent management platform for its Australian portfolio – expected

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Industrial National News Office Retail 

Charter Hall Long WALE fund value lifts

June 8, 2021June 8, 2021 Marc Pallisco

A Charter Hall trust – responsible for about a tenth of the group’s funds under management – has recorded a

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New South Wales News Retail 

IP Generation snaps up Lederer retail portfolio

June 7, 2021June 7, 2021 Marc Pallisco

IP Generation is paying businessman and Western Sydney Wanderers co-owner Paul Lederer c$300 million for six New South Wales shopping

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Land News Victoria 

Up Property acquires Wantirna South townhouse site

June 7, 2021June 8, 2021 Marc Pallisco

Up Property is paying $6.42 million for a townhouse site in Melbourne’s east. The 7386 square metre parcel, 500 Stud

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News Queensland Residential 

Racing Queensland chair buys dilapidated Lamb House

June 7, 2021June 7, 2021 Marc Pallisco

Racing Queensland chair, businessman Steve Wilson, and his wife, Jane, have acquired Brisbane’s Lamb House with plans for a major

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Land News Victoria 

Longriver pays $49.2m for prime city corner

June 4, 2021June 7, 2021 Marc Pallisco

Longriver has purchased a collection of CBD buildings covering the south east corner of Lonsdale and Russell streets. The off-market

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News Retail Victoria 

MarketPlace Fresh buys former Boundy’s supermarket

June 4, 2021June 7, 2021 Marc Pallisco

MarketPlace Fresh is coming to the North Essendon Village after acquiring the former Boundy’s supermarket. The Epping Market based fruit

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News Victoria 

Care Park lists nine investments with leasebacks

June 6, 2021June 6, 2021 Marc Pallisco

Care Park has listed nine parking lots – just under 10 per cent of its portfolio – to acquire more

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Land News Victoria 

Carlton church offered after a century

June 5, 2021August 21, 2021 Marc Pallisco

Postscript: this site sold to a residential developer for $4.2 million. Churches of Christ is offering a small Carlton cathedral

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Land News Victoria 

Glen Waverley development site collects $11.5m

June 6, 2021June 6, 2021 Marc Pallisco

A Glen Waverley development site which made headlines in 2015 when the vendor offloaded it after two months for a

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News Queensland Retail 

QIC lists half-stake of Gold Coast shopping centre

June 6, 2021June 6, 2021 Marc Pallisco

QIC has listed its half stake in Gold Coast’s Helensvale Town Centre. The government owned investment company – which turns

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News Office Victoria 

Dandenong Family Court sold

June 5, 2021June 7, 2021 Marc Pallisco

The Dandenong Family Court has finally sold – for $12 million. The three storey property at 53-55 Robinson Street hit

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Industrial News Queensland 

Interstate investor snaps up Kedron industrial sites

June 6, 2021June 6, 2021 Marc Pallisco

A Sydney investor has purchased a 1.67 hectare amalgamation of industrial properties at Brisbane’s north Kedron. The sites, 531A-537 Gympie

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News Queensland Retail 

Miami shopping centre earns $9.1m from local

June 29, 2021June 29, 2021 Marc Pallisco

A Gold Coast investor is paying $9.1 million for the Miami Village shopping centre. The price for 110 Mountain View

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Industrial News Queensland Victoria 

Ascendas banks $125.1m from three logistics investments

June 4, 2021June 6, 2021 Marc Pallisco

Ascendas Reit has agreed to sell three east coast industrial investments for a total of $125.1 million. The disposals –

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A.C.T. Land News 

Elanor sells ex-Belconnen Markets car park

June 3, 2021June 4, 2021 Marc Pallisco

An Elanor Investors Group (ENN) syndicate has sold the Belconnen Markets car park prior to the close of an expressions

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Industrial News Victoria 

Goodman secures two pre-commitments at Truganina

June 4, 2021June 4, 2021 Marc Pallisco

Goodman has pre-committed two groups to Truganina’s West Industry Park. In the biggest deal, packaging supply and personal protective equipment

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Land News Victoria 

Developer picks up Ivanhoe Squash Courts

June 3, 2021June 3, 2021 Marc Pallisco

The prominent Ivanhoe Squash Courts – abutting an Ivanhoe train station car park – has sold to a local developer

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Land News Victoria 

Two low-rise St Kilda Rd precinct apartment blocks sell

June 12, 2021June 20, 2021 Marc Pallisco

Two low-rise apartment blocks in Melbourne’s inner south have sold to make way for bigger projects. At 545 St Kilda

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New South Wales News Residential 

Anthony Pratt buys North Bondi home: sources

June 4, 2021June 4, 2021 Marc Pallisco

Anthony Pratt is reported to be paying $22 million for a North Bondi home. The deal for 144 Ramsgate Avenue

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Industrial New South Wales News 

North Shore industrial asset trades for $15m

June 4, 2021June 4, 2021 Marc Pallisco

A vacant Artarmon industrial property has sold a week after hitting the market. The incoming owner, which is paying $15

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New South Wales News Residential 

Centuria completes four affordable housing complexes

June 3, 2021June 3, 2021 Marc Pallisco

Centuria Capital Group has completed four Central Coast affordable housing complexes. The developments contain a total of 190 dwellings –

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Land News Residential Victoria 

Scape snaps up site at the top of town

June 2, 2021June 3, 2021 Marc Pallisco

Scape has quietly snapped up a prominent Melbourne CBD site with plans for a student accommodation tower. The former service

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Land News Victoria 

Satterley in play for more Shenstone Park land

June 2, 2021June 3, 2021 Marc Pallisco

Satterley Property Group is speculated to be paying $68 million for another low density housing site in Melbourne’s outer north.

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Hotels New South Wales News South Australia Victoria 

CK Ow lists $1b hotel portfolio

June 3, 2021June 3, 2021 Marc Pallisco

Singapore based Chio Kiat (CK) Ow has listed six Australian and New Zealand hotels – the bulk of his local

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New South Wales News Office Victoria 

ISPT offers $600m-plus office portfolio

June 3, 2021June 3, 2021 Marc Pallisco

ISPT has listed four east coast office investments. The priciest, 100 Pacific Highway, North Sydney, carries $400-$450 million expectations. Developed

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Industrial National News 

CIP value increases $285m

June 3, 2021June 4, 2021 Marc Pallisco

Centuria is being rewarded for its decision to counter-cyclically invest in its Industrial REIT (CIP). Following a revaluation of its

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Industrial New South Wales News 

Charter Hall acquires WSPT Eastern Creek land

June 2, 2021June 2, 2021 Marc Pallisco

Charter Hall has secured an Eastern Creek industrial site from Western Sydney Parklands Trust. The government launched a tender to

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Hotels News Victoria 

Goldfields’ Richmond hotel wins approval

June 1, 2021June 2, 2021 Marc Pallisco

Goldfields Group has won permission to replace Richmond’s former Matt Blatt showroom with a 12-storey, 198-key hotel. The facility at

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Hotels New South Wales News 

Hollywood Hotel trades for c$9m

June 1, 2021June 2, 2021 Marc Pallisco

Surry Hills’ Hollywood Hotel, formerly known as the Tooth’s Brewery, has sold for a speculated $9 million to Parlour Group.

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News Retail Victoria 

Longriver selling down East Central retail

June 2, 2021June 2, 2021 Marc Pallisco

Longriver is selling the ground floor retail component of its new Box Hill skyscraper, East Central. The three suites –

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Essential services News Western Australia 

Dexus acquires Bethesda Clinic for healthcare fund

June 1, 2021June 1, 2021 Marc Pallisco

Dexus has acquired a Perth healthcare investment on a funds through basis. The Bethesda Clinic, designed and being delivered by

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National News 

GIC to open Australian office

June 2, 2021June 2, 2021 Marc Pallisco

Singapore sovereign wealth fund GIC will open an Australian office next year. The landmark Chifley Tower, in Sydney – which

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News Retail Victoria 

Oreana buys up more of South Yarra

June 1, 2021October 12, 2021 Marc Pallisco

Local developer Oreana has paid $13.15 million for a row of four shops next to the South Yarra Square arcade

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News Office Victoria 

Scape buys Oxfam HQ for 14-level tower

May 31, 2021January 15, 2023 Marc Pallisco

Oxfam has sold its Carlton headquarters to Scape for $22.11 million. At 130-138 Leicester Street, the four-storey warehouse-converted-office will now

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News Retail Victoria 

Brunswick shops collect $8.25m

May 31, 2021June 1, 2021 Marc Pallisco

Two retail investments with development upside in Brunswick’s Sydney Road sold this week. At #120-124, a double fronted shop neighbouring

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New South Wales News Retail Victoria 

bp, David Jones split

May 29, 2021May 31, 2021 Marc Pallisco

David Jones has ended its food hall partnership with bp after two years. The pair operated 35 dual branded service

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Land News Victoria 

Offshore buyer snaps up 25ha Bangholme block

May 31, 2021May 31, 2021 Marc Pallisco

A Chinese investor – in its second Australian land play – has made a strategic purchase at Bangholme, about 31

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Hotels News Victoria 

Longriver proposes bigger hotel at ex-Theosophical Society HQ

May 28, 2021October 18, 2021 Marc Pallisco

Longriver Group has quietly snapped up two shops neighbouring the former Melbourne Theosophical Society headquarters – allowing it to build

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News Office Victoria 

Architect lists unique city HQ

May 31, 2021May 31, 2021 Marc Pallisco

Architect Omiros Emmanouilides is selling his Melbourne base. The unique property – with a double lock-up garage directly off its

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National News 

Samsung Life acquires 25pc of Savills IM

May 31, 2021May 31, 2021 Marc Pallisco

Samsung Life and its real estate asset management subsidiary Samsung SRA have snapped up a 25 per cent stake in

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Industrial News Queensland 

Ormeau warehouse, servo trades for $23m

May 31, 2021May 31, 2021 Marc Pallisco

Xiao Honh (Jane) Darvezina has paid $23 million for an industrial investment at Ormeau – about 35 kilometres north west

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New South Wales News Retail 

Gym operator pays $11.2m for local bank

May 29, 2021May 29, 2021 Marc Pallisco

A Coogee retail investment, purpose built in 1985 for Commonwealth Bank of Australia, which still occupies, sold for $11.2 million

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New South Wales News Office 

Underutilised Auburn site trades for $13.1m

May 28, 2021June 2, 2021 Marc Pallisco

A Centrelink office on 1870 square metres, walking distance to Auburn station, has traded for $13.06 million, or a 2.69

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Industrial News Victoria 

Charter Hall makes tactical Boronia play

May 28, 2021May 28, 2021 Marc Pallisco

Charter Hall is paying $106 million for a life sciences building on 16.8 hectares in Melbourne’s east Boronia. The vendor,

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Land News Victoria 

Nillumbik council sells townhouse block

May 28, 2021May 28, 2021 Marc Pallisco

Nillumbik Shire Council is banking $4.62 million for a townhouse development site next to Diamond Valley Library. The 4773 square

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Land New South Wales News 

Metro spends c$275m on permit-ready sites

May 27, 2021May 28, 2021 Marc Pallisco

Metro Property is continuing to stock its residential development pipeline, spending c$275 million on two permit-ready Sydney blocks. In the

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New South Wales News Retail 

Neil Perry rents CBD food court for Hope Delivery

May 28, 2021May 28, 2021 Marc Pallisco

Revered chef Neil Perry has rented a food court space at Stockland Piccadilly, in Pitt Street, for his Hope Delivery

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News Office Queensland 

ESR, Goldman Sachs selling State Law Building

May 26, 2021May 27, 2021 Marc Pallisco

ESR and Goldman Sachs are understood to have sold a government-backed Brisbane CBD office to Hines. The State Law Building

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Industrial New South Wales News Victoria 

Mirvac lists c$150m industrial portfolio

May 26, 2021July 5, 2021 Marc Pallisco

Mirvac has listed three east coast industrial investments – one attached to a development site. The portfolio could sell for

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Hotels News Victoria 

Quest hotel to replace Collingwood ex-suit factory

May 24, 2021May 27, 2021 Marc Pallisco

The Ascott Limited has committed to a second Collingwood hotel in as many years. In the latest deal, for its

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Hotels New South Wales News 

Merivale drops c$13.5m for prime Byron Bay corner

May 25, 2021May 27, 2021 Marc Pallisco

Merivale Group has acquired Byron Bay’s former Cheeky Monkey’s bar and backpackers, and neighbouring Thai Sabai massage parlour, for a

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News Office Victoria 

Hub Australia, 1R commit to Industry Lanes

May 25, 2021May 27, 2021 Marc Pallisco

Hub Australia has committed to 3000 square metres at a Richmond office being developed by Abacus Property Group and Salta

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Industrial New South Wales News 

Goodman secures Australia Post to Port Air

May 24, 2021May 27, 2021 Marc Pallisco

In a major lease deal, Goodman has secured Australia Post to two warehouses at Botany’s Port Air Industrial Estate. The

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Land News Residential Victoria 

Stockland buys in Beveridge: sources

May 23, 2021May 27, 2021 Marc Pallisco

Stockland is continuing to build its Melbourne residential development pipeline, with speculation it is paying Ouson Group $125 million for

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New South Wales News Office 

Double Bay office sets auction record

May 23, 2021May 27, 2021 Marc Pallisco

A Double Bay office developed by Greater Union six years ago – replacing the Vogue Theatre – has sold for

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Industrial New South Wales News 

Lendlease spends $130.1m on Best & Less warehouse

May 24, 2021May 27, 2021 Marc Pallisco

Lendlease is paying $130.1 million – a price which reflects a 3.62 per cent yield – for an Eastern Creek

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Essential services News Retail South Australia 

AQR snaps up six SA service stations

May 23, 2021May 27, 2021 Marc Pallisco

APN Funds Management has acquired another six service station for its Convenience Retail REIT (AQR). The South Australian properties were

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News Residential Retail Victoria 

Green light for Piedimonte’s Fitzroy North redevelopment

May 21, 2021May 28, 2021 Marc Pallisco

The Piedimonte family has been granted permission to replace its Fitzroy North supermarket and eight neighbouring sites with a mixed-use

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News Office Victoria 

Hickory secures Goldfingers for office

May 20, 2021January 12, 2023 Marc Pallisco

Hickory has quietly snapped up the former Goldfingers strip club – and won approval to build a 22 storey office

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New South Wales News Office 

Ord Minnett returns to Grosvenor Place

May 26, 2021May 27, 2021 Marc Pallisco

Ord Minnett will move back to the Harry Seidler designed Sydney office it quit 16 years ago. The wealth manager

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Industrial News Western Australia 

Perron sells Welshpool investment

May 29, 2021May 29, 2021 Marc Pallisco

Perron Group has sold a Welshpool industrial investment to an owner occupier. The 1.12 hectare property with 4099 square metres

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Essential services Land News Victoria 

Ryman acquires Essendon site for $165m village

May 21, 2021June 2, 2021 Marc Pallisco

Ryman Healthcare has picked up a small Essendon retirement village with plans for a full-service one. The sizeable 1.8 hectare

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Hotels News Queensland 

HPI, AVC snare five more Queensland pubs

May 24, 2021May 27, 2021 Marc Pallisco

A fortnight after paying the Scanlon family $10.45 million for Marcoola’s Surfair Beach Hotel, ASX-listed Hotel Property Investments has acquired

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Industrial Land National News Office 

Fife spends $200m on Buckeridge portfolio

May 26, 2021September 22, 2021 Marc Pallisco

Fife Capital is reportedly paying $200 million for a portfolio of industrial, office and residential investments. The 39 properties were

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News Office Victoria 

Australia Post quits city for Burnley

May 21, 2021May 27, 2021 Marc Pallisco

Australia Post will relocate its headquarters to Melbourne’s inner east Burnley. A company spokesperson confirmed the move to 480 Swan

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Land News Victoria 

Drouin housing site trades for $14m

May 24, 2021May 27, 2021 Marc Pallisco

A low density housing estate site at Drouin – outside of the Urban Growth Boundary but still accessible to metropolitan

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New South Wales News Office 

Government backed Bowral investment collects $9.5m

May 24, 2021May 29, 2021 Marc Pallisco

A federal government backed office in central Bowral has sold for $9.5 million reflecting a 4.6 per cent passing yield.

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Essential services New South Wales News Queensland 

AU spends $65m on retirement homes, land

May 20, 2021May 27, 2021 Marc Pallisco

Australian Unity is paying $65 million for Greengate’s aged care and retirement living portfolio. The deal includes three modern, operational

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Hotels New South Wales News Retail 

Mercato on Byron, land trades for c$120m

May 19, 2021May 27, 2021 Marc Pallisco

Wingate and Azzura Investments have sold a Byron Bay shopping centre and neighbouring development site for a speculated c$120 million.

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Industrial New South Wales News 

ESR secures two pre-commitments at Horsley Park

May 19, 2021May 27, 2021 Marc Pallisco

ESR has started constructing its $320 million Horsley Logistics Park, in Sydney’s west, after securing two pre-commitments. In the biggest

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