Farmland deal worth $780m falls through
A major sheep station portfolio deal worth $780 million has fallen through. Australian Food and Agricultural Company, previously controlled by
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Author: Marc Pallisco
Up Property swoops on CBD corner office
Up Property has purchased its first Melbourne CBD investment – an office highly exposed to a tree-lined section of Queen
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Chemist Warehouse execs dig deep for Oakleigh store
Executives for Chemist Warehouse, which was listed on the stock exchange February, have picked up another asset occupied by the
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Ryman, DM trade slice of ex-school
Ryman Healthcare has sold a piece of the former Brandon Park Secondary School at Wheelers Hill to a townhouse developer.
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Offshore investor buys inner-city boarding house
An offshore investor has purchased a fully leased, under-utilised boarding house in Sydney’s inner west Ashfield. The three level complex
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Broome clinic sells for second time in four years
A state government backed office and medical centre in Broome’s Cable Beach has sold for the second time in four
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Not for profit to shift HQ within South Melbourne
Southport Community Housing Group will switch its headquarters within South Melbourne. The not for profit has leased a 220 square
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Investor buys Art Deco apartment block
Historic Hunter Lodge, in beach side Tamarama, has sold on a second attempt. The vendor had to accept a discount
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Beyond Bank sells ex-ACT office
Beyond Bank has sold a Mawson office it part occupied for decades. The two level building on 1604 square metres
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Popular German restaurant commits to maiden Melbourne space
Popular Geelong German restaurant Das Bierhaus is coming to Melbourne The operators have chosen a 575 square metre space, the ground
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La Trobe University kicks off $5b rebuild
Construction has started to rebuild La Trobe University’s Bundoora campus as a $5 billion education and innovation hub supported by
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GMH to consolidate in Dandenong South
EXCLUSIVE General Motors Holden Australia and New Zealand will consolidate it local operations to a recently completed warehouse at Dandenong
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EG sheds two Sydney industrial investments
EG Group has settled on the sale two major Sydney industrial investments from the Australian Core Enhanced (ACE) portfolio. In
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Sprawling inner-west industrial investment trades on low yield
An uber-prominent showroom/warehouse in Melbourne’s inner west has traded off-market. The $15.5 million achieved for 79 Sunshine Road and 4
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Suburban Brisbane Sebel trades for $22.4m
Alivio Group has swooped on a near-new Sebel branded hotel in Brisbane’s north east. The four storey, 56 room asset
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Occupier spends $35m for Melbourne industrial site
Saputo Dairy Australia – backed by Canada’s Saputo which in 2018 bought Murray Goulburn Co-operative – has sold another major
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Cromwell, Elanor secure high profile Melbourne office tenants
Cromwell has renewed Metro Trains Limited to nearly a third of its 700 Collins Street office (pictured, top), at Docklands.
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Kedron commercial investment collects $21m
A retail, office and childcare asset in Brisbane’s north Kedron has sold to a private investor. The $20.7 million achieved
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Growth corridor Perth mall fetches $30.1m
Locus Property with Security Capital Australia has swooped on a modern shopping centre at Alkimos, on the coast, 45 kilometres
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Freecity secures two more offices for BTR conversion
EXCLUSIVE Freecity Group has bought two more offices from GPT – next to each other at Sydney Olympic Park –
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Not for profit banks $21.6m for ex-HQ, laboratory
Kids Research Institute Australia has sold the Subiaco headquarters it quit seven years ago. The not for profit banked $21.55
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Stockland fills new buildings at Melbourne industrial estate
Stockland has secured five tenants to four recently completed buildings at its Altona Industrial Estate, 10 kilometres west of Melbourne.
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Woolworths sells Bunbury block to developer
Woolworths’ development arm Fabcot has sold a prominent site with three street frontages at Australind, about 160 kilometres south of
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Occupier pays $23m for shovel-ready office/warehouse site
Nutrien Ag has sold a west Melbourne site permit-ready for a major office/warehouse. The 2.254 hectare Industrial 2 zoned parcel,
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Brisbane storage giant doubles down in Melbourne’s leafy east
National Storage has bought a block neighbouring a major near-new facility in Melbourne’s leafy east. The Brisbane based buyer snared
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Greystar makes biggest Asia Pacific investment
Singapore sovereign wealth fund GIC with SGX listed Wee Hur Holdings have banked $1.6 billion from seven Australian purpose-built student
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Fund manager sheds small Sunshine Coast mall
Westbridge Funds Management has quietly sold a Sunshine Coast IGA-backed retail investment after nine years. On behalf of the Diversified
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Row of Sydney shops fetch $30m
A row of shops in north west Sydney has sold for $29.8 million – a blended 2.09 per cent yield.
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Ex-Southern Cross Care HQ sells again
The parkside former headquarters of not for profit Southern Cross Care has sold for the second time in four years.
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NSW, Vic governments sells development sites
The New South Wales government has sold five adjoining lots just off the Great Western Highway at Stanmore. The 1080
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Morry Schwartz lists Collingwood pub with apartment permit
Morry Schwartz is selling a prominent Collingwood pub after failing to win approval to replace the airspace with an eight
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Hometown secures two more land lease communities
Hometown Australia – the local arm of US-based all age communities operator, Hometown America – has snapped up two more
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South African billionaire, US operator bid for $2b storage business
South African billionaire Nathan Kirsch with US-listed Public Storage are seeking to buy out Abacus Storage King. The non-binding proposal
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Amart founder sells Sunshine Coast estate for record price
Billionaire businessman John Van Lieshout and his wife Linda have sold a sprawling Sunshine Coast hinterland estate for over $12
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Mormon church, Canada super fund buy farms
An investment arm of Utah based Church of Jesus Christ of Latter-day Saints, commonly known as the LDS Church or
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Ex-NRL player leases sprawling Melbourne property for new venture
A new luxury car dealership launched earlier this year by Maas Group founder Wes Maas, an ex South Sydney player,
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Mantzis Group swoops on historic Melbourne office
Dexus has sold a heritage Collins Street office, acquired through its acquisition of AMP Capital’s real estate and domestic infrastructure
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ESR offloading another business park
Hong Kong listed JD.com Inc, also known as Jingdong Property, is buying an 18 month old fully let business park in
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Laundy led consortium sheds permit-ready pub site
Laundy Hotels with the Cottle and Wearn families have shed an outer south west Sydney site permit-ready for a large
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Redcape snaps up Maeva pub portfolio, 128 EGMs
Redcape has added four Sunshine Coast pubs and 128 electronic gambling machines to its book via a deal for Maeva
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Blackstone, Investa trading stake in $1.85b office
Blackstone is reportedly selling its stake in Sydney’s landmark Grosvenor Place. The speculated potential $1.35 billion deal, with Oxford Properties-backed
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Alta swoops on Albert Park Lake site
Alta Property, led by ex-Fridcorp co-owner and joint chief executive officer, Nigel Givoni, has swooped on an inner-city office with
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Heavyweight asset managers seal Perth office, industrial lease deals
Brookfield Properties and Cbus have secured a tenant for a third of a new Perth CBD office, practical completion of
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Wolfdene secures another Perth growth corridor site
Melbourne developer Wolfdene has quietly purchased another Perth growth corridor housing estate site. The nine hectare tract, covered by the East
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Southern Highlands, Yorke Peninsula pubs find buyers
Buyers have swooped on two established regional hospitality assets, on the Yorke Peninsula in South Australia and in New South
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Kokoda snares Melbourne site for maiden office
Kokoda Property has chosen an inner-city Melbourne site for its maiden office (artist’s impressions, right and below). The 854 square
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Local operator snaps up ex-Coles
Drakes Supermarket founder and managing director Roger Drake has made a sentimental property play, at Mount Gambier. The executive’s retail
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Port of Brisbane cements major lease deal
Port of Brisbane has renewed Cement Australia to a 9.17 hectare piece of Bulwer Island, at Pinkenba. The deal is
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Country’s largest member-owned bank profits from ex-HQ sale
EXCLUSIVE Teachers Mutual Bank, for decades known as the Teachers Credit Union, has sold its former national headquarters, in Sydney.
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Malaysia’s richest person sells Surfers Paradise hotel, marina
EXCLUSIVE Malaysia’s richest person, 101 year old Robert Kuok, has sold the Vibe Hotel Gold Coast and Surfers Pavilion after
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Aspen spends $45m for WA sites
EXCLUSIVE Land lease, living, lifestyle, over-55 community and tourist accommodation provider, Aspen Group, has bought a major Ravenswood block, south
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Equipment rental giant to consolidate at Brisbane Airport
United Rentals – the world’s largest equipment rental company – will consolidate two Brisbane container yards to an uber-green one,
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Avid buys AV Jennings
US-based Proprium Capital Partners, for its local managed arm Avid, has made a $365 million takeover bid for home builder
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Transport group doubles down in Melbourne’s west
Calleja Group has quietly bought a site next to one of its two Melbourne truck transfer stations. The 8920 square metre
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Private school shelves junior campus plan, lists blue ribbon site
EXCLUSIVE Korowa is selling a large blue ribbon Melbourne site after deciding against developing a junior school and childcare centre there.
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Roche family sell major Encounter Bay block
EXCLUSIVE The billionaire Roche family has parted with an Encounter Bay housing estate site after obtaining a permit for a
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Lutherans buy replacement HQ
After selling its sprawling North Adelaide headquarters last year, the Lutheran Church in Australia has tipped part of the proceeds
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Coles Cowes trades on 4.7pc yield
A 14 year old Coles in central Cowes has traded between private Melbourne investors. The $23.75 million achieved for 114-122
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Centuria Bass, Plenary appoint chiefs
In his 20th year with Plenary Group, Paul Crowe has been appointed chief executive officer. As part of a planned
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Council buys Bondi Beach apartment block
Waverley Council has used developer contributions to purchase a 1940s block of flats in trendy Bondi Beach. The $8.55 million
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Brisbane investor snares Newcastle hospital
Northwest Healthcare has sold the Toronto Private Hospital, south west of Newcastle, to Axon Capital. The three level, 105 bed
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Logistics giant banks $21m from ex-Sydney base
IMEX Shipping has sold its former west Sydney headquarters to the occupier of five years. The $21.1 million sale of
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Japanese investment giants trade stake in Sydney’s tallest office
MEC Global Partners Asia is believed to be buying a minor stake in Sydney’s landmark Salesforce tower, which carried a
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Coronation fills BTR tower
Coronation Property and its build to rent division, Nation, have filled a major investment in Sydney’s west Parramatta. The Charlie
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Occupier secures warehouse converted office for a discount
An occupier has swooped on a warehouse converted office for $185,000 less than the vendor paid five years ago. Absolute
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Woolworths-backed distribution centre trades on 6.5pc yield
A cold storage investment at Devonport – Tasmania’s third biggest city – leased until at least 2036 to a Woolworths
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T2 to reopen flagship store after swank revamp
T2, owned since 2022 by CVC Capital Partners, is readying to reopen its flagship store after a swank renovation. A
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Legal bigwig lists one of two Walsh Street homes
Australia’s highest paid legal chief executive officer, Gavin MacLaren, is selling a South Yarra home after upsizing in the street.
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Tattarang unveils maiden Queensland Akubra store
Andrew and Nicola Forrest’s investment vehicle, the new owner of Akubra, has chosen the heart of Brisbane’s CBD for that
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HIA buys another HQ
The Housing Industry Association has snapped up another office to occupy, this time in Melbourne. The official body of the
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Not for profit lists major apartment site
Villa Maria Catholic Homes, or VMCH, has listed for sale a park side block permit-ready for a multi-level aged care
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Melbourne City Mission divests historic Hartnett House
Melbourne City Mission has sold its second last childcare centre after bowing out of operating in the sector. Hartnett House
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Former La Luna restaurant sold
The Carlton North building which for 26 years until August accommodated celebrity chef Adrian Richardson’s popular La Luna sold this
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Occupier scoops up north Adelaide industrial sites
Porter Group has snapped up adjoining Adelaide properties to occupy. The Regency Park holdings, 19 and 21 Opala Street, abutting
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Trophy historic bank for sale
A historic ex-State Savings Bank on arguably the best corner in a thriving suburban Melbourne shopping village, is for sale for
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North Lakes gym sells after extension, reno
Keymax Property Group has sold a recently extended and revamped gym investment at North Lakes, north of Brisbane. The 2411
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Centuria, ESR trade Perth warehouses
ESR Australia is selling two adjoining Perth warehouses – branded one business park – to Centuria for an opportunity fund
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Toll signs Melbourne, Brisbane office lease deals
Toll Group, which sold to Allegro Funds in 2021, has leased two city offices. In the most significant deal, in
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Brookfield sells Brisbane site after shelving BTR proposal
Brookfield has sold the prominent Portside Wharf retail and entertainment complex, ending a 22 year association. The fund manager is
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Chinese truck maker expands in Melbourne
Sinotruk Australia has leased another Melbourne property, this time at Dandenong South. The Chinese truck maker has chosen 1/47-63 Remington
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