Growthpoint sells Petrie Terrace’s The Barracks
Growthpoint has sold Petrie Terrace’s The Barracks mixed use complex, picked up with its takeover of Fortius Funds Management three
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Author: Marc Pallisco
Trophy warehouse converted office for sale, Melbourne
A warehouse converted office, developed in the late 1880s for bootmaker Charles Trescowthick, who employed more than 250 people, is
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ISPT sells Parramatta office
ISPT has sold a modern Parramatta office with a 28 per cent vacancy. The Barrington at 10 Smith Street is
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Publicans trade west Sydney hotel
Vikki Webster has sold the family’s Richard’s on the Park, at Canley Vale. Lewis Hotels, led by John Lewis, is
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Perth caravan park, Queensland Mercure find buyers
ASX listed Eureka Villages has swooped on another caravan park, this time in outer south east Perth. Hillside Garden Village
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Feros family secures border town pub
The Feros family has bought Albury’s Northside Hotel from Harvest Hospitality Group which bought the freehold going concern just after
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Lawson Park Hotel, Regent Theatre sold
Lawson Park Hotel and the neighbouring Regent Theatre at Mudgee, 240 kilometres north west of Sydney, have sold to separate
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Government sells five town centre sites
Development WA has sold five small town centre sites, all up covering 1.07 hectares, part of the Wellard housing estate,
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Occupier buys Flinders Lane shop
Cha Ching Group has bought the ground floor retail space within a historic building, in the prime section of Flinders
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Asian investor buys bank backed showroom
An Asia based investor swooped on a single storey, land rich showroom, office and warehouse in Sydney’s west Auburn for
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Developer buys $40m growth corridor block
Ausbuild is the latest developer to buy a Logan growth corridor block. The local outfit has outlaid $40 million off-market
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Charter Hall lists Sydney childcare centre
Charter Hall has listed another childcare centre, this time on Sydney’s Upper North Shore. The 87-place complex, 143-145 Pentecost Avenue,
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Tollman family sell lakeside Melbourne office
South Africa’s Tollman family has sold an office held 14 years opposite Albert Park Lake. The six storey, 1700 square
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Lendlease, NPP shed southern hemisphere’s largest single storey mall
Fawkner Property is buying Erina Fair – the southern hemisphere’s largest single storey shopping centre. The deal, with Lendlease and
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MAB sells new large format retail complex
MAB Corporation has sold another piece of its Element Park estate, in Melbourne’s outer south east. The new Clyde North
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Hotelier makes it 10 in Queensland
Sean and Dan O’Hara have sold the Gracemere Hotel, south of Rockhampton, after two years. The brother’s O’Hara Hotel Group,
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Toowoomba motel, cabins sold after 30 years
A sprawling suburban Toowoomba hotel and caravan park has sold to an operator. The two hectare Jeffery’s Motel in Kearneys
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Redcape buys historic Brisbane pub
Redcape Hospitality has snapped up the c1864 Plough Inn in South Brisbane’s South Bank. The 89 year leasehold deal is
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Forza flips ex-Salvation Army HQ after revamp
EXCLUSIVE Forza Capital has sold a prominent east Melbourne office after 16 months. The Liechtenstein based Hilti Family Office is
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University sells ex-Mitre 10
The University of Tasmania has sold another site until recently earmarked for student accommodation. The school is understood to be
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Diagnostic imaging clinic portfolio fetches $18.6m
Three PRP Diagnostic Imaging backed investments sold at auction yesterday. The priciest, in Hornsby, west of Sydney (pictured, top), traded
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BYD chooses suburban office for HQ
BYD has signed a large suburban office lease deal, at Mulgrave. The China based car maker will occupy a full
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Investors drop $12.5m for Hungry Jack’s restaurants
Investors dug deep to secure two regional Hungry Jack’s restaurants this month. In the biggest deal, a 14 month old
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Inner Brisbane apartment site trades for $22m
A prominent site at the east edge of Newstead’s Longland Street commercial precinct sold off-market this month to a local
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Bondi Beach apartment block sold
An Art Deco apartment block on an elevated site 300 metres to Bondi Beach sold permit-ready for an extension, including
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Asset managers trade near new Brisbane industrial investment
Fife Capital and QIC have sold a two year old industrial investment in Brisbane’s north Geebung. The 3.5 hectare asset, 405
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Interstate investor buys Canberra LFR complex
A large format retail complex with 150 car parks, in Canberra’s south east, settled to an interstate investor this month.
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Benetas buys Roxburgh Park aged care complex
Benetas has settled on the purchase of the Moran Roxburgh Park aged care facility. The 98 room, 132-bed complex, 3
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Interstate investor buys Bunnings pre-auction
A Perth investor has bought Horsham Bunnings following a pre-auction offer reflecting a six per cent passing yield. The 9592
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Aged care investment trades for $15m
Postscript: this buyer failed to settle and the property sold on a second attempt. Details including about the purchaser in
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Australian Unity sells Melbourne day hospital
Melbourne asset manager The Property Advisory has made its maiden healthcare investment. The Greensborough Medical Centre and Day Hospital cost
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GWS executive buys Double Bay apartments
Greater Western Sydney deputy chairman, Adrian Fonseca, has bought a 1970s block of flats to refurbish and eventually extend. The
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Near new medical centre collects $20m
A year old medical centre beside Blacktown Hospital and Sydney University School of Medicine sold on a sub five per
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Newcastle council buys another asset
The City of Newcastle has snapped up another investment, this time at Sandgate. Coincidentally, the local government owned the 8.64
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AsheMorgan flips industrial investment
AsheMorgan has sold one of three properties acquired as a portfolio early last year from CapitaLand. An occupier bought 77
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Trustee sells Surry Hills office, shop, car parks
Aspen Group paid $8.01 million at auction this week for a strata titled office and shop and a dozen car
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Medical centre beside hospital for sale, Melbourne
A sprawling medical centre sharing part of a roofline with Macquarie Health’s Melbourne Eastern Private Hospital, is for sale. Also
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Asset managers trade life sciences facility
Australian Unity has sold a Lower North Shore medical technology, logistics and life sciences facility after 12 years. The three
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Ex-Village Bardon site sold, leased
Pradella has sold a commercial asset until recently known as Village Bardon. The vacant property, 63-65 MacGregor Terrace, Bardon, will
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West Sydney office sells for $7m
An Auburn investment with six office suites over two shops sold for $7 million The result for 3-5 Station Road
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Dementia Australia, MS list major Melbourne sites
Two not for profits listed major Melbourne assets this week. In Hawthorn, Dementia Australia is offering three historic mansions covering
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Apartment owners unite, sell to developer
The owners of 45 apartments in three buildings in Sydney’s north west Macquarie Park have banded to sell to a
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Chemist Warehouse executives buy historic Adelaide building
Chemist Warehouse executives have snapped up another high profile property, this time in Adelaide’s Rundle Mall. Via the National Retail
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Government sells north west Sydney site
Sydney Metro has sold a development site beside Tallawong station. The government is banking a speculated $27 million from the
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Huntingwood warehouse trades at 3.4pc yield
A Huntingwood property purpose built for fiberglass manufacturer Colan Australia has sold to a private investor. The $14.71 million result
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Iconic Melbourne nightclub for sale again
Prahran’s historic ‘Revolver building’ is for sale again. Developed in 1914, part of Chapel Street’s Colosseum complex – the four
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NextGen sells enormous suburban ‘country club’
EXCLUSIVE NextGen has sold a sprawling suburban Melbourne ‘country club’ on its second attempt. The 1.1 hectare facility, part of
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Austrak expands Port Adelaide footprint…again
Austrak has bought another site to expand the Port Adelaide Business Park. The Melbourne developer and investor paid $8.03 million
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Victorian Mercure trades for $10m
Another modern Mercure has sold, this time at Warragul. The four level hotel, developed 10 years ago at 23 Mason
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Receiver lists near new Melbourne hotel
One of failed developer APH Holding’s highest profile investments has been listed for sale by receiver and manager, KordaMentha. The
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99 Bikes portfolio offered with a leaseback
Postscript: these properties sold for a combined $17.25 million at auction. Eight more 99 Bikes stores are being offered with
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Kooyong Lawn Tennis Club buys Vision Australia HQ to expand
Postscript: in December, it will be announced this deal isn’t proceeding. Details here. The Kooyong Lawn Tennis Club has quietly
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Servcorp leases penthouse Sydney office
Servcorp has leased the penthouse floor of Parkline Place – Midtown Sydney’s first office in nearly a decade. The co-work
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Dan Murphy’s sold with a leaseback
Endeavour Group has sold a five year old Dan Murphy’s with a leaseback. A Victorian private investor paid $9.4 million
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InterContinental Hotel site approved for redevelopment
The state government’s Sydney Eastern City Planning Panel has approved the redevelopment of Double Bay’s InterContinental Hotel site, at 33
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Quanta secures Warwick warehouse
Quanta has quietly bought a recently refurbished and let industrial investment in Warwick’s Morgan Park. The 2.17 hectare property, 56
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Redfern Hotel sold after refurbishment
Marty Short has sold the Redfern Hotel after nine years and a refurbishment. The publican’s Welcome Hospitality is banking more
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Peter Spargo lists final piece of mixed use project
Peter Spargo has listed the final piece of a mixed use commercial project in Melbourne’s north. Mickleham Medical, completed last
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Centennial doubles down in south Sydney
Centennial has picked up a 10.9 hectare Kurnell industrial investment – its second in south Sydney since April. The $65
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Noodle maker seals site for first Australian manufacturing plant
Brookfield Properties has announced another deal at what will be one of Cardinia’s biggest business parks, at Pakenham. Ballarat Food
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Growth corridor car yard, land fetches $20.4m
A major car yard and undeveloped tract at Vineyard, near the McGraths Hill border, has sold for $20.4 million. The
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Occupier drops $1.6m for showroom, office
A triple storey inner east Melbourne office/showroom has sold for $1.6 million. The Victoria Street, Abbotsford, property, was offered by
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Asset managers trade Melbourne office
AEW has sold its maiden Melbourne investment after six years. The Boston based asset manager is banking $167 million for
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Industrial fund spends $47.5m in Melbourne
NGS Super has sold neighbouring Dandenong South investments after 10 years. The industry fund – primarily for non-government and education
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Properties & Pathways sell piece of homemaker centre
Properties & Pathways has sold an Ipswich large format retail investment held nine years. Part of the Booval Homemaker Centre,
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Coles buys another town centre site
Coles has quietly snapped up another town centre site, this time at Tahmoor, in New South Wales’ Macarthur region. The
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Government appoints developer for $100m project
The Crisafulli government has appointed Ignite Projects to develop a gateway Gold Coast site, at The Spit. Branded The Isles,
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Outgoing REA chief downsizes to $9m mini manor
Soon to retire REA Group chief executive officer Owen Wilson and his wife, Leisl, have snapped up the historic Afton,
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Charter Hall lines up another triple supermarket anchored mall
Charter Hall is buying the landmark Burwood One shopping centre – the home of Australia’s first Kmart, opened 1969. For
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Barings buys office, warehouses worth c$425m
Barings is speculated to be spending c$425 million on an A-grade office leasehold and two distribution centres. In the biggest
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Public Transport Authority buys office from landlord
The Public Transport Authority of Western Australia has bought a Perth CBD office from the landlord. The former Sunday Times
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Deluca sells piece of Berrinba Central
Deluca Corporation has sold a two year old office and essential services asset, part of Berrinba Central, in Brisbane’s Logan
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Medical fund manager sheds Brisbane investment
A Healthley fund has sold neighbouring Brisbane essential services investments held eight years. The medical focused asset manager is banking
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Barwon divests medical-office
Barwon Investment Partners has sold a medical-office asset after four years. The Red Cross headquarters – Humanity Place – at
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Falcon receivers take major hit on Richmond site sale
EXCLUSIVE A receiver for Falcon Capital has sold a major Richmond development site for about $13 million – some $5.4m
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US timeshare giant buys Hepburn Springs resort
Florida based hospitality giant Travel & Leisure Co has bought Hepburn Springs’ recently renovated Hotel Bellinzona, now set to be
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Dubai asset manager sells maiden Australian investment
Sidra Capital, which invests in Shari’ah-compliant assets, and 90 North Real Estate Partners, have recorded a modest capital gain from
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First time commercial real estate investor buys preschool
The 10 year old Bingara Gorge Community Preschool has sold to a first time commercial property investor, also a doctor,
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Investor pays cash for residential, commercial asset
A five level strata titled residential and retail investment south of Gladstone has sold for $14.5 million cash. The result
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Leyton spends $27.5m for Adelaide investment
Leyton Funds has bought a major industrial investment in Adelaide’s north. Following an off-market deal, the asset manager outlaid $27.55
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