Vicinity Centres banks $631 million from sale of 11 shopping centres across Australia

Vicinity Centres has sold 11 shopping centres spread across Victoria, New South Wales, Queensland and Western Australia, for a total of $631 million. One asset, the Belmont Village shopping centre in Geelong, and worth $58 million, sold in a deal which settled last month to a Sydney-based investor, the Geelong Advertiser reports. Ten more assets

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Hawaiian and QIC pay $4 million for retail asset adjoining their Claremont Quarter shopping centre

Hawaiian and Queensland Investment Corporation have paid $4 million for a historic building next door to their Claremont Quarter shopping centre, in west Perth. The consortium acquired 21 Bay View Terrace (pictured, top) in Claremont from private investors which previously occupied the building. The double-storey retail asset includes 340 square metres of lettable area, which

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Malaysian pension fund looks to near-double its outlay offloading Melbourne office

A modern office in Melbourne’s Docklands is for sale with price expectations of about $200 million – a substantial rise on the $113 million paid in 2010 by the vendor, Kumpulan Wang Persaraan (Diperbadankan), also known as Retirement Fund Incorporated – a Malaysia-based pension fund. The 10-storey building at 737 Bourke Street (pictured, top and

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Ousted PM Malcolm Turnbull lists Canberra penthouse for sale

The month after being replaced as the leader of the federal Liberal Party, Malcolm Turnbull is selling his Canberra penthouse. The two-level dwelling offers “the most sensational views over Lake Burley Griffin” and is “lightly lived in” according to the online advertisement posted by the marketing agents, Berkely Residential’s Peter Salapatas and Bill Lyristakis. It

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Claudia Karvan and Jeremy Sparks to sell Redfern warehouse apartment

Actress, director, producer and script writer Claudia Karvan with partner Jeremy Sparks, a successful engineer, can expect some $2.7 million from the sale of their former home, a four-storey warehouse apartment (pictured left and bottom) in Sydney’s inner-south suburb of Redfern. The property – within a former clothing factory which Mr Sparks converted into five

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AXA Investment Managers acquiring four hotels on Australia’s east coast for a speculated $330 million

Paris-based AXA Investment Managers is continuing a national real estate spending spree, entering due diligence to buy four hotels on the east coast for around $330 million. The assets include: • Novotel Sydney Olympic Park (pictured, top) with 177 rooms • Pullman at Sydney Olympic Park (218 rooms) • Ibis Sydney Olympic Park (144 rooms)

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Twelve storey super-skinny hotel mooted opposite Melbourne hospital precinct

A twelve storey hotel with 55 suites, but three car parks, is mooted to replace a historic workshop opposite the Royal Melbourne and Royal Women’s hospitals and Victorian Comprehensive Cancer Clinic. The application for 61-63 Flemington Road, North Melbourne, will be the latest “super skinny” tower for the city: the site, on the north-west corner

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Industrial sites in Melbourne’s Kensington earmarked for an eight storey apartment complex

An eight level apartment building will replace three industrial sites (pictured, left) in the Melbourne suburb of Kensington, if approved by the local council. A total of 41 apartments are mooted for the 1068 square metre holding covering the addresses 415-423 Macaulay Road, nearly three kilometres north-west of the CBD. The parcel is about 200

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