US giant swoops on Ayers Rock Resort
Ayers Rock Resort will be back in private hands following a c$300 million sale to Journey Beyond, controlled by New
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News
Irongate buys sixth investment this year
Irongate has snapped up its sixth investment this calendar year. The steel manufacturing plant at Glendenning cost $39 million –
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IP Generation eyes $700m Brisbane mall
Chris Lock’s IP Generation, since mid-year an arm of MA Financial, is eyeing another land-rich shopping centre, this time in
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PARC sheds Fremantle’s Piazza after three years
PARC Developments has sold the biggest of two neighbouring properties bought in 2022, in Fremantle’s South Terrace retail heart. Also
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NSW’s biggest CBA branch sells to Melburnian
A Melbourne investor said to be backed by Asian capital has swooped on New South Wales’ largest Commonwealth Bank of
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Industrial investment fetches $22m with a leaseback
The owner of Design RV has sold a recently completed manufacturing plant with a leaseback. The off-market deal for 5
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Modest capital gain from Quest held nine years
A Singaporean syndicate has made only a modest capital from a north Adelaide serviced apartment complex held nine years. Quest
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Hale buys $50m Melbourne warehouse to extend
Hale Capital has quietly bought Oakleigh South’s recently vacated Synnex headquarters with plans to extend and repurpose it as a
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Lifestyle sells Ocean Grove block
Aged care and land lease operator Lifestyle Communities has sold an Ocean Grove tract – one of four sites it
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Millinium snares another ex-Jon Adgemis pub
The unwinding of Jon Adgemis’ once significant hospitality empire continues, with receivers selling another pub. The freehold going concern of
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Not for profit, SC Capital find Parramatta tenants
Vision Australia has found a tenant to let its former Enfield Centre at Parramatta. Another not-for-profit, Life Without Barriers, will
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Avive chooses site for maiden SA hospital
Australia’s only psychiatrist owned and operated mental health group, Avive Health, has pre-committed to a 60 bed private hospital –
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Gibb Group sells Chep Service Centre
Matthew Gibb has sold a modern CHEP Service Centre north of Adelaide. On 5.6 hectares, 37 Caribou Drive, Direk, collected the
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Developers trade Brisbane housing estate site
CFMG Capital has sold a chunk of Park Ridge’s Birchwood Estate. The 15.75 hectare amalgamation, 95-103, 105-115 and 117-127 Koplock
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Gravanis brothers snap up Barangaroo building
Lendlease has sold a modern mixed-use building overlooking Pyrmont Bay – part of its $10 billion Barangaroo South precinct. The
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Armadale supersite sells between owners
EXCLUSIVE An enormous retail complex and gym in Armadale – one of the exclusive precinct’s largest undeveloped sites – has
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Family offices trade Chapel Street ‘huts site’
Family offices have traded South Yarra’s ‘Chapel Lane huts’ site, actually in Chapel Street, permit ready for a seven level
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Autopact buys two yards from landlord
Major car dealer Autopact has bought two regional New South Wales yards from the landlord at disparate yields blended to
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Volkswagen hunkers down in Melbourne
Volkswagen Group – behind 10 brands including Bentley, Ducati, Lamborghini and Porsche – has renewed its tenancy at a major
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Charter Hall bags unique Sydney mall
Charter Hall has bought one of three triple supermarket anchored Sydney shopping centres. Also with a permit for a multi-building
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Asset manager sells St Lucia Marketplace
Trident Funds Management has sold St Lucia Marketplace – its first retail investment – after just over five and a
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Elizabeth Street shops, apartments sold
A mixed-use building spectacularly located on Elizabeth Street, opposite the GPO, occupied by H&M, diagonally adjacent to Bourke Street Mall,
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Aldi sublets Prestons warehouse
Aldi has secured a national transport company to sublet part of a cold storage and distribution centre in Sydney’s south
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Desane strikes sale, lease deals at Lane Cove West
Desane Group Holdings has leased and sold near neighbouring office/warehouses in the Lane Cove West industrial estate. The group is banking
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Sydney council banks $19.1m for land
The City of Canada Bay has reaped $19.1 million – well over expectation and reserve, according to the agents –
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Manly backpacker sold, set for refurb
The Manly Boardrider backpacker complex has sold as a freehold going concern and will now be refurbished. Able to sleep
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Weave makes maiden Australian accommodation play
Weave Living – backed by KKR and Warburg Pincus – has bought an inner south west Sydney site with plans
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Barwon divests regional medical centre
Barwon Investment Partners has sold another regional Western Australian asset from the Healthcare Property Fund. The group is effectively breaking
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Site chosen for maiden Melbourne Wendy’s store
Flynn Restaurant Group, owner of fast-food chain Wendy’s, which announced earlier this year plans to trade in Australia, has chosen
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Sprawling Perth bar and bistro trades for $5m
A large format hotel north of Perth sold after an Offers to Purchase campaign closing last month. The Alexander Bar
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Country motor inn trades between operators
Redhill Hospitality has shed a regional New South Wales motel, restaurant and bar after eight years. The Crest Motor Inn
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Japan giants back Salvation Army site redevelopment
Investa has called in two Japan based backers – Sotetsu Real Estate Co. Ltd and JR West Real Estate &
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Former Salem House, Glebe, sold
The historic former Salem House in Glebe, now a multi-purpose investment with four shops, three apartments, 233 square metres of
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Coles secures another growth corridor town centre site
Mirvac has sold the most significant commercial component of a major housing estate in Melbourne’s south east. Coles is the
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Singapore developer secures student accommodation site
Centurion has secured a south west Perth amalgamation with plans for a 19 level student accommodation complex. The Singapore based
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Woollahra shop trades for $7m
Another High Street style investment has traded, this time at Woollahra. The two level terrace at 107 Queen Street, leased
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Macquarie backed build to rent outfit secures another asset
Macquarie backed build to rent outfit Local has bought a major Melbourne asset due for completion in 2027. The deal
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Wesfarmers sells six Bunnings stores with leasebacks
Wesfarmers has sold six Bunnings stores with leasebacks as part of plans to wind up the BPI, or BPI No
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Underutilised industrial investment fetches $10m
A modern industrial investment, with the building covering a low 38 per cent of the block, in an outer south
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Oscars invests again in Adelaide
Sydney based Bill and Mario Gravanis are continuing a push into Adelaide, this time via a large format hotel with
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Kinglake flips Capalaba asset for a premium
Kinglake Group has turned an impressive capital gain selling a large format retail investment after 16 months. The Melbourne based
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Clarence sells new bayside childcare centre
Clarence Property has completed the funds through sale of a childcare centre in Brisbane’s bayside Lota. The $7.45 million off-market
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Waiters Restaurant operators sell CBD building
An occupier – not Justin Hemmes or Chris Lucas, who own neighbouring properties, or the business which rents part of
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New Hungry Jack’s fetches $6.7m
A new Hungry Jack’s at Tamworth collected $6.7 million – a 4.63 per cent net passing yield. On 1756 square
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Balwyn North arcade sells $1m over reserve
The two storey Balwyn North Village Arcade – home for decades to Danny Lee Designs, Lemongrass Chicken and Saki Japanese
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Interstate investor buys Northland Homemaker Centre showroom
A piece of the Northland Homemaker Centre, opposite the super-regional Northland, in Melbourne’s north Preston, has sold for $6.125 million.
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Developer swoops on ex-Sizzler
Devcon Property Group has picked up the former Sizzler restaurant, in Maroochydore’s Cotton Tree, with plans to renovate and develop.
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Properties & Pathways lets, sells ex-Spotlight showroom
Properties & Pathways has flipped a regional Victorian showroom after eight months with a new eight year lease. The asset
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Zagame family list trophy Melbourne hotel
Richmond’s trophy The Grand Hotel has been listed for sale by the Zagame family. The enormous pub – with 780
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Mitsubishi buys into $2b Darling Harbour project
Mitsubishi Real Estate has bought a half stake in a $2 billion apartment, office and retail complex, at Darling Harbour.
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French asset manager secures maiden Melbourne BTR complex
AXA Investment Managers Alts has bought a build to rent investment, set for a prominent inner city Melbourne corner. The
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Government sells CBD building with development restriction
The owner of landmark skyscraper 101 Collins Street has sold a low rise building behind it after adding a covenant
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Developer doubles down in Richmond
Kokoda Property Group’s Mark Stevens has bought a second Richmond development site in five months. The Adairs and Marmar showrooms
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Council quietly fills $80m warehouse bought for park
In a surprise move, the City of Sydney has found a tenant for an enormous property bought last year to
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Australia’s only wholesale motel fund buys second asset
Deltine Capital, for Australia’s only wholesale motel fund, has bought a second asset – sticking to the east coast. The
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Yamaha HQ trades between asset managers
Clarence Property Group has snapped up Yamaha Motors Australia’s state headquarters and distribution centre. The $42 million deal for the
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Centuria sells warehouse after leasing campaign
Centuria has sold another asset from the Industrial REIT (CIP). The vacant property, 680 Boundary Road, Richlands, is collecting $38
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Developer picks up underutilised Brisbane office
Will Griffin and Steve Jones, founders of OneFin, are the latest asset managers to buy into Fortitude Valley’s St Pauls
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Not for profits trade major inner-city office
Recruitment agency Maxima, which last month lost federal funding resulting in the need to end many disability training services, has
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Historic Loreto Primary School sold, set for repurpose
It is the end of an era in Perth’s ritzy Nedlands with the Loreto Sisters settling on the sale of
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Enormous Peter Stevens workshop sells to another occupier
A former TNT Logistics warehouse in Melbourne’s inner north west Kensington, for decades owner-occupied by Peter Stevens, which temporarily went
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Transport for NSW banks premium for Blacktown block
Transport for NSW is continuing to reweigh its portfolio – this time selling a Blacktown block capable of yielding an
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Singapore asset manager eyes Monash University campus
The GPT Group is selling another Docklands asset from its Wholesale Office Fund. The Monash University Docklands campus, built in
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Pomeroy, Quattro secure luxury apartment site
Mark Pomeroy’s Pomeroy Pacific with Quattro Corp – the family office of Peter Quattro – has quietly snapped up a
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Investor buys vacant Perth warehouse
A vacant industrial investment near Perth Airport sold for $7.81 million. The 9277 square metre holding at High Wycombe found
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Lloyd Williams sells luxe Melbourne penthouse
Lloyd Williams has sold a sprawling Melbourne penthouse, opposite the Shrine of Remembrance and new Anzac station, three kilometres from
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Glenn Piper led syndicate buys historic northern NSW pub
Glenn Piper is buying the freehold going concern for Tweed shire’s oldest pub on behalf of a syndicate to be
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Australia’s first timeshare resort sold, set for repurpose
The Cedar Lake Country Resort – Australia’s first timeshare village, developed in 1977 – has sold. The freehold going concern
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JY Group buys another shopping centre stake
JY Group has bought another shopping centre half stake, this time in Sydney’s south west. The interest in Bankstown Central,
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‘Buy wholesale, sell retail’ strategy delivers another windfall for Terraplex
Unitholders in a syndicate managed by Anthony Wilson’s Terraplex have reaped a windfall of 23 per cent – just over
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Brisbane medical centre fetches $12.4m
Centuria has sold a south Brisbane medical centre bought new eight years ago. The Yarrabilba Health Precinct, as it was
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Justin Hemmes to open first Melbourne venue
Justin Hemmes’ Merivale will open its first Melbourne venue – replacing part of a Meyers Place building he bought two
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Mapletree secures site for maiden Australian student accommodation complex
Mapletree Investments has bought a permit-ready site with plans for its first Australian student accommodation complex. The 1398 square metre
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Historic Firehouse Hotel sold
Sonnel Hospitality has snapped up North Sydney’s Firehouse Hotel. The freehold going concern for 86 Walker Street cost the group,
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Investor buys office/warehouse off-market
A local investor has quietly paid $9 million for a south east Melbourne office/warehouse with a new long lease. The result
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Dandenong court building let, sold renovated
Private investors have traded one of two Victorian Family Law courts and the only one out of Melbourne’s CBD. The
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ADCO sells HQ with a leaseback
Quanta Investment Funds has bought another commercial property for a single asset fund. The two building office complex, 23 Graham
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Occupiers trade Keilor Park office/warehouse
Commercial plumbing contractor Cooke & Dowsett has paid $11.5 million for a modern office/warehouse diagonally adjacent to its local headquarters.
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Receiver sells vacant Monbulk Jam Factory
The landmark manufacturing plant at The Patch, built in 1909 by James Camm as the Monbulk Jam Factory, has sold.
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Investors still targeting childcare centres
Childcare centres are continuing to find favour with investors despite recent negative industry coverage including this month, a state government
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