Ryman shelves Mornington Peninsula aged care plan, sells site
Ryman Healthcare has quietly sold Mt Eliza’s historic Moondah estate – deciding against replacing the grounds with a high-density aged
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News
Dymocks sells major Melbourne office
Dymocks Group is close to selling a major Melbourne office held 11 years. Kokoda Property Group is speculated to be
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Blackfox secures modern logistics investment
EXCLUSIVE Blackfox has bought a distribution centre investment at Kooragang, north of Newcastle. The 3.24 hectare SP1 Special Activities zoned
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Plenary fills chunk of Footscray Hospital
Parkwood Green Medical has leased a large piece of a prominent office, part of the Footscray Hospital, nearing completion in
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Lindum, Stamford pick up two rundown Melbourne warehouses
Lindum Property Partners and Stamford Capital Investments have snapped up two neighbouring Melbourne industrial investments with repositioning upside. The blocks,
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Bernardi’s Marketplace Forbes sold with leaseback
The Bernardi family has sold the eponymous Marketplace Forbes with a 10 year initial leaseback. On 8461 square metres at
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Porter family sell outgoing Mitre 10 store
Clover Property Partners, a retail investment fund led by ex-agency directors, Mark Wizel and Lewis Tong, has snapped up a
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Growthpoint JV buys another asset
Growthpoint has added another investment to the Australian Logistics Partnership, majority owned by TPG Angelo Gordon. The 2.4 hectare Bundamba
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Dexus ups stake in Australia’s second biggest mall
Dexus has bought another 25 per cent stake in Westfield Chermside from SCentre Group. The deal is worth $683 million
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AV Jennings sells ex-Bunnings
AV Jennings has sold an ex-Bunnings warehouse after deciding to replace it with 761 apartments. The 2.55 hectare Mixed Use
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Kokoda snares trophy hotel from Jon Adgemis receiver
A liquidator for John Adgemis’ Public Hospitality Group has sold a high profile inner-city ex-State Bank, for 30 years a
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Council secures university to woolstore converted office
The City of South Sydney has secured the University of Notre Dame Australia to the ground, first and second level
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KordaMentha sells Woolworths anchored shopping centre
KM Property Funds has sold a modern, Woolworths anchored shopping centre in Adelaide’s north east. The Stables at Golden Grove
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Developer sells new co-living investment
A six storey co-living investment built in place of a commission house, on Sydney’s Lower North Shore, has sold. Botanic
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Robin Khuda buys two Melbourne sites for new business
Airtrunk founder Robin Khuda has snapped up two investments with development upside each side of Melbourne’s CBD. Via a new
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McDonald’s coming back to Puckle Street
EXCLUSIVE McDonald’s is coming back to Moonee Ponds after over three decades. The group is refitting a 435 square metre
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Charter Hall lines up three more malls
Vicinity is speculated to be selling three of its smaller regional shopping centres to Charter Hall for a total c$250
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Arcare buys another development site
The Knowles family’s Arcare has bought another development site, this time in Brisbane’s Moreton Bay. The Melbourne-based boutique aged care
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Fitzroy’s Acme factory sold, set for development
The Jacka family has sold the prominent Fitzroy warehouse converted office since the 1990s home to the Southern School for
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Ausbuild buys another Brisbane site
Ausbuild has bought its second Brisbane development site in as many months. The 2.18 hectare parcel, 260 and 280 Ridley
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Newmark buys VicRoads testing and inspection centre
Newmark Capital has bought a VicRoads testing and inspection centre for a diversified fund it seized control of in June.
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Asset managers trade Victorian tourist park
Equinox has sold one of two Victorian tourist accommodation villages bought in 2019. ASX-listed Eureka Group is the buyer: the
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Developer drops $12m for Toowoomba block
Boldstone has bought another Toowoomba housing estate site. The Brisbane based builder paid $12.15 million for the four hectare block,
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Billionaire family buy landmark mall, hotel
Forest Endeavour, controlled by the billionaire Lin family, also owners of Shayher Group, has snapped up a landmark Surfers Paradise
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Paul Lederer secures major campus-style office
Paul Lederer is buying a major campus style office in Canberra’s geographic centre. The Yaradhang Building on 1.04 hectares at
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EG sells Gold Coast’s Forum site
EG Funds has sold Surfers Paradise’s prominent Forum complex after deciding against replacing the site with two towers, of 72
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Asset manager doubles down in Prestons
Centennial has bought another major Prestons industrial investment. The 1.76 hectare IN3 Heavy Industrial zoned asset, 6 Ash Road, set
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Ex-George Weston Foods plant trades for $40m
A sprawling west Sydney office/warehouse has traded between occupiers for $40 million. Don Watson’s Coldstores has held 213 Newton Road,
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ISPT banks $230m from office stake
ISPT has sold a half interest in a prominent Brisbane’s CBD skyscraper, ending 18 years of sole ownership. Singapore-based Aravest,
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Occupier offloads Perth sites after 30 years
Two properties at the top of Perth’s CBD, owner-occupied for over 30 years by Asian supermarket, Lucky Import and Export,
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Record price paid for ex-CQU office
A rural office – years ago owner-occupied by Central Queensland University – has sold for the list price. The result
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QIC sheds Adelaide investment
QIC is selling a major north Adelaide industrial investment after nearly a decade. The 4.57 hectare asset, 281-301 Grand Junction
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RM Capital drops $20m on Sunshine Coast offices
RM Capital, the investment management arm of RM Developments, has bought two Sunshine Coast offices. In the biggest deal the
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Eldercare buys luxury aged care complex
Eldercare has bought a luxury aged care complex in Adelaide’s inner north west Findon. The $68 million Livewell by Aura
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Not for profit sells prime Tweed Heads site
The Uniting Church of Australia has sold a prominent Tweed Heads site which until a decade ago accommodated a Blue
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Asset managers trade $182m homemaker centre
Growthpoint and Blackrock APAC Real Estate have sold a lower north shore homemaker centre after seven years. The asset managers
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Amart founder sells triple supermarket anchored mall
Charter Hall has bought another triple supermarket anchored mall, this time on the Gold Coast. Southport Park Shopping Centre was
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Home owners unite, sell to developer
Twelve Rose Bay home owners will each bank over $15 million after banding with neighbours and selling to a developer,
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Offshore investor snares $8.5m Melbourne childcare centre
Two major childcare centre sales were concluded late last month. In the priciest deal, a Malaysia based investor paid $8.5
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Developer doubles money on Sunshine Coast block
Henzell Property has sold a waterfront Sunshine Coast development site after four and a half years. The local builder has
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Revelop secures lower north shore mall
Revelop has bought the retail component of a residential-based mixed use project, on Sydney’s lower north shore. Mall 88, completed two
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Billionaires trade eastern suburb office
John Symond has settled on the sale of an east Sydney office held four years. The Aussie Home Loans founder
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UniLodge sold to Japan’s Samty
Samty Holdings has agreed to buy a majority stake in UniLodge from Pamoja Capital. The deal, speculated to be worth
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Singapore developer sells boarding house
Singapore’s Unitas Premier has sold The Barker Residence student apartment complex (pictured, top), opposite the University of Sydney’s main campus.
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James Packer, Chapter buy another blue ribbon site
James Packer’s NPACT with Chapter Group have unveiled plans for an outgoing ULR Range Rover and Jaguar car dealership in
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Developer buys mansion dubbed Brighton Town Hall
Lowe Living has swooped on the imposing mansion dubbed Brighton Town Hall. The 3200 square metre holding at 2 Kinane
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Mortgagee sells another Lion project
A mortgagee has sold another incomplete Lion Development Group project – this time in Melbourne’s south east. With six townhouses,
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Historic South Yarra hairdresser trades for $6.2m
The historic building South Yarra building occupied 20 years by the Joey Scandizzo Salon sold at auction yesterday. The $6.151
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Major Hobart CBD office sold
A state government and ANZ bank backed office with development upside has traded in Hobart’s CBD. The 3076 square metre
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Melbourne QSR asset collects $14m
A new quick service retail investment in south east Melbourne has sold for $14 million – a 5.61 per cent
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Southern Highlands IGA sold off-market
The Moss Vale IGA, part of which is fit out with an Australia Post, has sold off-market. At 11-13 Clarence
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Developer buys part-complete Perth project
Griffin Group has swooped on a Como development site – part with foundations laid or 10 townhouses. The 4252 square
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GPT fills more of CBD office under construction
The GPT Group has filled more of the two tower 51 Flinders Lane office complex, under construction in Melbourne’s CBD.
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Lendlease sells Australia Post distribution centre
Lendlease has quietly sold a north Adelaide industrial investment. The 2.3 hectare Australia Post distribution centre, 3-9 Birralee Road, Regency
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Plastic surgeon institute buys base
The Melbourne Institute of Plastic Surgery has bought four strata offices forming the ground floor of an Abbotsford apartment complex,
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Southern hemisphere’s largest hydroponic glasshouse sold
Centuria has significantly boosted the value of its agriculture fund following a $168 million off-market deal for the southern hemisphere’s
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Government banks $7.7m from industrial site
Renewal SA has sold another north Adelaide industrial development site. The 2.9 hectare parcel, Lot 502, or 6, Gidgie Court,
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Mapletree fills chunk of ex-Coles distribution centre
Mapletree has filled the bulk of the ex-Coles Forest Lake Distribution Centre, which it bought for $102 million in 2018
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Melbourne childcare centre fetches $10m
Sydney based asset manager Rethink Investing has swooped on a south east Melbourne childcare centre leased until 2065 with options.
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Logistics group leases 41,000 sqm warehouse
Icehouse Logistics Group, or IHL, has committed to one of the larger buildings at Fraser Property Industrial’s 112 hectare Eastern
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Council sells ex-golf course
The City of Moreton Bay has sold the Albany Links Golf Course, which closed in 2019. The 7.95 hectare U-shaped
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Tavner family sell Doors Plus portfolio with leasebacks
The Tavner family has sold 12 Doors Plus outlets with leasebacks. The c$30 million deal comes six months since the
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University leases office for campus
Monash University will relocate the School of Public Health and Preventative Medicine between Melbourne offices. The group has signed a
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Drake family buys mall from landlord
The owners of independent supermarket chain Drakes have bought Gympie Marketplace from the landlord. The 7888 square metre complex, with
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Chemist Warehouse executives buy another investment
National Retail Group – an affiliated families office established and backed by Chemist Warehouse executives – has bought another commercial
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Woolworths secures Melbourne town centre site
Woolworths has quietly picked up the retail stake in a proposed Melbourne growth corridor mixed use project. Via development arm
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Operator beats developers for beloved Melbourne nursery
EXCLUSIVE Business owners have beaten developers to another infill Melbourne nursery – this time at Warrandyte. The Beasley family offered
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ESR banks $26.5m from industrial investment
ESR Group has quietly sold neighbouring modernised warehouses in Melbourne’s south east to an occupier. The asset manager banked $26.5
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Billionaires lease entire new Melbourne office
INT.RE – the name since last year for Icon Developments – with Kajima Group and Zagame Property has secured a
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Occupier pays $26m for west Sydney warehouse
A local owner occupier has outlaid $26.1 million for a west Sydney industrial property tenanted until June. The price for
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Ex-Sydney Football Club director buys $33m office
Six months after selling Surfers Paradise’s Cavill Lane retail and entertainment complex, Phil Wolanski has bought an inner city Sydney
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Not for profits trade vacant Melbourne site
The Salvation Army has sold a large standalone warehouse until recently occupied as a store, in Melbourne’s south east. Another
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Developer buys apartment block for emergency housing
The philanthropic arm of Dubai based development giant Arada has paid $3.4 million for a south west Sydney apartment block
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Chemist Warehouse co-founder spends $80m on neighbouring knockdowns
Chemist Warehouse co-founder, Jack Gance, and his wife, Evelynne, have bought neighbouring knockdowns in one of Melbourne’s most exclusive streets.
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KordaMentha sells sprawling Adelaide office
KordaMentha Funds Management has sold one of two modern offices bought from Growthpoint in 2019 for a fund. The asset
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Operators trade $77m Sydney hotel
Marcello Colosimo has sold a sprawling Sydney pub bought in early 2022 as a restaurant and converted. Marlow Hotel Group,
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Coles backed pub, bottle shop fetches $20.5m
An inner city Adelaide hotel investment has sold for $20.5 million following a renovation. Also with a Liquorland bottle shop,
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Asset managers flip Adelaide mall
Greenpool Capital and Qualitas have sold one of two shopping centres co-purchased in 2021, in Adelaide. Local construction boss Richard
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Greystar profits from industrial on sale
Greystar has sold one of three industrial properties bought in 2022 from Brisbane construction boss Brett Walker. The US investment
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Council pays $17m for adjoining offices
Burwood Council has bought two neighbouring vacant west Sydney offices from UniSuper, which inherited them merging in 2022 with Catholic
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