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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News
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
Simon Meers has snapped up North Sydney’s Firehouse Hotel. The freehold going concern for 86 Walker Street set the executive’s
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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 10 year lease. The
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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 the city. 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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Developer buys ex-Camden Livestock Selling Centre
It is the end of an era in Camden with Revelop swooping on the town’s Livestock Selling Centre – outlaying
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Oreana picks up another town centre site
Oreana has acquired the first four stages of Eynesbury Village from Resimax Group, taking on development of the retail and
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Centennial, Phoenix buy enormous Brisbane Airport freehold
Centennial has teamed with Pan Asian private equity investor Phoenix Property Investors to buy and develop the last freehold development site
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Jim Knox, Ashton Waugh offload NSW hotels
Two regional New South Wales hotels have sold. In the biggest deal, ex-rugby union player Bill Young – now a
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Hill of Content building for lease
Having shed the low-rent paying, long-standing tenant – bookshop Hill of Content, which occupied 103 years – the new owner
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Raymond Terrace, Galston malls sold
Panthera Group has sold Raymond Terrace Central after eight years and a refurbishment with a new lease to the anchor.
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CSR banks $575m from west Sydney site
CSR is selling an industrial developer another west Sydney site – this one abutting the new airport. The 194 hectare
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Fitzroy unit block fetches $5.35m
A Sydney investor has swooped on a block of unrenovated one-bedroom flats, in trendy Fitzroy. The $5.35 million result for
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Over 50s provider snares permit-ready block
Over 50s community provider Lincoln Place has added an Inverness asset to its book. The 31.25 hectare site, 73 Limestone
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Melbourne asset manager buys Armidale Food Emporium
Melbourne asset manager MPG Funds has quietly bought the Armidale Food Emporium. The Coles anchored complex at the corner of
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Asset managers, developer drop $77m in south Perth
Satterley and Centuria have snapped up a Banjup site. The 7.03 hectare block on Armadale Road set the pair back
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Marquette, QIC trade Brisbane office
QIC has sold one of six Queens Wharf properties acquired from the state government for $561.9m, in 2023. The David
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Region buys WA shopping centre
Region Group confirmed a number of major real estate deals as part of reporting yesterday. Most we know – including
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Avid spends $114m on Huntley site
Avid Property Group – the local arm of US based Proprium Capital Partners – has paid $114.46 million for the
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Banjo Bond buys Brisbane industrial asset
Banjo Bond’s Cosgrove Group has bought a major industrial investment abutting Brisbane Airport. The 4.04 hectare amalgamation, 100 and 104
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Centennial, ESR profit from Brisbane warehouses
Two major asset managers have sold Brisbane industrial investments for a rise on what they paid in 2022. At Stafford,
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Not for profit sells Brisbane office
An independent not-for-profit has old a suburban Brisbane office after almost exactly 20 years. The National Association of Testing Authorities,
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Business hub to replace Ringwood factory
Charles Lloyd Group has quietly bought a development site in Ringwood’s small industrial precinct, which runs beside Eastlink and includes
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Asset manager sells Melbourne tyre recycler
Harmony Property Investments has sold a 5.3 hectare tyre recycling facility in Melbourne’s north for $13.55 million. The deal for
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Syndicate snares Adelaide chemical factory
A heavy industrial property with a hard to replicate chemical supply licence, in Adelaide’s north Gillman, has traded for $15.55 million.
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ESR sheds Perth warehouse
ESR has shed an east Perth industrial investment held nine years. Leased to Royans, but before that CAT as part
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Salta sells Preston Market stake
Salta has sold its 50 per cent stake in the tired Preston Market to Sydney-based co-owner Medich Corporation, which will
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Bell Street set for healthcare hub
A healthcare centre will be developed at a Bell Street, Coburg, site, near the border with Pascoe Vale South, after
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HomeCo buys, sells east coast retail assets
HMC Capital has contracted to buy and sell east coast retail investments on behalf of the HomeCo Daily Needs REIT.
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Two north Sydney offices sold
Two prominent north Sydney offices have sold. In the biggest deal, 205 Pacific Highway, St Leonards – one of five
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Harvey Norman snaps up growth corridor sites
Harvey Norman has snapped up neighbouring sites opposite Manor Lakes Central, in Wyndham Vale. Formerly part of a block known
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Historic Surrey Hills boys home sold
Youth With a Mission Church has sold Surrey Hills’ historic Mackillop Estate – held 26 years. The 9147 square metre
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Napier Hotel sold after nearly 30 years
Guy Lawson has sold Fitzroy’s Napier Hotel after nearly 30 years. The buyer is another operator, Baxter Pickard, also behind
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Mapletree sheds Woolworths backed regional distribution centre
Mapletree Logistics Trust has sold a regional Victorian distribution centre said to be a critical piece of infrastructure for occupier
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Operators trade historic Bells Hotel
Sam Tresise has sold South Melbourne’s historic Bells Hotel after 12 years, a renovation and extension with trade zones. Another
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Pace sells strata supermarket
Pace Development Group has sold a strata-titled retail investment, part of the apartment-based Pace of Blackburn mixed use complex, east
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Social club sells surplus land to developer
The Anzano Social Club has sold surplus land behind its Melbourne base to developer, Maximise. The 2.8 hectare tract –
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Asset managers trade Perth industrial park
Corval has snapped up a 10 year old Bibra Lake industrial park. The 2.81 hectare asset, 16 Aspiration Circuit, cost
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Government backed Hobart warehouses collect $5.7m
A Mornington industrial investment backed by three state government departments sold at auction last week. The $5.705 million result for
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Melbourne super giant buys Curtin Exchange
A major super fund has quietly bought a $300 million student accommodation based mixed use investment within Curtin University’s Bentley
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Blackstone banks $75m from Sydney warehouse
Two major Eastern Creek commercial properties have traded. In the biggest deal, Blackstone has sold a warehouse acquired six years
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Geraldton QSR investment sells for $10.2m
A prominent quick service retail investment at Mahomets Flats has sold for $10.2 million – a 6.46 per cent net
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Gallaghers sell Terrigal Hotel
Patrick Gallagher has sold the Terrigal Hotel eight years after paying $28 million, his then highest outlay for an asset.
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Social infrastructure fund reweighs portfolio
Charter Hall has announced a handful of property deals for its Social Infrastructure REIT (CQE). In the biggest direct trade,
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Occupiers trade Newcastle office/warehouse
Not for profit employment and skill trainer Novaskill has sold its west Newcastle headquarters with a 12 month leaseback. The
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Church spends $97m on city office
The Catholic Archdiocese of Sydney has snapped up a B-grade office diagonally adjacent to St Mary’s Cathedral. The 15 level
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The Block eyes Mornington Peninsula site
Producers of TV show The Block are speculated to be buying six of ten new home sites, part of a
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Goldfields buys motel, sells land
Goldfields has sealed two commercial property deals at opposite ends of the country. In Perth, the group has settled on
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AFL exec lists Brisbane home
Greg Swann has listed his inner east Brisbane home after moving to Melbourne and accepting an AFL executive general manager
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Ex-Genius childcare centre leased in two weeks
One of the highest profile Genius Early Learning centres to close has been leased while under the control of administrators.
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CQU signs whole building lease, Melbourne
Central Queensland University has leased the recently vacated Bendigo Bank headquarters at Docklands. The school has committed to 120 Harbour
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C&G sells Adelaide medical centre, library
Commercial & General has sold a near new medical centre and council-backed library at West Lakes. The Ngutungka complex at
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Strata owners unite, sell Armadale investment
The owners of eight strata units in a prominent office and retail investment in the ritzy High Street, Armadale, commercial
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Court winds up Lion, refers liquidators to police
The Supreme Court this week wound up Lion Property Group and the investment funds it managed after claims of financial
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Hospitality giant lists trophy pub with long leaseback
Australian Venue Co is offering a classic set and forget investment – Sunbury’s oldest pub, the Ball Court Hotel. The
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Eureka snares another tourist park
Eureka Villages has bought another tourist park, this time at Nowra. The 2.3 hectare Coral Tree Lodge Tourist Park (pictured,
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Redcape buys Brisbane growth corridor pub
MA Financial managed Redcape Hospitality has swooped on a 10 year old pub, part of Mirvac’s Springfield Central shopping centre,
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Quintessential snaps up Fortitude Valley office
Quintessential has settled on its purchase of a Fortitude Valley office from ISPT’s Core Fund. Green Square North at 515
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Prominent Bathurst hotel fetches $25m
Husband and wife publicans Peter and Jane Harris with Gary and Kerry Narvo have quietly snapped up the prominent Panorama
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Metrics, Vitale snare major Gold Coast site
Metrics Credit Partners has teamed with Vitale Property Group to buy and develop Coomera’s biggest industrial development site. The pair
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Charter Hall fund buys, sells assets
Charter Hall has struck some deals for its Long WALE REIT (CLW), an update of which it provided to the
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Dexus sells out of Brisbane business park
Exceed Capital has snapped up two warehouses at Eight Mile Plains’ Brisbane Technology Park, or BTPnext. With the $44.8 million
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IPG buys Brisbane, Sydney car parks
International Parking Group – which develops and invests solely in hospital car parks – has spent over $100 million on
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Julliard divests west Melbourne warehouse
John Stubbe’s Tatong Holdings has another west Melbourne industrial investment to its book. The 2.97 hectare holding, 111-125 Cherry Lane,
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KS picks up 5-star Melbourne hotel
KS Hotels & Resorts has snapped up Melbourne’s Park Hyatt after a deal earlier this year to Shayher Group –
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Port Adelaide business park trades for $216m
Quintessential has sold the landmark Port Adelaide Distribution Centre after six years, saying “knowing when to exit is just as
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Former Macquarie executive sells Deception Bay marina
Former Macquarie Bank vice president Andrew Hooper-Nguyen and business partner, Chris Ellis, have sold the former Spinnaker Sound Marina, near
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Owner occupiers trade Woodridge site
The operators of Unwin Cars have bought a site up the street. The 5252 square metre holding, 120 Compton Road,
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Bob Ell, Stockland trade $620m housing estate site
Stockland is outlaying a speculated $620 million for a major housing estate site at Kings Forest, near Tweed Heads. Billionaire
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Jennmar consolidates in south west Sydney
Mining product manufacturer Jennmar will consolidate from 15 New South Wales locations to a new outer south west Sydney facility.
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Chinese car giant leases ex-GMH proving ground
GWM, also known as Great Wall Motors, has leased the 877 hectare Lang Lang proving ground until recently owned by
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AVC flips historic Victorian pub for a premium
EXCLUSIVE Australian Venue Co has reaped an impressive profit from a historic Victorian pub bought late last year then re-offered
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Forza buys another Sydney office
Forza Capital has swooped on another high yielding Sydney office. The Melbourne asset manager led by Ashley Wain is paying
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Developer buys dilapidated home for apartment tower
The lucky owners of a rundown home – the last privately held riverfront block in South Perth’s Mendes Street precinct
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AU disposes Brisbane land
Australian Unity has sold another asset from the Healthcare Property Trust. The asset manager banked $12.5 million for the Meadowbrook
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Developer drops $93.5m for Sunshine Coast farm
It is the end of an era in Maroochydore with the bulk of an infill arm held by the Wise
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