Sunshine Coast LFR asset sells off-market
Melbourne’s Dimmick family has nearly doubled its outlay on a Sunshine Coast large format retail investment held 15 years. The
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Asian investors trade CBD building
A small but prominent CBD property, on the corner of King Street and Flinders Lane, has traded between Asia based
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Commonwealth Bank sells eight ex-branches
The Commonwealth Bank of Australia has sold eight ex-Bankwest branches – reaping a total $6.195 million. Two of the assets
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Arcana quietly sells Redland Bay mall
Arcana Capital has sold a small but dominant Redland Bay shopping centre after eight years. The asset manager, led by
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IKEA buys store from landlord
Swedish retailer IKEA has bought its fastest growing Australian store from the landlord. The off-market $163.75 million deal for the
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Developer swoops on ex-Victoria Police building
Centurion has swooped on an under-utilised Melbourne CBD office – the 1960s ex-Victorian Police Association headquarters – with plans for
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Apartment developer buys prominent Melbourne factory
It is the end of a 104 year era in Melbourne industrial circles, with Cedar Woods snapping up the spectacularly
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Car park station collects $40.5m
Andrew Richardson has sold a nine level Sydney CBD car park station on his second attempt. The developer behind Sheraton
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Neighbouring city shops fetch $9.1m
Neighbouring shops at the top of town sold this month for a combined $9.1 million. The deal for 423-425 Elizabeth
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Church buys city fringe office to occupy
The Catholic Archdiocese of South Australia has snapped up a prominent inner south Adeliade office for Catholic Education South Australia.
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Jenera pre-commits to Melbourne business park
Terre Property Partners has pre-committed major machine and fabricated component manufacturer Jenera to just over half its Kilsyth Connect Business
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Government sells Sydney site
Transport for NSW has sold a development site in Sydney’s south. The state government will bank $1.9 million following an
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Yanchep essential services investment trades on 6.8pc yield
A gym and childcare centre investment, part of a master-planned community at Yanchep, 50 kilometres north of Perth, sold for
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Floor giant buys warehouse which was for lease
Carpet Call has bought a prominent north Adelaide warehouse recently being marketed for lease in pieces as the Inner North
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Canberra office sold off-market
A modern Canberra office carrying a 68 per cent vacancy rate has sold off-market. The six storey, 5467 square metre
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Salta boosts development pipeline $900m
Salta has boosted its Melbourne development pipeline to the tune of $900 million, this month winning approval to build three
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Hong Kong giant buying another high profile Melbourne office
Dexus is believed to be shedding another modern office. The speculated $260 million deal for Melbourne’s Flinders Gate, developed five
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JV sells first project to buy second
Centennial and MaxCap Group are using part of the sale proceeds of an east Brisbane business park – their first
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IP Generation locks Tesla, gym to Brand Smart
IP Generation, in the process of being bought by MA Financial, refit and relet of a 2500 square metre piece
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New Hoppers Crossing warehouse trades off-market
An investor has quietly purchased an office/warehouse built in place of seven small industrial units, in Melbourne’s Hoppers Crossing. The
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Asset managers trade modern suburban office
EXCLUSIVE Trilogy Funds has taken a hit selling a modern suburban Brisbane office held eight years. The three level A-grade building
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Family sells business’ Northcote HQ to industrial developer
A relatively large inner-city industrial property, held since 1988 by the Rutledge family for its Rutledge Engineering business, has sold
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Tenant pays landlord $7.3m for HQ
A sprawling two level office at 931 Kingsford Smith Drive, Eagle Farm, has traded for $7.225 million. Tangalooma Island Resort
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Green light for $2b data centre, AI factory
NextDC has won permission to replace Port Melbourne’s Westgate Park print plant – which for decades until recently produced the
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Barristers’ Chambers sells CBD office
Barristers’ Chambers Limited has sold Douglas Menzies Chambers ahead of a move to 200 Queen Street. The Victorian Bar subsidiary
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New England Pub Company snares outback hotel
Ben Ryan and Mark Neilson’s New England Pub Company has snapped up The Empire Hotel at Cobar, between Dubbo and
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QSR investment collects $11.8m
Jasbe has sold a recently constructed quick service retail investment with two small warehouses, in Melbourne’s south east. The group
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Hobart council buys office
Clarence City Council is paying $23.5 million for a Rosny Park office leased to the state government. The deal for
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Syndicates swoop on WA medical centre, QSR investment
Barwon Property Funds has sold the Vasse Medical Centre, near Busselton (pictured, top). Local syndicate Optimus Private Equity is the
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The Hour Glass sells Brisbane building
Luxury retail giant The Hour Glass has sold one of its Brisbane CBD properties. The two level, 500 square metre
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Developers move on two sites created by level crossing removal
Two thin rectangle sites recently created from level crossing removals in Melbourne’s south east are set to be developed. In
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Monteleone family sell another piece of Donnybrook
The Monteleone family – founder of Donnybrook Farmhouse Cheesery – is realising an impressive capital gain shedding a block bought
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Near new Gold Coast warehouses fetch $49m
A three year old industrial investment with two warehouses, halfway between Surfers Paradise and Brisbane’s CBD but classified Gold Coast,
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Average Australian house pips $1m for the first time
Australia’s mean house price – not to be confused with the less statistically reliable median used in most real estate
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Albert Dadon sells another piece of Art on the Park
Ubertas Group, owned by businessman and professional musician Albert Dadon, also the ex son-in-law of the late Marc and Eva
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Blackstone finally moves One Barangaroo penthouse
Blackstone is understood to be selling the One Barangaroo Crown Residences penthouse inherited with its $8.9 billion buy-out of Crown
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Designer picks up Melbourne bank turned showroom
Richard Munao, director of boutique furniture and light designer, Cult, has snapped up a prime Melbourne city fringe investment. The
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CBRE eats up Burgess Rawson
CBRE is buying smaller Melbourne-based, national commercial real estate agency rival Burgess Rawson. The deal, speculated late last year to
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Dean Montgomery offers historic homestead after major renovation
Developer and property investor Dean Montgomery has listed the historic St Albans Stud after 15 years and a major renovation.
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Door giant to consolidate in Melbourne
Dormakaba Australia will consolidate three business units – Ezi Roll Doors Australia, Danmar Garage Doors and Gilderol Garage Doors –
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Historic Flour Mill Hotel sold
A local operator has bought Wagga Wagga’s c1890 Flour Mill Hotel with plans for a major revamp. The sale of
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First Australian Hyatt House taking bookings
Thirteen years after Chicago based Hyatt Hotels Corporation launched the Hyatt House brand – it is set to open in
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NZ syndicator flips Port Adelaide warehouse
Auckland based asset manager Silverfin Capital has sold an industrial investment purchased from Quintessential four and a half years ago.
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Downie family sell outback pub
The Downie family has sold the freehold to Hughenden’s Royal Hotel. The 6222 square metre holding, 19-23A Moran Stret, was
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Childcare centre portfolio fetches $38.5m
A Middle East investor purchased the priciest childcare centre in a portfolio sold from February to mid-March. The 120-place complex
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Costco sells ex-Docklands store
Costco has sold its Docklands store after upsizing to a larger one west of town. The surprise off-market deal with
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Local developer secures another Barwon River site
Local developer Cam Hamilton has picked up another historic factory on the banks of the Barwon River in Newtown. The
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Centennial snares Adelaide office for discount
Centennial has snapped up an Adelaide CBD office from the Raptis family. The $50.5 million deal for 63 Pirie Street
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Goodyear assigns Adelaide warehouse lease
Goodyear Tire & Rubber Co has found a tenant to take over the lease of a logistics facility in Adelaide’s
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Footballer turned developer drops $250m for kale farm
Footballer turned developer Fraser Brown has snapped up a major farm quickly being encroached upon by housing estates, in Melbourne’s
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Fraser Brown lists swank new office
Former Carlton footballer Fraser Brown, now the second generation leader of family business, Brown Property Group, has listed for sale
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Metrics secures another apartment site
Metrics Credit Partners has bought another high density residential site, this time partnering with Odus. The pair are paying Melbourne
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Interstate asset managers trade Victorian homemaker centre
Acure Asset Management has sold a regional Victorian large format retail investment after seven and a half years. Shepparton Home
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US promoting giant secures site for arena
Live Nation has purchased a tired cold storage facility to repurpose as an arena. The Northbridge Music Hall, as it
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ASX-listed giant buys tourist park for growing sector
The country’s largest provider of affordable seniors housing is continuing to push into the all-age rental community sector, with a
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ZACD quits strata hotel in the black
Hong Kong listed, Singapore based investment manager, ZACD, has sold a strata titled West Perth hotel after eight years. The
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Boom year for Australian childcare centre sales
The number of childcare centre sales is up – with deals worth $205 million clocked this year. The rise in
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Packaging giant to consolidate at Regency Park
Detmold Group will consolidate 240 staff from eight Adelaide locations to an uber-green headquarters set to be constructed from this
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Jack Merlo sells unrenovated Toorak pile
Jack Merlo has sold another Toorak pile, this one unexpectedly. The $14.9 million result for 11 Robertson Street is a
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Not for profit sells outgoing aged care home
Brisbane Water Legacy, more recently known as Central Coast NSW Legacy, has sold a c1964 retirement village at Gosford. The
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Lutheran Homes buy first assets outside SA
The Lutheran Church of Australia’s Victorian division has sold two retirement living community and aged care homes to Adelaide based
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RF Corval buys Cordina poultry investments with leasebacks
RF Corval has bought two New South Wales industrial investments from Cordina Group with leasebacks. At Girraween, the asset manager
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AirTrunk founder buys luxury apartment site
AirTrunk founder Robin Khuda, who last year banked $670 million following the $24 billion sale of the data centre business
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Ponzi scheme feared as auditor appointed for Melbourne asset manager
A Supreme Court ordered forensic auditor will investigate a Melbourne based asset manager spruiking a return on luxury apartment developments,
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Childcare to replace Glenroy’s historic Glenlyn
A childcare centre operator has leased a c1888 historic Glenroy home, part of James Chapman’s Forest Hills Estate. Mindchamps will
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Mosman’s Sheridan building sells
Investors have traded a historic, two storey fully leased Mosman asset. The $11.5 million result for 623-625 Military Road, at
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Developers swap high profile north Brisbane ex-church
A Brisbane site until COVID owned by New Covenant Pentecostal Church has traded between local developers – but seeking different
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Waugh, Raffens trade back NSW hotel
Following an unusual but not unheard of deal, a consortium led by Ashton Waugh has sold a regional New South
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AsheMorgan lines up Brisbane, Perth shopping centres
AsheMorgan is understood to be in advanced negotiations for two major shopping centres each side of the country. In the
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Oscars Group buys three Adelaide hotels
Oscars Group, led by brother Bill and Mario Grasvanis, has made an impressive entrance to South Australia – snaring three
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Country council readies to sell eight sites
The City of Greater Bendigo is readying to sell eight sites deemed surplus to needs. The portfolio includes former tennis
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Developer swoops on Melton farm
An established developer has snapped up a low density housing estate site at Deanside, one of 11 suburbs created by
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Liberman family, TW Projects buy regional housing estate site
TW Projects backed by Monark Property Partners has snapped up a major housing estate site not far outside Melbourne’s urban
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Interstate syndicate buys Tassie truck dealership, workshop
An interstate syndicate has snapped up a north Hobart truck dealership and service centre. The Tas Hino yard at 1/94
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Investor swoops on Seddon’s “best retail asset”
A particularly securely leased strip retail investment in Melbourne’s inner-west has sold for $6.25 million. The deal for the Happy
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Glenn Piper boosts pub portfolio
Glenn Piper has added another regional New South Wales pub to his book. The Bermagui Beach Hotel and neighbouring Beachview
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Investors drop $35m on childcare centres
Investors have spent close to $35 million on childcare centre investments in recent weeks. In the biggest deal, a 110
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Mackay assets fetch $51.5m
Two major Mackay properties – one residential, the other industrial – traded for a total $51.5 million this month. In
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How a ‘great withdrawal’ will help drive Australia’s office market recovery: CBRE
Swathes of office space are set to be removed from CBDs across the country in the next five years in
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Byron Bay’s Beach Hotel changes hands again
MA Financial has quietly sold Byron Bay’s Beach Hotel to a minority shareholder of the entity which has owned it
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