Quintessential Equity banks $14.7 million from Noble Park North industrial investment

Quintessential Equity has sold a 2.4 hectare industrial investment in Melbourne’s Noble Park North for $14.7 million. The commercial investor and developer, which provides syndicate opportunities for wholesale buyers, paid $6.8 million for 180 Browns Road in 2013. OneSteel Reinforcing, now known as Infrabuild, is the long-term occupier. About 27 kilometres south east of the

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Nick Theodossi buys Doncaster BMW freehold for $50 million – without agent

EXCLUSIVE Luxury car dealer Nick Theodossi is paying about $50 million for a Doncaster investment with significant long-term development upside. The 1.1 hectare block at 812-814 Doncaster Road is leased for 12 years to long time occupier Doncaster BMW. Mr Theodossi, also a commercial property investor, secured it following an off-market deal negotiated directly with

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LOGOS Group secures efm Logistics for speculative Altona warehouse

Logistics focused landlord and developer LOGOS Group has found an occupier to take all of a speculative 23,322 square metre facility it only completed construction of last month. efm Logistics Services will move into the Altona Logistics Estate warehouse mid-year. JLL’s Matt Ellis and Matt Crofts represented LOGOS Group, which is backed by, amongst others,

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Aldi to sell $700 million worth of Australian east coast distribution centres

Aldi will offload $700 million worth of distribution centres on Australia’s east coast – with leasebacks. The four warehouses return annual rent totalling about $30 million. Sale proceeds will be used to fund the opening of more supermarkets, it is being reported. The Australian and AFR both broke news of the upcoming listing on Tuesday.

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