Stockland buys Leppington site for $145m logistics estate

Stockland is buying a major industrial development site in Leppington, near the Western Sydney International Airport, construction of which recently started. The purchaser has earmarked the 10.3 hectare Bringelly Road parcel for a logistics focused business park containing three buildings with 58,000 square metres of lettable area. Construction should begin next year with first earnings

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IKEA shelves store plan at Campbellfield’s ex-Pipeworks Market, lists site

EXCLUSIVE IKEA is selling Campbellfield’s ex-Pipeworks Market. The Scandinavian retailer agreed to purchase the property from Babcock & Brown 10 years ago with plans for a 41,000 square metre freestanding outlet – its biggest in the Southern Hemisphere, to open by 2012. Despite then-planning minister Justin Madden approving the $170 million proposal, construction never started.

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Dexus, HWPF pay $446.2m for Adelaide’s Australian Bragg Centre

Dexus and its managed Healthcare Wholesale Property Fund are paying $446.2 million for a medical investment under construction in Adelaide’s CBD. The Australian Bragg Centre will include the country’s first proton therapy unit specialising in cancer care. It forms part of the $3.6 billion BioMed City precinct at the western edge of North Terrace. The

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EADP spends c$90m on Acacia Ridge industrial asset, plans premium redevelopment

ESR Australia Development Partnership (EADP) is paying c$90 million for an 18 hectare industrial investment it classifies a development site in Brisbane’s Acacia Ridge. The property, 1502 Beaudesert Road, was offloaded by Blackstone managed 151 Property. It contains 76,909 square metres of lettable area in several 1960s warehouses; 21.5 per cent is vacant. EADP plans

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Thermomix leases Moorabbin Airport warehouse from Goodman

After a metropolitan-wide search, Thermomix will move into a modern office/warehouse owned by Goodman at Moorabbin Airport’s Chifley Business Park. The kitchen product manufacturer and distributor was represented by CBRE’s Lachlan Ferguson and Fergus Pragnell – the latter who markets Melbourne’s western suburb industrial sector. The agents said they collaborated to “cover off all options”

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Uniting lists inner Melbourne former kindergarten, social services office

Uniting is selling two formerly occupied properties as development sites, in Melbourne’s inner-south. At 698-700 Malvern Road, Prahran, a 920 square metre parcel which also fronts Molesworth Street, where it is adjacent to Orrong Park, is expected to sell for about $3.7 million. Zoned Residential Growth, it could make way for a four storey building

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Peakstone awards 100,000 sqm Australian office management contract

Singapore’s Peakstone has awarded a major commercial management contract to CBRE. The agreement covers 100,000 square metres across six buildings including 45 Clarence Street in Sydney (pictured), which the landlord only agreed to buy from Dexus in June for $530m. Neighbouring 55 Clarence St forms part of the portfolio too – as does the 637

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Cadence pays $10.5m for vacant Redbank industrial investment, plans rejuvenation, re-let

Cadence Property Group has paid $10.5 million for a south west Brisbane industrial property it plans to upgrade while offering for lease. The 8.6 hectare Redbank factory at 36-48 River Road will be held by the new CPG FM02 Property Trust. It is located within an e-commerce hub, walking distance to the train station, about 25 kilometres

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Lendlease secures tenant for temperature controlled Glendenning factory

A local logistics services provider has signed a 10 year rental agreement for a temperature controlled Glendenning warehouse owned by Lendlease. The modern property, 79 Owen Street, has been available since March. It includes a 5918 square metre factory with 12.2 metre clearance accessed by three large roller shutters, with space for extra docks. The

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