Reading sells major retail, entertainment complex
Reading Group has sold the Cannon Park Entertainment Precinct at Thuringowa Central, in Townsville’s south west. The cinema, ten pin
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News
Glen Waverley warehouse trades on 1.86pc yield
Adjoining Glen Waverley warehouses – two of 40 freehold properties the middle-ring suburb’s industrial precinct – offered as one, traded
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Andrew and Nicola Forrest permitted to replace Perth mall
The Fiveight investment vehicle co-owned by Andrew and Nicola Forrest has won approval to replace the site of Perth’s ex-Carillon
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Kool Beanz partners with AFL club for maiden Victorian childcare centre
Kool Beanz and Western Bulldogs will trade from a childcare centre at Footscray Hospital, due to open late this year.
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Control of AV Jennings to change again
Legal & General has bought a 75 per cent interest in real estate investor Proprium, which in Australia controls Avid,
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Ex-AFL chief lists renovated Melbourne mansion
Former AFL chief executive officer Andrew Demetriou and his wife, Symone Richards, have listed their 1930s Marcus Martin designed home.
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Australian Unity sells $238m fund
Australian Unity has sold the Property Income Fund to Newmark Capital, led by ex-AFL player, Chris Langford. The deal will
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Toyota dealer buys Brisbane site
An entity associated with the Scifleet family – which retains several south east Queensland Toyota dealerships – has bought a
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MA Financial snaps up IP Generation
MA Financial Group is buying Chris Lock’s seven year old asset management business IP Generation. In the surprise deal, worth
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Asset manager buys Canberra growth corridor retail investment
Elanor Investors Group has sold a five year old retail investment opposite the Belconnen Fresh Food Market. The two neighbouring
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Agincourt Hotel sells after 25 years
A consortium including ex-publican Terry Reichel has sold Haymarket’s Agincourt Hotel after almost exactly 25 years. The c1898 three level
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Salter announces REIT, return of Regent Hotel brand
Salter Brothers plans to list a hospitality fund within 18 months after unveiling a property contribution and management agreement deal
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Developers swoop on Lower North Shore apartment sites
EXCLUSIVE Two Lower North Shore apartment building blocks have sold to developers in deals worth just over $100 million total.
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Bunnings, Dats pre-commit to Brisbane business park
Charter Hall has pre-committed two high profile businesses to its enormous Flagstone Logistics Estate, at North Maclean. In the biggest
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Energy company sells HQ with leaseback
Magellan Power has sold its Perth headquarters with a three year leaseback – time it plans to build a replacement.
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Lululemon to switch flagship Perth store
Lululemon will open a flagship West Australian store on the ground level of a Cbus Property office – abutting the
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WA syndicator buys Ballarat health and LFR hub
HMC Capital has sold a prominent essential services focused large format retail centre in Ballarat’s Wendouree, off-market. On behalf of
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Stockland fills half of maiden multi-level distribution centre
Glassons has leased the second floor of Stockland’s first multi-level industrial investment, set to start construction in Sydney’s south. The
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Ghassan Aboud begins building, brands first ACT hotel
Syrian born Dubai-based billionaire businessman Ghassan Aboud has kicked off construction and branded what will be his first ACT hotel,
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Council pays record price for office
The City of Gold Coast is buying the balance of the Gold Coast Corporate Centre – at Bundall. In what
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Orica lists four more pieces of landmark Melbourne site
Orica is moving to sell four more pieces of its landmark former explosives factory, in Melbourne’s west Deer Park. The
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Hale snaps up another Brisbane industrial estate
Dexus has sold a major south Brisbane industrial estate after over two decades. The 3.46 hectare holding with c17,000 square
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Developer buys Sydney growth corridor apartment site
Level 33 has snapped up a Sydney growth corridor site with plans for six apartment towers and retail. The 2.17
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Australia Post to develop six regional distribution centres
Australia Post is set to develop distribution centres on six regional New South Wales site it owns. The group is
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Quick service retail investment collects $11m
Firefly Property has sold the Deagon Travel Centre, north of Brisbane, after seven years. The division of asset manager and
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Centuria, BGO seed partnership with three Sydney warehouses
A partnership, 95 per cent backed by BGO Close with the balance and management controlled by Centuria, has acquired three
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Ipswich social housing project fast tracked
A seven level social housing complex has been approved in four months – the first project permitted under the state
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Cadence, PGIM snare Sydney intermodal facility
Cadence and PGIM have acquired an intermodal facility west of Sydney off-market. The 9.89 hectare site, 2 Forrester Road, St
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Heavyweight developers secure funding for multi-storey logistics facility
Nuveen has provided a $205 million senior loan for the delivery of a multi-storey logistics facility in Sydney’s west Rosehill
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IP Generation buys back into Geelong
Chris Lock’s IP Generation has quietly picked up the rundown ex-Ray’s Outdoors outlet in North Geelong with plans to repurpose
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Tesla leases prominent regional showroom
Tesla has expanded in New South Wales, leasing a prominent ex-Isuzu showroom, at Newcastle West. The NYSE-listed EV producer, co-founded
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Energy giant sells ex-substation to BTR developer
Build to rent developer and investor apt.Residential, backed by Dutch pension fund PGGM, has doubled the size of a prime
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Developer doubles down in Sydney growth corridor
Seven months after paying Bathla $42 million for an eight hectare farm – part of a major urban renewal precinct
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West Melbourne servos trade for $18m
Two modern service stations in Melbourne’s west sold this week. The highest profile vendor was OTR founder the Shahin family
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Repurpose of ex-Balmain Leagues Club closer
A residential-based mixed-use redevelopment of the former Balmain Leagues Club is a step closer – the $800 million project today
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Goodman snares major Melbourne industrial estate
Goodman has added another major investment to its portfolio. This time, the ASX-listed group is buying the going concern for
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Vicland lists lux Toorak office
Bill McNee’s Vicland has listed one of suburban Melbourne’s most successful new office developments – at Toorak. St Germain at
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ISPT buys another Townsville shopping centre
Clarence Property Group has made a significant capital gain selling Townsville’s North Shore Marketplace after four years. The 2.9 hectare
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NZ fund manager sells major Adelaide industrial investment
Silverfin Capital has sold a major Port Adelaide industrial investment after nearly four years. The New Zealand based asset manager
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United Greek-Australian charity sells major Sydney site to developer
Castle Group has bought a major Sydney housing estate block from Hellenic Village – which represents 21 Greek community associations.
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CSR Limited sheds another site
CSR Limited has shed another asset, this time in Brisbane’s Albion. The 2432 square metre Industrial 1 zoned block with
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Government shelves South Brisbane broadcast centre plan
The state government has abandoned plans to replace South Brisbane’s outgoing Visy Glass factory as the 2032 Olympics International Broadcast
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Conquest buys Eastlakes Shopping Centre with development plan
Michael Akkawi’s Conquest has swooped on another permit ready residential-based mixed-use development site. Eastlakes Shopping Centre, six kilometres south of
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Puma sells Melbourne HQ
Puma has sold its middle-suburban headquarters of 45 years ahead of a move to the city fringe. The sports product
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Goodman buys Gibson Island
Dyno Nobel, known until December as Incitec Pivot, has sold Gibson Island to Goodman Group. The 58 hectare Murrarie parcel
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Site of Australia’s first La Porchetta for sale
EXCLUSIVE The collection of Rathdowne Village buildings until last February accommodating Australia’s first La Porchetta, has been listed for sale.
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US billionaire buys major Melbourne shed
Centuria, for a mandate backed by Starwood Capital, co-found by US billionaire and global real estate investor, Barry Sternlicht, has
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Aged care approved for another golf course site
The owner of the 88 year old Cumberland Country Golf Club at Greystanes, with investment house and developer, Pariter, has
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Developers buys farm for ‘rural homes’ estate
WT Malouf and Rebus Property have snapped up an 11 hectare piece of Southern Tablelands farm, Cleanskin, with plans for
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Argus, Kaipara divest another ex-Masters
Argus Property Partners and Kaipara Property Group have turned another major profit selling a Masters-converted-large format retail centre after a
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Strata owners unite to sell Potts Point hotel
An Art Deco hotel in Sydney’s inner east will be converted to a build to rent investment after the 73
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Woolies approved to replace ex-reception centre
Woolworths’ development arm Fabcot has been permitted to replace a recently razed Melbourne function centre with a two storey mall
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Liberman family snap up Melbourne housing estate site
Monark Property Partners, backed by the Liberman family, and Resolution Property Group, have snapped up neighbouring blocks north of Melbourne
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Melbourne Uni lists historic Cumnock mansion
The University of Melbourne is selling Parkville’s historic Cumnock after seven years. On 1376 square metres at 160-162 The Avenue,
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Peter Terry Group sells major Bathurst car dealership
The Peter Terry Group has offloaded a major Bathurst car dealership. On 1.47 hectares with a 3120 square metre showroom
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EG sheds National Archives Office after green refurbishment
EG Funds has sold the Crown leasehold interest of the National Archives Office, developed in 1926 as the Secretariat Building
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Arena lists childcare centre leased to 2055
Arena REIT has listed one of the most secure investments on its books – a Melbourne childcare centre with an
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Coles banks $75m from Adelaide mall
Coles has sold Adelaide’s Kurralta Village shopping centre to the Taplin Group. An extension is now planned for the Anzac
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Historic State Theatre fetches $13.6m
North Hobart’s c1913 State Theatre and the neighbouring ex-Soundy’s department store, c1883 – amalgamated and now a major cinema and
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Permit-ready Surry Hills office fetches $16.5m
A triple storey Surry Hills office permit-ready for a seven level residential complex has sold off-market. The incoming owner, a
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Ennismore chooses Melbourne for maiden Australian Hyde hotel
London-based Ennismore has leased a near new Melbourne CBD hotel for its maiden Australian Hyde. The group has chosen 124-134
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Ex-AFL star lists lux Melbourne home
Retired AFL player Alan Didak has listed a three year old limestone townhouse in Melbourne’s inner east. The four level,
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Eureka snaps up another Queensland caravan park
Eureka Group Holdings has bought its third major caravan park this year – this time on the Fraser Coast. The
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Warehouse converted shop, gym fetches $13m
A prominent two level warehouse converted retail investment in Sydney’s inner south west has sold for a speculated $13 million.
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Barwon sells South Coast medical centre
EXCLUSIVE Barwon Investment Partners has sold a South Coast NSW medical centre after seven years. The asset manager is speculated
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Centennial quietly flips Brisbane warehouse with permit
EXCLUSIVE Centennial has quietly sold one of two Brisbane industrial properties acquired four years ago from Pipeclay Lawson. The asset
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Perth warehouse trades on 5.7pc yield
A Welshpool warehouse leased for four more years to vehicle fit out service provider PTE has sold. The $7.5 million
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Veris relocates HQ within Melbourne
Veris has moved headquarters – effectively quitting the CBD for a distinctive office three kilometres east, at Burnley. The ASX-listed
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Dexus commits pre-fab manufacturer to enormous Sydney shed
Dexus has found one tenant to occupy an enormous Kings Park facility being marketed in pieces. Pre-fabricated product manufacturer Parratech
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Alfasi seeks commitments for major city fringe office
Three years since securing a piece of one of Cremorne’s highest profile and historic buildings – the c1909 Byant &
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Vinta sells Coolangatta’s The Strand
Sydney based developer Vinta has sold Coolangatta lifestyle centre The Strand 10 months after it hit the market. The 30,000
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Billionaire publican drops $450m for Sydney mall
Sam Arnaout has diversified from the hospitality sector with a significant Sydney retail investment. St Ives Shopping Village and 12
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AFIAA takes another hit on Melbourne office sale
AFIAA has sold a prominent CBD office for a loss on its 2012 outlay. The Swiss fund manager is banking
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AVC leases high profile new Docklands pub
Australian Venue Co has leased a high-profile hospitality component of Lendlease’s Melbourne Quarter, at the Docklands border with the CBD. Pub,
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Futuro locks TK Maxx to Bourke Street Mall
TK Maxx will establish its flagship store at Futuro Capital’s 235 Bourke Street – a space including what was once
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Chris Morris, Sam Arnaout battle for Cairns casino, hotel
Computershare co-founder Chris Morris has entered the race for the Reef Hotel Casino in Cairns. The businessman has lobbed a
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Crystal Palace Hotel sold after 45 years
The Feros family has swooped on the freehold going concern of Haymarket’s Crystal Palace Hotel, offered by operator Jimmy Galanakis
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SA government sells major industrial site
The state government’s urban renewal authority has sold a major Port Adelaide industrial site after a year. Renewal SA is
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Frasers finds buyer for Melbourne CBD office
Frasers Property Australia has found a buyer for a CBD office held a decade. Local private investor Harry Stamoulis is
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James Packer takes hit on LA mansion sale
James Packer has sold a Beverly Hills mansion – five weeks since buying a replacement twice the price, at Bel
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