Ex-American Express HQ sells again
The boutique Elizabeth Street building with a ground floor shop beneath four levels of offices, for years part occupied as
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News
Historic Melbourne House sold, set for refurb
Roxy Pacific has sold the historic Melbourne House, also the former Leo Cussen Centre for Law headquarters, after eight years.
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Clarence buys south west Brisbane shopping centre
Clarence Property has snapped up a south west Brisbane mall developed in the 1980s and renovated 15 years ago. Metro
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Double Bay neighbours band, bank $50m from apartment developer
Business chiefs – and long time Double Bay neighbours – Alexandra Oliver and Geoffrey Kimpton have banded to sell their
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Interstate investor swoops on new Dan Murphy’s
A new Dan Murphy’s in Adelaide’s Malvern has sold to an interstate investor. The c2700 square metre holding, 301-305 Unley
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Community housing provider snares permit-ready site
ASX listed Finbar has sold a piece of The Springs estate, at Rivervale, to a community housing provider. The 3809
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Brisbane growth corridor QSR investment collects $8.2m
Griffith Group is the latest developer to sell a new quick service retail investment at a sub six per cent
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Supra Capital expands national presence with new Sydney office
As property developers and investors navigate an evolving real estate landscape, the need for reliable, tailored finance solutions has never
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Chemist Warehouse executives snap up Mosman shop
Chemist Warehouse executives have snapped up another prime strip retail property – this time in Mosman. The 398 square metre
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Hill of Content plans record ‘human book chain’ move
Hill of Content staff have unpacked the shelves at its Bourke Street address of 103 year ahead of a move
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Mirvac sells riverfront apartment development site
Mirvac has sold a waterfront Newstead development site off-market. The 9368 square metre holding, 47 Skyring Terrace, found favour with
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Singapore giant swoops on 5-star hotel, shops
Receivers for collapsed developer Crown Group have sold the modern Skye Suites Sydney hotel and ground floor shopping precinct, Our
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Investor buys ex-Hamilton Motor Inn
Epoca Constructions has sold the former Hamilton Motor Inn – now emergency accommodation rented to the Queensland government. The incoming
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Suburban Adelaide mall fetches $10.5m
IGA Supermarket operator Romeo Retail Group has sold a north east Adelaide mall held three years. Modbury Heights Shopping Centre
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Leyton swoops on south Adelaide investment
Leyton Funds has snapped up another asset – this time at Melrose Park, in its hometown of Adelaide. The two
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Good Beer Co snares Sydney growth corridor pub
John Azar’s Good Beer Co has swooped on a north west Sydney growth corridor pub completed in late 2020 –
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Elanor sells Moreton Bay shopping centre
Elanor Investors Group has sold a Moreton Bay shopping centre held by a single asset fund. Bluewater Square at Redcliffe
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IP Generation eyes landmark Sydney mall
IP Generation is eyeing the landmark Top Ryde City shopping centre – with a standalone component extending into the podium
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Charter Hall sells Melbourne growth corridor Bunnings
Charter Hall is quietly selling a major Bunnings warehouse bought near-new in January, 2020. The asset manager is banking $44
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Kennards buys NZ self storage giant
Kennards Self Storage has picked up 13 New Zealand centres via the winning offer for operator National Mini Storage, which
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ESR sells TradeCoast warehouse
ESR – set to be privatised Friday – has nearly doubled its outlay selling a Pinkenba warehouse investment after eight
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Operators trade Mornington Peninsula retirement community
IP-Living has swooped on a profitable aged care facility on 3.65 hectares on the Mornington Peninsula. Baptist Village Vaxter, with
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Quintessential sells Rocklea warehouses for major profit
Quintessential has sold a fully leased Brisbane industrial park. The asset manager is banking $35 million for 117 Grindle Road,
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Perth asset manager buys Melbourne warehouses
Westbridge Funds Management has swooped on an industrial investment in Melbourne’s north Thomastown. The 7600 square metre asset, 62 Northgate
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ProTen buys Golden Plains poultry farm
Corporate chicken grower ProTen – which it was today announced is being bought by KKR on behalf of Aware Super
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Cadence, Stockland trade $170m industrial portfolio
Stockland has sold a portfolio of east coast industrial investments. The Keywest Distribution Centre and Altona Distribution Centre in Melbourne
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ISPT sells ex-Waltons department store
ISPT is taking a hit selling a retail investment in Melbourne’s Bourke Street Mall after nearly 10 years. The six
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Gina Rinehart buys another NSW farm
Gina Rinehart, has picked up another major New England pastoral asset. The 5003.5 hectare Wirribilla grazing farm, 20 kilometres south
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Barings locks footwear giant to spec warehouse
Barings has secured footwear giant Accent Group to part of a distribution centre built speculatively in Melbourne. The tenant, behind
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Not for profit sells ex-nursing home to developer
The St Vincent de Paul Society of Queensland has sold New Farm’s ex-Palm Lodge aged care home after relocating residents
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Kingsmede doubles down in Salisbury
Fourteen months after securing a multi-building Salisbury industrial investment from Dexus, Andrew Potter’s Kingsmede has bought the property next door.
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Arcana divests Mackay medical centre
Arcana has sold a North Mackay medical centre in the first week of an expressions of interest campaign. Courts Corner
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Australian Unity sells Adelaide medical centre, car park
Australian Unity has sold another asset from its Healthcare Property Trust. The group is reaping a speculated $9.65 million for
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Ex-Brennan IT office, data centre sold
The former Brennan IT data centre – the majority of which is offices – at Fortitude Valley, has sold. The
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James Packer, Banco swoop on outgoing Leo’s Supermarkets
Developers have swooped on Melbourne’s two Leo’s Fine Food & Wine Supermarkets, set to close at the end of next
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Newmark sheds land beside Warrnambool mall
Newmark Capital has sold two blocks on the eastern side of the Gateway Plaza at Warrnambool, which it bought three
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Leyton quietly lines up Woolworths HQ
EXCLUSIVE Leyton Funds has struck an off-market deal for Woolworths’ Queensland headquarters. The nine year old office, 21 Brandl Street,
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Elanor suffers hit on 5-star hotel sale
Elanor Investors Group has shed another asset from its Hotel Accommodation Fund, which failed to sell as a portfolio last
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Government buys 5-star hotel for social housing
The state government has quietly bought the 5-star Fraser Suites hotel which was converted to residential accommodation during COVID. The
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Centuria well in the black following fund sell down
Centuria has sold the third and final property from a fund set up nine years ago with offices in South
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Auto accessories giant leases another Melbourne warehouse
Automotive parts, accessories and equipment distributor GPC Asia Pacific has leased a new office/warehouse for the Auto Parts Group business
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Coles picks up growth corridor town centre site
Coles Group has snapped up a permit-ready town centre site in Melbourne’s south east. In a deal worth just under
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South Coast mall fetches $10m
A small but popular shopping centre at St Georges Basin on the NSW South Coast has traded between private investors
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Singapore giant eyes another Sydney school
Winten Property Group is understood to be selling an office turned university, to Keppel’s Education Asset Fund. The deal for
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Cromwell retains another government occupier at Docklands
Cromwell has retained another major occupier at 700 Collins Street – Docklands’ first office. The federal government’s Bureau of Meteorology
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CircusWA, Fremantle Press buy substation for offices
CircusWA with Fremantle Press has acquired a former SEC substation to repurpose as headquarters. The Fremantle property, 10 Parry Street,
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Showroom asset filled after off-market deal
The local arm of Austria based power products provider and services supplier, Omicrom Electronics GmbH, has leased a Mill Park
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Deicorp spends $140m for Lindfield amalgamation
Deicorp has swooped on an amalgamation of low density homes in Sydney’s Lindfield with plans for apartments. In the unusual
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Global op-shop giant leases prominent long-vacant showroom
Chris Lock’s IP Generation – which is being purchased by MA Financial – has secured a tenant for the prominent
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Indigenous Business Australia divests FNQ mall
A Far North Queensland Coles anchored shopping centre has sold for $34 million. Indigenous Business Australia on behalf of the
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Sherbet Bomb creator shuts after 95 years, sells shop
Sherbet Bomb creator Lagoon Confectioners has shut after 95 years and sold its most recent headquarters, manufacturing plant and distribution
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Elanor fund sheds final mall
Elanor Investors Group has sold the last asset from its Property Income Fund. Shopping centre Gladstone Square, 100 kilometres north
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Woolworths secures mixed-use Canberra site
The Suburban Land Agency has awarded Woolworths’ development arm, Fabcot, the tender to develop a mixed-use complex within the master-planned
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Celebrity syndicate buys Barossa Valley winery
A consortium of high-profile sports, media and business identities has quietly bought Barossa Valley’s Bethany Wines. AFL players Izak Rankine
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Gateway banks $135m from industrial portfolio
Gateway Capital has sold five east coast industrial investments – one in Melbourne, four in Brisbane – held since late
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Steven Shoobridge buys another Queensland pub
Steven Shoobridge’s Star Group has quietly bought another Queensland pub. The freehold going concern to the Parkhurst Tavern, nine kilometres
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Swank retailer leases ex-Target distribution centre
King Living is the latest group to commit to Target’s enormous former distribution centre, now a business park with eight
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Education sector groups buy, sell HQs
Kookaburra Education Resources has sold its outgoing Mayfield West headquarters. The school sector supplier – one of the country’s biggest
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Asset manager drops $15m for Melbourne warehouses
Lindum Partners, backed by Stamford Capital Investments, has acquired a 2.1 hectare industrial property in Melbourne’s east. Following an off-market
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Developer reaps $13m from servo, pet shop
Landmark Homes & Properties has sold a two year old retail investment in Adelaide’s south. The BP and Petstock on
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Leyton sheds QSR, gym investment
Leyton Property has sold a three year old quick service retail and gym investment in Perth’s south The 7-Eleven, Domino’s
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Fragrance snares another Hobart site
Fragrance Group has snapped up Hobart’s long-vacant Welcome Stranger, formerly known as the Freemasons Hotel. The Singapore-based developer is speculated
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Indian food wholesaler upsizes in Melbourne
Indian food wholesaler Chetak has signed a 15 year lease for a new base within an industrial estate replacing former
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Mildura motel sold after renovation
Carpe Diem Property has sold one of four regional hotels from a fund formed four years ago with Redhill Hospitality
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Operators trade Upper Hunter holiday park
The freehold going concern of an Upper Hunter holiday park – in recent years mainly used for worker accommodation to
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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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