ESR sells Dingley Village industrial investment for $19.75 million

Hong Kong based logistics real estate platform ESR is continuing to reweight its portfolio, selling an industrial investment in Melbourne’s Dingley Village for $19.75 million. The 3.9 hectare holding at 1-5 Lake Drive is trading to Sydney-based HB+B Property, a diversified investor and developer. The Industrial 1 zoned land is configured with three vacant warehouses containing

Read more

Ace Hotel set sights on Australia with commitment in Sydney’s Surry Hills

California based hospitality group Ace Hotel is coming to Australia, leasing an 18-storey facility set to start construction in Sydney’s inner south Surry Hills. The 264 suite inn will be developed around Tyne House at 49-53 Wentworth Avenue. Golden Age Group acquired the 743 square metre site from Sydney businessman Michael Teplitsky last January. At

Read more

City of Greater Geelong appoints Quintessential Equity to build $200 million landmark HQ

The City of Greater Geelong has appointed Quintessential Equity to build what will be its next headquarters, at 137 Mercer Street. The COX Architecture designed development will result in the council consolidated from seven locations including the waterfront office at 100 Brougham Street which was once home to failed investment house Pyramid. Construction of the

Read more

Monster truck loving sheikh sells Northern Territory’s Idracowra cattle station to neighbour for $10.1 million

Oil industry billionaire, sheikh Hamad bid Hamdan Al Nahyah, has sold Northern Territory’s Idracowra cattle station to a neighbouring pastoral family for $10.1 million. The 462,800 hectare property had a reserve price of $7 million. The United Arab Emirates-based vendor was represented by Geoff Warriner and Chris Holgar – both of JLL’s Brisbane office –

Read more

Split Enz’s Noel Crombie lists former Emulation Hall masonic centre, in Canterbury

Former Split Enz member Noel Crombie is selling one of Melbourne’s most distinctive commercial properties, in Canterbury. Emulation Hall, also known as Chatham Hall, was built as a masonic centre by Freemasons Victoria between 1927-28 and utilised until 2013. Said to be one of Australia’s last examples of Egyptian Revivalism design, the fraternity sold 3

Read more

Clive Palmer buys Townsville’s historic Queensland Building

Businessman and politician Clive Palmer has paid $780,000 for the historic Queensland Building, in Townsville’s entertainment precinct. The three-level heritage protected property at 104 Flinders Street (pictured, top), overlooking Ross Creek, attracted 15 bids at auction last week. Eight prospective purchasers were registered to buy, according to Colliers International Townsville managing director Peter Wheeler. “In

Read more

Ascendas REIT pays more than $100 million for Nissan’s next Australian HQ, in Mulgrave

EXCLUSIVE Ascendas REIT is acquiring a major suburban Melbourne office on a forward-funding arrangement. The listed Singapore real estate giant is paying Frasers Property Australia and ESR Australia $110.9 million for Building 1, 254 Wellington Road, Mulgrave. The office will be one of four commercial assets developed on the former Peters Ice Cream factory, about

Read more
error: Content is protected !!