Steller receivers sell Parkdale hospital to tenant for $10.2 million

EXCLUSIVE In an unusual deal, Calvary Health Care Bethlehem has snapped up a Parkdale hospital it only recently agreed to rent temporarily. The healthcare service and accommodation provider is paying $10.2 million for 152 Como Parade West, about 20 kilometres south of the Melbourne CBD. Formerly owner occupied by Healthscope, which was the client selling

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Former Carlton hotel sells for $6.8 million as development play

Interests associated with burgeoning builder Ausgroup Property and Development have paid $6.8 million for a corner hotel turned mixed use investment in Melbourne’s inner north Carlton. The deal is the first and only one struck along the suburb’s Lygon Street retail strip last year. Colliers International’s Daniel Wolman, Oliver Hay and Dave Walker, with MMJ

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Stockland paying $16 million for Brunswick timber yard recently rezoned for high density residential

EXCLUSIVE Stockland is paying a speculated $16 million for a 4010 square metre former industrial site in Melbourne’s inner north Brunswick. The 429-435 Albert Street parcel was only recently rezoned to allow for high density residential development. The holding is less than 100 metres from a 7500 sqm block, 397-403 Albert Street, which rival Mirvac

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Brendan Sullivan spends $5.85 million on Vermont industrial units

Private Melbourne investor Brendan Sullivan is continuing to reweight his property portfolio, paying $5.85 million for five strata titled industrial units in the city’s eastern Vermont. The properties, 1-5, 187-201 Rooks Road, traded on a blended passing yield of 6.55 per cent. They ranged in size from 529-870 square metres. Cushman & Wakefield’s Andrew O’Connell

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JB Hi Fi, Brandlink, lease speculatively built warehouse at Stockland’s KeyWest Distribution Centre

Stockland has secured two high profile businesses to tenant a $44 million speculatively built facility at its KeyWest Distribution Centre in Truganina, in Melbourne’s west. JB Hi Fi and Brandlink have taken a combined 30,000 square metres. The recently completed 30,576 sqm complex forms part of a Stockland plan to push into Melbourne’s industrial distribution

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Coles sells West Ryde CBD supermarket with a leaseback for $23.85 million

Coles Group Property Developments has sold another supermarket with a leaseback, this time in Sydney’s West Ryde CBD. A Victorian private investor is paying $23.85 million for the stratum-titled Coles West Ryde complex. Based on the asset’s annual rental return ($1.395 million), the deal is being struck on a 5.85 per cent passing yield. Coles

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Riverlee pays $7.9 million for Cheltenham site, launches Belrose business park

Riverlee is intending to construct a business park on a 1.15 hectare building block it has just bought in bayside Cheltenham, 18 kilometres south of the Melbourne CBD. The developer paid $7.9 million for 9 Ambrose Avenue (pictured, top, shaded) following an off-market deal which settled last quarter, managed by Knight Frank’s Gab Pascuzzi and

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Withers family offers 18 more 7-Eleven service station investments

EXCLUSIVE The Withers family – which controls Australia’s 7-Eleven franchise – is offering another tranche of service stations via a sale and leaseback arrangement. The 18 properties, in the Australian Capital Territory, New South Wales, Queensland and Victoria, will be offered separately at a live-streamed auction event starting in Sydney, then moving to Melbourne, on

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