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News

News Queensland 

Wild Mint Properties offloads Brisbane’s Flagstone Village for $20.48 million

May 29, 2019May 30, 2019 Marc Pallisco

An offshore family with several Australian property assets is paying $20.48 million for a new shopping centre at Flagstone, a

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News Victoria 

Zagame family sells Yarra Junction shopping centre for $18 million

May 29, 2019July 12, 2019 Marc Pallisco

The Zagame family has finally sold the Yarra Junction shopping centre in Melbourne’s outer east. The asset is trading for

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News Victoria 

GenU lists Geelong’s high-profile and historic Kardinia House

May 28, 2019May 29, 2019 Marc Pallisco

Support group GenU is selling its high-profile and historic outgoing headquarters overlooking Geelong’s Barwon River. Kardinia House at 1 Riverview

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News South Australia Victoria 

Blackstone sells Adelaide’s Rundle Place, lists Melbourne’s Brimbank Central

May 28, 2019May 28, 2019 Marc Pallisco

Blackstone is understood to be close to selling Adelaide’s Rundle Place shopping centre for close to $250 million. The private

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News Victoria 

Wilbow Group to develop business park in Melbourne’s Preston

May 28, 2019May 29, 2019 Marc Pallisco

The Bowness family, which sold its Wilbow Corporation Australia Pty Ltd business to Queensland’s FKP in 2006, is developing a

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News Victoria 

Charter Hall in c$800 million play for Melbourne’s 242 Exhibition Street

May 28, 2019May 28, 2019 Marc Pallisco

Charter Hall is reportedly in negotiations to buy a Melbourne CBD office for nearly $800 million. The Sydney-based fund manager

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News Queensland 

Salter Brothers enters Brisbane with $150m NEXT Hotel buy

May 24, 2019December 7, 2020 Marc Pallisco

Salter Brothers is paying $150 million for the NEXT Hotel Brisbane and an adjoining retail complex. Formerly known as SB&G

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News Victoria 

Riverlee and Bamfa Properties propose 13-level office on Jeff Kennett’s former HQ

May 24, 2019May 25, 2019 Marc Pallisco

A double-storey Richmond office sold in 2009 by former Victorian premier Jeff Kennett is set to be replaced with a

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New South Wales News 

GPT lists $150 million Norton Plaza, in Leichhardt

May 20, 2019May 20, 2019 Marc Pallisco

GPT Wholesale Shopping Centre Fund is selling the Norton Plaza, in Leichhardt, about six kilometres west of the Sydney CBD.

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News 

Bunnings offers flat-pack homes

May 19, 2019January 31, 2021 Marc Pallisco

Bunnings is selling flat-pack houses – but only in New Zealand at this stage. The range of five modular dwellings

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A.C.T. News 

ACT government lists commercial site in Monash

May 19, 2019May 19, 2019 Marc Pallisco

The ACT government’s Suburban Land Agency has listed a 1.05 hectare site in Monash, about 22 kilometres south-west of central

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News Victoria 

Woolworths sells Bayview Central shopping complex in Curlewis

May 19, 2019July 5, 2019 Marc Pallisco

Another Victorian supermarket-based shopping centre has sold, this time in Curlewis, about 17 kilometres east of Geelong. Bayview Central at

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News Victoria 

News Corp Australia sells former Geelong Advertiser HQ to student accommodation provider

May 17, 2019May 28, 2019 Marc Pallisco

News Corp Australia has sold the 60-year old former headquarters of regional media group Geelong Advertiser for a speculated price

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News Victoria 

Nicholas Smedley pays nearly $1 million to walk away from $9 million luxury home purchase

May 16, 2019May 16, 2019 Marc Pallisco

Besieged developer Nicholas Smedley is paying close to $1 million to walk away from the $9 million purchase of a

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News Victoria 

Family downsize to $9m mansion

May 16, 2019January 31, 2021 Marc Pallisco

It is a downsize, Toorak-style. A family from Melbourne’s wealthiest suburb has paid $9 million for a brand new mini-manor

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News Victoria 

Website realestateview.com.au leases Cremorne office

May 15, 2019June 21, 2021 Marc Pallisco

Small property listing portal realestateview.com.au – which is co-owned by a handful of real estate agents – is the latest

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News Victoria 

Toorak mansion Rose Porteous sold after seven months for a 10 per cent profit, relisted

May 15, 2019May 17, 2019 Marc Pallisco

A mansion Rose Porteous bought in late 2006 from solicitor John O’Halloran, and owned for seven months before flipping for

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News Victoria 

East Melbourne apartment for sale at $46 million: a state record

May 14, 2019June 14, 2019 Marc Pallisco

EXCLUSIVE An East Melbourne property would become the priciest apartment sold in Victoria if it achieves its $46 million asking

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New South Wales News 

Gerry Harvey expects his Byron at Byron Resort & Spa to sell for up to $50 million

May 13, 2019September 8, 2019 Marc Pallisco

Postscript: this venue sold in August, 2019, for $45 million to Dubai-based Syrian businessman Ghassan Aboud. Retail businessman Gerry Harvey

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News 

Five per cent deposit windfall for first home buyers, regardless of who wins the election

May 13, 2019May 19, 2019 Marc Pallisco

Australian first home buyers will be able to finance a property purchase with a five per cent deposit – regardless

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New South Wales News 

Golfer Craig Parry sells Abbotsford home for $10 million – a suburb record

May 10, 2019May 10, 2019 Marc Pallisco

Golfer Craig Parry has sold a large waterfront home in Sydney’s Abbotsford for just under $10 million. The price sets

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News Victoria 

Aged care provider buys ex-Calder Rise Primary School

May 10, 2019February 4, 2021 Marc Pallisco

Aged care accommodation provider Mayflower Brighton is paying $8.2 million for Keilor’s ex-Calder Rise Primary School. The two hectare block

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News Victoria 

Growthpoint leases, lists, Melbourne industrial assets

May 10, 2019May 10, 2019 Marc Pallisco

South Africa’s Growthpoint Properties has secured a tenant for a major industrial facility in Melbourne’s south-west. Manchester Airport-based The Hut

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News Victoria 

V/Line chooses Dexus’ 452 Flinders Street for HQ

May 9, 2019May 9, 2019 Marc Pallisco

V/Line will relocate its Melbourne headquarters from Docklands to 452 Flinders Street, in the CBD. The rail operator has signed

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News 

Purplebricks to quit Australia as UK-based co-founder and CEO resigns

May 7, 2019May 8, 2019 Marc Pallisco

Purplebricks will wind up its Australian operations, undertake a review of its US business – and its co-founder and chief

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News Victoria 

Restaurateur Andrew McConnell leases ex-B&O store in Melbourne’s east end

May 7, 2019May 13, 2019 Marc Pallisco

Esteemed chef-restaurateur Andrew McConnell has swooped on a prime retail space in the Melbourne CBD’s east end. The ground floor

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News Victoria 

Cathy Freeman’s former Studley Park home relisted

May 7, 2019May 7, 2019 Marc Pallisco

The Kew house owned and occupied by Cathy Freeman during the peak of her sporting career is for sale asking

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News Victoria 

Glen Iris development site trades for $7.5 million – a $1 million short-term windfall

May 6, 2019May 6, 2019 Marc Pallisco

Local developer Illan Samuel has sold a high-profile Glen Iris building block for $7.5 million – a rise on the

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News Victoria 

Under-utilised Box Hill office sells for c$22 million

May 6, 2019May 6, 2019 Marc Pallisco

A low-rise office on a central Box Hill site marketed for its “significant development potential” is selling for approximately $22

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News Queensland 

Stockland sells Sunshine Coast development site off-market for $8.3 million

May 5, 2019May 6, 2019 Marc Pallisco

Stockland is banking $8.3 million from the sale of a permit-ready development site on the Sunshine Coast. The 3977 square

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News Victoria 

Nicky Buckley sells Bells Beach home

May 5, 2019May 7, 2019 Marc Pallisco

Model and TV presenter Nicky Buckley and her husband, Murray Bingham, who modelled alongside each other on Sale of the

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News Victoria 

Cadence sells down Mill Park industrial site for $15.25 million

May 5, 2019May 13, 2019 Marc Pallisco

Cadence Property Group, on behalf of a group of private investors, has flipped a three-hectare Mill Park commercial property, for

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News Queensland 

Kyko Group pays $126.7 million for Brisbane CBD office

May 3, 2019May 3, 2019 Marc Pallisco

Fortius Funds Management and two private funds managed by BlackRock have sold a Brisbane CBD office to Kyko Group for

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News Victoria 

Steller changes strategy following construction funding woes

May 2, 2019January 31, 2021 Marc Pallisco

EXCLUSIVE One of Melbourne’s newest and fastest growing privately-held developers is suffering a fall-from-grace – and substantially revising its building

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News Victoria 

Devitt family list Kew Corporate Centre

May 2, 2019May 3, 2019 Marc Pallisco

The Kew Corporate Centre, an office investment with development upside, has been listed for sale. The Kew East complex at

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News Victoria 

Toorak investors bank in excess of $25 million selling Melbourne CBD office held for five decades

April 30, 2019October 2, 2019 Marc Pallisco

EXCLUSIVE A small six-storey office at the east-end of the Melbourne CBD is selling for a price speculated to be

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News Victoria 

Levi Greenwood boots South Melbourne terrace at last

April 30, 2019April 30, 2019 Marc Pallisco

Collingwood footballer Levi Greenwood has finally offloaded a South Melbourne renovation-rescue. The sportsman, who is studying to be a carpenter,

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News Victoria 

Former Melbourne Knights coach Tony Vrzina sells Hawthorn East industrial property for $2.7 million

April 30, 2019April 30, 2019 Marc Pallisco

Tony Vrzina, former president and coach of the Melbourne Knights soccer club, has banked $2.7 million from the sale of

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News Victoria 

University of Melbourne’s Trinity College set to open a vertical campus at the top of town

April 29, 2019May 28, 2019 Marc Pallisco

The University of Melbourne’s Trinity College is the latest school to commit to a vertical campus. The educational institution has

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News Victoria 

Philip Lim selling Bendigo and Adelaide Bank office, in Docklands, for c$80 million

April 26, 2019May 1, 2019 Marc Pallisco

The Melbourne headquarters of Bendigo and Adelaide Bank is speculated to be selling to Sydney-based Marprop for about $80 million.

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News Victoria 

Frasers pays c$80m for Dandenong South industrial site

April 24, 2019May 9, 2022 Marc Pallisco

Frasers Property Industrial has paid c$80 million for an industrial supersite in Melbourne’s Dandenong South. The 41.3 hectare block at

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News Victoria 

Kew mansion built by Ahmed Fahour on historic La Verna estate relisted

April 16, 2019May 1, 2019 Marc Pallisco

EXCLUSIVE A contemporary mansion built by businessman Ahmed Fahour on land which once formed part of Kew’s La Verna Estate

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News Victoria 

Brendan Sullivan selling East Melbourne office for c$42 million

April 13, 2019April 13, 2019 Marc Pallisco

Private investor Brendan Sullivan is understood to be banking about $42 million from the sale of an East Melbourne office

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News Victoria 

Chinese investor pays $7.34 million for Ringwood East supermarket with development upside

April 12, 2019April 12, 2019 Marc Pallisco

A Ringwood East supermarket offered with a leaseback to a popular IGA outlet has sold for $7.34 million. The property

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News Victoria 

Amart Furniture pre-commits to landmark $65 million Melbourne distribution centre

April 11, 2019July 9, 2019 Marc Pallisco

Amart Furniture has signed a 10-year pre-commitment for a 48,770 square metre distribution centre in Melbourne’s west. Goodman will construct

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News Victoria 

Boston’s AEW Capital Management pays $200 million for Melbourne CBD office

April 11, 2019May 19, 2019 Marc Pallisco

Boston’s AEW Capital Management is paying more than $200 million for a 22-storey office in Melbourne’s tree-lined Queen Street. AEW

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News Victoria 

Mantra Group commits to unbuilt 11-storey Richmond hotel

April 11, 2019May 1, 2019 Marc Pallisco

EXCLUSIVE Mantra Group has committed to occupy an unbuilt – and unapproved – 11 storey hotel in Melbourne’s inner-east Richmond.

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News Victoria 

Kew office sells off-market for $19 million

April 10, 2019April 11, 2019 Marc Pallisco

An investment-grade office in Kew, with significant redevelopment potential, has sold off-market for $19 million. The three-level building at 79-83

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News Queensland 

Perri Projects banks $52.6 million offloading Brisbane CBD office

April 8, 2019April 9, 2019 Marc Pallisco

An investment vehicle controlled by Melbourne-based Perri Projects has sold a Brisbane CBD office for $52.6 million. The 16-level building

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News Victoria 

Goodman snares Pacific HVAC Engineering for spec-built asset at Moorabbin Airport

April 8, 2019April 9, 2019 Marc Pallisco

Goodman has signed Pacific HVAC Engineering as tenant for an office-warehouse it is building speculatively at Moorabbin Airport. The occupier

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News Victoria 

Modern South Melbourne childcare centre trades for $10.25 million

April 5, 2019April 10, 2019 Marc Pallisco

Another premium-quality Melbourne childcare centre has sold for an eight-figure sum. In South Melbourne, 97 Tope Street is the only

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News Victoria 

Victorian government lists former Calder Rise Primary School

April 4, 2019May 19, 2019 Marc Pallisco

Victoria’s Department of Treasury and Finance is offering another site, this time in Keilor, in Melbourne’s north-west. The former Calder

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News Victoria 

Proprium spends $112m in Spring St

April 4, 2019February 10, 2021 Marc Pallisco

Hong Kong property group CC Land is backing Proprium Capital Partners Australia to acquire a Melbourne CBD office. PCPA –

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New South Wales News 

Collette Dinnigan sells former Surry Hills HQ for $6 million

April 4, 2019April 4, 2019 Marc Pallisco

Collette Dinnigan is continuing to sell down a commercial property portfolio. This time, the fashion designer has sold the Sydney

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New South Wales News 

Charter Hall Retail REIT buys Rockdale Plaza for $142 million

April 3, 2019April 5, 2019 Marc Pallisco

Charter Hall Retail REIT is paying $142 million for a major and high-profile shopping centre in Sydney’s south. Rockdale Plaza

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News Victoria 

Frasers snares Gale Pacific Group at Braeside

April 3, 2019April 12, 2019 Marc Pallisco

Textiles group Gale Pacific Limited has leased half of a Braeside warehouse which Frasers Property Australia is building speculatively on

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News 

Woolworths to shut 30 Big W stores across Australia

April 2, 2019April 4, 2019 Marc Pallisco

Thirty Big W-occupied stores and two distribution centres will be shut by parent company Woolworths over the next three years.

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News Victoria 

Australia’s first 1 Hotel to open at Melbourne’s Northbank

April 1, 2019April 13, 2019 Marc Pallisco

Australia’s first 1 Hotel will open on the banks of Melbourne’s Yarra River in 2022. 1 Hotel, a subsidiary of

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News Victoria 

Brodie Holland lists Ascot Vale house

March 31, 2019February 10, 2021 Marc Pallisco

After passing in at auction with a $1.4-$1.54 million guide, Brodie Holland’s extended and renovated Ascot Vale home has been

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New South Wales News 

Ascott Residence Trust pays $60.6 million for hotel near Sydney Airport

March 31, 2019April 1, 2019 Marc Pallisco

Singapore REIT Ascott Residence Trust is paying $60.6 million for the Felix by 8Hotel in Sydney’s Mascot. The 150-room inn

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News Victoria 

Melbourne Airport Corporation plans retail and hospitality extension at T2 International facility

March 31, 2019May 19, 2019 Marc Pallisco

Melbourne Airport Corporation is touting plans to extend its T2 International facility at Tullamarine with a new shopping centre, restaurant

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News Victoria 

Jetty Surf founder unveils $20m South Yarra penthouse

March 30, 2019February 8, 2021 Marc Pallisco

After paying $33 million for two adjoining mansions opposite the Royal Botanic Gardens, Jetty Surf founder ‘Butch’ Sadikay is ready

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News Victoria 

Toorak mansion opposite Como House sells to developer for $9 million-plus

March 29, 2019July 3, 2020 Marc Pallisco

National Basketball League (Australia) owner Larry Kestelman has paid more than $9 million for a Toorak mansion (pictured left) following

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News Victoria 

The Living End co-founder Chris Cheney sells St Kilda East home in a day

March 27, 2019April 11, 2019 Marc Pallisco

The front-man of Australian punk band The Living End, Chris Cheney, and his wife, Emma, sold their historic St Kilda

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News Victoria 

Dexus snares QIC’s Collins Street portfolio for c$1.4 billion

March 27, 2019March 27, 2019 Marc Pallisco

Dexus is paying Queensland Investment Corporation close to $1.4 billion for three neighbouring commercial properties at one of Melbourne’s most

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News Victoria 

Singapore’s listed Cache Logistics Trust pays $41.2 million for Altona warehouse

March 26, 2019March 31, 2019 Marc Pallisco

Cache Logistics Trust, which is listed on the Singapore Exchange, is paying $41.2 million for a large, modern industrial asset

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News Victoria 

Max Gawn’s East End Wine Bar opens near Camberwell Junction

March 23, 2019March 27, 2019 Marc Pallisco

The Hawthorn East wine bar co-owned by AFL sportsman Max Gawn opens today. East End Wine Bar fills part of

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News Victoria 

Chinese investor snaps up Victorian childcare centre offering a six day settlement

March 22, 2019March 23, 2019 Marc Pallisco

The year’s first Victorian childcare centre sale has taken place – to a China based investor who offered to settle

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News Victoria 

Bruce McAvaney secures sweet deal for Fitzroy apartment built into a chocolate factory

March 20, 2019April 11, 2019 Marc Pallisco

Bruce McAvaney has sold a warehouse converted apartment in trendy Fitzroy for $1.376 million. The South Australian sports commentator and

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News Victoria 

Kaufland acquires Melbourne site for Australia’s largest distribution centre

March 8, 2019March 9, 2019 Marc Pallisco

German supermarket giant Kaufland has acquired a 28 hectare block of land in Mickleham, north of Melbourne Airport, to develop

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News Victoria 

Outgoing home of Melbourne’s Cheapest Cars sells for $15.1m

March 7, 2019May 12, 2021 Marc Pallisco

An industrial developer has purchased the high-profile Moorabbin site for years occupied by Melbourne’s Cheapest Cars. The 2.12 hectare property

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News Victoria 

Consortium pays $17.3m for Ikea warehouse in Abbotsford

February 26, 2019February 27, 2019 Marc Pallisco

A consortium of Australian-Chinese investors including Yuan Tao, a former executive with developer Poly Australia, has paid $17.3 million for

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News Victoria 

Zagame family pays AEU $21 million for prime Abbotsford site

February 12, 2019March 31, 2019 Marc Pallisco

The Zagame family has paid $21 million for a prime Mixed Use zoned development site on the banks of the

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News Victoria 

Charter Hall Retail REIT pays ISPT $74 million for Campbellfield Plaza

December 18, 2018December 18, 2018 Marc Pallisco

Charter Hall Retail REIT is paying $74 million for the Campbellfield Plaza shopping centre in Melbourne’s north. The 17,900 square

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News Victoria 

David Bromley lists two renovated homes in Victoria’s Spa Country

December 18, 2018December 19, 2018 Marc Pallisco

Artist David Bromley and his wife, Yuge, a fashion designer, are selling two renovated homes just out of Melbourne. In

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News Victoria 

Direct Mail Corporation leases Heidelberg West office/warehouse

December 14, 2018September 23, 2021 Marc Pallisco

Direct Mail Corporation will relocate from Richmond to Heidelberg West. The direct mail, letterbox delivery, courier and special services business,

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News Victoria 

Chinese investor buys Moonee Ponds’ Phillips Arcade for c$12 million

December 14, 2018December 14, 2018 Marc Pallisco

A Moonee Ponds shopping centre on nearly half an acre of land has been snapped up by a Chinese investor

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News Victoria 

Malaysian family buys Queen Victoria Building for $8.6 million – a 1 per cent yield

December 14, 2018 Marc Pallisco

A Malaysian family has paid $8.6 million for a freestanding “trophy” asset in Melbourne’s Queen Street. Yesterday’s auction result –

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News Victoria 

Pellicano and Camlen Property Group sell unbuilt Ringwood office for $28.3 million

December 13, 2018 Marc Pallisco

Pellicano and Camlen Property Group have sold an office investment they are yet to build in Ringwood. A Macau-based private

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News Victoria 

Coles Group sells Aurora Village shopping centre for $44 million

December 11, 2018December 11, 2018 Marc Pallisco

Coles Group has sold a recently completed shopping centre in Melbourne’s north for a price understood to be more than

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