Victorian truck stop sells for $21.3m
Fawkner Property has sold a sprawling quick service retail investment in a popular holiday spot near the Victoria/New South Wales
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Real Estate News
Centennial sells seed asset
Centennial has sold one of its four seed investments. The asset manager is banking $54.5 million for the eight level
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Mitsubishi buys into luxury Brisbane apartment project
Mitsubishi Estate Asia Pte Ltd has acquired a stake in a Brisbane luxury apartment project being developed by McNab Group.
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OUE buys Salesforce Tower stake
In its maiden Australian acquisition, OUE Real Estate Investment Trust is buying a 19.9 per cent stake in Sydney’s Salesforce
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Aljasser expands Truganina footprint
Middle Eastern backed developer Aljasser Group has quietly bought another Truganina industrial site. The 5.52 hectare rectangle shaped block, 185
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Melbourne investors trade vacant Adelaide office
Alternative investment house Wingate – since mid-last year owned by CapitaLand – with IP Generation founder, Chris Lock, have taken
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Kinglake buys Northern Rivers LFR investment
Two year old Melbourne based retail focused asset manager Kinglake Group has bought another property. The refurbished bulky goods investment
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Corval sheds Perth investment
Corval has sold a Perth industrial investment held just over four years. The Sydney based asset manager finished in the
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Student accommodation provider buys site for maiden Adelaide project
Renewal SA has sold the former Royal Adelaide Hospital Chest Clinic site and an adjoining parcel at 274-275 North Terrace
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Harmony sells Adelaide office
Harmony Property Investments has sold a fully leased Adelaide office bought in late 2020, as most of the country exited
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Spotlight pays $185m for trophy Melbourne office
Spotlight Property Group, controlled by the Fried and Fraid families, has snapped up a trophy new Melbourne office from developer
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Kmart anchors new Melbourne shopping centre
EXCLUSIVE Kmart will anchor a shopping centre within Gill Family Corp’s 171 hectare St Germain, in Melbourne. The store is
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Site chosen for Australia’s first Trump Tower
The family office of US President Donald Trump has struck a deal for its first Australian Trump Tower, reviving plans
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Chunk of Shepparton’s retail centre for sale
A prominent shopping plaza in the heart of Shepparton, Victoria’s fifth biggest town, has hit the market. Harris Scarfe Plaza
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Six bidders contest Sorrento shop
The first shop to be auctioned along Sorrento’s Ocean Beach Road in four years sold. Six bidders competed for the
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Riverlee locks radiology giant to health hub
Lumus Imaging has committed to a major space within a health hub under construction in Melbourne’s north. The radiology provider
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Camberwell office fetches $22m
Peak Equities has sold a prominent Camberwell Junction office held nine years. The leasehold for 250 Camberwell Road traded to
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Regional Victorian servos trade for $12.6m
Two new regional Victorian service station investments have sold. At Benalla, a 7-Eleven also with a Smokin Joe’s, traded for
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Coles buys into $1.1b housing estate
Coles Group has bought a prominent town centre site at south west Brisbane’s Everleigh estate, which is about a third
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Metro swoops on housing estate site
Luke Hartman’s Metro has swooped on a Logan growth corridor site opposite Mirvac’s $1.1 billion Everleigh estate. Spanning two hectares
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Melbourne growth corridor Dan Murphy’s, Nido sells for $18m
A new Nido childcare centre and Dan Murphy’s bottle shop in Melbourne’s Pakenham growth corridor has sold for $18.05 million.
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German pension fund divests east coast shopping centres
Germany’s biggest pension fund, also the primary administrator for the country’s public sector, has quietly sold three east coast shopping
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Another law firm upgrades city digs
Baker McKenzie is the second law firm to commit to a premium-grade Sydney office under construction. The group is understood
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HMC Capital sells two Queensland HomeCo assets
HMC Capital has settled the sale of HomeCo Bundall on the Gold Coast for $41.5 million. The 1.65 hectare site
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IFM sells ex-Myer Centre stake
IFM Investors has sold the majority stake in Brisbane’s Uptown, formerly the Myer Centre, seized when it took over ISPT
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Site chosen for Sydney’s first AC Hotels by Marriott
Sydney’s first AC Hotels by Marriott will open on six podium floors of a 55 storey tower replacing the Polding
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JG King to shift HQ within Port Melbourne
EXCLUSIVE JG King Homes will shift its headquarters within Port Melbourne, choosing one ex-GM Holden base for another. The builder
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Andrew Lazarus buys another Sydney growth corridor pub
Andrew Lazarus has bought another Sydney growth corridor pub from a long-time owner-operator, this time outlaying a speculated $25 million.
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Mastercard bunkers down at St Leonards
Singapore listed UOL Group Limited has renewed the anchor tenant to a St Leonards office bought seven years ago. Following
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Warehouse converted office fetches $25m
A swank warehouse converted office with ground floor retail in inner south Sydney has sold off-market. On 571 square metres
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Aldi pre-commits to landmark Melbourne distribution centre
Aldi has pre-committed to a landmark 102,000 square metre high-tech distribution centre in Melbourne. Charter Hall on behalf of the
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Local operator leases ex-Guardian childcare centre
A local childcare centre operator has leased a longstanding facility last occupied by Guardian in bayside Melbourne. The 94 place
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Salta sells major Melbourne industrial investment
EXCLUSIVE Salta Properties has sold a major warehouse in Melbourne’s west. The 1.82 hectare property, 29-35 Taras Avenue, near the
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Southern Cross Care sells inner city site
Southern Cross Care WA has sold an inner west Perth site previously permitted for a six storey aged care and
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Growth corridor childcare centre trades off-market
Accord Property has sold another near new childcare centre, this time in Perth’s outer south. The 96 place Buttercups Early
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Griffith spends $9m for QSR investment, land
Griffith Group has bought a service station and Beefy’s restaurant at Ningi, near Bribie Island. The 7000 square metre V-shaped
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Centennial closes fund with Sydney industrial asset
Centennial has bought the final asset for its $780 million Enhanced Value Partnership (EVP), managed for Brookfield. The 2.05 hectare Wetherill
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Centuria eyes World Square stake
Centuria Capital Group is in due diligence for a half stake in Sydney’s World Square office complex. The interest was
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Sentinel flips Mackay office after refurb, relet
Unitholders in a Sentinel trust have turned a healthy profit selling a Mackay office after just over two years and
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Sivasli doubles down on Toorak Road
Diversified developer Sivasli, behind projects in Geelong with James Packer’s NPACT, has acquired two Toorak Village freeholds in a strategic
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CFMG buys Rochedale town centre site
CFMG Capital has paid $30 million for a mixed-use development site at Rochedale, 11 kilometres south east of Brisbane’s CBD.
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RM acquires Sunshine Coast light industrial site
RM Developments has bought a light industrial site, at Cooroy, on the Sunshine Coast – while a Melbourne developer has
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Girls’ school buys neighbouring sites from government
The Monte Sant’ Angelo Mercy College has snapped up two offices beside its North Sydney campus. The deal with the
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Developer buys another Kingsford Smith Drive site
Frank Developments has picked up the Queensland Racing Integrity Commission headquarters of a decade, opposite Breakfast Creek and the Brisbane
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Wentworth snaps up ex-MLC Centre
Wentworth Capital has bought North Sydney’s ex-MLC headquarters. On behalf of a fund, it is speculated to be paying just
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Charter Hall, Mitsubishi to build Melbourne logistics investment
Charter Hall has teamed with Japan’s Mitsubishi Estate Asia to develop a 41,000 square metre industrial and logistics investment in
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Standalone Salvos store sold off-the-plan
Brix Property Group has sold an undeveloped building at the Armstrong Creek Town Centre after pre-committing the Salvation Army for
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EVT sells Rydges Geelong
ASX-listed EVT – formerly Event & Hospitality Management – has settled on the sale of a high-profile Geelong hotel. The
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Centuria fund boosts data centre portfolio
Centuria has spent $60.2 million on two data centre assets and unveiled plans for a new one – all on
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PGIM buy major Melbourne data centre site
PGIM’s recently launched Global Data Centre Fund has bought its first Melbourne site and is lining up another. The US
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Australia Post distribution centre sold in Hobart
An Australia Post distribution centre in Hobart’s north west Derwent Park has traded between private investors. The 3954 square metre
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Gold Coast Rent a Shed trades for $9.4m
A Rent a Shed on Gold Coast’s Burleigh Heads has sold to a local developer The $9.4 million deal for
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Whyalla’s Beach Hotel sold, set for refurbishment
A popular Whyalla foreshore pub and guesthouse will be refurbished after selling to Lofty Property Group. The Beach Hotel was
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Frasers, Norhart sell down Brisbane business parks
Norhart Developments has sold down a 21-unit light industrial estate in Brisbane’s Logan growth corridor, for $24 million. The Belvedere
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Whistle sells Mackay shopping centre
Whistle Funds Management has sold a Mackay retail asset. Sarina Beach Road Shopping Centre collected $24.3 million – a 7.45
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Developer buys row of Wollstonecraft homes
Traders in Purple has picked up another Wollstonecraft site – this one, a row of low rise homes and duplexes.
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Avid lists two pieces of Williamstown’s Waterline Place
Avid is selling two parcels from Williamstown’s Waterline Place project, acquired following its takeover of AV Jennings last April. One
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Stake in Moorebank industrial estate trades for $50m
Dexus Industria REIT (DXI) has bought the half stake it did not control in a Sydney business park from its
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Point sells downs ex-Industrial Galvanizers HQ
Point Property Group has offloaded the second and final piece of the ex-Industrial Galvanizers HQ, at Preston. The developer is
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Landcorp buys Wetherill Park site for small unit project
Landcorp Group will build and sell down a small industrial estate in Sydney’s Wetherill Park after acquiring a serviced, registered,
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Ex-Celtic Club sold for offices
Ten years after the Celtic Club sold its long-time Melbourne CBD home to Beulah with plans to buy back a
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Westbridge sells Brisbane shopping centre, Maccas
Westbridge has sold a Brisbane retail investment bought by an asset manager it absorbed in 2021 – Mair Property Funds.
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Chinese operator pays $31m for Melbourne hotel
A China based operator has acquired a strata hotel, part of the Trio mixed use precinct, in Melbourne’s east. The
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Centennial buys maiden LFR investment
Centennial has acquired a fourth retail interest – also its first large format retail investment – outlaying $52 million. The
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Barwon sells two Victorian medical centres
Barwon Property Funds Management has shed two regional Victorian medical centres held by the Healthcare Property Fund. The priciest, 75-77
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Kelly & Co buy Sapphire Coast pub
Rod ‘Ned’ Kelly has picked up the freehold going concern to the Sapphire Coast’s Narooma Hotel. The waterfront venue, on
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Kew private school lists site
Private girls’ school Genazzano FJC College has listed a block abutting an access gate at its north east edge. The
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Woolworths buys ex-school site from church
EXCLUSIVE Woolworths’ development arm Fabcot has quietly bought a Brisbane growth corridor site from a church which held it for
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Renovated South Melbourne hotel for sale
Another historic, sleekly renovated South Melbourne hotel investment has hit the market. Also in Fishermans Bend, the country’s largest urban
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Australia’s first co-work kitchen opens
ASX listed WOTSO has opened Australia’s first custom-built co-working kitchen complex. With a dedicated collection zone, the facility in Sydney’s
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Investor buys childcare centre sight unseen
Accord Property has sold a new childcare centre in Brisbane’s south west. Following an off-market campaign, an interstate investor, sight
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KFC leases two inner Melbourne restaurants
A KFC franchisee has leased two inner city Melbourne restaurants – one formerly owned by footballer turned commentator Wayne Carey.
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University quietly buys historic Myer dispatch buildings
EXCLUSIVE Following an off-market deal, the University of Melbourne has purchased part of the ex-Myer dispatch complex, across two streets,
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MA Financial sells Wollongong mall
MA Financial has sold another investment seized with its takeover of IP Generation last year. Corrimal Village near Wollongong collected
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Regional WA neighbourhood mall fetches $9m
An IGA anchored retail investment supporting a small town about 220 kilometres north of Perth has sold. Jurien Bay Shopping
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Trask snaps up another Narangba site
Trask Land has bought another low density housing estate site in Brisbane’s north Narangba. The 15.6 hectare Callaghan Road parcel
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Centennial seeds fund with Sydney, Adelaide investments
Centennial will seed its first open ended fund with two major industrial investments. The priciest, we reported in December, cost
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Brewhouse sold, to be repurposed after Endeavour pre-commitment
EXCLUSIVE BE Capital has bought a former Asahi-backed restaurant after using a seven month settlement to obtain a permit to repurpose
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Neighbour buys ex-BOC office, yard
A neighbour has bought a Melbourne office, distribution centre and storage yard owner-occupied since the 1980s by gas and welding
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IFM sells South Tamworth shopping centre
IFM Investors has sold a Coles backed investment in South Tamworth and listed one in Melbourne’s Brighton. In New South
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