LOGOS, TCorp pay Sigma $172m for two distribution centres

A joint venture between New South Wales’ Treasury Corporation (TCorp) and LOGOS – which is majority controlled by Singapore’s ARA Asset Management – is paying $172 million for two distribution centres offered by pharmaceutical giant Sigma with a leaseback. The facilities, in Sydney’s Kemps Creek (pictured, top) and Brisbane’s Berrinba (right), were purpose built by

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KUBA takes Napoleon Perdis out of Priceline and into David Jones

KUBA Investments is making good on its promise to reposition the Napoleon Perdis business it acquired last April – replacing Priceline with David Jones as a key stockist nationally. The chemist, controlled by ASX-listed Australian Pharmaceutical Industries, previously claimed the makeup was one of its best sellers. The product will instead this month be launched

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MAB secures PPE supplier RSEA Safety to Clyde North Lifestyle Centre

Personal protective equipment supplier RSEA Safety Australia – a retailer booming throughout COVID-19 conditions – has leased a showroom at MAB Corporation’s near-new Clyde North Lifestyle Centre. The 1013 square metre deal in the residential growth corridor 47 kilometres south east of Melbourne was negotiated by Leedwell’s Tom Perkins and Chris Parry. ALDI, Big Picture

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Golden Age approved to build 27-storey office at 130 Little Collins Street

Melbourne’s CBD is prepped for an office building burst with two projects recently approved and another set to start construction on a speculative basis. Last week, City of Melbourne permitted an application by Jeff Xu’s Golden Age Group to build a 27-storey one (artist’s impression, right) at 130 Little Collins Street. The Cox Architecture penned

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Accent Group chooses Armadale for Stylerunner’s first bricks and mortar store

EXCLUSIVE Nine months after purchasing online activewear retailer Stylerunner, which entered voluntary administration three weeks earlier, ASX-listed Accent Group has leased for it a prominent corner shop in ritzy Armadale. The 221 square metre premises, 1152-1154 High Street, is owned by a company controlled by members of the Cohen family. Forming part of the ground

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Cadence spends $14m on former Spotswood animal quarantine station

EXCLUSIVE Charlie Buxton’s Cadence Property Group has purchased the Spotswood Animal Quarantine Station for $14 million. The 3.8 hectare site at 43 Craig Street was occupied by the federal government’s Australian Quarantine and Inspection Service from the 1950s until eight months ago when operations were relocated to a 144ha Mickleham facility, in Melbourne’s north. Glyn

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