Collective Capital collects premium rent from ex-Dennis Family Homes HQ

Collective Capital, which last year picked up the former Dennis Family Homes headquarters in Malvern East as a permit-ready development opportunity – but instead renovated it – has signed two lease deals reflecting a 35 per cent rental uplift. The 203-207 Waverley Road office, still known as Dennis House, has commanded $370-380 per square metre,

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Kaufland lists nine assets from its Australian development pipeline

A month after making the shock announcement that it wouldn’t open in Australia after four years of planning – German supermarket chain Kaufland has moved to sell nine sites from its substantial development pipeline. The “strategically located” properties, with various zonings, are speculated to trade for a total of about $250 million, but this could

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Tranche of 18 service stations net 7-Eleven owners $78.2 million

A portfolio of 18 7-Eleven outlets offered as sale and leaseback investments traded for $78.2 million to separate buyers at an auction event on Tuesday. The deal comes two months after the vendor – controlled by 7-Eleven’s Australian franchise owners, the Withers and Barlow families – banked $77.9 million selling 15 petrol stations, also with

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ARA Asset Management, QuadReal, buy c$330 million East Melbourne office

Singapore’s ARA Asset Management with the backing of Canadian institutional investor, QuadReal Property Group, has acquired East Melbourne’s as-yet-unbuilt Victoria Place office on a funds-through basis. The 200 -216 Victoria Parade site is reported to be selling for about $70 million – with the pair to then finance construction, which will be overseen by Time

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Quintessential Equity banks $14.7 million from Noble Park North industrial investment

Quintessential Equity has sold a 2.4 hectare industrial investment in Melbourne’s Noble Park North for $14.7 million. The commercial investor and developer, which provides syndicate opportunities for wholesale buyers, paid $6.8 million for 180 Browns Road in 2013. OneSteel Reinforcing, now known as Infrabuild, is the long-term occupier. About 27 kilometres south east of the

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Nick Theodossi buys Doncaster BMW freehold for $50 million – without agent

EXCLUSIVE Luxury car dealer Nick Theodossi is paying about $50 million for a Doncaster investment with significant long-term development upside. The 1.1 hectare block at 812-814 Doncaster Road is leased for 12 years to long time occupier Doncaster BMW. Mr Theodossi, also a commercial property investor, secured it following an off-market deal negotiated directly with

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LOGOS Group secures efm Logistics for speculative Altona warehouse

Logistics focused landlord and developer LOGOS Group has found an occupier to take all of a speculative 23,322 square metre facility it only completed construction of last month. efm Logistics Services will move into the Altona Logistics Estate warehouse mid-year. JLL’s Matt Ellis and Matt Crofts represented LOGOS Group, which is backed by, amongst others,

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