Beacon Lighting sells Parkinson distribution centre to Charter Hall on a leaseback

Charter Hall Direct Industrial Fund No 4 (DIF4) is paying ASX-listed Beacon Lighting $28 million for an ex-Masters store turned distribution centre in Brisbane’s south Parkinson. The 58 Precinct Street deal is being struck on a 5.38 per cent passing yield. Purpose-built for Woolworths Limited’s failed hardware business five years ago, the property was re

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Caltex sells portfolio of 25 service stations for $136 million, or $92 million after costs

Caltex – whose management last week rejected a takeover bid from Quebec’s Alimentation Couche-Tard, saying the $A34.50 per share offer under-valued the company – has sold a portfolio of 25 Australian service stations, for $136 million. The sites were identified as having a highest-and-best use outside of selling petrol. Targeted to residential developers, the properties

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GWA signs, resets leases, for three Charter Hall warehouses on Australia’s east coast

EXCLUSIVE One hand is washing the other – metaphorically – following a unique agreement between Charter Hall and GWA Group Ltd – the producer and distributor of Caroma tap wear. Charter Hall has committed and reset leases with GWA for three office warehouse facilities, in Sydney, Melbourne and Brisbane, containing a total area of 51,982

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Desane settles on $9.5 million Wacol industrial property – its first Queensland acquisition

An entity of the ASX-listed Desane Group Holdings Limited has settled on its first Queensland property investment. Desane Properties Pty Ltd – which is headquartered with its parent in Sydney – is paying $9.5 million for a 2.2 hectare site in Wacol, about 11 kilometres south west of the Brisbane CBD. The investment, 16 Industrial

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Vicinity banks $195.5 million selling Geelong and Brisbane retail assets

CBRE’s newest recruit, star agent Simon Rooney, will be writing up his first commission after selling two non-core retail assets for Vicinity Centres. Vicinity chief executive officer and managing director, Grant Kelly, said the disposal of the “non-core” Corio Central in Geelong, and a 25 per cent interest in the Mt Ommaney Centre in Brisbane,

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Sydney investor pays $5.25 million for East Brisbane showroom with “significant” development upside

A Sydney investor has paid $5.25 million for a mixed-use East Brisbane commercial property “with significant development upside”. The 1619 square metre site at 169 Wellington Road includes 17 car parks and a modern double storey building configured with a warehouse, showroom and office. Returning annual rent of $322,000, the asset is selling on a

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Clive Palmer buys Townsville’s historic Queensland Building

Businessman and politician Clive Palmer has paid $780,000 for the historic Queensland Building, in Townsville’s entertainment precinct. The three-level heritage protected property at 104 Flinders Street (pictured, top), overlooking Ross Creek, attracted 15 bids at auction last week. Eight prospective purchasers were registered to buy, according to Colliers International Townsville managing director Peter Wheeler. “In

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Brisbane, Melbourne childcare centres set to smash national records

A Brisbane childcare centre investment listed this month could be the most expensive sold in Australia – smashing the record set last year for a Sydney centre, by some $14 million. The Bowen Hills complex, three kilometres north east of the Queensland capital, is expected to trade for more than $35 million. It forms part

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iProsperity, ZACD Group buy AccorInvest portfolio of 23 hotels for $212.6 million

iProsperity Group (iPG) and Singapore-based fund manager ZACD Group have acquired a portfolio of 23 hotels from AccorInvest for $212.6 million. The investments – 17 real estate assets and six lease interests – provide 3046 rooms across Sydney, Melbourne, Canberra, Brisbane, Perth and major regional cities (a full list of the portfolio is at the

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Brisbane strata office sells for $5 million – a 2019 Queensland high

A strata titled office spreading the second floor of a contemporary office in Brisbane’s inner-city Spring Hill has sold for $5 million. The sale of level two, 150-170 Leichhardt Street (pictured above, outlined), is the biggest strata transaction struck in Queensland this year, according to the selling agency. The 1374 square metre space, with a

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Toowoomba developer pays $4.2 million for Brisbane block, applies to build major mixed-use complex

A developer is paying $4.2 million for a permit-ready property in Nundah, about eight kilometres north east of the Brisbane CBD. The 8523 square metre site at 20 Nellie Street was approved to make way for a residential complex containing 168 apartments within four buildings. Instead, the incoming owner – a Toowoomba based investor –

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