Primewest spends $17.5m on childcare centres for new income fund

EXCLUSIVE Primewest is acquiring three childcare centres for a new fund. In the priciest deal, it is paying $7.25 million for a 122-place complex in Gold Coast’s Robina. Developed in 2004 and recently refurbished, 60 Investigator Drive (pictured, top, unrenovated) is tenanted to Oxanda Education for 15 years; an agreement with three 10 year options.

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Iris Capital pays AccorInvest c$180m for distressed iProsperity portfolio

Sydney publican Sam Arnaout is paying AccorInvest c$180 million for 17 Ibis hotels. Twelve are in the purchaser’s home state amongst them Ibis Sydney Airport (pictured, top), Ibis Budget Sydney Olympic Park and Ibis Newcastle. Three are in metropolitan Melbourne including a 230-room inn near Queen Victoria Market. There is one in each of Brisbane

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Elanor seeds fund with $80.2m Woolloongabba healthcare, office asset

Elanor Investors Group (ENN) will seed its third fund in three months with a Woolloongabba mixed-use commercial investment costing $80.2 million. Covering 1.54 hectares, it contains a four level, 5-star NABERS energy rated medical facility at 163 Ipswich Road built in 2006 for the state government’s Queensland Health which is on a lease expiring in

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ESR buys 11 Propertylink investments for $302.5m

ESR Australia is buying out one of its managed funds – the Propertylink Australian Industrial Partnership II (PAIP II) – for $302.5 million. The deal will see 11 east coast assets transferred to another ESR Australia trust, ESR Australia Logistics Partnership (EALP): 12A Rodborough Road, Frenchs Forest, NSW 98 Kurrajong Avenue, Mount Druitt, NSW 2

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LWHP pays $353m for six Bunnings investments

Charter Hall managed Long WALE Hardware Partnership (LWHP) – which includes Telstra Super and VFMC as partners – has paid $353 million for a portfolio of six metropolitan Bunnings stores. Five are in the east coast capitals of Sydney (Bonnyrig and Caringbah), Melbourne (West Footscray) and Brisbane (Underwood and Virginia). The other is in Adelaide’s

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Centuria spends $171.1m on cold storage portfolio

Centuria Industrial REIT (CIP) has spent $171.1 million on three Australian east coast cold storage investments. The deal is being struck on a blended 5.62 per cent yield. All properties are occupied, to either national or international businesses. One of them was acquired as a leaseback. The portfolio’s Weighted Average Lease Expiry is 6.4 years.

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Syndicate pays $17.75m for Acacia Ridge’s ex-Mitre 10 regional distribution centre

A syndicate is paying $17.75 million for an Acacia Ridge industrial property with plans to demolish an office and further refurbish the improvements which will be marketed for lease. The ex-Mitre 10 regional distribution centre at 131 Beenleigh Road last traded in 2016 for $26.9m. On 4.7 hectares, it adjoins the Acacia Ridge Rail Marshalling

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EADP spends c$90m on Acacia Ridge industrial asset, plans premium redevelopment

ESR Australia Development Partnership (EADP) is paying c$90 million for an 18 hectare industrial investment it classifies a development site in Brisbane’s Acacia Ridge. The property, 1502 Beaudesert Road, was offloaded by Blackstone managed 151 Property. It contains 76,909 square metres of lettable area in several 1960s warehouses; 21.5 per cent is vacant. EADP plans

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