Cloncurry region cattle station Nardoo collects $35m from producer

Sam Daniels, a member of one of Queensland Gulf’s biggest cattle producing families, outbid 10 suitors on Friday to pick up Cloncurry-region breeding and fattening farm Nardoo Station. The 97,500 hectare property 95 kilometres west of the Burke and Wills Roadhouse cost $35 million following an auction in Brisbane. Russell Pearson, who earlier this year

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Regional commercial real estate portfolio sold privately after auctions cancelled

Fifteen east coast commercial properties which were to have been offered at portfolio auctions that were cancelled this quarter because of COVID-19 restrictions, have found buyers following private sale campaigns. Seven assets are rented to businesses considered essential services. Three shops, two offices and two factories – all being outside of Victoria – are also

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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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Palaszczuk government lists office site at Lumina innovation cluster

The Queensland government has listed a commercial development site at its 200 hectare Gold Coast Health and Knowledge Precinct, the 2018 Commonwealth Games Athletes Village. The parcel, 2E, sits within Lumina, a 9.5ha innovation cluster at the $2.9 billion master-planned community. Though put at 7087 square metres, the property’s boundary – and configuration – is

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Frasers’ logistics trust buys Melbourne and Thames Valley investments, sells half stake of Brisbane facility

Frasers Logistics & Commercial Trust will pay its parent Frasers Property $91.6 million (S$89.9m) for an industrial investment in Melbourne and a high-tech business park in the Thames Valley (pictured, top), about 60 kilometres west of London. The Singapore listed fund also announced today it is selling its remaining half stake in a Coles-leased cold

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Nationwide Towing & Transport founders sell four industrial investments with a leaseback

The founders of Nationwide Towing & Transport have sold four industrial investments with a leaseback for a speculated total price of more than $14 million. The same vendors separately offloaded Collingwood’s Melbourne Impound Yard to RACV – which in 2017 acquired a 51 per cent stake of the tow business now under the Nationwide Group

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MPG Funds Management outlays $40.98m on five government backed regional buildings

MPG Funds Management has acquired another five non-metropolitan assets, this time for its Regional Cities Property Trust, which was established in September, 2018. The total outlay is $40.98 million. All of the properties are leased to the government. The deal comes three months after MPG spent $43.5m on Rockhampton’s Bunnings Centre – for its (then-newly

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