Withers family offers 18 more 7-Eleven service station investments

EXCLUSIVE The Withers family – which controls Australia’s 7-Eleven franchise – is offering another tranche of service stations via a sale and leaseback arrangement. The 18 properties, in the Australian Capital Territory, New South Wales, Queensland and Victoria, will be offered separately at a live-streamed auction event starting in Sydney, then moving to Melbourne, on

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China backed developer pays $26 million for Brisbane’s former Bradken foundry

Four months after ceasing operations on the site, global engineering business Bradken has sold a Runcorn foundry, in south Brisbane, for $26 million. The incoming owner, a Chinese backed local developer, is intending to replace the 16.2 hectare brownfield block with a master planned mixed use project following a rezoning. Bradken listed the site last

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Texas owner to close 19 Australian EB Games stores this month

The Dallas-based owner of video entertainment chain EB Games intends to close 19 of its 300-plus Australian stores by the end of the month. GameStop – the world’s biggest video game retailer – sent suppliers emails overnight confirming the news. Gaming website kotaku.com.au broke the story this morning, with this item. News of which stores

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Scape pays $2 billion for Urbanest’s Australian student accommodation portfolio

Scape Australia is paying $2 billion for a portfolio of student accommodation units in Sydney, Melbourne, Brisbane and Adelaide. The property deal with Urbanest – owned ultimately by the Washington Investment Board care of M3 Capital Partners’ Evergreen Real Estate – is Australia’s biggest this year. It comes less than three months since Scape Australia

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Investors spend $18.3 million on Australian childcare centres yesterday

Five Australian east coast childcare centre investments sold for a total of $18.311 million to separate buyers yesterday. The assets formed part of a portfolio of 16 properties which traded at a bulk auction event, held by Burgess Rawson at Melbourne’s Crown Casino. Most are exchanging on passing yields of between 5 and 7 per

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Centuria spends $236.2 million on Arnott’s factories in Brisbane and Adelaide

Centuria Industrial REIT (CIP) is paying $236.2 million for two Arnott’s factories, in Brisbane and Adelaide. The sale-and-leaseback agreements come five months after the biscuit maker was acquired by US-based global investment house KKR in a $3.14 billion deal. KKR immediately appointed UBS and CBRE to sell three of Arnott’s owner-occupied properties. With a total

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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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