Two Charter Hall funds buy Brisbane City Council Bus Network Terminal for $102.5 million

Queensland Treasury Corporation has sold the near-new Brisbane City Council Bus Network Terminal for $102.5 million. Two Charter Hall funds – Charter Hall Long WALE REIT (CLW) and Charter Hall Education Trust (CQE) – are each paying $51.25 million for a half-share. Completed in 2013, the Eagle Farm terminal occupies a 6.2 hectare site in

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Sentinel Property Group pays record $103 million for Brisbane’s Makerston House

Sentinel Property Group is paying $103 million for a B-grade Brisbane CBD office. Makerston House, in the city’s North Quarter, is Sentinel’s most valuable property purchase since forming in 2009. It will be added to the Sentinel Regional Office Trust, alongside nine other investments worth about $350 million, in New South Wales, Northern Territory and

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Wild Mint Properties offloads Brisbane’s Flagstone Village for $20.48 million

An offshore family with several Australian property assets is paying $20.48 million for a new shopping centre at Flagstone, a satellite town about 50 kilometres south of the Brisbane CBD. Flagstone Village returns annual rent of $1.41 million. Within Queensland’s second largest residential growth corridor, anticipated to house about 120,000 people by 2062, construction of

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Korda Mentha sells Acacia Ridge industrial portfolio for $42.08 million

A Sydney-based private investor is paying $42.08 million for two industrial assets in Acacia Ridge, about 15 kilometres south of the Brisbane CBD. The properties are occupied on long-term leases by companies acquired in 2017 by GFC Alliance, headed by Britain’s Gupta family. They include 220-240 Bradman Street, a site which contains multiple freestanding structures

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Boardriders sells Gold Coast HQ to Singapore’s AIMS AMP Capital Industrial REIT for $38.5 million

Boardriders Inc has sold its Gold Coast headquarters to Singapore’s listed AIMS AMP Capital Industrial REIT for $38.46 million. When the sprawling Burleigh Heads mixed-use buiding was listed for sale last November, it was reported the California-based vendor was seeking between $45 million and $50 million. Boardriders offered the complex, with offices, warehousing and retail

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Augusta Funds Management pays $21.52 million for mixed-use investment in Brisbane’s north

New Zealand’s listed Augusta Funds Management has acquired a mixed-use commercial asset north Brisbane for $21.52 million. The holding, 255-271 Gympie Road, Kedron, will be the sole asset in a newly created fund. The property comprises five buildings, containing a total lettable area of 4579 square metres, fitted as offices, shops and a childcare centre.

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Charter Hall pays $75.5 million for 13 childcare centres on Australia’s east coast

Charter Hall is paying $75.5 million for 13 childcare centres on Australia’s east coast. Two of the centres are completed. Six are subject to a “fund through” arrangement, whereby Charter Hall is buying the land, and paying the balance required to construct the investments, which it will own. The centres are fully leased to occupiers

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Nationwide Towing & Transport founders list a national portfolio of four industrial investments

The founders of Nationwide Towing & Transport, a company now majority-owned by the RACV, are selling a portfolio of four industrial investments across Australia. Offered with a leaseback, in one line or individually, the properties return annual rent of $901,160 and are expected to trade for a total of more than $14 million. All up,

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Charter Hall sells two retail assets for a total of $76.1 million

Charter Hall Retail REIT has sold the Coomera Square shopping centre in Queensland and a freestanding Woolworths-leased supermarket in New South Wales, for a total of $76.1 million. The Sydney-based fund manager said the assets traded at a small discount to their December 2017 book values. “The divestments are consistent with the REIT’s strategy to

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