EG sells Gold Coast’s Circle on Cavill to Macau’s Loi Keong Kuong for $61.8 million

EG has sold Gold Coast’s Circle on Cavill shopping centre to Macau businessman and casino mogul, Loi Keong Kuong, for $61.8 million. The off-market deal for the 12,364 square metre arcade on the lower levels of Sunland’s two-tower Circle on Cavill apartment development, was first mooted 12 months ago. JLL’s Jacob Swan and Sam Hatcher

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Pelligra Group spends c$70 million on distribution centres in Goulburn, Warwick

Pelligra Group has outlaid about $70 million on two regional distribution centres following an off-market deal. The most valuable facility, in Goulburn, New South Wales (pictured, right), is leased to Coles until 2022. At 134 Lillkar Road, the 16.25 hectare site includes a modern complex with a 42,500 square metre warehouse with 60 access points

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Kaufland lists nine assets from its Australian development pipeline

A month after making the shock announcement that it wouldn’t open in Australia after four years of planning – German supermarket chain Kaufland has moved to sell nine sites from its substantial development pipeline. The “strategically located” properties, with various zonings, are speculated to trade for a total of about $250 million, but this could

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Tranche of 18 service stations net 7-Eleven owners $78.2 million

A portfolio of 18 7-Eleven outlets offered as sale and leaseback investments traded for $78.2 million to separate buyers at an auction event on Tuesday. The deal comes two months after the vendor – controlled by 7-Eleven’s Australian franchise owners, the Withers and Barlow families – banked $77.9 million selling 15 petrol stations, also with

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Aldi to sell $700 million worth of Australian east coast distribution centres

Postscript: this portfolio sold in June, 2020, for $648 million to Allianz Real Estate groups and Charter Hall Group’s Charter Hall Prime Industrial Fund. Read our story here. Aldi will offload $700 million worth of distribution centres on Australia’s east coast – with leasebacks. The four warehouses return annual rent totalling about $30 million. Sale

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