Charter Hall bets on Star casino
Star Entertainment Group has sold Charter Hall the Treasury Casino and a neighbouring hotel and car park for $248 million.
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Queensland
Dexus banking c$1.7b from offices
Dexus is selling six office investments for a speculated total of close to $1.7 billion. Four of the assets –
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Charter Hall buys second Brendale block in a month
A month after paying $32.25 million for a logistics investment in Brendale’s South Pine Road – Charter Hall has snapped
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Barwon buys Brisbane, Canberra healthcare centres
Forza Capital has sold Barwon Investment Partners a South Brisbane healthcare centre for $34.7 million. The Melbourne based vendor paid
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ESR grows Brisbane portfolio with Wacol deal
ESR has added another Brisbane industrial property to its portfolio – this time at Wacol. The prefabrication plant on 7.512
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Not for profits trade South Brisbane studio
Queensland Performing Arts Centre has sold a South Brisbane studio to the St Vincent de Paul Society, which has its
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Phoenix Transport expands in Berrinba
Phoenix Transport has leased a modern Berrinba warehouse held by ARA LOGOS Logistics Trust. The occupier has committed for an
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Cbus, UniSuper strike Australia’s biggest retail deal
Cbus Property and UniSuper have partnered with AMP Capital to acquire stakes in two major shopping centres for a total
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Billbergia offloads Brisbane Skytower commercial component
A commercial portfolio within Brisbane Skytower, the city’s tallest building, has sold to a Sydney investor for $32.846 million. The
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Gateway expands in Acacia Ridge
Gateway Capital has snapped up an industrial investment next door to another it purchased last month. Its newest asset, 149-157
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PGIM picks up another Brisbane office
PGIM Real Estate today confirmed the $54.5 million purchase of 444 Queen Street, in Brisbane’s CBD. The property was offloaded
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SCA embarks on $108m spending spree
SCA Property Group is spending $108.1 million on four shopping centres. In the biggest deal, the group is paying $54.5m
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Ascot offloads industrial, office portfolio
Ascot Capital has sold an $800 million-plus commercial property portfolio. The bulk, 23 logistics investments and an office – all
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Spotlight buys into Hervey Bay with development plan
Bunnings has quietly sold the prime Hervey Bay site it picked up 11 years ago to keep then-rival Masters out.
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Aviator offloads Ashgrove health hub
Aviator Capital has sold the Ashgrove medical centre which was its maiden Brisbane investment four years ago. The Highpoint Wellness
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Cromwell acquires another Brisbane office
ISPT has sold one of two major offices listed mid-year. The Brisbane asset, 100 Creek Street, is trading for $184.7
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HealthCo spends $200m on essential services assets
HealthCo’s Health and Wellness REIT (HCW) has announced a series of acquisitions increasing its portfolio value 20 per cent to
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Vicinity acquires Harbour Town stake
Lendlease has sold its half stake in Gold Coast’s Harbour Town shopping centre for $358 million. Vicinity Centres is the
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ID_Land expands to Queensland
ID_Land is speculated to be paying $70 million for the balance of the Waterlea estate in Walloon, west of Ipswich.
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Charter Hall picks up Imperial Hotel
Charter Hall has spent $6.618 million for the Imperial Hotel at Beenleigh, about 35 kilometres south east of Brisbane. The
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Greenpool, Qualitas acquire stake in Gold Coast mall
Greenpool Capital and Qualitas have snapped up a half-stake of Gold Coast’s Runaway Bay Centre. The $128 million price reflects
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Arrow spends $50m on Brisbane industrial sites
Arrow Capital Partners is spending $50 million on three Brisbane industrial sites. The deal includes 14 hectares at the Citiswich
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Supra Capital expands interstate
Melbourne based Supra Capital has opened a Brisbane office. The alternative lender, whose board includes Melbourne Cricket Club president Michael
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MPG picks up Ballina, Bendigo offices
MPG Funds Management has announced it acquired four regional investments for $53.25 million on a blended 6.25 per cent yield.
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Two small malls sell in Queensland
MPG Funds Management is paying $13 million for Sarina Village Shopping Centre, 40 kilometres south of Mackay. The deal for
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ESR expands industrial estate with $17.7m deal
ESR Australia has paid $17.65 million for a seven hectare Berrinba industrial development site. The block abuts the group’s Gilmore
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Aliro strikes deals in Geebung, Laverton North
Aliro Group has snapped up Pickles Auctions’ Geebung office/warehouse, and a neighbouring industrial property, as a value-add play. The $67.75
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Bunnings lists Hervey Bay store
Bunnings is offering another unbuilt outlet – this time in Hervey Bay. The hardware chain can expect about $55 million
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APN outlays $24.4m on convenience retail
APN Funds Management is outlaying $24.4m on two convenience retail investments. At Riverview, in suburban Brisbane, and Dubbo – 400km
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Charter Hall picks up Toyota forklift factory
Charter Hall is paying $21 million for a modern Larapinta property occupied by Toyota Material Handling. The 7094 warehouse, office
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Industrial assets collect $351m from Centuria
Centuria has snapped up eight fully leased warehouses, boosting the value of its Industrial REIT (CIP) by 10 per cent.
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Centuria spends $167m on healthcare assets
Centuria has purchased seven fully leased essential services investments for its Healthcare Property Fund (CHPF). The acquisitions double the number
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Lendlease, Morgan Stanley seed fund with $430m portfolio
Lendlease and Morgan Stanley Real Estate Investing have acquired five warehouses and three blocks of industrial land which, when developed,
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Westbridge bolsters Brisbane industrial portfolio
A week after paying Centuria $16.1 million for a Wacol warehouse, Westbridge Funds Management has picked up a smaller one
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Charter Hall spends $66.9m on warehouses
Charter Hall has added two east coast industrial investments to the Long WALE REIT (CLW). In the biggest deal, the
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Gateway invests in Brisbane, Melbourne
Gateway Capital has picked up two more east coast infill industrial assets. The properties will be held in the Gateway
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Ingenia buys Carrum Downs, Sunshine Coast sites
Ingenia Communities is paying $10 million for a Carrum Downs seniors housing investment. Protea Village, on 6279 square metres at
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HomeCo goes on $222m shopping spree
Home Consortium (HomeCo) has added six retail investments to its Daily Needs Trust (HDN), which floated last November. Two of
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Centuria offloads Brisbane warehouse
Westbridge Funds Management is paying $16.1 million for a Wacol industrial investment. The deal, with Centuria, which held it in
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Stronghold picks up Cairns pub, development sites
Stronghold Investment Management has added a Cairns pub and neighbouring apartment development sites to its diversified portfolio. The Grand Hotel,
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Oscars buys riverside Brisbane hotel
Bill and Mario Gravanis’ Oscars Hotel Group is paying a speculated $50 million for the Oakwood guesthouse beside Brisbane’s Story
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State government buys $60.5m site for freeway
The Palaszczuk government is paying $60.5 million for a high-density apartment site it intends to use for an infrastructure project.
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Trilogy adds Sunshine Coast warehouse to portfolio
Trilogy Funds Management is paying $22.05 million for a Coolum Beach industrial investment. The price for 15-17 Dacmar Road reflects
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Fawkner spends $162.5m on Mackay mall
Fawkner Property is paying $162.5 million for Mackay’s Mount Pleasant Centre. The deal with Vicinity Centres, which manages the asset
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Elanor sells Queensland shopping centre, reports growth
Elanor Investors Group (ENN) has sold Moranbah Fair Shopping Centre after four years. The deal, with Sentinel, is worth $28
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Carina retail investment collects $12.5m
A Carina retail investment – 97 per cent occupied by health and medical groups – has sold for $12.5 million.
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Cold storage portfolio collects $51m
PTG Land has banked $51 million from a portfolio of four fully-leased Brisbane cold storage investments. The deal includes two
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Crane company buys Pinkenba warehouse
Borger Cranes has snapped up a vacant Pinkenba industrial property. The 1.31 hectare site, with 27 car parks at 119
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MA picks up Bundaberg shopping centre
MA Financial has purchased another shopping centre, this time in Queensland. Stockland Bundaberg at 115-119 Takalvan Street, Avoca, is costing
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McPhee industrial portfolio collects $186m
Dexus is paying McPhee Transport director Jay McPhee $186 million for four new, fully leased distribution centres. Three are in
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Centennial outlays $25.85m in Brisbane
Centennial Industrial and Logistics (CIL) has purchased two Brisbane industrial assets from Pipeclay Lawson Limited. The priciest, 141A Boundary Road,
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Frasers acquires Newstead car park
Frasers Property Australia is paying $16.5 million for a Newstead development site. The 3016 square metre Mixed Use zoned parcel
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APN buys two more servos, reports growth
APN Property Group has purchased two more service stations for its Convenience Retail REIT (AQR). Both are in Queensland –
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Sisters of Mercy sell hilltop site after six decades
White Energy managing director, mining engineer Brian Flannery, has outmuscled developers and not-for-profits for a Sisters of Mercy ex-novitiate, in
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Aviator expands to Townsville
Aviator Capital has purchased its first Townsville property – a supermarket-converted-office. Urban Corner at 71 Stanley Street (pictured, top) is
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Irongate buys Michael Hill HQ
Irongate Group (IAP) is buying a Cannon Hill office on a funds-through basis. The four storey, 3520 square metre building
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Aspen spends $18.5m on co-living investment
Aspen Group has purchased an Upper Mount Gravatt student accommodation complex with plans to repurpose it as a traditional co-living
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Gateway buys Hemmant industrial park
Gateway Capital has purchased its second industrial investment in a fortnight. The 6.55 hectare asset, 227-247 Fleming Road, Hemmant, in
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ALE pots $14m from historic pub
ALE Property Group has sold Toowong’s Royal Exchange Hotel for $14.05 million – a price reflecting a four per cent
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Ganellen picks up Brisbane mall
Recently refurbished shopping centre Kallangur Fair, in Brisbane’s north, has sold for $22.45 million. Sydney based fund manager Ganellen is
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Charter Hall, United Petroleum trade Pinkenba site
Charter Hall is paying $43 million for an industrial development site at Pinkenba, near Brisbane Airport. The group is intending
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Clarence picks up west Brisbane industrial site
Clarence Property is spending $14.4 million on a Richlands industrial development site. At 18 Macgregor Place, at the south east
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JDA, Star snap up Queensland hotels
Publicans have swooped on two Queensland hotels in deals worth a total of $22 million. In Bundall, about three kilometres
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SCA acquires third Queensland shopping centre this year
SCA Property Group is paying $34.34 million for Drayton Central, on Toowoomba’s southern outskirts. The price reflects a 5.39 per
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Charter Hall concludes $560m industrial spending spree
Charter Hall has snapped up 17 industrial assets including the landmark Port Connect Distribution Centre (pictured, top), in Lytton –
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Elanor fund buys Surfers Paradise ‘tower of power’
GDI Property Group has sold a landmark Surfers Paradise office for more than twice what it paid in 2015. The
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Pidgeon family offloads another office
A European investor represented by UBS is paying the Pidgeon family $85 million for a 10-level Brisbane CBD office. The
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Fawkner Property picks up service station portfolio
Waypoint REIT (WPR) has sold 31 service stations to Fawkner Property trusts for a total of $113.9 million. The deal
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HomeCo outlays $80m on unbuilt healthcare investment
Home Consortium (HomeCo) has purchased Southport’s unbuilt Proxima building from Evans Long. The funds-through deal, worth $80 million, reflects a
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Redhill Partners acquires Brendale industrial investment
Redhill Partners is paying $9.5 million for a Brendale industrial investment. The 4260 square metre facility is leased until 2026
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AU purchases $33.5m suburban Brisbane office
Australian Unity has purchased Beenleigh’s first major commercial building since 2011. Due for completion next month, the seven storey investment
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West End office, gym trades for $14.5m
An office and gym on 3321 square metres in Brisbane’s inner west have sold for $14.5 million. The price for
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Charter Hall fills part of ex-Virgin HQ
A FUJIFILM Holding Corporation subsidiary has leased nearly a quarter of the Bowen Hills office vacated by Virgin Australia after
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Surfers Paradise sites trade for c$50m
Developers have swooped on two beachfront Surfers Paradise sites in deals worth a total of c$50 million. At 75-79 Garfield
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Stockland snaps up Halcyon
Stockland is paying $620 million for Queensland over-50s communities owner and developer Halcyon. The deal includes 3800 sites across 13
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ALE offers historic Brisbane hotel
ALE Property Group is selling Toowong’s Royal Exchange Hotel. The c1886 venue at 10 High Street was once licensed to
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HomeCo spends $209.7m on healthcare investments
Home Consortium has purchased eight oncology clinics from GenesisCare and a five hectare block at Camden where it will develop
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HomeCo picks up TownCentre Victoria Point
HomeCo has purchased TownCentre Victoria Point, south east of Brisbane, for $160 million. The deal reflects a fully let 4.75
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Charter Hall buys Bunnings, office
Charter Hall has snapped up another Bunnings backed investment for its Long WALE REIT (CLW). The Baldivis outlet at the
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GPT, QuadReal snap up two more east coast projects
A joint venture comprising GPT and Vancouver-based QuadReal has acquired two east coast investments. In Melbourne, the partnership, GPT QuadReal
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