Ascot Capital picks up Port Macquarie office from Sentinel for $37.9 million

Ascot Capital is paying $37.9 million for a Port Macquarie office with a long lease to Essential Energy. The asset, 8 Buller Street, was offloaded by Sentinel Property Group which paid $20.6 million in January, 2017. A subsequent renovation improved the building quality to A-grade. Sentinel PG re-offered the office for sale after securing the

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Coronation Property pays Stockland $41 million for Merrylands build-to-rent site

A 1.25 hectare development site within Merrylands’ Town Centre has sold between Sydney developers. Family owned Coronation Property is paying ASX-listed giant Stockland $41 million for 52-54 McFarlane Street. The parcel is next door to a Stockland owned shopping centre and a block from Merrylands train station. Stockland had previously won permission to replace the

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Mount Falcon cattle station sells for more than $13.2 million

A family already with Upper Murray interests has paid over $13.2 million for Tooma Valley’s Mount Falcon cattle station. The 2887 hectare Holbrook holding near Kosciusko National Park and Snowy Mountains was offloaded by China’s Union Agriculture which paid about $6 million in late 2011. The vendor during that campaign, OzEmail founder, Sean Howard, acquired

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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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Vicinity Centres buys 50 per cent stake in Uni Hill Factory Outlets, now to be known as DFO, and sells half-share of Lennox Village

Vicinity Centres is paying MAB Corporation $67.8 million for a half share interest in the Uni Hill Factory Outlets complex in Melbourne’s Bundoora. MAB Corporation will retain the balance of the 11-year old centre, which was expanded in 2014. At 2 Janefield Drive, Uni Hill Factory Outlets contains 19,580 square metres of lettable area tenanted

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Charter Hall Retail REIT sells five east coast investments – three to Lascorp

Melbourne-based specialist retail investor and developer Lascorp is paying Charter Hall Retail Management Limited, as responsible entity for Charter Hall Retail REIT (CQR), $62.35 million for three regional Victorian supermarket-based assets. The centres form part of a portfolio of five properties CQR has just sold off-market to fund the recent $840 million purchase of a

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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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ESR seeds office mandate with two wholly owned business parks worth $138 million

ESR Cayman Limited will seed an office focused mandate using two wholly owned Sydney business parks, picked up as part of its $723 million takeover of Propertylink in April. The ESR Office Partnership IV (EOP IV), worth $138 million, includes: 15 Talavera Road, Macquarie Park (pictured, right) – which contains 12,630 square metres of lettable

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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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Two Charter Hall funds behind $397.8 million purchase of Arnott’s Huntingwood plant and distribution centre

Two Charter Hall funds will co-own a major food production facility and distribution centre in Sydney, leased to Arnott’s. Charter Hall Prime Industrial Fund (CPIF) and Charter Hall Long WALE REIT (CLW) will hold an equal stake in 61 Huntingwood Drive, Huntingwood, after each outlaying $198.9 million. The deal is being struck in an estimated

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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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Marks Henderson outlays $92.75 million for Darlinghurst warehouse-converted-office

Marks Henderson is spending $92.75 million on a high-character warehouse-converted-office in Sydney’s inner east Darlinghurst. The deal for 19A Boundary Street with vendor Haben Property Fund is being struck on a 4.7 per cent passing yield. It values every square metre of lettable area at $14,300. A trophy asset The seven-storey complex with ground floor

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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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Centuria Property Funds Limited sells Parramatta office to SC Capital Partners for $105.3 million

EXCLUSIVE Centuria Property Funds Limited has sold a Parramatta office at 2-10 Wentworth Street to Singapore’s SC Capital Partners, banking $105.3 million. The property was the sole asset in the unlisted Centuria 2 Wentworth Street Fund, which was closed-end with a five year term. CPFL – a subsidiary of the ASX-listed Centuria Capital Group (CNI)

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ASICS Oceania calls in local sports stars to open landmark Marsden Park HQ

Sportswear giant ASICS Oceania called in several high-profile sponsors to open its landmark Australian headquarters at Marsden Park, about 50 kilometres north west of the Sydney CBD. Rugby stars Cooper Cronk and Kurtley Beale, with tennis player Stam Stosur, netballer Caitlin Bassett, high-jumper Brandon Starc, and senior ASICS executives, unveiled the 5.7 hectare Richmond Road

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Charter Hall Direct PFA Fund sells Parramatta office for a headline $64.25 million

EXCLUSIVE Charter Hall’s Direct PFA Fund has sold a Parramatta office to a private investor for $64.25 million – or $62.6 million once outstanding lease incentives are deducted. The Sydney-based fund manager and developer, which has embarked on a spending spree which may be the hallmark of the commercial property sector this year – said

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Stockland, AIMS APAC REIT, secure Optus HQ at Macquarie Park for 12 more years

EXCLUSIVE Optus has signed a 12 year lease renewal for its landmark campus-style headquarters in Sydney’s north. The landlords, ASX-listed Stockland and joint venture partner, AIMS APAC REIT (AA REIT), which is listed on the Singapore Exchange, will undertake property upgrade works, as part of the deal. The Macquarie Park campus in North Ryde, known

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