Government sells ex-Sydney Metro substation site
Transport for NSW has sold a Lower North Shore site until recently earmarked for power infrastructure. The 1270 square metre
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New South Wales
Royal Oak Hotel trades between operators
The Royal Oak Hotel in Sydney’s exclusive Double Bay has sold off-market. The Ryan family is understood to be paying
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Green light for $1.4b Sydney data centre
Goodman Group has been given the green light to replace a suburban Sydney office with a 135-megawatt data centre. Project
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IHG adds two hotels to Urban partnership
IHG Hotels & Resorts has added two New South Wales assets to a recently formed partnership with Urban Property Group.
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Childcare operator beats developers to blue-ribbon Sydney site
A 1970s Lower North Shore childcare centre, marketed for its potential to yield over 20 apartments in a luxury project,
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List of Bathla creditors revealed
Bathla’s collapse has left a private-credit lender list stretching across more than 40 financiers, alongside $145 million owed to the
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Sam Arnaout offloads Wisemans Inn
Sam Arnaout’s Iris Capital has sold the historic Wisemans Inn Hotel, four years after buying it from former Wallabies player Bill Young. The property
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SS South Steyne hits the market
Sydney’s heritage-listed SS South Steyne, which spent 36 years carrying passengers between Circular Quay and Manly before becoming a floating
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Arrow, BGRE strike office lease deals
Two prominent occupiers have recommitted to office precincts, east and west of the country. In Sydney, the state government’s eHealth NSW has
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Six ex-Heritage Care homes sold with leasebacks
EXCLUSIVE A 570-bed aged-care portfolio, including the former Epping Gardens complex, where 38 residents died during a COVID-19 outbreak in
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Council bags ex-Aldi at discount
EXCLUSIVE Fairfield City Council has bought an ex-Aldi at the centre of a tangled property trail involving WiseTech Global founder
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Cash-strapped government keeps property sell-off rolling
The Albanese government has sold another Australia Post-backed logistics asset from a $400 million-plus portfolio listed with leasebacks earlier this
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JDA Collective buys NSW South Coast hotel
JDA Collective has bought a beachfront hotel on the NSW South Coast – outlaying a speculated $44 million. The Stevens
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Hunter Ferdinand cashes out medical centre portfolio
A medical centre portfolio with 14 assets, in Sydney, the Central Coast and regional New South Wales, has sold for
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May lands Newcastle’s Surfhouse
May Hospitality has bought Newcastle’s Merewether Surfhouse for about $27 million with plans for a major refurbishment. The three-level, 2277
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Singapore giant chooses Sydney for maiden Australian investment
KSL Capital Partners has sold the Four Points by Sheraton Sydney, Central Park, after five years. The US-based group is
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Dubbo hotel fetches $8.4m
Brothers Ryan and Shawn Maas have sold a Dubbo pub and business after more than a decade. The freehold for
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MA, Vicinity trade retail investments worth $169m
MA Financial has confirmed the purchase of two east coast retail investments. Vicinity is the seller. As realestatesource.com.au reported last
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Wahlburgers shuts four Australian outlets
Four of six Australian Wahlburgers restaurants have shut leaving Mark Wahlberg’s burger chain with two local sites. The closures include
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The Living Co pays $72.5m for student asset
The Living Co has paid $72.5 million for a student accommodation asset occupied by Boston University, in Sydney. The eight-storey
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BlackRock-backed StoreLocal spends $57m on Sydney assets
StoreLocal – majority owned since last year by BlackRock- has snapped up two new Sydney warehouses to occupy. The priciest,
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Freecity wins Australian first with student tower
Freecity has secured an Australian first for a 528-unit student accommodation project, achieving a WELL for Residential pre-certification. The 20-level
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Fairfax family sells balance of Sydney pub portfolio
Charter Hall and Australian Venue Co have bought two modern, high-profile inner-city Sydney pubs from Amalgamated Hotels, co-controlled by the
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Perth businessman banks $19m for Sydney warehouse
Perth businessman Danny Pavlovich has sold a Sydney warehouse with an 18-month leaseback to one of his companies, Nutrition Systems.
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EG buys GenesisCare-backed clinic, Sydney
EG has bought a west Sydney specialist medical investment from Centuria. The purpose-built radiation oncology facility on 531 square metres
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Revelop buys land-rich Sydney market with revamp plan
Revelop has taken control of one of north-west Sydney’s biggest development sites after it languished under the collapsed Dyldam group.
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MAAS Group lands another big industrial site
ASX-listed MAAS Group, led by ex-NRL player Wes Maas, has bought a sizeable industrial site in Newcastle’s north-west. The 2.27
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GIC-backed fund pays $450m for Sydney tower
Singapore sovereign wealth fund GIC is backing a $450 million deal for a Sydney CBD office tower. The 32-level 1
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Land-rich Sydney office/warehouse fetches $39m
A land-rich vacant industrial holding in west Sydney has sold for the second time in four years. Sky Rise Projects
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Warburg Pincus, Kio target $2.5b rental housing portfolio
Warburg Pincus is increasing its commitment to Australian rental housing, expanding its collaboration with Kio Investment Management to pursue a
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Camden hotel sells after 29 years
The Crown Hotel at Camden has changed hands after 29 years. The freehold going concern sold off-market. At 187 Argyle
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Jack Martin adds NSW olive estate to portfolio
The Martin family, through the established feature-tree and premium horticultural business, Heritage Acres, has snapped up a 745-hectare Southern Tablelands
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Fairfax family, Justin Hemmes trade premium Sydney hotel
Justin Hemmes has snapped up one of the inner-city’s best-known premium pubs. The Sackville Hotel – and a neighbouring block
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Roc-backed Precision buys Riverina broiler farm portfolio
Precision Poultry, an investment vehicle established by Roc Partners, has acquired the VOAG broiler farming enterprise near Griffith. The Riverina
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LaSalle, Hale complete Sydney’s first Central West multi-level warehouse
LaSalle Investment Management and Hale Capital Partners have completed the first multi-level industrial estate in Sydney’s Central West. The 40,000
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Shahin family monetises another OTR asset
Three major convenience retail investments have changed hands in recent weeks for a combined $25.9 million. In the priciest deal,
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Mirvac eyes stakes in two east coast offices
Mirvac is in advanced negotiations to buy half-stakes in two Premium grade east coast CBD office towers. The interests in
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Telstra banks $22m from prominent inner-city exchange
Telstra has sold the 1260 square metre balance of a prominent outgoing exchange. The telco banked $22 million from developer,
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April Group, MaxCap pay $117m for medical centre
April Group and MaxCap have confirmed their $117 million acquisition of a prominent medical centre beside Royal Prince Alfred Hospital
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Occupiers trade $23.5m office/warehouse
New York listed direct-selling health and wellness company USANA has sold its long-time Sydney headquarters. Another owner-occupier – relocating from
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BlueScope banks $76m for housing site
EXCLUSIVE Steelmaker BlueScope has struck another surplus land deal – selling a major residential development site. The 31 hectare parcel
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Investa, BGO acquire Dexus offices for $715m
Dexus has sold a three-office portfolio to Investa and Canadian fund manager BGO for $715 million. The deal, mooted by
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GIC buys controlling stake in five malls
Singapore sovereign wealth fund GIC has bought a 90 per cent stake in five neighbourhood shopping centres. The $225 million
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Stake in CBD Westfield office fetches $226m
Hong Kong-listed Link REIT has divested a stake in its maiden Australian asset – bought months before the COVID lockdown.
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DoorDash chooses revamped office for HQ
Mirvac, on behalf of China Investment Corporation, and M&G Real Estate, have filled just over 10,000 square metres of a
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Ex-Siemens office bought for Chinese car dealership
A Lower North Shore office for years owned and occupied by Siemens has sold to a Chinese EV dealer. The
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NRL circles $100m Sydney hotel
The National Rugby League is understood to be weighing another significant property acquisition. The code is undertaking due diligence on
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Revelop snares west Sydney Woolworths, 7-Eleven
EXCLUSIVE Revelop has bought a shopping centre nine kilometres west of its Parramatta headquarters following an off-market deal. Prospect Central,
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Grace Bros store turned hotel changes hands
A hotel built into a c1937 Grace Bros store opposite Broadway Shopping Centre in Sydney’s inner west has sold. A
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IFM, UniSuper win approval for $3.9b business park
IFM Investors and UniSuper have been given the green light to build an industrial estate opposite the entrance to the
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Apartment site finds new life in data centre boom
ASX-listed Macquarie Technology Group has agreed to pay $240 million for a Sydney data centre campus site. The deal for
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ESR secures padel club to Sydney warehouse
One of the world’s fastest-growing sports has driven an unlikely Sydney industrial lease. Place of Padel has committed to the
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M&G pays $440m for stake in two logistics estates
M&G Real Estate bought a 49.9 per cent stake in two east coast logistics estates from Stockland. The London based
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Sam Arnaout banks $500m for NSW hotel portfolio
MA Financial-backed Redcape Hospitality has struck Australia’s largest freehold going-concern hotel deal, acquiring a portfolio of nine New South Wales
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Centennial snaps up outer Sydney industrial sites
Centennial, with Pirrama Capital Partners, has snapped up an industrial site beside the St Marys Intermodal Terminal, on Lee Holm
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Amazon chooses site for 200,000 sqm distribution centre
Amazon has secured a strategic Sydney site to build one of the country’s biggest robotics-enabled fulfilment centres. The US-based online
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Morgan Stanley makes maiden Australian retail play
Morgan Stanley on behalf of its Real Estate Investing arm, has made its maiden Australian retail investment, taking a stake
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Mirvac, Perron sell historic ex-Reader’s Digest HQ
Mirvac and the Perron Group have sold their jointly owned commercial building – the ex-Reader’s Digest HQ – off-market. The
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Assembly, PGIM buy another major shopping centre
The Lowy family backed Assembly Funds Management has teamed with PGIM Real Estate for another shopping centre, this time in
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Asset manager snares growth corridor homemaker centre
Centennial is paying a bullish price for a Sydney growth corridor bulky goods centre which last sold 20 months ago.
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Mitsubishi’s MEC grows industrial portfolio
Goodman has divested another major logistics asset, this time in Sydney. Mitsubishi Estate’s investment management arm MEC Global Partners Asia
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BYD expands in Melbourne, Sydney
Chinese car giant BYD has expanded again, committing to additional space at a Melbourne industrial estate (pictured, right) acquired late
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Kingsmede sells Sydney growth corridor site
Andrew Potter’s Kingsmede has sold a Sydney growth corridor housing estate site. The 3.05 hectare R2 Low Density Residential holding,
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Graya reaps major Byron Bay windfall
An off-market Byron Bay land flip has delivered Queensland developer Graya a substantial windfall, while expanding a Chemist Warehouse-linked family’s
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Coles sells small Sydney arcade
Coles has sold an Upper North Shore retail property after 20 years. The part vacant Turramurra Arcade at 1259 Pacific
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Soul Patts takeover triggers $2.65b industrial deal
Goodman Group and its largest property fund are spending about $2.65 billion to acquire interests in industrial property partnerships held
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Lake Macquarie mall sold after extension
A Lake Macquarie shopping centre has sold after being extended across the road. Wyee Village East and West collected a
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Department of Defence $3b portfolio sell-down begins
The first of 67 Department of Defence sites listed for sale last quarter – a public land portfolio worth over
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Freecity approved to build $330m village
Freecity Group has been permitted to develop an apartment based mixed-use project (artist’s impression, top), 43 kilometres north west of
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Agency buys landmark office for HQ
One of the country’s largest real estate agencies has bought the top two floors of Australia’s first Art Deco skyscraper
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GPT spends $1.2b on shopping centre stakes
GPT on behalf of the Wholesale Shopping Centre Fund, has agreed to acquire half stakes in two regional malls from
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Cromwell fund suffers hit on office sale
Cromwell Property Group has agreed to sell a Queanbeyan office for a loss on what it paid in 2019. On
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Redcape picks up historic Sydney pub
MA Financial-backed Redcape Hospitality has acquired Woolloomooloo’s Frisco Hotel from Queensland-based Sun Group. The heritage-listed three level hotel set it
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Botany warehouses fetch $11.2m
An industrial investment neighbouring the enormous ex-Standard Knitting Mills factory, at Botany, has sold. The two warehouses, 36-38 Sir Joseph
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Operators trade Peakhurst Hotel
John Feros’ JDA Collective has sold the Peakhurst Hotel after 10 years and a renovation. The freehold going concern fetched
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IKEA sells waterfront warehouse
IKEA has banked an impressive capital gain selling its waterfront Rhodes warehouse, bought in the years following the Global Financial
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Australian Unity buys Casa Capace SDA portfolio
Australian Unity, for the Specialist Disability Accommodation Fund, has bought the Casa Capace specialist disability accommodation portfolio lifting assets under
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South Bondi Hotel sold again
Two ex-Public Hospitality pubs have sold out of receivership for a combined c$80 million. Clime Asset Management and Singapore-based Vantage
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Government sheds North Sydney mixed-use site
IGLU – backed by Macquarie Capital and Singapore sovereign wealth fund GIC – has dug deep for a Lower North
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Investa eyes pair of Dexus offices
Investa is understood to be in negotiations for a pair of east coast offices – a c$700 million outlay. The
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