Roblan Holdings has sold its distribution centre in Sydney’s inner west Leichhardt for more than $15.5 million ahead of relocating to a purpose-built Ingleburn facility, 40 kilometres further away from the city. The outgoing complex, 213-233 Catherine Street and 50 Moore Street, is trading to a private syndicate which adds value to Australian east coast

A fast food investment in Sydney’s Dulwich Hill sold on a low 3.17 per cent yield following an auction integrating private online bidding. Cushman & Wakefield marketing agent Yosh Mendis said the virtual public sale of 498-500 New Canterbury Road “confirmed that investors have been quick to embrace new technologies and adapt to realities of

Stockland is paying Celestino Property Development, which is owned by poultry entrepreneurs the Baiada family, $415 million for the undeveloped 196 hectare portion of The Gables housing estate, in Sydney’s Box Hill. The master-planned community has since 2015 been replacing 293 hectares of dairy farm land, nearly 50 kilometres north west of the city. Upon

EXCLUSIVE In another Sydney hotel deal, Singapore’s Ascott Residence Trust is paying $46 million for Macquarie Park’s Quest serviced apartment complex. The six-storey 111 room inn at 71 Epping Road, developed by Goodman five years ago, is trading on a 5.5 per cent yield. Savills Australia managing director, Michael Simpson, brokered the off-market transaction on

Factory Fast has paid $7.95 million for a modernised office warehouse in Sydney’s west Smithfield. The online DIY and renovation product store will relocate from the city’s south. Its new facility, 15 Sturt Street, about 250 metres from the Cumberland Highway, includes a 3306 square metre building with a dedicated office. The warehouse component has

The Thai family which owns food import business Sino-Pacific Trading has made its first foray into Australia’s hotel market paying $108 million for Sydney’s Vibe Darling Harbour. Icon Oceania only completed construction of the 145-key hotel last October. The developer listed the WMK-designed asset, 319-325 Sussex Street, Sydney, two months earlier. At the time it

An industrial investment in Sydney’s north west Seven Hills has sold to an owner occupier for $7.015 million – a price which sets a precinct record building rate, according to the marketing agents. The modern 2283 sqm facility at 5 Tollis Place was contested by a mix of investors, as well as other potential occupiers,

Designer and reality TV personality Alex Perry will close his fashion brand’s only Australian store next month. Mr Perry blamed a lack of foot traffic coupled with his booming online trade for calling time at Sydney’s The Strand Arcade – but isn’t ruling out opening an eponymous outlet again. Alex Perry stock retails at more

Value Retail Group is selling the headquarters of its Best & Less discount fashion chain. In Leichhardt, five kilometres west of the Sydney CBD, the offering includes a four-level commercial building joined to warehouses. The asset is expected to sell for more than $25 million, according to this Daily Telegraph item. VRG is targeting investors

Melbourne developer Fridcorp has snapped up the 50 per cent interest it didn’t control in a $700 million mixed use project in Sydney’s south, from Wingate. Beyond at 93 Forest Road, Hurstville, spreads a 1.4 hectare site and is set to include four residential towers, ranging in height from eight to 20 storeys, a Woolworths

Mirvac is acquiring as a development play the 2.9 hectare Willoughby site occupied by Nine Entertainment Limited. The holding was offered last April by Lotus Property Fund and Hong Kong based Euro Properties, shortly after approval was granted for a residential redevelopment with 460 dwellings (artist’s impression, top). At the time, the 24 Artarmon Road

ISPT has sold a neighbourhood retail investment in Sydney’s south west for $26.5 million. The Greenacre Shopping Centre, which the vendor described as non core, is trading on a 5.8 per cent passing yield. The buyer is Sydney-based Harrington Property Group. About 17 kilometres from the city at 13-19 Boronia Road, Greenacre, the modern 4733

Coles Group Property Developments has sold another supermarket with a leaseback, this time in Sydney’s West Ryde CBD. A Victorian private investor is paying $23.85 million for the stratum-titled Coles West Ryde complex. Based on the asset’s annual rental return ($1.395 million), the deal is being struck on a 5.85 per cent passing yield. Coles

An owner occupier is paying nearly $7 million for a vacant three-storey office warehouse in Sydney’s inner south Alexandria. The 1120 square metre complex on an 872 square metre block at 160 Botany Road received 16 offers, according to CBRE marketing agents Matthew Fenn, Nicholas Heaton and Nathan Egan. More than 350 enquiries were received,