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,

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

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

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

Eastwood’s former Denistone East Uniting Church – which made headlines in 2010 by being one of the first parishes of its type to hold services spoken only in Korean – has sold for $2.7 million. Uniting Church Trust Australia offered the 1434 square metre block at 17 Acacia Street because it couldn’t be expanded to

Hong Kong based Link REIT has made its first property investment outside of Asia, outlaying $683 million for an office at 100 Market Street in the Sydney CBD. The deal with US-based private equity giant Blackstone is being struck on a low 3.9 per cent passing yield. Blackstone picked up the asset last June as