Dick Smith sells underutilised Sydney office
Businessman and philanthropist Dick Smith, via his eponymous investment house, has sold a Mascot office with significant development upside. The
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New South Wales
M&G banks $107m from Sydney warehouses
M&G Real Estate has quietly sold a major west Sydney industrial investment for $107 million – more than twice what
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Irongate seeds fund with Sydney business park
Irongate has picked up a land rich business park west of Sydney to seed a fund backed by Johannesburg listed
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Short family sells South West Rocks pub
Paul Hunter has added to his book of regional pubs, snapping up South West Rocks’ Seabreeze Hotel from the Short
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Redcape divests three more pubs
MA Financial managed Redcape has sold three more hotels, realising a total of over $86 million. In the priciest deal,
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Syndicate snares farm abutting Western Sydney International
A gateway industrial development site at the south west tip of the Western Sydney International Airport, which is under construction,
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Bob Ell banks major windfall from Sydney business park
Bob Ell has sold a North Rocks business park after two and a half years. The 4.68 hectare property at
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Luxury fashion house fills Sydney office
Brookfield Properties and the Investa Gateway Offices fund have filled Sydney’s 28 storey 388 George Street following four office lease
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Hong Kong family spends $109m on Sydney hotels
CapitaLand Ascott Trust has sold hotels in Sydney’s North Ryde and Parramatta. The $109 million deal to the Hong Kong
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Southern Highlands Aldi fetches $12.35m
A five year old Aldi in central Moss Vale sold between private investors last week. The $12.35 million result for
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NZ fund manager sells down Bondi Beach arcade for a premium
Ben Cook is the latest investor to profit from selling down an inner-city retail investment. The New Zealander’s Cook Property
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Wetherill Park warehouse value multiplies in nine years
A land-rich Wetherhill Park industrial investment with development upside has sold between locals for $25 million. The result for 23
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GIC takes major hit on Sydney mall stake
Vicinity Centres has bought back the 49 per cent interest it sold six years ago in Sydney’s Chatswood Chase, with
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Nutella maker shelves Australian hazelnut farm, lists site
Ferrero Group has listed adjoining Riverina farms five years after planting some million hazelnut trees – worth $70m – over
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Cinema owner, developers buy InterContinental Double Bay
A consortium comprising United Cinemas chief executive officer Sam Mustaca, Allen Linz, director of Rebel Property Group and Capit.el Group’s
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Melbourne’s GPO for sale as part of $600m portfolio
ISPT has listed Melbourne’s GPO as part of a portfolio also with the neighbouring The Strand, a regional Western Australian
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Ex-Bunnings sells for record price
The former Bunnings Wollongong has sold to Sydney outfit Level 33 for $40 million – a record high for a
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Dore sells Stanmore’s Salisbury
Ged Dore and his wife Trish Larkin have sold Stanmore’s Salisbury Hotel after nearly a decade. The pair are banking
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Lendlease divests Port Macquarie’s biggest mall
Lendlease has offloaded another asset in its open-ended unlisted convenience retail based Sub-Regional Retail Fund. Settlement City, Greater Port Macquarie’s
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Harry Triguboff snares site from receiver
Harry Triguboff has bought a permit-ready apartment development site at Castle Hill, west of Sydney. The nonagenarian, via his Meriton
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Woolworths meets market with leaseback sale
Woolworths’ development arm Fabcot has sold a three year old neighbourhood shopping centre at Bomaderry, on the New South Wales
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Landcom sells south west Sydney site to developer
Landcom has sold a major Jannali site zoned C2 – limiting development outcomes to recreation and tourism – for a
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Virtical snares Darlinghurst pubs for a discount
MA Financial has made a loss divesting adjoining Darlinghurst pubs bought in late 2020 – ahead of what was a
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Collette Dinnigan lists luxury beach house
Designer Collette Dinnigan and her husband, prestige real estate agent, Bradley Cocks, have listed the luxury beachfront Rosedale home rebuilt
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Investa, Oxford apply to repurpose modernist office
Investa and Oxford Properties Group are seeking permission to repurpose North Sydney’s c1957 MLC building as a build to rent
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ESR buys into Badgerys Creek
ESR Australia has forged into the burgeoning Badgerys Creek industrial market, snaring a 17 hectare site for $70 million. On
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Lendlease makes tactical industrial play
Lendlease has snared a 3.2 hectare industrial investment to expand the Smithfield Exchange business park it bought five years ago
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Receivers list last Melissa Caddick property
Receivers representing investors speculated to have lost $23 million in Melissa Caddick’s six year Ponzi scheme – have listed the
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AEW divests North Sydney office
AEW Capital has sold a North Sydney office after five years and a renovation. The 14 storey, 6964 square metre
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NRL buys another hotel
Fourteen months after buying Brisbane’s Gambaro Hotel, the Australian Rugby League Commission has secured a Quest hotel, under construction in Sydney’s
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