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New South Wales

New South Wales News 

John Symond buys Double Bay office

March 18, 2021March 18, 2021 Marc Pallisco

Businessman John Symond has spent $21 million on Double Bay office Piccadilly Court. The four level structure occupies a 462

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New South Wales News 

Newcastle showroom collects $7.3m

March 16, 2021March 17, 2021 Marc Pallisco

A Newcastle West showroom offered by Fantastic Furniture with a leaseback has sold for $7.3 million. The deal reflects a

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New South Wales News 

Melbourne developer buys $60m Sydney harbourfront site

March 12, 2021March 12, 2021 Marc Pallisco

High end Melbourne residential developer PB & Co has swooped on a 4240 square metre harbourfront site on Sydney’s Lower

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New South Wales News 

BOQ, Virgin Money Australia, move in at Sydney

March 11, 2021March 12, 2021 Marc Pallisco

Bank of Queensland will relocate Sydney headquarters to 255 George Street, where it has also committed to naming rights. The

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New South Wales News Queensland 

Centuria spends $57.3m on medical centres

March 10, 2021March 10, 2021 Marc Pallisco

Centuria has spent $57.3 million on three private medical centres. The assets will be held by the eight month old

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New South Wales News Queensland Victoria 

Dexus buys four east coast industrial assets

March 8, 2021March 9, 2021 Marc Pallisco

Dexus has spent a speculated c$155 million-plus on four east coast industrial assets. In the biggest deal, it is paying

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New South Wales News 

Invesco sells Forestway after failed planning bid

March 5, 2021March 5, 2021 Marc Pallisco

Invesco has sold Sydney’s Forestway Shopping Centre – its first Australian retail investment – for c$100 million after a failed

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New South Wales News 

EG spends $66.1m on Sydney offices

March 1, 2021March 2, 2021 Marc Pallisco

EG has picked up neighbouring Sydney Olympic Park offices for a new fund held with Singapore’s GIC. The $66.1 million

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New South Wales News 

Moelis rents top floors at premium Sydney office

March 5, 2021March 5, 2021 Marc Pallisco

Moelis Australia has committed to the top three storeys of a premium grade office nearing completion in Sydney. The ASX

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New South Wales News 

Eden club to become Radisson

February 28, 2021February 28, 2021 Marc Pallisco

CAD Group has purchased the Eden Fishermen’s Recreation Club with plans for a luxury hotel, serviced apartment and residential project.

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New South Wales News 

LOGOS, Qube strike $1.67b Moorebank deal

February 25, 2021July 5, 2021 Marc Pallisco

LOGOS Property Group will pay Qube Holdings $1.67 billion for Moorebank Logistics Park, in Sydney’s west. The deal buys the

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New South Wales News 

ESR banks $32m in west Sydney

February 24, 2021February 24, 2021 Marc Pallisco

ESR Australia has sold an office/warehouse in Sydney’s west. The Fairfield East property, 44-46 Mandarin Street, is trading to a

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New South Wales News 

Centuria spends $26.25m on ex-Bunnings

February 23, 2021February 23, 2021 Marc Pallisco

Centuria Industrial REIT (CIP) is the latest group to pick up an ex-Bunnings outlet. The manager is spending $26.25 million

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N.T. New South Wales News Queensland 

SCA spends $90.1m on shopping centres, land

February 22, 2021February 22, 2021 Marc Pallisco

SCA Property Group has purchased two shopping centres, a development site and petrol station. In the biggest deal it is

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New South Wales News 

EG buys 4.8ha Vineyard investment

February 22, 2021February 22, 2021 Marc Pallisco

EG has purchased a west Sydney industrial investment for a trust it launched last week and closed oversubscribed in 72

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New South Wales News 

Ged Dore buys South Coast pub to renovate

February 21, 2021February 24, 2021 Marc Pallisco

A consortium including Ged Dore is paying $6 million for Berry’s Great Southern Hotel. Vendor, the Coombs family, spent $2.7m

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New South Wales News Queensland 

Event sells office, resort as part of $250m divestment plan

February 18, 2021February 19, 2021 Marc Pallisco

Event Hospitality & Entertainment has sold a Sydney office and Cairns resort as part of plans to divest $250 million

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New South Wales News 

Iris buys another Manly hotel

February 18, 2021February 18, 2021 Marc Pallisco

Iris Capital is paying a speculated $57 million for The Ivanhoe Hotel in Manly. The deal comes two months since

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New South Wales News 

Cook Property sells Parramatta shopping centre

February 18, 2021July 25, 2024 Marc Pallisco

Entrada Shopping Centre, a kilometre north of central Parramatta, has sold for $41.435 million. The vendor, New Zealand’s Cook Property

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New South Wales News 

Pro-Invest pays $132m for Sydney hotel

February 17, 2021February 18, 2021 Marc Pallisco

Pro-Invest Group has picked up a five star Sydney hotel after a $140 million deal to Qatar Airlines fell through.

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New South Wales News 

Laundy, Short buy Lennox Head hotel

February 15, 2021February 15, 2021 Marc Pallisco

Laundy Hotels and Fraser Short are paying $40 million for The Lennox Hotel at Lennox Head, north of Ballina. The

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New South Wales News 

Sydney developer buys Byron Bay backpackers

February 22, 2021February 22, 2021 Marc Pallisco

Podia has snapped up a development site in Bryon Bay’s main retail strip with plans for a mixed-use project. The

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New South Wales News 

Hockingstuart to open outside Victoria

February 11, 2021February 11, 2021 Marc Pallisco

Hockingstuart will open its first agency outside of Victoria – at Nowra. The move comes two years after the broker

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New South Wales News 

Mirvac fills Snack Brands warehouse

February 11, 2021February 11, 2021 Marc Pallisco

Mirvac has filled the Smithfield warehouse vacated last month by Snack Brands Australia. Tyres 4 U has committed to 39

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New South Wales News 

HomeCo sells Bathurst investment

February 8, 2021February 9, 2021 Marc Pallisco

HomeCo REIT is understood to have sold a Bathurst bulky goods retail investment for $16.95 million. The value is $50,000

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New South Wales News 

JDA buys out Sydney hotel

February 9, 2021February 10, 2021 Marc Pallisco

The General Gordon Hotel, which is nearly rebuilt after being part destroyed by fire in 2018, has traded between owners.

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New South Wales News 

DHL commits to $83m west Sydney warehouse

February 3, 2021February 3, 2021 Marc Pallisco

ESR Australia has committed DHL Supply Chain to a temperature-controlled distribution centre for pharmaceutical products. The 36,000 square metre facility

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New South Wales News 

Neil Perry chooses Sydney’s east for new venture

February 3, 2021February 3, 2021 Marc Pallisco

Six months since retiring from Rockpool Dining Group, Neil Perry will resurface, in Sydney’s Double Bay. The restaurateur has signed

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New South Wales News 

Goodman sells new Macquarie Park office

February 1, 2021February 1, 2021 Marc Pallisco

Goodman Group has sold a Macquarie Park office which reached practical completion late last year. The $144 million deal for

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New South Wales News 

Stockland proposes North Sydney’s tallest office

January 28, 2021February 3, 2021 Marc Pallisco

Stockland has applied to build a 53-level office – North Sydney’s tallest – on three Walker Street sites. The proposal

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New South Wales News 

Government approves $1b-plus west Sydney industrial park

January 26, 2021January 27, 2021 Marc Pallisco

NSW planning and public spaces minister Rob Stokes has approved the first stage of a $1 billion-plus Orchard Hills industrial

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New South Wales News 

Fife Capital buys Midtown Sydney buildings from publican

January 26, 2021January 27, 2021 Marc Pallisco

Publican Kim Maloney has sold two Sydney CBD offices to asset manager Fife Capital. The deal, speculated to be worth

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New South Wales News 

Ropes Crossing shopping centre sold to Singapore group

January 26, 2021January 27, 2021 Marc Pallisco

Three months after winning permission to construct six storey apartment buildings at shopping centre Ropes Crossing Village – Ganellen has

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New South Wales News 

Gough Whitlam’s former Cabramatta home for sale

January 27, 2021February 15, 2021 Marc Pallisco

Postscript: A consortium comprising former NSW premier Barrie Unsworth, NSW Labor president Mark Lennon, Unions NSW secretary Mark Morey and

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New South Wales News 

ALH buys NSW tourist town hotel

January 24, 2021January 24, 2021 Marc Pallisco

Woolworths backed Australian Leisure & Hospitality Group has purchased Eden’s Great Southern Inn and neighbouring commercial investments. The c1857 building

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New South Wales News 

Landlord sells Newtown pub to tenant

January 22, 2021January 23, 2021 Marc Pallisco

Two years after renting Justin Small the Botany View Hotel at Newtown, Paddy Coughlan has sold him it. The deal

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New South Wales News 

Upper North Shore light shop with development upside collects $6.6m

January 25, 2021February 4, 2021 Marc Pallisco

A commercial investment with development upside in leafy Killara has collected $6.6 million. Recognised by its anchor tenant, Beacon Lighting,

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New South Wales News 

Laing+Simmons sold

January 22, 2021January 25, 2021 Marc Pallisco

Nine years after buying boutique New South Wales real estate agency Laing+Simmons, Dexar Group has sold it to a partnership

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New South Wales News 

Investa, Manulife spend c$800m on Sydney CBD office

January 21, 2021January 22, 2021 Marc Pallisco

Macquarie Group Limited has sold an undeveloped Sydney office to a 50:50 venture comprising Investa Commercial Property Fund and Manulife.

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New South Wales News 

Five Guys announces first Australian store

January 24, 2021January 24, 2021 Marc Pallisco

Five Guys has chosen Penrith for it first Australian restaurant. The US hamburger chain, which held Shaquille O’Neal as franchisee,

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New South Wales News 

Central Tablelands 7-Eleven, Zambrero earns $10m for developer

January 22, 2021January 22, 2021 Marc Pallisco

Isaac Property has sold a Lithgow service station and neighbouring church converted restaurant – both leased to national retailers –

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New South Wales News 

W Property snaps up Old Fitzroy Hotel

January 20, 2021January 21, 2021 Marc Pallisco

The Pasfield family has sold Woolloomooloo’s Old Fitzroy Hotel after 20 years. The purchaser is W Property, directed by Michael

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New South Wales News 

Corrs Chambers Westgarth commits to Sydney CBD office

January 20, 2021January 20, 2021 Marc Pallisco

Corrs Chambers Westgarth has signed a 15 year rental agreement for nearly 10,000 square metres at Quay Quarter Tower, under

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New South Wales News 

Redcape buys Emu Plains hotel

January 19, 2021January 20, 2021 Marc Pallisco

ASX listed Redcape Hotel Group has purchased another western Sydney venue, this time at Emu Plains. The O’Donoghues Hotel at

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New South Wales News 

Hospitality stalwart sells Alexandria hotel

January 19, 2021January 19, 2021 Marc Pallisco

Adella Wright-Young has sold Alexandria’s Camelia Grove Hotel after 38 years. The three level venue was reported to have traded

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New South Wales News 

Surry Hills blocks collect $33m from developer

January 19, 2021January 19, 2021 Marc Pallisco

Two neighbouring low-rise Surry Hills commercial buildings, leased to amongst others, a backpackers and takeaway restaurants, have sold to a

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New South Wales News 

Neighbouring Wetherill Park warehouses trade for $8.75m

January 19, 2021January 19, 2021 Marc Pallisco

An occupier is paying $8.75 million-ex GST for neighbouring Wetherill Park warehouses. Spreading over 8300 square metres, 4 and 5

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New South Wales News 

Charity sells conference centre, retreat to private school for $12.4m

January 16, 2021January 16, 2021 Marc Pallisco

Wesley Mission has settled on the sale of an adventure retreat and conference centre an hour drive north of Sydney

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New South Wales News 

Hannas collects $11.8m from serviced Prestons parcel

January 15, 2021January 15, 2021 Marc Pallisco

Diversified investor Hannas Group has sold a Prestons industrial site for $11.81 million. At 195 Wonga Road, the 1.46 hectare

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New South Wales News 

Costco spends $30.5m for showroom to expand Auburn store

January 11, 2021January 14, 2021 Marc Pallisco

Costco is speculated to be paying $30.5m for a showroom next to its Auburn store, which will be extended. Its

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New South Wales News 

Engadine’s only pub sells to developer for $31.5m

January 11, 2021January 11, 2021 Marc Pallisco

The only pub in Engadine – in Sydney’s south west – has sold for $31.5 million, part permit-ready for an

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New South Wales News 

Aldi banks $21.1m from vacant Auburn store

January 4, 2021January 4, 2021 Marc Pallisco

Aldi has sold a retail complex it used to anchor in Sydney’s west Auburn. The ex-Coles on 3889 sqm at

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New South Wales News 

Surry Hills office leased to Afterpay sells for $12.3m

January 4, 2021January 4, 2021 Marc Pallisco

A Surry Hills office leased to Afterpay has sold for $12.3 million. Johnston’s Buildings at 252-256 Cleveland Street, on the

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New South Wales News 

Bondi Junction site trades for $9m between developers

December 30, 2020December 30, 2020 Marc Pallisco

A Bondi Junction site permit-ready for a five level apartment building until recently being marketed as the Metropolitan, has sold

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New South Wales News Queensland Victoria Western Australia 

Charter Hall collects $203.75m from 10 car dealerships

December 24, 2020January 3, 2021 Marc Pallisco

Charter Hall has sold 10 car dealerships, winding down two Direct Automotive funds approaching maturity. Nine are trading off-market to

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New South Wales News 

Peak Equities pays $21m for Beaconsfield childcare centre, office

December 24, 2020December 24, 2020 Marc Pallisco

Peak Equities is paying $21 million for a renovated office and childcare investment in Sydney’s inner-south Beaconsfield. Vendor Milligan Group

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New South Wales News 

Arthur Laundy spends c$35m on Bidwill Hotel

December 28, 2020December 28, 2020 Marc Pallisco

Laundy Hotels is paying a speculated $35 million for the Bidwill Hotel, in Sydney’s west. On a 4300 square metre

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New South Wales News 

Charter Hall pays $510m for Sydney CBD David Jones

December 22, 2020December 22, 2020 Marc Pallisco

Charter Hall is paying $510 million for Sydney’s David Jones store. Vendor, South Africa’s Woolworths Holdings Limited, confirmed the institution

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New South Wales News 

WSU realises $80m-plus from Caddens shopping centre, land

December 15, 2020December 16, 2020 Marc Pallisco

Western Sydney University has sold a new Caddens shopping centre and neighbouring tract to Holdmark Property Group for a speculated

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New South Wales News Queensland 

Stockland sells Baulkham Hills centre to Mintus for $141.25m

December 15, 2020December 16, 2020 Marc Pallisco

Stockland has exchanged a couple of major shopping centres. In Sydney, it sold Stockland Baulkham Hills to Mintus for $141.25

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New South Wales News 

Real IS pays record $97m for Surry Hills office

December 16, 2020December 16, 2020 Marc Pallisco

Real I.S. Group is paying $97 million – a Surry Hills record – for its 12th Australian commercial property. Surry

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New South Wales News Tasmania 

RAM spends $100m on three regional hospital investments

December 22, 2020January 11, 2021 Marc Pallisco

Real Asset Management is spending $100 million on three hospital investments for an essential services real estate trust mooted to

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New South Wales News 

Toyota wheels $187m deal for Caringbah factory

December 14, 2020December 14, 2020 Marc Pallisco

Toyota has sold its Woolooware Bay factory for $187 million. The car maker confirmed the deal in June; the purchaser,

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New South Wales News 

Canberra Raiders score $56m for Bunnings Seven Hills

December 12, 2020December 13, 2020 Marc Pallisco

HomeCo is paying $56 million to a trust set up by Canberra Raiders’ parent for Bunnings Seven Hills. The 2.23

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New South Wales News 

Ascendas pays AMP $288.9m for Macquarie Park campus office complex

December 13, 2020December 14, 2020 Marc Pallisco

Ascendas Real Estate Investment Trust (Ascendas Reit) is spending $288.9 million on another Macquarie Park commercial investment. The campus complex

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New South Wales News 

EG outlays $48.75m for Rockdale Bunnings with redevelopment options

December 12, 2020December 13, 2020 Marc Pallisco

EG is spending $48.75 million on Rockdale’s Bunnings with plans for an industrial redevelopment if the occupier quits upon its

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New South Wales News 

Moelis matches $45m pub price record with tactical Kinselas Hotel deal

December 9, 2020December 10, 2020 Marc Pallisco

Moelis Australia Hotel Management (MAHM) is paying $45 million for Darlinghurst’s Kinselas Hotel – adjoining the Courthouse Hotel which cost

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N.T. New South Wales News Queensland 

Charter Hall spends $319.4m for Long WALE REIT

December 9, 2020December 9, 2020 Marc Pallisco

Charter Hall has spent $309.6 million on two east coast investments for its Long WALE REIT (CLW). The trust will

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New South Wales News 

Iris Capital sets record with $45m Narwee Hotel buy

December 7, 2020December 7, 2020 Marc Pallisco

Iris Capital is paying $45 million for south west Sydney’s Narwee Hotel – a deal which could end the year

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New South Wales News Queensland Victoria Western Australia 

GIC paying Mirvac, NRMA c$600m for 11 Travelodge hotels, brand

December 7, 2020December 7, 2020 Marc Pallisco

Singaporean sovereign wealth fund GIC, advised by Salter Brothers, is paying more than $600 million for 11 Travelodge inns including

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New South Wales News 

Charter Hall sells North Sydney office for $212m

December 7, 2020December 7, 2020 Marc Pallisco

Charter Hall has sold a North Sydney office after a direct offer from local fund manager Intera Group. The $212

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New South Wales News Queensland Victoria 

HomeCo spends $163m on seven assets – six to seed HealthCo REIT

December 4, 2020December 4, 2020 Marc Pallisco

Home Consortium is spending $163 million on seven east coast investments. Six, worth $131m, are essential services backed and will

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New South Wales News 

Gladesville bottle shop sells for $10.8m

December 10, 2020December 10, 2020 Marc Pallisco

The Gladesville Dan Murphy’s – marketed as an essential services backed retail investment – sold for $10.8 million on Tuesday

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New South Wales News 

Linfox leases 55,000 sqm at Stockland’s Forrester Distribution Centre

December 2, 2020December 3, 2020 Marc Pallisco

Asia Pacific’s largest privately owned logistics company, Linfox, has signed a landmark lease at Stockland’s Forrester Distribution Centre in Sydney’s

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New South Wales News 

GPT sells Lendlease quarter of 1 Farrer Place for $584.6m

December 2, 2020December 2, 2020 Marc Pallisco

The GPT Group has sold its quarter interest in a multi-building Sydney CBD office investment to a co-owner, the Lendlease

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New South Wales News 

Curtis, Gonski, Mordant sell Alexandria Bunnings for $70m

December 1, 2020February 8, 2021 Marc Pallisco

Charter Hall is paying $70 million for an outgoing Bunnings outlet on 1.9 hectares near Sydney Airport with plans to

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New South Wales News 

Goodtime sells East Village Hotel after nine months, different marketing strategy

November 30, 2020November 30, 2020 Marc Pallisco

Goodtime Hospitality has sold Darlinghurst’s East Village Hotel – built in 1918 as the Tradesman’s Arms. The leasehold and freehold

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New South Wales News 

St Vincent’s Hospital buys Darlinghurst’s Green Park Hotel

November 30, 2020March 19, 2026 Marc Pallisco

A 127 year old Darlinghust pub will be converted into a mental health-based community service facility after being purchased by

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New South Wales News 

Good Beer Co sells Paddington’s Four in Hand for $8.25m

November 27, 2020November 27, 2020 Marc Pallisco

John Azar’s The Good Beer Co has sold its second east Sydney hotel in a week. The Four in Hand

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A.C.T. New South Wales News Queensland Victoria 

Iris Capital pays AccorInvest c$180m for distressed iProsperity portfolio

November 26, 2020November 26, 2020 Marc Pallisco

Sydney publican Sam Arnaout is paying AccorInvest c$180 million for 17 Ibis hotels. Twelve are in the purchaser’s home state

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