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New South Wales

New South Wales News 

Justin Hemmes pays Good Beer Co c$32m for Randwick’s Duke of Gloucester

November 25, 2020November 27, 2020 Marc Pallisco

The Good Beer Co has sold Randwick’s Duke of Gloucester Hotel to Justin Hemmes’ Merivale Group for about $32 million

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New South Wales News 

PBA pockets $54m from under-utilised North Sydney office

November 25, 2020December 7, 2020 Marc Pallisco

Property Bank Australia (PBA) has sold an under-rented office with development upside in North Sydney for $54 million to Western

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New South Wales News 

Moelis picks up Darlinghurst’s Courthouse Hotel for $22m

November 20, 2020December 10, 2020 Marc Pallisco

Moelis Australia Hotel Management has paid $22 million for Darlinghurst’s historic Courthouse Hotel which it will upclass, operate and manage.

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New South Wales News Queensland Victoria 

ESR buys 11 Propertylink investments for $302.5m

November 20, 2020November 23, 2020 Marc Pallisco

ESR Australia is buying out one of its managed funds – the Propertylink Australian Industrial Partnership II (PAIP II) –

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New South Wales News 

Redcape outlays $38m for Dulwich Hill portfolio including Gladstone Hotel

November 19, 2020November 19, 2020 Marc Pallisco

Gladstone Hotel and neighbouring Local Liquor Superstore, with adjacent bottle shop Little Bottler – three separate Dulwich Hill holdings and

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New South Wales News 

SCA pays Elanor $129.5m for Auburn Central

November 19, 2020November 20, 2020 Marc Pallisco

Elanor Investors Group (ENN) has sold a west Sydney shopping complex to SCA Property Group for $129.5 million after a

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New South Wales News 

Dexus sells Grosvenor Place half-stake to co-owner

November 18, 2020February 1, 2021 Marc Pallisco

Chinese Investment Corporation is paying $925 million for a half share of Sydney’s Harry Seidler designed Grosvenor Place, adjacent to

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New South Wales News Queensland South Australia Victoria 

LWHP pays $353m for six Bunnings investments

November 17, 2020November 20, 2020 Marc Pallisco

Charter Hall managed Long WALE Hardware Partnership (LWHP) – which includes Telstra Super and VFMC as partners – has paid

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New South Wales News Queensland Victoria 

Centuria spends $171.1m on cold storage portfolio

November 17, 2020November 18, 2020 Marc Pallisco

Centuria Industrial REIT (CIP) has spent $171.1 million on three Australian east coast cold storage investments. The deal is being

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New South Wales News 

Wee Hur pays bp $46.1m for third Redfern student accommodation site

November 11, 2020November 11, 2020 Marc Pallisco

Singapore based Wee Hur Holdings has acquired a service station in Sydney’s inner south Redfern from bp with plans for

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New South Wales News 

Apartments approved for Elizabeth Bay’s ex-NSW CWA HQ

November 9, 2020November 11, 2020 Marc Pallisco

Top Spring Australia has won permission to construct a luxury six level apartment complex on the former NSW Country Women’s

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New South Wales News 

Qatar Airways spending c$140m on Sydney’s Primus Hotel

November 6, 2020February 18, 2021 Marc Pallisco

Postscript: this deal didn’t proceed. It later sold for $132m. Read that story here. Qatar Airways is reportedly in negotiations

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New South Wales News Tasmania Victoria 

New Centuria fund settles on three short stay healthcare investments worth $115m

November 6, 2020November 6, 2020 Marc Pallisco

Centuria Healthcare has spent $115 million on three short-stay medical centres anchored to Nexus Hospitals for its newly launched Centuria

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New South Wales News South Australia 

Harmony outlays $54.6m on assets in Adelaide, Marsden Park

November 4, 2020November 4, 2020 Marc Pallisco

MRS managed Harmony Property Group has acquired a Sydney industrial investment and settled on an office in Adelaide, its home

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New South Wales News 

Williams-Sonoma leases Horsley Park warehouse from Frasers

November 4, 2020November 6, 2020 Marc Pallisco

San Francisco based kitchenware and home furnishings retailer Williams-Sonoma has leased a c17,400 square metre distribution centre west of Sydney.

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New South Wales News 

Huge Linkage pays Dexus $273m for North Sydney office

November 4, 2020November 4, 2020 Marc Pallisco

Hong Kong investor Huge Linkage has spent $273 million on a North Sydney office. The deal with Dexus for 60

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New South Wales News 

Church seeks development partner at Naremburn

November 2, 2020November 2, 2020 Marc Pallisco

The Catholic Diocese of Broken Bay and Lower North Shore Parish is seeking a development partner to replace ex-school buildings

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New South Wales News 

Milperra warehouse sells for $22.5m

October 29, 2020October 29, 2020 Marc Pallisco

A local paid $22.51 million for a half-vacant Milperra industrial investment – then leased the balance before settlement. The sale

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New South Wales News 

Stockland buys Leppington site for $145m logistics estate

October 20, 2020October 20, 2020 Marc Pallisco

Stockland is buying a major industrial development site in Leppington, near the Western Sydney International Airport, construction of which recently

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New South Wales News 

AsheMorgan, TOGA to extend Oxford St shops with hotel, office

October 20, 2020October 20, 2020 Marc Pallisco

After striking a 99 year lease with City of Sydney for three historic Darlinghurst buildings on blocks covering 40 per

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New South Wales News 

Badgerys Creek poultry farm sells for $14.5m

October 20, 2020October 20, 2020 Marc Pallisco

A Badgerys Creek poultry farm has sold for $14.5 million – or $366 per square metre, breaking a two year

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New South Wales News Victoria Western Australia 

Peakstone awards 100,000 sqm Australian office management contract

October 15, 2020October 15, 2020 Marc Pallisco

Singapore’s Peakstone has awarded a major commercial management contract to CBRE. The agreement covers 100,000 square metres across six buildings

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New South Wales News 

EG buys permit-ready Redfern site for infrastructure fund

October 15, 2020October 15, 2020 Marc Pallisco

EG Group has purchased a permit-ready site in Sydney’s inner-city Redfern for its Yield Plus Infrastructure 2 fund (YPI2). The

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New South Wales News 

Lendlease secures tenant for temperature controlled Glendenning factory

October 13, 2020October 15, 2020 Marc Pallisco

A local logistics services provider has signed a 10 year rental agreement for a temperature controlled Glendenning warehouse owned by

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New South Wales News 

CSR sells 8.6ha slice of Horsley Park plant

October 13, 2020July 29, 2021 Marc Pallisco

CSR Limited has sold another piece of its soon-to-close PGH Bricks plant in Horsley Park – for $84.3 million. The

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New South Wales News 

Lewis Land banks $13.5m from 54 Sovereign Hills house lots

October 13, 2020October 15, 2020 Marc Pallisco

Lewis Land Group, Australia’s oldest private property developer, banked $13.5 million in less than 24 hours selling 54 housing lots

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New South Wales News 

Risland sells strata titled North Ryde childcare centre for $4.7m

October 11, 2020October 15, 2020 Marc Pallisco

A local is paying $4.65 million for a childcare centre investment on the ground floor of Risland’s new Ryde Garden

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New South Wales News 

Investor pays $6m for Port Macquarie’s Vacation Village

October 11, 2020October 15, 2020 Marc Pallisco

Port Macquarie resort Vacation Village has sold for $6 million. The vacant property at 50 Settlement Point Road, about 2.5

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New South Wales News 

Primewest DIT4 spends $15.1m on Tamworth Lifestyle Centre

October 9, 2020October 15, 2020 Marc Pallisco

Primewest is paying $15.1 million for the Tamworth Lifestyle Centre, the fourth asset for its Diversified Income Trust 4 (PDIT4).

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New South Wales News 

Another Ray White director buys property to occupy

October 9, 2020February 11, 2021 Marc Pallisco

For the second time in two months, the manager of a Sydney Ray White agency has purchased a commercial site

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New South Wales News 

Harvest pays Attwood family $9.6m for Albury’s Brady’s Railway Hotel

October 8, 2020May 20, 2021 Marc Pallisco

An unlisted Sydney fund has paid $9.6 million for the Brady Railway Hotel at the NSW/Vic border town of Albury.

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New South Wales News 

Mainfreight leases Erskine Park warehouse from Charter Hall

September 30, 2020September 30, 2020 Marc Pallisco

Mainfreight Distribution has leased another Sydney warehouse owned by Charter Hall – this time in Erskine Park. The logistics group

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A.C.T. New South Wales News 

Elanor pays Vicinity wholesale fund $60m for Queanbeyan shopping centre

September 29, 2020September 30, 2020 Marc Pallisco

Elanor Investors Group today confirmed it acquired Queanbeyan’s Riverside Plaza for $60 million – describing the price as below replacement

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New South Wales News 

Modular Building Systems leases new Ingleburn warehouse from Stockland

September 28, 2020September 28, 2020 Marc Pallisco

Modular Building Systems has rented an Ingleburn distribution centre recently completed by Stockland. Building 3B, 37-39 Stennett Rd, within Ingleburn

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New South Wales News 

Priceline parent pre-commits to 4.4ha Marsden Park distribution centre

September 24, 2020September 24, 2020 Marc Pallisco

Australian Pharmaceutical Industries – the parent of Priceline Pharmacy, Soul Pattinson Chemist and Pharmacist Advice – has pre-committed to a

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New South Wales News 

Western Sydney Parklands Trust offers Eastern Creek industrial site

September 23, 2020September 26, 2020 Marc Pallisco

Western Sydney Parklands Trust is seeking a development partner, or one to take a ground lease, for all or part

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New South Wales News 

Primewest secures Kelly+Partners to office, naming rights, at Brookvale

September 23, 2020September 23, 2020 Marc Pallisco

Primewest has secured Kelly+Partners to a 636 square metre, recently renovated ground floor office in Sydney’s north Brookvale. The chartered

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New South Wales News 

Owner occupier pays $5.4m for strategic Badgerys Creek site

September 23, 2020September 23, 2020 Marc Pallisco

An owner occupier paid $5.37 million at auction for a Badgerys Creek site set to be rezoned for major commercial

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New South Wales News 

Melbourne investor spends $6.7m on Sydney fast food freehold

September 28, 2020February 23, 2021 Marc Pallisco

A Melbourne investor has paid $6.65 million – reflecting a low 3.1 per cent yield – for a McDonalds leased

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New South Wales News 

Ascendas pays Frasers, Winten $167.2m for Macquarie Park office

September 21, 2020September 21, 2020 Marc Pallisco

Frasers Property Industrial and Winten Property Group are selling an unbuilt office at their proposed Macquarie Exchange business park to

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New South Wales News 

LF Logistics expands at Marsden Park before moving in

September 15, 2020September 15, 2020 Marc Pallisco

LF Logistics has expanded its tenancy at a business park being developed by LOGOS in Sydney’s north west Marsden Park.

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New South Wales News 

Keppel pays Goodman $306m for Pinnacle Office Park

September 15, 2020September 15, 2020 Marc Pallisco

Keppel REIT is paying $306 million for a modern and near fully occupied commercial investment in Sydney’s north west. Pinnacle

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New South Wales News 

Franciscan Order sells Uniting Care Campbelltown development site for $17m-plus

September 12, 2020September 14, 2020 Marc Pallisco

Uniting Care is paying the Franciscan Order of Friars Minor more than $17 million for a 6.6 hectare Campbelltown site

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New South Wales News 

Point Piper’s Edgewater sells for $95m

September 12, 2020September 13, 2020 Marc Pallisco

Australia’s second priciest house deal has taken place – in the same suburb as the first. Edgewater at 92 Wolseley

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New South Wales News 

Castlerock pays record c$57m for Wollongong office

September 13, 2020August 20, 2022 Marc Pallisco

Two years after selling a Wollongong office for a town record high, Castlerock has set a new watermark buying back

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New South Wales News Queensland Victoria 

Regional commercial real estate portfolio sold privately after auctions cancelled

September 11, 2020September 11, 2020 Marc Pallisco

Fifteen east coast commercial properties which were to have been offered at portfolio auctions that were cancelled this quarter because

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New South Wales News 

Marprop spends $35.3m on Newcastle offices

September 7, 2020September 7, 2020 Marc Pallisco

Marprop has paid $35.3 million for two neighbouring Newcastle offices – one with significant medium-term development upside. The deal with

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New South Wales News 

JQZ sells balance of Kogarah’s Darrell Lea factory for $15m

September 7, 2020September 7, 2020 Marc Pallisco

JQZ has sold a 1.1 hectare piece of Kogarah’s former Darrell Lea factory for $15 million to another builder. The

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New South Wales News 

Cromwell, BlackRock up proposed height of Chatswood commercial building

September 4, 2020September 4, 2020 Marc Pallisco

Cromwell Property Group and joint venture partner BlackRock Real Estate have more than doubled the height of a proposed mixed-use

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New South Wales News 

Freshwater rock climbing centre grabs $4.87m from investor

September 3, 2020September 3, 2020 Marc Pallisco

A local investor has paid $4.87 million for the prominent, strata-titled southern piece of the Freshwater Village shopping arcade. The

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New South Wales News 

Hub signs office lease deal with a twist at $2b Brookfield Place

September 3, 2020September 3, 2020 Marc Pallisco

Australian co-working giant Hub has leased two levels within Brookfield Properties’ Brookfield Place office tower, under construction at Wynyard station

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New South Wales News 

Ryde Toyota dealership and service centre collects $22.9m from EG

September 1, 2020September 1, 2020 Marc Pallisco

Servco has sold another Toyota car dealership with a leaseback – this time to EG, which will refurbish it. The

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New South Wales News 

PFD sells Penrith warehouse to Rise Projects

August 27, 2020August 27, 2020 Marc Pallisco

PFD Food Services has sold a vacant Penrith industrial facility to a developer which plans to build two warehouses on

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New South Wales News 

Bob Ell sells Ingleburn industrial investment for $38.2m

August 25, 2020August 26, 2020 Marc Pallisco

EG Australian Core Enhanced (ACE) Fund, has paid $38.2 million for an Ingleburn industrial investment with three structures. The vendor,

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New South Wales News Queensland 

LOGOS, TCorp pay Sigma $172m for two distribution centres

August 11, 2020August 12, 2020 Marc Pallisco

A joint venture between New South Wales’ Treasury Corporation (TCorp) and LOGOS – which is majority controlled by Singapore’s ARA

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New South Wales News 

Guildford warehouse collects $6.8m from investor

August 6, 2020August 6, 2020 Marc Pallisco

An investor has paid the owners of Class Windows and Kitchen Elements $6.8 million for a Guildford industrial facility. Seventeen

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New South Wales News Queensland Victoria Western Australia 

Nationwide Towing & Transport founders sell four industrial investments with a leaseback

August 3, 2020August 4, 2020 Marc Pallisco

The founders of Nationwide Towing & Transport have sold four industrial investments with a leaseback for a speculated total price

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New South Wales News 

BVN stacked tower design chosen for City Tatts Club

August 1, 2020August 1, 2020 Marc Pallisco

ICD Property has picked a BVN design for its c$270m redevelopment of the 125 year old City Tattersalls Club. A

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New South Wales News Victoria 

Dexus Australia Logistics Trust spends $269.4m on six assets

July 30, 2020August 3, 2020 Marc Pallisco

Dexus will sell Lake Business Park South, near Sydney Airport, and five premium quality industrial assets in Melbourne’s Truganina, to

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New South Wales News 

Stockland to buy old, build new Johnson and Johnson Medical HQ

July 29, 2020August 3, 2020 Marc Pallisco

Stockland has agreed to buy Johnson and Johnson Medical’s Macquarie Park headquarters and construct the vendor a replacement in the

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New South Wales News 

Ingenia spends $16m on Sunnylake Shores lifestyle community

July 27, 2020July 27, 2020 Marc Pallisco

Ingenia Communities has spent $16 million on a lakeside over-55s village on the NSW Central Coast. The 4.2 hectare Sunnylake

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New South Wales News 

Chipping Norton’s Gleeman Truck Parts site sells to developer for $7.75m

July 27, 2020July 27, 2020 Marc Pallisco

An industrial property on nearly a hectare in Sydney’s south west Chipping Norton has sold to a developer for $7.75

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New South Wales News 

Marley Spoon pre-commits to Charter Hall’s Wetherill Park Distribution Centre

July 23, 2020July 24, 2020 Marc Pallisco

Marley Spoon – which is part backed in Australia by Woolworths – has pre-committed to a 14,200 square metre space

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New South Wales News South Australia Victoria 

O-I Australia sells Charter Hall three warehouse investments for $214m

July 16, 2020July 25, 2020 Marc Pallisco

Owens-Illinois Australia has offloaded three warehouses with long leases to Charter Hall funds for a total of $214 million. The

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New South Wales News 

Charter Hall spends $207m on strategic Minto industrial site

July 15, 2020July 16, 2020 Marc Pallisco

Charter Hall Prime Investment Fund (CPIF) with a Charter Hall Group managed global institutional partnership has acquired a 30.6 hectare

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New South Wales News 

Miranda Kerr pays QT $7.5m for Hunter Valley vineyard Loggerheads

July 16, 2020July 16, 2020 Marc Pallisco

QT Hotels has offloaded the Loggerheads estate in the NSW Hunter Valley for $7.5 million – its full asking price

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New South Wales News 

Primewest buys Dubbo Toyota and Lexus dealership for $12.5m

July 9, 2020July 11, 2020 Marc Pallisco

EXCLUSIVE Primewest has bought a third investment for its Diversified Income Trust No 4 – this time in the New

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New South Wales News Victoria 

Dexus spends $173.5m on two premium east coast industrial investments

July 7, 2020July 16, 2020 Marc Pallisco

Dexus Australian Logistics Trust – in which Dexus holds a 51 per cent stake and GIC the balance – has

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New South Wales News 

Pelligra sells Yennora factory to Ascendas REIT for $23.5m

July 5, 2020July 8, 2020 Marc Pallisco

Singapore listed Ascendas REIT is paying $23.5 million on a funds-through basis for a distribution centre in Sydney’s west. The

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New South Wales News 

Primewest pays Charter Hall $91.5m for shopping centres at Greystanes and West Ryde

July 3, 2020July 6, 2020 Marc Pallisco

Primewest has snapped up two more Sydney shopping centres for its newly mandated Australian Daily Needs trust. The Pemulwuy and

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New South Wales News 

Amazon trebles Australian occupancy with robotic Kemps Creek warehouse

June 30, 2020July 1, 2020 Marc Pallisco

Amazon today trebled its Australian industrial occupancy, announcing the pre-commitment of an automated fulfilment centre in Sydney’s west. Amazon Robotics,

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New South Wales News Queensland Victoria 

MPG outlays $40.98m on five regional offices

June 30, 2020February 23, 2021 Marc Pallisco

MPG Funds Management has acquired another five non-metropolitan assets, this time for its Regional Cities Property Trust, which was established

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New South Wales News 

Yuhu secures Wellways for five years at Pymble

June 30, 2020June 30, 2020 Marc Pallisco

Not for profit mental health and support group, Wellways Australia, has rented a larger office space within Yuhu Group’s Pymble

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New South Wales News 

Hotel developer spends $4.2m on high-profile Auburn site

June 30, 2020June 30, 2020 Marc Pallisco

A local developer has spent $4.2 million on a warehouse in Sydney’s west Auburn with plans for a mid-rise hotel.

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New South Wales News 

Chandru Tolani, Sanjay Kumar offload half vacant Parramatta office for nearly $40m

June 28, 2020June 28, 2020 Marc Pallisco

An eight storey office in central Parramatta has sold for just over twice the price it last traded for, in

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New South Wales News Queensland Victoria 

Petrol stations collect $14.5m from investors, developer

June 26, 2020June 26, 2020 Marc Pallisco

Three east coast service station investments sold on Wednesday while last week, a developer purchased a redundant one on a

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New South Wales News 

Singapore’s Peakstone makes Dexus $530m offer for 45 Clarence Street

June 24, 2020June 25, 2020 Marc Pallisco

Singapore based Peakstone is paying Dexus $530 million for a renovated 30-year old building at 45 Clarence Street, at the

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New South Wales News 

Qube pre-commits Woolworths to neighbouring distribution centres at Moorebank Logistics Park

June 24, 2020July 4, 2020 Marc Pallisco

Qube has pre-committed Woolworths to two automated logistics centres, set to neighbour each other and be connected by an air

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New South Wales News 

Lang Walker AO, Maurice Terzini unveil CicciaBella outpost at Parramatta Square

June 22, 2020June 22, 2020 Marc Pallisco

Revered restaurateur Maurice Terzini will open a CicciaBella osteria within Lang Walker AO’s $3.2 billion Parramatta Square, in west Sydney.

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New South Wales News 

South Eveleigh “groundscraper” The Foundry reaches practical completion

June 24, 2020June 29, 2020 Marc Pallisco

South Eveleigh “groundscraper” The Foundry has reached practical completion. NSW premier Gladys Berejiklian with Matt Comyn, the chief executive officer

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