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New South Wales

New South Wales News 

Ged Dore shouts $10.75m on Enmore’s Sly Fox Hotel leasehold

June 23, 2020June 23, 2020 Marc Pallisco

Enmore’s Sly Fox Hotel leasehold has sold to local publican Ged Dore for $10.75 million. The triple storey property at

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New South Wales News 

Eildon buys Elara Village shopping centre from Stockland

June 19, 2020February 1, 2021 Marc Pallisco

EXCLUSIVE Stockland has sold a town centre development site in north west Sydney to Eildon Funds Management for $8.85 million.

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New South Wales News 

Primewest pays Woolworths $34.75m for Spring Farm Shopping Centre

June 19, 2020June 19, 2020 Marc Pallisco

Woolworths has sold another modern shopping centre investment, this time in Sydney’s south west Spring Farm, banking $34.75 million. The

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New South Wales News 

Dixie Cummings leases two Lidcombe warehouses

June 16, 2020June 16, 2020 Marc Pallisco

Dixie Cummings Enterprises has leased two warehouses in Lidcombe’s Carter Street – one on land owned by China’s Yunnan provincial

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New South Wales News 

Telstra to sell Pitt Street exchange

June 16, 2020June 16, 2020 Marc Pallisco

Telstra can expect between $250-$300 million from the sale of a Sydney CBD telephone exchange. At 76-78 Pitt Street, the

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New South Wales News 

Woolworths sells Mittagong Shopping Village for $9.7m off-market

June 14, 2020June 14, 2020 Marc Pallisco

Woolworths’ SCA Property Group has banked $9.7 million from a small retail centre in the Southern Highland town of Mittagong,

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New South Wales News 

Feuding brothers push price of trophy North Bondi investment to $25.4m

June 12, 2020June 12, 2020 Marc Pallisco

At an unusual auction yesterday, two feuding brothers contested for a North Bondi investment they appointed agents to sell –

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New South Wales News 

North Turramurra vet fetches $6.25m from Revelop

June 9, 2020June 9, 2020 Marc Pallisco

A purpose-built vet clinic with re-positioning potential on Sydney’s North Shore exchanged a week after the marketing agents first talked

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New South Wales News 

Charter Hall invests $115m on Erskine Park warehouse with long lease

June 10, 2020September 30, 2020 Marc Pallisco

Charter Hall has paid $115 million for a modern logistics centre with a long-lease that hasn’t even kicked in yet,

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New South Wales News 

Manheim Auctions expands in Moorebank

June 9, 2020June 9, 2020 Marc Pallisco

Manheim Auctions has rented a Moorebank warehouse opposite another it already occupies. The Atlanta based company which turns 75 this

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New South Wales News Queensland Victoria 

Allianz, Charter Hall pay Aldi $648m for logistics portfolio

June 4, 2020June 5, 2020 Marc Pallisco

Allianz Real Estate, on behalf of several of its group companies, with Charter Hall Group managed Charter Hall Prime Industrial

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New South Wales News 

Time & Place bids $85m for 1960s Potts Point block The Chimes

June 3, 2020June 4, 2020 Marc Pallisco

Time & Place has made a play with the owners of 80 studio apartments and a car park, for a

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New South Wales News 

Oxford unveils 39-storey Build to Rent project at Sydney’s Pitt Street metro station

June 3, 2020November 26, 2020 Marc Pallisco

Oxford Properties has applied to construct what will be the first large scale Build to Rent project in Sydney’s CBD

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New South Wales News 

Icon Foods pays $6.5m for Milperra factory

May 31, 2020May 31, 2020 Marc Pallisco

Protein drinks maker Icon Foods has paid $6.5 million for a factory in Milperra, 12 kilometres west of its St

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New South Wales News 

Aspen buys Newcastle build-to-rent block

May 21, 2020May 21, 2020 Marc Pallisco

Aspen Group has purchased another site as a build-to-rent investment following a liquidator sale, this time in Newcastle. The residential

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New South Wales News 

Sydney strata office fetches $12m

May 20, 2020May 21, 2020 Marc Pallisco

A full-floor strata office in Sydney’s historic Company Director House has sold for $12 million – almost triple the price

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New South Wales News 

Permit-ready Cronulla apartment site trades for $11.1m

May 20, 2020May 20, 2020 Marc Pallisco

A permit-ready development site near Cronulla Beach in Sydney’s south has sold for $11.1 million with a short 35-day settlement.

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New South Wales News 

Shaw Fabrics expands at Stockland’s Forrester Distribution Centre in St Marys

May 19, 2020May 19, 2020 Marc Pallisco

Stockland has found an occupier for part of a logistics complex it has created out of the former O-I Glass

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New South Wales News 

Visy sells Penrith manufacturing plant for $17.25m with a leaseback

May 13, 2020May 13, 2020 Marc Pallisco

Visy has sold a Penrith manufacturing plant for $17.25 million with a leaseback. The 4.2 hectare site, 126 Andrews Road,

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New South Wales News 

Dexus, Frasers approved to develop $2.5b office project at Sydney’s Central Station

April 29, 2020May 13, 2020 Marc Pallisco

Joint venture partners Dexus and Frasers Property Australia have won approval to build a $2.5 billion commercial complex beside Sydney’s

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New South Wales News 

Northern Beaches site permit-ready for apartments auctioned for $13.4 million

April 24, 2020April 24, 2020 Marc Pallisco

A permit-ready apartment development site in exclusive Queenscliff, overlooking Manly Beach, north of Sydney, sold for $13.425 million at a

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New South Wales News 

Hino signs 10-year lease at Frasers Property Industrial’s Horsley Park estate

April 21, 2020April 22, 2020 Marc Pallisco

EXCLUSIVE Hino Motor Sales Australia, the local entity of the Japanese truck maker which is a subsidiary of Toyota Motor

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New South Wales News 

EG spends $19.25 million on Mascot Police Station for ethical fund

April 15, 2020April 16, 2020 Marc Pallisco

EXCLUSIVE EG has paid $19.25 million for a Rosebery commercial building which will be added to its High Income Sustainable

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New South Wales News 

New generation boarding house in Summer Hill sells for $11.25 million off market

April 15, 2020April 16, 2020 Marc Pallisco

A new generation boarding house in Sydney’s inner west Summer Hill sold for $11.25 million following an off-market campaign concluded

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New South Wales News 

Crown Group opens Skye Residences at Green Square

April 15, 2020May 11, 2022 Marc Pallisco

Crown Group has fast tracked the opening of its third Sydney guesthouse – in the inner south Green Square precinct

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New South Wales News 

Woolworths sells new Wadalba shopping centre for $26.15 million

April 8, 2020April 9, 2020 Marc Pallisco

Woolworths Group has sold a freestanding new supermarket with a leaseback in Wadalba, on New South Wales’ Central Coast. The

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New South Wales News 

ESR sells Liverpool office for $52.5 million

April 8, 2020June 28, 2020 Marc Pallisco

E-Shang Redwood Group (ESR Cayman Limited) has banked $52.5 million selling a four storey office leased to Centrelink in Sydney’s

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New South Wales News 

Leichhardt distribution centre sells for c$15.5 million

March 26, 2020March 26, 2020 Marc Pallisco

Roblan Holdings has sold its distribution centre in Sydney’s inner west Leichhardt for more than $15.5 million ahead of relocating

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New South Wales News 

Dulwich Hill KFC sells following auction integrating private online bidding

March 25, 2020June 24, 2021 Marc Pallisco

A fast food investment in Sydney’s Dulwich Hill sold for $4.26 million on a low 3.17 per cent yield following

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New South Wales News 

Stockland paying $415 million for control of Box Hill’s $4 billion The Gables housing estate

March 16, 2020March 16, 2020 Marc Pallisco

Stockland is paying Celestino Property Development, which is owned by poultry entrepreneurs the Baiada family, $415 million for the undeveloped

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New South Wales News 

Vikings Group sells Macquarie Park Quest to Ascott Residence Trust for $46 million off-market

March 11, 2020March 12, 2020 Marc Pallisco

EXCLUSIVE In another Sydney hotel deal, Singapore’s Ascott Residence Trust is paying $46 million for Macquarie Park’s Quest serviced apartment

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New South Wales News 

Factory Fast pays $7.95 million for Smithfield warehouse

March 11, 2020March 11, 2020 Marc Pallisco

Factory Fast has paid $7.95 million for a modernised office warehouse in Sydney’s west Smithfield. The online DIY and renovation

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New South Wales News Queensland 

Pelligra spends c$70m on Goulburn, Warwick distribution centres

March 6, 2020March 4, 2021 Marc Pallisco

Pelligra Group has spent about $70 million on two regional distribution centres. The most valuable facility, in Goulburn, New South

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New South Wales News 

Vibe Darling Harbour sells to Thai family for $108 million

March 5, 2020March 6, 2020 Marc Pallisco

The Thai family which owns food import business Sino-Pacific Trading has made its first foray into Australia’s hotel market paying

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New South Wales News 

Seven Hills industrial asset fetches $7.2 million from owner-occupier

March 4, 2020March 4, 2020 Marc Pallisco

An industrial investment in Sydney’s north west Seven Hills has sold to an owner occupier for $7.015 million – a

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

Tranche of 18 service stations net 7-Eleven owners $78.2 million

February 27, 2020February 27, 2020 Marc Pallisco

A portfolio of 18 7-Eleven outlets offered as sale and leaseback investments traded for $78.2 million to separate buyers at

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New South Wales News 

Alex Perry to shut flagship Sydney store

February 13, 2020February 13, 2020 Marc Pallisco

Designer and reality TV personality Alex Perry will close his fashion brand’s only Australian store next month. Mr Perry blamed

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New South Wales News 

Best & Less Leichhardt HQ for sale with leaseback

February 13, 2020February 14, 2020 Marc Pallisco

Value Retail Group is selling the headquarters of its Best & Less discount fashion chain. In Leichhardt, five kilometres west

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New South Wales News 

Fridcorp buys balance of Hurstville project

February 13, 2020February 11, 2021 Marc Pallisco

Melbourne developer Fridcorp has snapped up the 50 per cent stake it didn’t hold at a $700 million mixed-use project

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New South Wales News Queensland Victoria 

Aldi to sell $700 million worth of Australian east coast distribution centres

February 13, 2020June 4, 2020 Marc Pallisco

Postscript: this portfolio sold in June, 2020, for $648 million to Allianz Real Estate groups and Charter Hall Group’s Charter

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New South Wales News Victoria 

GPT Group spends $192.7 million on four Australian east coast industrial properties

February 11, 2020 Marc Pallisco

GPT Group has spent $192.7 million on four Australian east coast industrial properties – three of them development sites. The

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New South Wales News 

Mirvac pays $249m for Nine studio, tower

February 7, 2020February 14, 2021 Marc Pallisco

Mirvac is acquiring Nine Entertainment Limited 2.9 hectare Willoughby site as a development play. The holding was offered last April

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

PCA OMR shows tight vacancy in Sydney, Melbourne

February 6, 2020February 4, 2021 Marc Pallisco

The Property Council of Australia released its twice annual Office Market Report today. The national stock comparison showed vacancy in

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New South Wales News 

Harrington picks up Greenacre Shopping Centre from ISPT for $26.5 million

January 31, 2020January 31, 2020 Marc Pallisco

ISPT has sold a neighbourhood retail investment in Sydney’s south west for $26.5 million. The Greenacre Shopping Centre, which the

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New South Wales News 

Coles sells West Ryde CBD supermarket with a leaseback for $23.85 million

January 29, 2020January 29, 2020 Marc Pallisco

Coles Group Property Developments has sold another supermarket with a leaseback, this time in Sydney’s West Ryde CBD. A Victorian

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New South Wales News 

Owner occupier outbids developers, renovators, for Alexandria office

January 30, 2020January 30, 2020 Marc Pallisco

An owner occupier is paying nearly $7 million for a vacant three-storey office warehouse in Sydney’s inner south Alexandria. The

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

Withers family offers 18 more 7-Eleven service station investments

January 23, 2020January 25, 2020 Marc Pallisco

EXCLUSIVE The Withers family – which controls Australia’s 7-Eleven franchise – is offering another tranche of service stations via a

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New South Wales News 

Ascot Capital picks up Port Macquarie office from Sentinel for $37.9 million

January 18, 2020January 18, 2020 Marc Pallisco

Ascot Capital is paying $37.9 million for a Port Macquarie office with a long lease to Essential Energy. The asset,

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New South Wales News 

Coronation Property pays Stockland $41 million for Merrylands build-to-rent site

January 17, 2020January 17, 2020 Marc Pallisco

A 1.25 hectare development site within Merrylands’ Town Centre has sold between Sydney developers. Family owned Coronation Property is paying

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New South Wales News 

Mount Falcon cattle station sells for more than $13.2 million

January 11, 2020January 11, 2020 Marc Pallisco

A family already with Upper Murray interests has paid over $13.2 million for Tooma Valley’s Mount Falcon cattle station. The

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

Texas owner to close 19 Australian EB Games stores this month

January 9, 2020January 9, 2020 Marc Pallisco

The Dallas-based owner of video entertainment chain EB Games intends to close 19 of its 300-plus Australian stores by the

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New South Wales News 

Uniting Church Trust Australia sells outgrown Eastwood facility

January 18, 2020January 18, 2020 Marc Pallisco

Eastwood’s former Denistone East Uniting Church – which made headlines in 2010 by being one of the first parishes of

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New South Wales News 

Link REIT pays $683 million for Sydney CBD office

January 6, 2020January 6, 2020 Marc Pallisco

Hong Kong based Link REIT has made its first property investment outside of Asia, outlaying $683 million for an office

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New South Wales News Victoria 

Vicinity Centres buys 50 per cent stake in Uni Hill Factory Outlets, now to be known as DFO, and sells half-share of Lennox Village

December 24, 2019December 24, 2019 Marc Pallisco

Vicinity Centres is paying MAB Corporation $67.8 million for a half share interest in the Uni Hill Factory Outlets complex

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A.C.T. New South Wales News Victoria 

Charter Hall Retail REIT sells five east coast investments – three to Lascorp

December 18, 2019December 20, 2019 Marc Pallisco

Melbourne-based specialist retail investor and developer Lascorp is paying Charter Hall Retail Management Limited, as responsible entity for Charter Hall

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National New South Wales News Queensland South Australia Victoria 

Scape pays $2 billion for Urbanest’s Australian student accommodation portfolio

December 14, 2019December 14, 2019 Marc Pallisco

Scape Australia is paying $2 billion for a portfolio of student accommodation units in Sydney, Melbourne, Brisbane and Adelaide. The

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National New South Wales News 

ESR seeds office mandate with two wholly owned business parks worth $138 million

December 13, 2019December 15, 2019 Marc Pallisco

ESR Cayman Limited will seed an office focused mandate using two wholly owned Sydney business parks, picked up as part

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New South Wales News Queensland Victoria 

Investors spend $18.3 million on Australian childcare centres yesterday

December 12, 2019December 13, 2019 Marc Pallisco

Five Australian east coast childcare centre investments sold for a total of $18.311 million to separate buyers yesterday. The assets

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New South Wales News 

Two Charter Hall funds behind $397.8 million purchase of Arnott’s Huntingwood plant and distribution centre

December 12, 2019December 12, 2019 Marc Pallisco

Two Charter Hall funds will co-own a major food production facility and distribution centre in Sydney, leased to Arnott’s. Charter

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New South Wales News Queensland Victoria Western Australia 

Caltex portfolio collects $92m after costs

December 9, 2019February 10, 2021 Marc Pallisco

Caltex – whose management last week rejected a takeover bid from Quebec’s Alimentation Couche-Tard believing the $34.50 per share offer

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New South Wales News 

Marks Henderson outlays $92.75 million for Darlinghurst warehouse-converted-office

December 5, 2019December 5, 2019 Marc Pallisco

Marks Henderson is spending $92.75 million on a high-character warehouse-converted-office in Sydney’s inner east Darlinghurst. The deal for 19A Boundary

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New South Wales News Queensland Victoria 

GWA signs, resets leases, for three Charter Hall warehouses on Australia’s east coast

December 5, 2019December 5, 2019 Marc Pallisco

EXCLUSIVE One hand is washing the other – metaphorically – following a unique agreement between Charter Hall and GWA Group

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New South Wales News 

Centuria Property Funds Limited sells Parramatta office to SC Capital Partners for $105.3 million

December 3, 2019December 12, 2019 Marc Pallisco

EXCLUSIVE Centuria Property Funds Limited has sold a Parramatta office at 2-10 Wentworth Street to Singapore’s SC Capital Partners, banking

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New South Wales News 

ASICS Oceania calls in local sports stars to open landmark Marsden Park HQ

December 2, 2019December 3, 2019 Marc Pallisco

Sportswear giant ASICS Oceania called in several high-profile sponsors to open its landmark Australian headquarters at Marsden Park, about 50

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New South Wales News 

Sydney businessmen sell Balmain’s Unity Hall Hotel for $20 million

November 29, 2019May 14, 2020 Marc Pallisco

Balmain’s Unity Hall Hotel has sold for $20 million – about $5 million less than its price guide upon being

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New South Wales News 

Charter Hall Direct PFA Fund sells Parramatta office for a headline $64.25 million

November 26, 2019November 27, 2019 Marc Pallisco

EXCLUSIVE Charter Hall’s Direct PFA Fund has sold a Parramatta office to a private investor for $64.25 million – or

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New South Wales News 

Stockland secures Optus to HQ for 12 more years

November 25, 2019February 1, 2021 Marc Pallisco

EXCLUSIVE Optus has signed a 12 year lease renewal for its landmark campus-style headquarters in Sydney’s north. Landlords Stockland with

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New South Wales News 

Singapore’s First Sponsor partners with ICD Property to redevelop Sydney’s 125-year old City Tattersalls Club

November 25, 2019November 29, 2019 Marc Pallisco

ICD Property has formed a joint venture partnership with Singapore’s listed First Sponsor to redevelop the City Tattersalls Club in

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New South Wales News Victoria 

Veriu pre-commits to four Australian hotels for its Punthill brand – three in Melbourne

November 26, 2019November 26, 2019 Marc Pallisco

Boutique hotelier Veriu has pre-committed to four venues on Australia’s east coast – a move which will grow its burgeoning

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New South Wales News 

Germany’s Spezialfonds pays c$350 million on a fund-through agreement for North Sydney office

November 24, 2019November 24, 2019 Marc Pallisco

CBRE Global Investors – on behalf of German real estate fund Spezialfonds – is acquiring a North Sydney office for

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New South Wales News 

Moelis pays $100m for Byron Bay’s Beach Hotel

November 19, 2019April 11, 2022 Marc Pallisco

Moelis Australia is paying Melbourne’s Impact Investment Group just over $100 million for Byron Bay’s Beach Hotel. The deal includes

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New South Wales News 

Stockland spends $121 million on neighbouring North Sydney offices to create super-site

November 8, 2019November 8, 2019 Marc Pallisco

Stockland is paying $121 million for two North Sydney offices adjacent to another it owns at 110 Walker Street (pictured,

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New South Wales News 

Charter Hall pays John Holland $331.3 million for The Glasshouse building in Sydney’s Macquarie Park

November 12, 2019 Marc Pallisco

Charter Hall is continuing a national spending spree – outlaying $331.3 million for a suburban Sydney office majority leased to

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A.C.T. New South Wales News Victoria Western Australia 

Withers family banks $77.9 million from sale of 15 7-Eleven outlets

October 30, 2019November 6, 2019 Marc Pallisco

Melbourne’s Withers family today sold a national portfolio of 7-Eleven outlets for a total of $77.915 million. The 15 properties,

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New South Wales News 

John Singleton and Geoff Dixon list Balmain’s Unity Hall Hotel – the birthplace of the Australian Labor Party

October 19, 2019October 19, 2019 Marc Pallisco

Media mogul John Singleton and former Qantas boss Geoff Dixon, via their Australian Pub Fund, are selling the Balmain building

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New South Wales News 

Fortius picks up Cammeray Square from Stockland for $39.05 million

October 29, 2019October 29, 2019 Marc Pallisco

Stockland has sold the Cammeray Square shopping centre on Sydney’s exclusive lower north shore for $39.05 million. Private Sydney-based investment

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New South Wales News 

Savills Australia poaches two JLL executives to launch Capital Advisory division

October 19, 2019October 19, 2019 Marc Pallisco

Savills Australia has established a Capital Advisory division after poaching two executives from rival JLL’s Sydney office. Ben Jackson and

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New South Wales News 

Ace Hotel set sights on Australia with commitment in Sydney’s Surry Hills

October 14, 2019October 14, 2019 Marc Pallisco

California based hospitality group Ace Hotel is coming to Australia, leasing an 18-storey facility set to start construction in Sydney’s

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National New South Wales News Queensland Victoria 

Brisbane, Melbourne childcare centres set to smash national records

September 30, 2019October 1, 2019 Marc Pallisco

A Brisbane childcare centre investment listed this month could be the most expensive sold in Australia – smashing the record

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New South Wales News 

Sydney businessman Sam Harb leases Greenacre industrial project prior to completion

September 25, 2019September 25, 2019 Marc Pallisco

Sam Harb – one of Sydney’s most prolific and famous paving contractors – has leased all of an eight-unit industrial

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