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

Owens-Illinois Australia has offloaded three warehouses with long leases to Charter Hall funds for a total of $214 million. The deal comes a day after it was reported the glass maker’s local and New Zealand businesses sold to Visy for $733m. The vendor, which as part of that agreement retained the properties, then campaigned them

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Amazon trebles Australian occupancy with robotic Kemps Creek warehouse

Amazon today trebled its Australian industrial occupancy, announcing the pre-commitment of an automated fulfilment centre in Sydney’s west. Amazon Robotics, under construction at the $1.5 billion Oakdale West industrial park in Kemps Creek, will include 200,000 square metres over four floors. On 1.5 hectares, it is configured with 1148 parking bays for cars and 64

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MPG Funds Management outlays $40.98m on five government backed regional buildings

MPG Funds Management has acquired another five non-metropolitan assets, this time for its Regional Cities Property Trust, which was established in September, 2018. The total outlay is $40.98 million. All of the properties are leased to the government. The deal comes three months after MPG spent $43.5m on Rockhampton’s Bunnings Centre – for its (then-newly

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

Qube has pre-committed Woolworths to two automated logistics centres, set to neighbour each other and be connected by an air bridge, in Sydney’s Moorebank. The supermarket giant will occupy one – measuring 40,700 square metres – as its national distribution centre (NDC). A smaller, 34,600 sqm factory will be its regional distribution centre (RDC). “The

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

Revered restaurateur Maurice Terzini will open a CicciaBella osteria within Lang Walker AO’s $3.2 billion Parramatta Square, in west Sydney. The venue will be a suburban outpost to the Bondi Beach eatery which opened last October in the former Da Orazio space at 75-79 Hall Street. Mr Terzini’s first restaurant, high-end diner, Otto, was established

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South Eveleigh “groundscraper” The Foundry reaches practical completion

South Eveleigh “groundscraper” The Foundry has reached practical completion. NSW premier Gladys Berejiklian with Matt Comyn, the chief executive officer of Commonwealth Bank of Australia, which will tenant the whole building, attended the socially distanced celebratory launch, yesterday. Mirvac chief executive officer Susan Lloyd-Hurwitz, on behalf of the development consortium which also includes AMP Capital

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