Ascott Residence Trust pays $60.6 million for hotel near Sydney Airport

Singapore REIT Ascott Residence Trust is paying $60.6 million for the Felix by 8Hotel in Sydney’s Mascot. The 150-room inn at 131-121 Baxter Road (image above and below) will be rebranded as the Citadines Connect Sydney Airport following a conversion in May. JLL’s Andrew Langsford represented the vendor, a local private developer. Ascott’s hotel portfolio

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Charter Hall pays $75.5 million for 13 childcare centres on Australia’s east coast

Charter Hall is paying $75.5 million for 13 childcare centres on Australia’s east coast. Two of the centres are completed. Six are subject to a “fund through” arrangement, whereby Charter Hall is buying the land, and paying the balance required to construct the investments, which it will own. The centres are fully leased to occupiers

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Oscar winner George Miller AO sells historic Potts Point theatre, The Metro, for $19.8 million

ASX-listed Abacus Property Group has paid Oscar winning film director George Miller AO (pictured, left) $19.8 million for historic theatre, The Metro, in Potts Point. Built in 1939 as The Minerva Theatre and owned for a period from 1948 by Metro-Goldwyn-Mayer – 30 Orwell Street has been retained by Mr Miller as a headquarters for

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Nationwide Towing & Transport founders list a national portfolio of four industrial investments

The founders of Nationwide Towing & Transport, a company now majority-owned by the RACV, are selling a portfolio of four industrial investments across Australia. Offered with a leaseback, in one line or individually, the properties return annual rent of $901,160 and are expected to trade for a total of more than $14 million. All up,

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Charter Hall pays federal government $118.5 million for investments in Sydney, Melbourne

Acquisitive property giant Charter Hall has paid $118.5 million for two government-leased industrial investments on Australia’s east coast. The detector dog training facilities, both occupied by Australian Border Force and Australia Federal Police, hit the market in August. The largest facility by area, in Bulla, about 29 kilometres north-west of Melbourne, operates as the headquarters

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Charter Hall sells two retail assets for a total of $76.1 million

Charter Hall Retail REIT has sold the Coomera Square shopping centre in Queensland and a freestanding Woolworths-leased supermarket in New South Wales, for a total of $76.1 million. The Sydney-based fund manager said the assets traded at a small discount to their December 2017 book values. “The divestments are consistent with the REIT’s strategy to

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Sentinel Property Group pays $23.3 million for Bunnings-anchored homemaker centre near Newcastle

Sentinel Property Group is paying $23.3 million for a Bunnings-anchored homemaker centre near Newcastle. The 4.6 hectare site, containing a 17,171 square metre facility of which Bunnings occupies 77 per cent, will be put into Sentinel’s (Open Ended) Homemaker Trust. The other occupants include BCF, Dons Tiles and PETstock. Based on the annual rent the

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