Quintessential Equity banks $14.7 million from Noble Park North industrial investment

Quintessential Equity has sold a 2.4 hectare industrial investment in Melbourne’s Noble Park North for $14.7 million. The commercial investor and developer, which provides syndicate opportunities for wholesale buyers, paid $6.8 million for 180 Browns Road in 2013. OneSteel Reinforcing, now known as Infrabuild, is the long-term occupier. About 27 kilometres south east of the

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Nick Theodossi buys Doncaster BMW freehold for $50 million – without agent

EXCLUSIVE Luxury car dealer Nick Theodossi is paying about $50 million for a Doncaster investment with significant long-term development upside. The 1.1 hectare block at 812-814 Doncaster Road is leased for 12 years to long time occupier Doncaster BMW. Mr Theodossi, also a commercial property investor, secured it following an off-market deal negotiated directly with

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LOGOS Group secures efm Logistics for speculative Altona warehouse

Logistics focused landlord and developer LOGOS Group has found an occupier to take all of a speculative 23,322 square metre facility it only completed construction of last month. efm Logistics Services will move into the Altona Logistics Estate warehouse mid-year. JLL’s Matt Ellis and Matt Crofts represented LOGOS Group, which is backed by, amongst others,

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

Aldi will offload $700 million worth of distribution centres on Australia’s east coast – with leasebacks. The four warehouses return annual rent totalling about $30 million. Sale proceeds will be used to fund the opening of more supermarkets, it is being reported. The Australian and AFR both broke news of the upcoming listing on Tuesday.

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NASDAQ listed LeMaitre Vascular sells local HQ near new Arden train station

NASDAQ listed LeMaitre Vascular – which manufactures artificial veins, a patented technology – has sold its Australian sales centre near the site taking shape as the Arden train station, part of the $11 billion Metro Tunnel project. The buyer outmuscled a mix of other owner occupiers, and investors, to secure 36-40 Munster Terrace for $2.701

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Mazda Australia pre-commits to Frasers Property Industrial’s 4Ten Epping business park

Frasers Property Industrial has signed up Mazda Australia to be the first occupier at its 4Ten Epping industrial estate, in Melbourne’s north. Mazda has pre-committed to a 37,235 square metre facility which will be occupied as its national parts and distribution centre. Due for completion in December the property will include 960 sqm of office

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Virtus Property Group pays Reece Australia $17.9 million for Clayton industrial investment

Virtus Property Group is paying $17.9 million for an industrial investment in Melbourne’s south east Clayton. The soon to be vacated property was sold by Reece Australia and its owners, the Wilson family, following an off-market deal negotiated by JLL. At 74-86 Garden Road, the asset includes a 10,857 square metre warehouse with clearance of

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