Oreana divests trio of shops
Oreana has sold three new retail investments, part of the Farm Gate Local shopping centre, in Melbourne’s Clyde North. In
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Victoria
Charter Hall bags another trophy Melbourne pub
In Victoria’s priciest pub deal this year, Charter Hall has snapped up the city’s Garden State Hotel, behind 101 Collins
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Bunnings trust selling Melbourne homemaker centre
BWP Trust is close to selling one of six assets seized with control of the Newmark Property REIT (NPR) early
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Woolworths buys another supermarket from landlord
EXCLUSIVE Woolworths has bought another supermarket from the landlord, this time in Melbourne’s east. The retailer is paying $16.35 million
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Dexus to co-develop landmark Boral site
Dexus will co-develop a landmark Melbourne site owned by Boral after a deal with Logos early last year didn’t proceed.
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NAB signs year’s biggest office lease deal
National Australia Bank has signed the country’s biggest office lease deal this year, renewing at its Docklands headquarters, held by
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EG buys east Melbourne business park
EG has quietly bought a Melbourne business park for its Private Wealth arm – and is selling a Queensland asset
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Avari divests major Melbourne warehouse
Avari Capital Partners has sold a major north Melbourne industrial investment acquired just before COVID. The asset manager is banking
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Goodman banks $63m from Melbourne site
EXCLUSIVE Goodman has turned an impressive profit selling the ex-Hella headquarters, in Melbourne, after seven years. Veres Property is the
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Ryman shelves Mornington Peninsula aged care plan, sells site
Ryman Healthcare has quietly sold Mt Eliza’s historic Moondah estate – deciding against replacing the grounds with a high-density aged
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Dymocks sells major Melbourne office
Dymocks Group is close to selling a major Melbourne office held 11 years. Kokoda Property Group is speculated to be
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Plenary fills chunk of Footscray Hospital
Parkwood Green Medical has leased a large piece of a prominent office, part of the Footscray Hospital, nearing completion in
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Lindum, Stamford pick up two rundown Melbourne warehouses
Lindum Property Partners and Stamford Capital Investments have snapped up two neighbouring Melbourne industrial investments with repositioning upside. The blocks,
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Kokoda snares trophy hotel from Jon Adgemis receiver
A liquidator for John Adgemis’ Public Hospitality Group has sold a high profile inner-city ex-State Bank, for 30 years a
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Robin Khuda buys two Melbourne sites for new business
Airtrunk founder Robin Khuda has snapped up two investments with development upside each side of Melbourne’s CBD. Via a new
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McDonald’s coming back to Puckle Street
EXCLUSIVE McDonald’s is coming back to Moonee Ponds after over three decades. The group is refitting a 435 square metre
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Fitzroy’s Acme factory sold, set for development
The Jacka family has sold the prominent Fitzroy warehouse converted office since the 1990s home to the Southern School for
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Newmark buys VicRoads testing and inspection centre
Newmark Capital has bought a VicRoads testing and inspection centre for a diversified fund it seized control of in June.
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Asset managers trade Victorian tourist park
Equinox has sold one of two Victorian tourist accommodation villages bought in 2019. ASX-listed Eureka Group is the buyer: the
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Centuria takes over $444m agriculture fund
Centuria Capital Group has bought Arrow Funds Management, the responsible entity behind the unlisted Arrow Primary Infrastructure Fund. The off-market
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Offshore investor snares $8.5m Melbourne childcare centre
Two major childcare centre sales were concluded late last month. In the priciest deal, a Malaysia based investor paid $8.5
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James Packer, Chapter buy another blue ribbon site
James Packer’s NPACT with Chapter Group have unveiled plans for an outgoing ULR Range Rover and Jaguar car dealership in
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Developer buys mansion dubbed Brighton Town Hall
Lowe Living has swooped on the imposing mansion dubbed Brighton Town Hall. The 3200 square metre holding at 2 Kinane
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Mortgagee sells another Lion project
A mortgagee has sold another incomplete Lion Development Group project – this time in Melbourne’s south east. With six townhouses,
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Historic South Yarra hairdresser trades for $6.2m
The historic building South Yarra building occupied 20 years by the Joey Scandizzo Salon sold at auction yesterday. The $6.151
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Melbourne QSR asset collects $14m
A new quick service retail investment in south east Melbourne has sold for $14 million – a 5.61 per cent
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GPT fills more of CBD office under construction
The GPT Group has filled more of the two tower 51 Flinders Lane office complex, under construction in Melbourne’s CBD.
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Plastic surgeon institute buys base
The Melbourne Institute of Plastic Surgery has bought four strata offices forming the ground floor of an Abbotsford apartment complex,
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Melbourne childcare centre fetches $10m
Sydney based asset manager Rethink Investing has swooped on a south east Melbourne childcare centre leased until 2065 with options.
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Tavner family sell Doors Plus portfolio with leasebacks
The Tavner family has sold 12 Doors Plus outlets with leasebacks. The c$30 million deal comes six months since the
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University leases office for campus
Monash University will relocate the School of Public Health and Preventative Medicine between Melbourne offices. The group has signed a
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Chemist Warehouse executives buy another investment
National Retail Group – an affiliated families office established and backed by Chemist Warehouse executives – has bought another commercial
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Woolworths secures Melbourne town centre site
Woolworths has quietly picked up the retail stake in a proposed Melbourne growth corridor mixed use project. Via development arm
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Operator beats developers for beloved Melbourne nursery
EXCLUSIVE Business owners have beaten developers to another infill Melbourne nursery – this time at Warrandyte. The Beasley family offered
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ESR banks $26.5m from industrial investment
ESR Group has quietly sold neighbouring modernised warehouses in Melbourne’s south east to an occupier. The asset manager banked $26.5
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Billionaires lease entire new Melbourne office
INT.RE – the name since last year for Icon Developments – with Kajima Group and Zagame Property has secured a
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Not for profits trade vacant Melbourne site
The Salvation Army has sold a large standalone warehouse until recently occupied as a store, in Melbourne’s south east. Another
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Chemist Warehouse co-founder spends $80m on neighbouring knockdowns
Chemist Warehouse co-founder, Jack Gance, and his wife, Evelynne, have bought neighbouring knockdowns in one of Melbourne’s most exclusive streets.
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Castle adds another Melbourne pub to book
The five year old Mona Castle Group, previously known as Castle Group Hospitality, has added another inner city pub to
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Chris Lucas flips historic building after a year
Chris Lucas has quietly sold the city’s historic Maria George Building. The restaurateur only bought 179-181 Flinders Lane mid-last year,
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Time & Place snare prominent inner-city site
Time & Place has snapped up a prominent inner city Melbourne office/warehouse for a new arm. The asset manager and
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Centennial sells Melbourne distribution centre after three years
Centennial has sold a south east Melbourne distribution centre acquired three years ago with a leaseback. Now vacant, 20-50 Waterview
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Receiver sells another APH asset
Receivers for Australian Property Holdings, which collapsed late last year, have sold a sprawling office in Melbourne’s east. The 2314
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Farm bought for $167,000 sold to developer for $70m
A syndicate has bought an enormous Melbourne farm with plans for a data centre. The 21 hectare site, 185 Brookville
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Interstate investor swoops on Melbourne warehouses
An interstate investor has picked up a Melbourne industrial asset with two tenants on new five year leases with options.
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Mansion dubbed Brighton Town Hall for sale
The imposing four storey mansion dubbed Brighton Town Hall by locals is for sale again. Goldman Sachs co-head of Investment
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Occupiers trade $18m strata office
CareSuper has banked $17.8 million for the bulk of a five storey inner-city Melbourne building. The vendor seized control of
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Cromwell buys into Straits industrial portfolio
ASX listed Cromwell has bought a 19.9 per cent stake in Straits Real Estate’s Australian industrial portfolio. The $47.6 million
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Gorman leases neighbouring Melbourne store
Gorman has leased a store next to two it occupies in Melbourne’s Swanston Street. It has also reset a lease
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Two Guardian childcare centres for sale
Two Melbourne Guardian childcare centres have hit the market – weeks after three Goodstart backed assets in Queensland traded on
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Fox family buy golf course from Crown
The Fox family is believed to be buying Heatherton’s Capital Golf Club from Blackstone Group, which acquired it purchasing Crown
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AIRR HQ sells on 5.7pc yield
The rural headquarters of Elders subsidiary the Australian Independent Rural Retailers, sold at auction last month. The $7.5 million result
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Salvation Army HQ sold
The Salvation Army’s national headquarters, in Melbourne, has been sold by Accord Property. Perth based asset manager Ascot Capital is
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Melbourne warehouse trades at sub four per cent yield
A warehouse covering a small portion of a 5651 square metre block, in Coburg North, sold for $7.51 million –
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Green light for towers beside Crown Casino car park
Les Smith has won approval to develop two apartment towers – of 52 and 25 storeys – on a collection
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ASX listed group consolidates at Broadmeadows
Reliance Worldwide Corporation will consolidate from two distribution centres to another recently completed next door, in Melbourne’s north Broadmeadows. The
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Land lease provider buys Wangaratta site
Over 50s land lease community provider Lincoln Place has snapped up a site permit-ready for a 227-lot subdivision in Wangaratta’s
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Fortis buys Collins Street office from receiver
Fortis has made its maiden Melbourne CBD play, picking up an office listed last month by Suleman Group receiver KordaMentha.
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Modern west Melbourne shopping centre sells
Glen Gala Village Shopping Centre, in Melbourne’s west, has sold for the second time in just over three years. Worth
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Dexus sells Melbourne warehouses to tenant
Dexus has sold two large adjoining south east Melbourne warehouses to one of the tenants. Dulux Group is paying $40
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Trophy warehouse converted office for sale, Melbourne
A warehouse converted office, developed in the late 1880s for bootmaker Charles Trescowthick, who employed more than 250 people, is
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Occupier buys Flinders Lane shop
Cha Ching Group has bought the ground floor retail space within a historic building, in the prime section of Flinders
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Tollman family sell lakeside Melbourne office
South Africa’s Tollman family has sold an office held 14 years opposite Albert Park Lake. The six storey, 1700 square
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MAB sells new large format retail complex
MAB Corporation has sold another piece of its Element Park estate, in Melbourne’s outer south east. The new Clyde North
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Forza flips ex-Salvation Army HQ after revamp
EXCLUSIVE Forza Capital has sold a prominent east Melbourne office after 16 months. The Liechtenstein based Hilti Family Office is
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BYD chooses suburban office for HQ
BYD has signed a large suburban office lease deal, at Mulgrave. The China based car maker will occupy a full
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Benetas buys Roxburgh Park aged care complex
Benetas has settled on the purchase of the Moran Roxburgh Park aged care facility. The 98 room, 132-bed complex, 3
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Interstate investor buys Bunnings pre-auction
A Perth investor has bought Horsham Bunnings following a pre-auction offer reflecting a six per cent passing yield. The 9592
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Australian Unity sells Melbourne day hospital
Melbourne asset manager The Property Advisory has made its maiden healthcare investment. The Greensborough Medical Centre and Day Hospital cost
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Medical centre beside hospital for sale, Melbourne
A sprawling medical centre sharing part of a roofline with Macquarie Health’s Melbourne Eastern Private Hospital, is for sale. Also
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Dementia Australia, MS list major Melbourne sites
Two not for profits listed major Melbourne assets this week. In Hawthorn, Dementia Australia is offering three historic mansions covering
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Iconic Melbourne nightclub for sale again
Prahran’s historic ‘Revolver building’ is for sale again. Developed in 1914, part of Chapel Street’s Colosseum complex – the four
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NextGen sells enormous suburban ‘country club’
EXCLUSIVE NextGen has sold a sprawling suburban Melbourne ‘country club’ on its second attempt. The 1.1 hectare facility, part of
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Victorian Mercure trades for $10m
Another modern Mercure has sold, this time at Warragul. The four level hotel, developed 10 years ago at 23 Mason
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Receiver lists near new Melbourne hotel
One of failed developer APH Holding’s highest profile investments has been listed for sale by receiver and manager, KordaMentha. The
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99 Bikes portfolio offered with a leaseback
Postscript: these properties sold for a combined $17.25 million at auction. Eight more 99 Bikes stores are being offered with
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Kooyong Lawn Tennis Club buys Vision Australia HQ to expand
Postscript: in December, it will be announced this deal isn’t proceeding. Details here. The Kooyong Lawn Tennis Club has quietly
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Peter Spargo lists final piece of mixed use project
Peter Spargo has listed the final piece of a mixed use commercial project in Melbourne’s north. Mickleham Medical, completed last
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Noodle maker seals site for first Australian manufacturing plant
Brookfield Properties has announced another deal at what will be one of Cardinia’s biggest business parks, at Pakenham. Ballarat Food
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Occupier drops $1.6m for showroom, office
A triple storey inner east Melbourne office/showroom has sold for $1.6 million. The Victoria Street, Abbotsford, property, was offered by
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