Primewest spends $17.5m on childcare centres for new income fund

EXCLUSIVE Primewest is acquiring three childcare centres for a new fund. In the priciest deal, it is paying $7.25 million for a 122-place complex in Gold Coast’s Robina. Developed in 2004 and recently refurbished, 60 Investigator Drive (pictured, top, unrenovated) is tenanted to Oxanda Education for 15 years; an agreement with three 10 year options.

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LWHP pays $353m for six Bunnings investments

Charter Hall managed Long WALE Hardware Partnership (LWHP) – which includes Telstra Super and VFMC as partners – has paid $353 million for a portfolio of six metropolitan Bunnings stores. Five are in the east coast capitals of Sydney (Bonnyrig and Caringbah), Melbourne (West Footscray) and Brisbane (Underwood and Virginia). The other is in Adelaide’s

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Charter Hall spends $103m on SA Emergency Services Command Centre

Charter Hall Social Infrastructure Limited is paying $103 million for an Adelaide fringe office under construction and majority leased to a state government essential services division. The earthquake-resilient South Australian Emergency Services Command Centre on 1.6 hectares at 33 Richmond Road, Keswick, is earmarked for the ASX-listed Charter Hall Social Infrastructure REIT (CQE). The purchaser

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Dexus, HWPF pay $446.2m for Adelaide’s Australian Bragg Centre

Dexus and its managed Healthcare Wholesale Property Fund are paying $446.2 million for a medical investment under construction in Adelaide’s CBD. The Australian Bragg Centre will include the country’s first proton therapy unit specialising in cancer care. It forms part of the $3.6 billion BioMed City precinct at the western edge of North Terrace. The

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Renewal SA purchases two Kaufland sites for affordable, social housing

Renewal SA has purchased two inner-Adelaide development sites from German retailer Kaufland. In Forestville (pictured, top) and Prospect, the government arm intends to over the next five years replace them with mixed-use but predominantly residential communities. About 482 dwellings are anticipated – some 150, or 30 per cent, allocated for affordable/social housing. Retail and commercial

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Adelaide’s ex-Calvary Wakefield Hospital set to make way for state of the art health and medical precinct

Pelligra Group has paid Cromwell $30 million for Adelaide’s recently vacated Calvary Wakefield Hospital, with plans to fit it out as a state of the art health and medical precinct. The 8712 square metre holding at 264-300 Wakefield Street, adjacent to Rymill Park, cost the vendor $50m in 2017. With four street frontages, it contains

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Winning Group expands at ISPT’s Charles Sturt Industrial Estate

Winning Group has expanded in Adelaide, taking space within ISPT’s Charles Sturt Industrial Estate in Woodville. The online appliance retailer has committed to 7300 square metres being Building 21.2, 20 Cheltenham Parade. The 23.2 hectare business park is at 853-867 Port Road, eight kilometres north west of the city. So far it contains 55,329 sqm

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Cromwell sells Direk distribution centre for $63.05m – 19pc over book value

Cromwell Funds Management, on behalf of the Cromwell Property Trust T12, has sold a seven year old cold storage investment in South Australia’s Direk, to New York based investment bank Moelis. The Rand Transport Distribution Centre is trading for $63.05 million – or 18.96 per cent over book value. The vendor acquired 26-34 Caribou Drive,

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Con Makris to bank $200m from City Cross, North Adelaide Village

South Australia’s wealthiest person, Con Makris, is selling two Adelaide shopping centres. Via Makris Group, the Greek Australian property developer and investor is expecting about $200 million from the deals. The listings come five months after the businessman offloaded another retail investment, Newton Village, 11 kilometres north east of the city, for c$35m to Parramatta-based

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Renewal SA seeks partner for Entrepreneur and Innovation Centre at Lot Fourteen

Renewal SA is seeking a development and investment partner to replace part of the seven hectare former Royal Adelaide Hospital with a c16-storey, 35,000 square metre mixed-use commercial building to be known as the Entrepreneur and Innovation Centre (EIC). The tower is anticipated to be the flagship of the innovation precinct known as Lot Fourteen

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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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Con Makris banks c$35 million selling Adelaide’s Newton Village Shopping Centre to Revelop

Parramatta based Revelop – a boutique developer and investor directed by Charbel Hazzouri and Anthony El-Hazouri – is paying one of Australia’s richest men a speculated $35 million for an Adelaide mall. Con Makris sold Newton Village Shopping Centre following an off-market campaign managed by Savills’ Rino Carpinelli and Ryan Mills. The brokers said the

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