Lester Group banks $22m from office, car park
Lester Group has sold a Belmont office and nearby open-air car park for $22 million. The investor paid $19.1m for
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Western Australia
Investors outlay $34m on childcare centres
Six childcare centres sold for a total of $33.992 million at a bulk auction event today. The priciest, at 322-328
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Perron Group sells Perth mall
Perron Group has sold The Square Mirrabooka after 32 years. The $195 million deal is with Melbourne-based Fawkner Properties, which
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Charter Hall buys Butler shopping centre from Woolworths
Charter Hall, for its Retail REIT (CQR), is paying Woolworths $51.2 million for Perth shopping centre Butler Central. The deal
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Dexus acquires Bethesda Clinic for healthcare fund
Dexus has acquired a Perth healthcare investment on a funds through basis. The Bethesda Clinic, designed and being delivered by
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Perron sells Welshpool investment
Perron Group has sold a Welshpool industrial investment to an owner occupier. The 1.12 hectare property with 4099 square metres
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Quadrant seeds fund with Midland office
Quadrant Investments will seed a fund – QI Diversified Income Trust No 1 – with a Midland office acquired for
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Elanor acquires another Perth healthcare investment
Elanor Investors Group (ENN) has paid Mair Property Funds $12 million for an Ellenbrook healthcare asset. The Broadway Medical Centre
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Four more childcare centres deal at sub-5pc yield
A month since Cushman & Wakefield sold a childcare centre for a price reflecting a milestone sub-five per cent yield,
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Charter Hall buys $269.4m logistics portfolio off-market
Charter Hall, for its Prime Industrial Fund (CPIF), has purchased 25 cold store and food distribution centres in an off-market
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BlackRock, Primewest spend $260m on Perth office
A BlackRock Real Assets advised fund, in a new partnership with Primewest, is paying $260 million for a Perth CBD
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Yanchep, Moranbah malls collect c$69m
Two small shopping centres – east and west of the country – have sold in deals worth a total of
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ESR spends $3.8b on Australian logistics portfolio
ESR Australia is paying $3.8 billion – the highest price outlaid in one line for a collection of Australian property
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Investors outlay $59.6m on 11 childcare centres
Investors spent $59.6 million on 11 childcare centres last week. The best performing asset in terms of yield was in
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EG Group sells nine servos
EG Group has sold nine of the 540 service stations acquired as part of a $1.725 billion deal with Woolworths
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Harvey Norman spends $28.25m on homemaker centre
Harvey Norman is paying $28.25 million for the Geraldton Homemaker Centre. The vendor, Sentinel Property Group, spent $27.3m in September,
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Geraldton shopping centre collects $10.4m
An IGA-backed retail investment 10 kilometres north of Geraldton – the town marketed as the capital of Western Australia’s Mid
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Hiap Hoe secures government to Stirling St
The Department of Communities has leased the bulk of a contemporary Perth office owned by Singapore listed Hiap Hoe. The
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Brookfield sells another Chevron HQ stake
Brookfield has sold a quarter of a 29-level office under construction in Perth. The deal with Singapore sovereign wealth fund
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Government sells health precinct site
DevelopmentWA has sold Hesperia and Birchmead Property a building block beside Murdoch’s Fiona Stanley Hospital. The 3438 square metre parcel,
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Beacon buys outlet from landlord
Mair Property Funds has sold a Beckenham bulky goods investment leased to Forty Winks and Beacon Lighting, to the latter.
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Agency sells ex-branch to developer
A heritage protected home opposite a Perth Hills Visitor Centre, in Armadale, has sold to a developer planning a childcare
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George Weston Foods pays $11.5m for Hope Valley industrial site
George Weston Foods has spent $11.5 million ex-GST on an industrial development site at Hope Valley, about 30 kilometres south
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Singapore investors trade Perth’s ex-Chevron HQ for $67.8m
Stamford Land Corporation has sold Perth’s ex-Dynon’s Plaza to Redhill Partners, which is also Singapore based. The investment contains a
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Charter Hall collects $203.75m from 10 car dealerships
Charter Hall has sold 10 car dealerships, winding down two Direct Automotive funds approaching maturity. Nine are trading off-market to
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Primewest wins M/Group management contract for Albany, Hervey Bay malls
Primewest has won an asset management contract for two M/Group shopping centres each side of the country. In Albany, 400
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Greenfields convenience, healthcare investment trades for $16m
A Greenfields essential services backed retail and healthcare investment with the potential to be sold down in parts is trading
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Primewest offers $88.3m for shopping centres at Dianella, Victoria Park
EXCLUSIVE Primewest is seeking to purchase two Perth shopping centres from Vicinity for another new trust. In the biggest deal
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GIC paying Mirvac, NRMA c$600m for 11 Travelodge hotels, brand
Singaporean sovereign wealth fund GIC, advised by Salter Brothers, is paying more than $600 million for 11 Travelodge inns including
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Elanor invests $22.9m on Rockingham medical centre
Elanor Investors Group (ENN) has spent $22.9 million on a three year old Rockingham medical centre. Two Civic Boulevard is
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