Nationwide Towing & Transport founders sell four industrial investments with a leaseback

The founders of Nationwide Towing & Transport have sold four industrial investments with a leaseback for a speculated total price of more than $14 million. The same vendors separately offloaded Collingwood’s Melbourne Impound Yard to RACV – which in 2017 acquired a 51 per cent stake of the tow business now under the Nationwide Group

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Marriott to open five star Westin resort at Margaret River’s Gnarabup Beach

Marriott International has signed a hotel management agreement with joint venture development partners Saracen Properties and Security Capital Australia for a five star resort on the southern headland of Gnarabup Beach. Westin Margaret River Resort and Spa, as it will be branded when it opens in 2023, will contain 120 rooms, three restaurants and 400

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Property Council of Australia 1H20 Office Market Report shows vacancy in Sydney, Melbourne, still tight

The Property Council of Australia released its twice annual Office Market Report today. The national stock comparison showed vacancy in Adelaide and Perth improved since the 2H19 (known in industry circles as ‘the July’) OMR. Melbourne’s CBD had he highest occupancy rate of any capital – at 96.8 per cent. The PCA said more than

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Australasian Property Investments pays $20 million for landmark Henderson industrial site

An institutional grade industrial investment in Perth’s south has sold for $20 million. The state of the art complex on an 8.4 hectare island site at 150 Quill Road, Henderson, was developed by Matrix Composites and Engineering to occupy, 10 years ago. Matrix offered the holding with a 20-year leaseback. Part of one of the

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