Fannie Bay Village trades for first time in generations
A local family has sold an unusual investment, the Fannie Bay Village – a row of 11 standalone buildings on
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N.T.
Trilogy buys maiden NT asset
Trilogy Funds has picked up a near new large format retail centre with turnover rent built into the lease of
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Sentinel expands Casuarina footprint with pub
Sentinel Property Group is paying $17.15 million for the Casuarina All Sports Club, or Cas Club, 11 kilometres north of
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One small step, one giant leap: MPG portfolio hits a billion
MPG Funds Management has boosted the value of its Essential Services Property Trust (MESPT) – until recently known as the
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Sam Arnaout snares Alice Springs hotels
Sam Arnaout’s Iris Capital has added five more assets to its Alice Springs portfolio. A mix of motels and pubs,
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Endeavour snaps up Darwin beach pub
The recently listed Endeavour Group has snapped up Darwin’s Beachfront Hotel. On 7000 square metres at 342 Casuarina Drive, Rapid
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Sentinel invests again in the NT
Sentinel has acquired two more top end properties. In Darwin, the fund manager is paying $7.4 million for a cold
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Darwin home to Shenannigans sells
The Darwin Transit Centre – which is part-occupied by the Shenannigans Irish pub – has sold to local business owners
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Lasseters set for $100m revamp, extension
Sam Arnaout’s Iris Capital is planning a major extension and renovation of Alice Springs’ 40 year old Lasseters complex. The
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Sentinel spends $420m on Darwin shopping centre
Sentinel is spending c$420 million on Darwin’s Casuarina Square shopping centre. The deal with GPT Group is being struck near
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Fawkner Property picks up service station portfolio
Waypoint REIT (WPR) has sold 31 service stations to Fawkner Property trusts for a total of $113.9 million. The deal
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Coolalinga shopping centre trades for c$80m
The four year old Coolalinga Central has sold for a speculated $80 million. On 7.71 hectares at 425 Stuart Highway,
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SCA spends $90.1m on shopping centres, land
SCA Property Group has purchased two shopping centres, a development site and petrol station. In the biggest deal it is
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AFL chief among buyer of 1.25m ha NT station
Jumbuck Pastoral, which holds AFL chief executive officer Gillon McLachlan as a shareholder, has purchased the 1.25 million hectare Wave
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Former Bunnings Palmerston sold, set for retrofit
Another ex-Bunnings has sold to a developer intending to retrofit it as an industrial estate. Two Palmerston Circuit, Palmerston, 20
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Charter Hall spends $319.4m for Long WALE REIT
Charter Hall has spent $309.6 million on two east coast investments for its Long WALE REIT (CLW). The trust will
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SCA pays Woolworths $33m for Darwin shopping centre
SCA Property Group has made its first Northern Territory investment, paying $33 million for the Bakewell Shopping Centre in Palmerston,
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Dowling family sells Parap Tavern after 70 years to Charter Hall’s LWIP
Charter Hall managed Long WALE Investment Partnership (LWIP) is paying $19.7 million for a Darwin hotel owned for over 70
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Langenhoven family pays $70 million from NT cattle stations Tanumbirini and Forrest Hill
The South Africa based Langenhoven family has agreed to pay UK headquartered Thames Pastoral Company $70 million for two major
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Monster truck loving sheikh sells cattle station for $10.1m
Oil industry billionaire, sheikh Hamad bid Hamdan Al Nahyah, has sold Northern Territory cattle station Idracowra to a neighbouring pastoral
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Charter Hall sells Katherine Central for $28.9 million off-market
Charter Hall has sold the Katherine Central Shopping Centre, in the Northern Territory, for $28.9 million. It was only four
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Billionaire sheikh lists 462,800 hectare Alice Springs cattle station
Billionaire sheikh, United Arab Emirates-based oil industry mogul Hamad bin Hamdan Al Nahyah, is selling the enormous Idracowra cattle station,
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Peter Garrett Defers Decision to Ban Uluru Rock Climbing
TOURISM operators in Alice Springs have been delivered good news, after Federal Environment Minister Peter Garrett deferred a decision which would have banned people from climbing Uluru, which used to be called Ayers Rock.
It’s claimed the speculated 100,000 climbers per month were littering and defecating on the rock, during the climb, which also risks eroding the 348-metre rock.
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New 97-Dwelling Housing Project for Department of Defence, Larrakeyah Barracks, Near Darwin
THE Department of Defence has approved a new 97-dwelling housing project, to be developed at the Larrakeyah Barracks.
The Rudd Government will replace 61 existing homes for the Australian Defence Force and their families.
It’s expected the project will cost about $52.4 million.
Read moreTower Planned For Car Park Next Door to Darwin’s Novotel Hotel
PLANS for a 14-level, $50 million apartment block have been earmarked for a site next door to the Novotel Hotel in Darwin.
The new tower, proposed by property developer John Halikos, will see the hotel car park converted into a building containing 21 one-bedroom apartments, 54 two-bedroom units and 36 three-bedroom units. The development would include three levels of car parking, including two built into a basement.
Hakinos paid $24 million for the 4-star Novotel hotel in September (refer previous article below).
Read moreHalikos Group Buys Darwin’s Novotel Atrium Hotel For $24 Million
DARWIN’s Novotel Atrium Hotel, at 100 The Esplanade on Darwin Harbour, has sold to private investors the Halikos Group for $24 million.
The 140-room, 4.5 star hotel was offloaded by Tourism Property Investment Group, and was sold with a 17-year management agreement to Accor, according to selling agents Colliers International.
Halikos Group managing director Shane Dignan said the purchase was “in line with a strategy to refresh the group’s property portfolio and seek prudent investments in the Northern Territory.”
Read moreRevised Plans for Darwin’s Former Commonwealth Bank Office Site
REVISED concept plans have been released for a luxury mixed use development, within the wals of the former Commonwealth Bank building
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