McConnell Dowell sells Laverton North factory with a leaseback for $7.35 million

Infrastructure construction giant McConnell Dowell – a subsidiary of Aveng, which is listed on the Johannesburg Stock Exchange – has banked $7.35 million selling a factory in Melbourne’s west. At 13-15 Cherry Lane, Laverton North, the 1.42 hectare site with a 2570 square metre 11-year old warehouse, was offered with a leaseback until 2030. Based

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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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Government temporarily bans public auctions and inspections, part of updated social distancing measures

Public auctions and inspections will be temporarily banned following a national cabinet decision earlier tonight. Service based retailers including beauty therapists, nail salons and tattoo parlours will also be forced to cease trading when social distancing measures come into effect at midnight, Wednesday March 25. Hairdressers can continue to operate provided clients stay a maximum

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Dulwich Hill KFC sells following auction integrating private online bidding

A fast food investment in Sydney’s Dulwich Hill sold on a low 3.17 per cent yield following an auction integrating private online bidding. Cushman & Wakefield marketing agent Yosh Mendis said the virtual public sale of 498-500 New Canterbury Road “confirmed that investors have been quick to embrace new technologies and adapt to realities of

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Pace Development Group sells strata retail investment in Abbotsford’s St Crispin House

Pace Development Group has sold a strata retail investment on the ground floor of its recently completed St Crispin apartment complex in Abbotsford. The 250 square metre space, 249 Johnston Street, traded for $2.11 million to a South Australian. Leased to bottle shop Blackhearts and Sparrows for 10 years with fixed annual rises, the result

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Michael Hill closes 304 stores, lets go of 1600 Australian staff, because of coronavirus

Citing the difficulty operating its business given social distancing rules, Michael Hill has shut its global network of 304 jewellers indefinitely and let go of 1600 Australian staff. In an Australian Stock Exchange statement, the Brisbane based company said sales have recently been plummeting. The retailer hasn’t traded since last week in Canada – where

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Konfir Kabo banks $6 million-plus selling Gisborne service station after three hours

Three hours was what it took to seal a $6 million-plus deal for a service station in Melbourne’s north-west Gisborne. Property investor, lawyer Konfir Kabo, offered 23 Robertson Street in mid February. Quinn Reynolds’ Marcus Quinn and Lincoln Reynolds, with Appel Property’s Ben Appel as transaction manager, closed a deadline private sale campaign last Friday.

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