Titans of Manningham real estate merge
It is the end of an era in Melbourne’s middle and outer east real estate market – with the Philip
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Real Estate News
Local outbids townies for Geelong medical centre
A Geelong investor acquired a local essential services asset at auction last Friday, outbidding four Melburnians. The South Barwon Medical
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GPT banks $256.2m from Sydney, Melbourne investments
The GPT Group has sold two similarly priced east coast investments with imminent vacancy to NashCap. In Port Melbourne, the
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Sydney’s tallest office complete
Lendlease, China’s Ping An Real Estate and Japan’s Mitsubishi Estate Asia, today completed Sydney Place which – at 55 floors
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Gurner unveils wellness brand
Tim Gurner plans to roll out 10 exclusive wellness retreats – or Saint Havens – within the next four years.
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AMP, HB+B divest Chippendale office
AMP Capital and HB+B Property have divested a Chippendale office for an impressive capital gain. At 55-59 Regent Street, the
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Redhill snaps up Tenterfield motel
Redhill Hospitality has purchased the Best Western Henry Parkes Tenterfield, which will now be rebranded. On 7607 square metres at
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Occupiers spend over $18m in Truganina
Occupiers have swooped on two Truganina industrial assets. In the biggest deal, Success Logistics paid $13.5 million for a 5061
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Trilogy swoops on another regional industrial investment
Trilogy Funds, for the Industrial Property Trust (TIPT), has outlaid $16.14 million for an investment north west of Newcastle. The
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Black Caviar owner spends $130m on flagship growth corridor site
EXCLUSIVE Black Caviar owner and Victoria Racing Club board member Neil Werrett is picking up a significant Clyde North industrial
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Centuria, LOGOS commit industrial tenants to Melbourne
Seven businesses have committed to major new Melbourne warehouses including Cadbury parent Mondelez which will cross town. Six signed up
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Pallas snares waterfront Manly block
Pallas Group has snapped up a waterfront Manly site for a high-end office it will part occupy for its financing
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Beaconsfield Parade high rise development site for sale
An under-utilised block on the street with one of Melbourne’s highest land values has hit the market. Ren Court at
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Sentinel signs three Mackay industrial leases
Sentinel has secured three lease deals for warehouses developed speculatively at Paget, Mackay. At 28-34 Gateway Drive, Thiess has signed
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Leda lists ex-Johnson & Johnson HQ
Leda Holdings has listed the former Johnson & Johnson manufacturing headquarters at Caringbah, after a repositioning. The cream brick Art
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Council reaches 75pc target for housing initiative
Philanthropic arms of names familiar to the property sector – Erdi Foundation and the Hansen Little Foundation – have donated
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Ex-Club Med sold, set for six-star revamp
Developer Shaun Juniper and his wife, Samantha, have purchased Lindeman Island – in the southernmost group of Whitsundays islands –
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BDM Vircon switches South Brisbane HQ
BDM Vircon has upsized within South Brisbane. The construction modelling group will move closer to South Bank station, to AMP
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Transport group leases two CapitaLand sheds
Canberra based Tony Innaimo Transport has leased two sheds at Sydney’s west Arndell Park. Warehouses A and C, at 5-9
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Coffee tsar snares another prominent suburban corner
Coffee roaster and restaurateur Julien Moussi has picked up another ex-milk bar to occupy, this time in Melbourne’s south east
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Descon secures Hamilton development site
Descon Group has purchased a high density residential development site at Brisbane’s Hamilton – near the proposed Olympic Games Village.
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Apartment developers swoop on Stonnington blocks
Two small apartment development sites in blue ribbon Melbourne suburbs sold this month. In the biggest deal, a 1059 square
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Properties & Pathways banks $73.5m from industrial portfolio
Properties & Pathways has sold six land rich industrial investments acquired in the two years before the national lockdown. RF
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Summerset makes it seven in Australia
Summerset Group Holdings has snapped up its seventh Australian property, at Drysdale, east of Geelong, for a speculated $35 million.
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St Regis signs up for maiden Australian venue
One of the world’s most exclusive hotels, St Regis – responsible for creating the Bloody Mary – has pre-committed to
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Braeside warehouses trade with a leaseback
Food packaging manufacturer Caspak has sold its new Braeside headquarters with a five year leaseback. The two connected buildings, offered
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NRMA buys Lake St Clair resort
The NRMA is continuing to push into Tasmanian experiential tourism – also known as immersion travel – picking up Lake
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Developer, dominatrix trade historic church
Toga Group has paid $6 million for a desecrated ex-Wesleyan church opposite its proposed Surry Hills Village, in Sydney’s inner
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Woodward chooses Sydney for landmark action sports centre
Woodward will open its first action sports centre outside of North America at Castle Hill, west of Sydney. The Pennsylvania
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Chemist Warehouse owners win one, lose one in Melbourne
A consortium of Chemist Warehouse owners has snapped up another prime strip retail property – this time at Kew Junction.
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V-Leader secures another Melbourne corner
V-Leader has quietly purchased seven neighbouring buildings including the historic Continental Hotel, at the south east corner of Lonsdale and
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HealthCo seals Mater partnership, buys properties
HealthCo has formed a partnership with not-for-profit private hospital operator Mater and struck three property deals. In Brisbane, Mater has
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Sydney fund manager in talks for Forest Hill Chase
Haben and JY Group are in due diligence for Melbourne shopping centre Forest Hill Chase. The off-market deal for the
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Regional investor picks up Dandenong servo
An investor has sold a Dandenong South service station nearly three years after buying it off-the-plan. The 2973 square metre
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Salvatore Malatesta sells St Ali HQ
Salvatore Malatesta has sold the South Melbourne headquarters of his coffee roasting business, St Ali, to a women’s clothing retailer,
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Super fund offloads riverside Milton office
Industry fund BUSSQ Building Super has sold what was in 2011 its first bricks and mortar investment, a riverside Milton
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Northcote’s Ensign compound sells to developer
Citinova has quietly scooped up one of Northcote’s largest industrial properties for a medium density residential project. The Linen Services
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Aria snares South Brisbane offices for apartments
Aria Property Group has picked up two low rise, soon-to-be-vacated South Brisbane offices with plans for a high rise apartment
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Occupiers buy two more South Melbourne offices
Office occupiers have snapped up two more South Melbourne buildings to refurbish. In the biggest deal, 10-12 York Street, with
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Developer snaps up Witches in Britches
It will soon be the end of an era at one of West Melbourne’s highest profile intersections, with the Australian
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Burnham Beeches earmarked for $100m revamp
The consortium behind a new luxury hotel chain which to date has chosen landmark historic buildings as venues has turned
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Dexus banks $377m from Sydney, Brisbane investments
Dexus has sold four major east coast investments. In the biggest deal, the group is banking $118.5 million from Gateway
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Deal Corp sells down growth corridor convenience investment
Deal Corporation has sold down a new Beaconsfield convenience retail investment. Separate buyers snapped up the three assets – all
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Salvation Army to sell move-in-ready home
NB: this property sold at the November 12 auction for $1.096 million. A move-in-ready home donated to the Salvation Army
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Report reveals extent of student spending
Students living in purpose-built student accommodation (PBSA) spend almost as much per month as the average Australian, according to a
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Developer lists new Pakenham hotel
A hotel built on an estate occupied for generations by the Bourke family, which in 1875 established the Pakenham Racing
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Nelson Meers Group buys another west Sydney pub
Seven months after buying Casula’s Crossroads Hotel for nearly $160 million – an Australian record pub price – Nelson Meers
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Japanese giant snares Brisbane office
Nippon Telegraph & Telephone Corporation is believed to be paying c$300 million for a half stake in a modern Brisbane
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Former ‘Bond Tower’ trades for $340m
Lendlease and Realside are picking up one of Perth’s most prominent office skyscrapers – developed in the late 1980s by
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Developer swoops on troubled Toorak block
Landream has swooped on a part-built mansion at the corner of two blue ribbon Toorak streets with plans for a
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Melbourne investors trade major Surf Coast asset
IP Generation has flipped a Torquay commercial property for a significant capital gain after converting its chief use from industrial
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AU spends on essential services investments
Australian Unity has scooped up a swag of small essential services investments. For its Speciality Disability Accommodation Fund, the group
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Mackay distribution centre collects $35.5m from fund manager
Centuria has purchased an industrial investment with development upside at Paget, six kilometres south of Mackay. The three hectare Wesfarmers
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North East Link displaced business moves closer to town
One of over a hundred Bulleen businesses displaced when the state government compulsory acquired their places of operation for North
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Government shortlists two groups for Hunter Street offices
The state government has shortlisted two groups to develop two skyscrapers over the Hunter Street Metro. In a surprise, billionaire
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Gemba relocates to town
Gemba, with its accelerator program, Tenka, is the latest mid-size business to relocate to the CBD from the fringe. The
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CEVA to establish Queensland HQ
CEVA Logistics has pre-committed to another ESR business park, this time, Berrinba’s Gilmore Industrial Estate, 25 kilometres south of Brisbane.
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Hancock Ag spends $150m on NSW farms
Hancock Agriculture has purchased a 6856 hectare Wee Waa aggregation from the Findley family, which held for three generations. The
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Ingenia buys Cairns, Melbourne LLC sites
Ingenia Communities Group (INA) has spent $28.5 million on metropolitan Cairns and Melbourne sites with plans for major land lease
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Sirena upgrades Melbourne HQ
Sirena Tuna, owned by the Valmorbida family’s Iconic Food Distribution, has leased the penthouse office of the historic former ANZ
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Leda, Pittwater trade $95m industrial portfolio
EXCLUSIVE Pittwater Industrial has quietly picked up three Sydney assets with value-add upside from Bob Ell’s Leda Holdings. In the
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Biggest of Australia’s 12 drive-ins for sale as development site
One of three Melbourne drive-in theatres, and 12 in Australia, is for sale as an industrial development site. The Lunar,
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Black Rhino swoops on Melbourne growth corridor pub
The Tomsic-Mathieson run Black Rhino has swooped on a land rich, recently modernised historic pub in Melbourne’s Pakenham growth corridor,
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BRC snares prime Arden block for healthcare project
BRC Capital has snapped up a prominent corner site within the Arden urban renewal precinct, to develop a medical centre
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Another Melbourne investor buys Brisbane office
Yak Yong Quek’s Shakespeare Property Group is continuing a major spending spree, this time with a $66 million Brisbane CBD
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Investor buys two CBD assets in a week
Private investor Huiming Gu has purchased Melbourne’s c1922 Swanston House for $18.02 million. The seven storey 1503 square metre office
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Beulah buys warehouses for townhouses
Beulah International has acquired a heritage Brunswick industrial property with plans for 25 carbon neutral townhouses. The 3705 square metre
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Hines, Cadillac Fairview seal landmark BTR deal
Hines and Cadillac Fairview, the real estate arm of the Ontario Teachers’ Pension Fund, have formed a partnership to acquire
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Fund managers swap Brisbane CBD office
Real Asset Management has scooped up a 15 year old fully let office tower near Brisbane’s Central train station. The
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Charter Hall, FRP trade another asset
Charter Hall, on behalf of its Retail REIT, and Telstra Super, have sold Torrensville’s Brickworks Marketplace after eight years. The
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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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Magid family banks $124m from east coast assets
Robert Magid, whose late property developer father Isador in 1951 created Twisties, has sold two more major investments. In the
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Gateway WSA site hits the market
An enormous commercial development site opposite the south west boundary of the Western Sydney Airport, at Luddenham, has hit the
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Harvey Norman snaps up prominent east Brisbane site
Harvey Norman is paying a speculated $13.5 million for a prominent east Brisbane showroom/warehouse complex. The 1.59 hectare Mixed Use
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Ryman’s Mulgrave project approved
Ryman Healthcare has been given the green light to develop a $200 million retirement village on Mulgrave’s ex-c1963 St Mary’s
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Developer secures Brunswick warehouses
Wulff Projects has snapped up a central Brunswick industrial site which has in recent years been the subject of a
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Revelop spends again in west Sydney
Revelop has acquired another small west Sydney shopping centre. Smithfield Square, 25 kilometres from the CBD, is setting the group
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Mirvac appoints new CEO
Mirvac has appointed Campbell Hanan as chief executive officer. The quinquagenarian has controlled the company’s Commercial Property division and Integrated
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Receivers sell Melissa Caddick’s Dover Heights home early
Receivers have sold Melissa Caddick’s Dover Heights home three days before the close of an expressions of interest campaign. The
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Council to sell Daylesford’s The Rex
The controversial campaign to sell Daylesford’s historic The Rex cinema has kicked off. The holding comprising 47-51 Vincent Street and
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