Argo calls in premium architect for South Melbourne offices
High end developer Argo has swooped on neighbouring South Melbourne blocks with plans for two mid-rise offices. The 1380 square
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Sectors
Event sells Rydges North Sydney
Event Hospitality & Entertainment has offloaded the Rydges North Sydney as part of a $250 million asset disposal program announced
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Vantage buys Hawthorn East office off-the-plan
Vantage Property Investments has invested again in Melbourne’s east, picking up a 12 level office, off-the-plan (artist’s impression, right), from
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Valeo motors into ex-South Melbourne car yard
Local developer Valeo has swooped on a compact South Melbourne car yard offered permit-ready for a seven storey commercial and
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Centuria snares hospital site, mall
Centuria has snapped up two assets on behalf of institutional partnerships. In west Newcastle, the manager is paying Woolworths’ construction
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End of an era as developer secures Mercedes Toorak dealership
Orchard Piper is picking up the Mercedes Toorak dealership as a development play. The deal with the family of late
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Hills council outlays $105m for shopping centre
In a tactical play, the Hills Shire has purchased north west Sydney’s Castle Mall for $105 million. The buyer owns
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RF Corval boosts industrial infill trust
RF Corval has purchased two neighbouring Wacol investments for its Industrial Infill trust. On similar sized plots, creating an amalgamated
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Engineering school spends $6.5m in West Perth
The Engineering Institute of Technology has forked out $6.475 million for neighbouring West Perth offices. The three storey building at
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Rob Sinclair beats developers to Abbotsford amalgamation
E&S Trading co-owner Rob Sinclair snapped up neighbouring Abbotsford properties on Wednesday for $6.9 million. In the biggest deal, the
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Longriver offloads vertical retail site
Longriver Group has sold the city’s Wilder House after winning approval to replace the 280 square metre block with a
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Owners inject $30m to rest Metricon viability speculation
For the second time in as many weeks, Metricon is hosing down speculation the suicide of co-founder Mario Biasin is
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Brighton shops sold as part of agent estate
A portfolio of Bay Street, Brighton, shops accrued by late local real estate agent Tom Chapman, sold this week for
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Glenn Piper snares Hook Island Lodge
Glenn Piper has snapped up the leasehold to the cyclone-damaged Hook Island Lodge, once part owned by Melbourne developer and
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Former CUB exec swoops on Redbank pub
Recently retired Carlton & United Breweries chief executive officer Peter Filipovic with Ryan’s Hotel Group founder Patrick Ryan, have formed
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HThree investing again on Collins Street: sources
Eight months after making its maiden Australian investment – a mid-rise office on Melbourne’s Collins Street – HThree City is
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Elanor lines up c$530m Perth mall
Elanor Investors Group (ENN) is in advanced negotiations for north east Perth’s Midland Gate. The speculated $530 million deal with
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Church makes tactical $55m Central Coast warehouse play
The Seventh-Day Adventist Church has outlaid $55 million for a 6.5 hectare Central Coast industrial asset behind the manufacturing plant
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Boeing leases a third of Brisbane office
Boeing has pre-committed to a Brisbane office being renovated by Dexus. The aviation group has signed up for 12,000 square
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Gurner rents Sydney office from Roxy Jacenko
Following the purchase of sites at Alexandria and Parramatta, Tim Gurner (pictured, top) will open a Sydney base for his
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VCAT approves $500m Northcote Plaza development
The Victorian Civil and Administrative Tribunal has given Time & Place the green light to replace part of the Northcote
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Cromwell sells Brisbane HQ to Melbourne fund manager
Cromwell has sold a modernised Brisbane office for $108.5 million – an 8.1 per cent premium after adjustments to its
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Metals giant outlays $88m in Pinkenba
Sentinel Property Group has banked $88 million – a significant capital gain on the $48.5m it outlaid in October, 2017
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Merivale spends c$200m on adjoining Sydney buildings
Justin Hemmes’ Merivale is picking up four adjoining historic Sydney CBD buildings from Kirk Tsihlis’ TrueGreen Group, which spent two
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Ryman scoops inner-north block for $350m mixed-use village
Ryman Healthcare will develop its biggest Australian project yet on an inner north Melbourne site (shaded red, top) purchased for
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Amber snares Abbotsford, Geelong hotel sites
Amber Property Group, a hotel developer backed by former Holden dealer Geoff Brady, has snared two more Victorian sites for
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Carsales founders bank $60.25m from office
A syndicate including carsales.com.au founders Greg Roebuck and Wal Pisciotta has sold a Mount Waverley office to the $6.7 billion
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Dustin Martin, Ralph Carr buy, lease in Richmond
AFL footballer Dustin Martin and his manager, Ralph Carr, have added a sixth adjoining Butler Street, Richmond, property to their
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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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Metricon slams collapse rumours, asserts growth
Speculative media reports linking the suicide of Metricon co-founder Mario Biasin to a potential company collapse have forced acting managing
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Row of Williamstown banks collects c$13m
A row of three Williamstown banks has sold for a speculated c$13 million, which would reflect a 3.5 per cent
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Natgen seeds fund with Inverell mall
Brisbane based fund manager National & General Group, or Natgen, will seed its first interstate trust with a regional New
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Hines picks up third Australian BTR block
Hines has acquired its priciest Australian Build to Rent site yet, at South Melbourne. The 3366 square metre parcel covering
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Little Collins Street Deco fetches $8.45m
Lawyer Peter Vodicka has sold a small Little Collins Street investment held for 26 years. Restaurateur George Skyiotis – a
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Barwon secures Princess Alexandra Hospital car park
Barwon Investment Partners, as manager for the Healthcare Property Fund, has snapped up a multi-level car park and medical centre
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Hawks, Feldman bank record $85m for hotel
Bill and Mario Gravanis are paying $85 million for Caroline Springs’ WestWaters Hotel & Entertainment Complex. The lakeside asset is
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Stockland buys into Curlewis
Stockland has invested again around Geelong, picking up a Curlewis farm with plans for a Land Lease Community and traditional
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Royal Freemasons sell Armstrong Creek site
Royal Freemasons Homes of Victoria has sold a prominent Armstrong Creek site held for five years. At 45-67 Central Boulevard,
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Goodman secures another Alexandria site
Goodman Group has purchased another Alexandria bulky goods complex from Greg Karedis and Peter Cortis-Jones’ Arkadia. The 3.438 hectare Alexandria
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Sentinel spends $20.9m for maiden SA asset
Sentinel Property Group is paying $20.9 million for its maiden South Australian investment – the five level office component of
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Ex-rugby player shares in $10m pub spoil
Co-host of SEN Sydney’s Drive show, former rugby player, Bryan Fletcher, is part of a syndicate banking c$10 million from
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Feros swoops on Wagga Wagga pub
The Feros Group is outlaying close to $10 million for the Red Steer Hotel Motel, five kilometres north of Wagga
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Offshore developer acquires Junction Village block
An offshore developer has snapped up a permit-ready low density housing site at burgeoning Junction Village. Known as 41S Craig
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Health giant leases ex-Bauer HQ
Monash Health has leased the 2000 square metre Oakleigh office occupied for most of the last three decades as Bauer
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ISPT digs deep for another Sunshine Coast mall
ISPT has acquired another mid-size Sunshine Coast shopping centre, this time for $30.5 million. The fully leased Caloundra Village, 20
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Mirvac swoops on lakeside Melbourne block
One of two undeveloped Queens Road sites – dubbed by agents as the street’s “missing teeth” – has sold for
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MAB snares 45ha Melbourne employment site
MAB Corporation has snapped up three adjoining Thompsons Road, Cranbourne East, sites with plans for a $400 million logistics park.
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Redcape divests Cremorne hotel for $39m
MA Financial backed Redcape has sold Cremorne’s Minskys Hotel after two decades. The freehold going concern for the asset, which
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Woolworths lists NSW South Coast asset
Woolworths has listed another near-new mall it anchors, this time on the NSW South Coast. The Bomaderry Shopping Centre, on
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Sydney hotel sells for record $530m
The recently refurbished Hilton Sydney has sold for c$530 million, a record price for an Australian hotel. Baring Private Equity
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Gravanis brothers buying Casino Canberra
Aquis Entertainment has entered an agreement to sell Casino Canberra to Bill and Mario Gravanis’ Oscars Hotels. The $52 million
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Sentinel lines up another Mackay asset
Warren Ebert’s Sentinel Property Group has entered negotiations for the Caneland Central shopping centre, in Mackay. Worth a speculated $280
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Ausgrid reaps $180m from inner south Sydney block
Ausgrid has sold a 2.86 hectare Zetland site to Deicorp which is planning a mixed use but predominantly residential development.
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Charter Hall expands Minto holding again
Charter Hall, on behalf of the Prime Industrial Fund, has quietly purchased another holding on Minto’s Airds Road. The 1.34
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Kumho doubles down in Sydney
Kumho Tyres will more than double the size of its Sydney distribution centre and storage facility, with the pre-commitment of
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HMC sells HomeCo Knoxfield
HMC Capital, the new name for HomeCo, has sold a Masters-converted large format retail investment at Melbourne’s east Knoxfield for
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Dexus offloads old servos to fund new ones
Dexus, as manager for the Convenience Retail REIT (DXC), has sold two older style Queensland service stations with plans to
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Developers snap up Mornington Village Shopping Centre
Angelo Property Group and Rathstation Group will team for another development after snapping up the Mornington Village Shopping Centre. The
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Education groups buy, rent Melbourne offices
Education groups have committed to two Melbourne office spaces. At South Morang, the Insight Institute of Further Studies has leased
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Cashed up exec snares historic Tarana Hotel
Businessman Byram Johnston and his wife, Deborah, are paying a speculated $5 million for the freehold going concern of the
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BFX spends again in Melbourne’s east
BaiFuXin Family Office (BFX) has picked up another east Melbourne development site. At 812-816 Glenferrie Road, Hawthorn, with a 14
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Nolan consolidates to Dandenong South HQ
Nolan Group will consolidate several south east locations, including its Dingley Village headquarters, to a Dandenong South office/warehouse (artist’s impression,
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Grollo family sell another suburban Melbourne office
The Grollo family has offloaded another trophy Melbourne investment as part of plans to meet Grocon debt repayment requirements. The
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Melbourne investor buying Gold Coast’s Palazzo Versace
Shakespeare Property Group, which with a sister company, Prime Value Asset Management, is led by Melbourne based investor Yak Yong
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AU divest another Parramatta office
Australian Unity has sold a Parramatta office for $87.25 million – a 4.5 per cent premium on its December, 2021,
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La Trobe chooses partner for $5b university development
La Trobe University has chosen Plenary – a partner it has worked with before – to deliver mixed-use product and
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Regional Victorian Bunnings fetches $18m
A Bunnings investment at Swan Hill, near the New South Wales border, has sold for just over $18 million reflecting
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Petrol tsar spends c$135m on Adelaide mall
Melbourne investor Nick Andrianakos is paying over $135 million for a half stake of the Colonnades – the country’s fourth
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Harmony lists Treasury Gardens office
Harmony Property Investments has listed an East Melbourne office opposite Treasury Gardens. The Adelaide fund manager can expect more than
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Brite, Quintessential divest Canberra offices
In its maiden Canberra purchase, Hunter Investment Corporation is paying c$30 million for Phillip’s Lovett Tower. The deal reflects a
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Green light for Sam Arnaout’s maiden Queensland project
The City of Gold Coast has given Sam Arnaout’s Iris Capital the green light to replace Broadbeach’s Niecon Plaza with
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Hutchinson awarded ex-Probuild contract, Brisbane
Cbus Property has appointed Hutchinson Builders to complete Brisbane’s first subtropical themed apartment towers, at 443 Queen Street. The local
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Newcastle hotel trades for record price
Glenn Piper, with a small syndicate of investors, has snapped up the Art Deco Merewether Beach Hotel for a speculated
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Grollo family quietly offloads long-time HQ
The Grollo family is continuing to downsize its income-generating real estate portfolio, this time selling its long-time former Preston headquarters
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Pendle Hill pub sells for the first time
The Pendle Inn Hotel, in Sydney’s west, has changed hands for the first time since it was developed in the
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Endeavour, Warakirri acquire Tasmanian vineyard, business
The recently listed Endeavour Group has teamed with Warakirri Asset Management to acquire the real estate and business of Tasmanian
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Forrests buy Perth mall with redevelopment plan
Andrew and Nicola Forrest’s Fiveight – a property investment arm of the pair’s Tattarang – has picked up Perth’s Carillon
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Burson leases Preston showroom
Burson Auto Parts has leased a modern Preston office/industrial building for a store. The Bapcor brand is paying starting annual
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Blackstone, Brookfield bank $2.1b from Melbourne offices
Charter Hall and Singapore sovereign wealth fund GIC are paying a speculated $2.1 billion – reflecting a bullish c4.5 per
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Government buys West End site for Olympic broadcast centre
The state government has snapped up a prominent waterfront West End industrial site with plans to convert it to the
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