Developer swoops on ex-Sizzler
Devcon Property Group has picked up the former Sizzler restaurant, in Maroochydore’s Cotton Tree, with plans to renovate and develop.
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Residential
Mitsubishi buys into $2b Darling Harbour project
Mitsubishi Real Estate has bought a half stake in a $2 billion apartment, office and retail complex, at Darling Harbour.
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French asset manager secures maiden Melbourne BTR complex
AXA Investment Managers Alts has bought a build to rent investment, set for a prominent inner city Melbourne corner. The
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Developer doubles down in Richmond
Kokoda Property Group’s Mark Stevens has bought a second Richmond development site in five months. The Adairs and Marmar showrooms
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Historic Loreto Primary School sold, set for repurpose
It is the end of an era in Perth’s ritzy Nedlands with the Loreto Sisters settling on the sale of
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Transport for NSW banks premium for Blacktown block
Transport for NSW is continuing to reweigh its portfolio – this time selling a Blacktown block capable of yielding an
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Pomeroy, Quattro secure luxury apartment site
Mark Pomeroy’s Pomeroy Pacific with Quattro Corp – the family office of Peter Quattro – has quietly snapped up a
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Lloyd Williams sells luxe Melbourne penthouse
Lloyd Williams has sold a sprawling Melbourne penthouse, opposite the Shrine of Remembrance and new Anzac station, three kilometres from
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Australia’s first timeshare resort sold, set for repurpose
The Cedar Lake Country Resort – Australia’s first timeshare village, developed in 1977 – has sold. The freehold going concern
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Mapletree secures site for maiden Australian student accommodation complex
Mapletree Investments has bought a permit-ready site with plans for its first Australian student accommodation complex. The 1398 square metre
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Fitzroy unit block fetches $5.35m
A Sydney investor has swooped on a block of unrenovated one-bedroom flats, in trendy Fitzroy. The $5.35 million result for
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Over 50s provider snares permit-ready block
Over 50s community provider Lincoln Place has added an Inverness asset to its book. The 31.25 hectare site, 73 Limestone
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Asset managers, developer drop $77m in south Perth
Satterley and Centuria have snapped up a Banjup site. The 7.03 hectare block on Armadale Road set the pair back
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Avid spends $114m on Huntley site
Avid Property Group – the local arm of US based Proprium Capital Partners – has paid $114.46 million for the
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Historic Surrey Hills boys home sold
Youth With a Mission Church has sold Surrey Hills’ historic Mackillop Estate – held 26 years. The 9147 square metre
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Melbourne super giant buys Curtin Exchange
A major super fund has quietly bought a $300 million student accommodation based mixed use investment within Curtin University’s Bentley
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The Block eyes Mornington Peninsula site
Producers of TV show The Block are speculated to be buying six of ten new home sites, part of a
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AFL exec lists Brisbane home
Greg Swann has listed his inner east Brisbane home after moving to Melbourne and accepting an AFL executive general manager
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Court winds up Lion, refers liquidators to police
The Supreme Court this week wound up Lion Property Group and the investment funds it managed after claims of financial
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Eureka snares another tourist park
Eureka Villages has bought another tourist park, this time at Nowra. The 2.3 hectare Coral Tree Lodge Tourist Park (pictured,
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Former Macquarie executive sells Deception Bay marina
Former Macquarie Bank vice president Andrew Hooper-Nguyen and business partner, Chris Ellis, have sold the former Spinnaker Sound Marina, near
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Bob Ell, Stockland trade $620m housing estate site
Stockland is outlaying a speculated $620 million for a major housing estate site at Kings Forest, near Tweed Heads. Billionaire
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Developer buys dilapidated home for apartment tower
The lucky owners of a rundown home – the last privately held riverfront block in South Perth’s Mendes Street precinct
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AU disposes Brisbane land
Australian Unity has sold another asset from the Healthcare Property Trust. The asset manager banked $12.5 million for the Meadowbrook
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Developer drops $93.5m for Sunshine Coast farm
It is the end of an era in Maroochydore with the bulk of an infill arm held by the Wise
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Lowe Living swoops on another site
Lowe Living has swooped on a the former Real Estate Institute of Victoria headquarters, in Camberwell. The developer is speculated
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Landmark Brighton pile sells after three years
The family of Bruce and Judith Terry have sold Brighton’s landmark unrenovated Teychel (pictured, top), nearly three years after it
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Japanese giant spends $23m for Melbourne BTR site
Osaka based Kanden Realty & Developments with Novus has snapped up a prominent corner site for a build to rent
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Cube, Eureka swoop on Queensland tourist parks
Two Queensland tourist parks sold this month to buyers planning a repurpose. In Caloundra, Cube Developments has paid $10.775 million
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Healthscope sells ex-rehab centre
A former rehabilitation centre listed by Healthscope in May – weeks before it went into receivership – has sold. Ivanhoe
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Developer buys piece of ex-Carlton & United Breweries site
SP Setia has snapped up neighbouring Carlton blocks, for years part of the ex-Carlton & United Breweries, now mostly replaced
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Developer swoops on dormant hotel
The historic but empty Kings Head Hotel, in the heart of town, has been purchased by local residential developer AA
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Time & Place doubles down in Northcote
Time & Place has settled on a major Northcote industrial investment with plans for a residential redevelopment. The 1.78 hectare
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James Packer backs another apartment project
James Packer, who since selling out of Crown Resorts in 2022 has been dabbling in, amongst other ventures, property development,
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Asset manager buys Bondi Beach shops with development plan
Initium Capital is seeking investors to buy neighbouring Bondi Beach shops covering c1800 square metres with significant medium-term development upside.
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Not for profit sells 19 aged care assets
Adelaide based not for profit ACH Group, or Aged Care & Housing, has sold 19 assets to Aspen Group. Worth
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Developer spends $55m for riverfront Melbourne site
An enormous development site abutting the Yarra River in Melbourne’s inner east, with plans for two apartment towers, has sold
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Coronation buying data centre site for apartments
Coronation Property is the second developer this week to pick up a major commercial investment with plans for apartments. The
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GemLife buys eight land lease communities
GemLife, which listed on the ASX July 3, has bought land lease community developer Aliria. The $218 million deal includes
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Co-living giant drops $32m in Sydney
The Living Company – a new Scape brand – has bought an inner south Sydney industrial amalgamation with plans for
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Nick Williams buys Melbourne shops, apartments
Nick Williams, who heads the Hudson Conway business his father, Lloyd, co-created, has snapped up a high-profile mixed-use asset at
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Developer doubles down in Mosman
Abadeen, led by ex-AFL footballer and CBRE agent, Andrew Leoncelli, has purchased another Mosman development site. The holding, neighbouring dwellings
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Brisbane town centre site fetches $31m
A major site next to the Park Ridge Town Centre, south of Brisbane, has sold for $31 million. The 21.2
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Aware, Barings boost BTR portfolio
Aware Super is teaming with Barings to buy a build to rent complex, under construction, with 366 dwellings. The deal
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Finbar to buy apartment site from JV partner
Finbar is acquiring the balance of a 1.36 hectare block abutting an apartment project it sold out. The 50 per
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Ex theological college sold for apartments
West Leederville is set for a twin tower project with a total 240 apartments following a permit-ready site sale to
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Apartments set for Gladesville shopping centre, surrounds
Third I will replace the tired Gladesville Shopping Centre and sites around it – all up 1.4 hectares – with
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Double Bay neighbours band, bank $50m from apartment developer
Business chiefs – and long time Double Bay neighbours – Alexandra Oliver and Geoffrey Kimpton have banded to sell their
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Community housing provider snares permit-ready site
ASX listed Finbar has sold a piece of The Springs estate, at Rivervale, to a community housing provider. The 3809
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Mirvac sells riverfront apartment development site
Mirvac has sold a waterfront Newstead development site off-market. The 9368 square metre holding, 47 Skyring Terrace, found favour with
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Operators trade Mornington Peninsula retirement community
IP-Living has swooped on a profitable aged care facility on 3.65 hectares on the Mornington Peninsula. Baptist Village Vaxter, with
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Not for profit sells ex-nursing home to developer
The St Vincent de Paul Society of Queensland has sold New Farm’s ex-Palm Lodge aged care home after relocating residents
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James Packer, Banco swoop on outgoing Leo’s Supermarkets
Developers have swooped on Melbourne’s two Leo’s Fine Food & Wine Supermarkets, set to close at the end of next
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Government buys 5-star hotel for social housing
The state government has quietly bought the 5-star Fraser Suites hotel which was converted to residential accommodation during COVID. The
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Deicorp spends $140m for Lindfield amalgamation
Deicorp has swooped on an amalgamation of low density homes in Sydney’s Lindfield with plans for apartments. In the unusual
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Woolworths secures mixed-use Canberra site
The Suburban Land Agency has awarded Woolworths’ development arm, Fabcot, the tender to develop a mixed-use complex within the master-planned
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Operators trade Upper Hunter holiday park
The freehold going concern of an Upper Hunter holiday park – in recent years mainly used for worker accommodation to
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Developer swoops on ex-Victoria Police building
Centurion has swooped on an under-utilised Melbourne CBD office – the 1960s ex-Victorian Police Association headquarters – with plans for
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Apartment developer buys prominent Melbourne factory
It is the end of a 104 year era in Melbourne industrial circles, with Cedar Woods snapping up the spectacularly
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Government sells Sydney site
Transport for NSW has sold a development site in Sydney’s south. The state government will bank $1.9 million following an
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Salta boosts development pipeline $900m
Salta has boosted its Melbourne development pipeline to the tune of $900 million, this month winning approval to build three
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Developers move on two sites created by level crossing removal
Two thin rectangle sites recently created from level crossing removals in Melbourne’s south east are set to be developed. In
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Average Australian house pips $1m for the first time
Australia’s mean house price – not to be confused with the less statistically reliable median used in most real estate
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Blackstone finally moves One Barangaroo penthouse
Blackstone is understood to be selling the One Barangaroo Crown Residences penthouse inherited with its $8.9 billion buy-out of Crown
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Dean Montgomery offers historic homestead after major renovation
Developer and property investor Dean Montgomery has listed the historic St Albans Stud after 15 years and a major renovation.
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Local developer secures another Barwon River site
Local developer Cam Hamilton has picked up another historic factory on the banks of the Barwon River in Newtown. The
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Footballer turned developer drops $250m for kale farm
Footballer turned developer Fraser Brown has snapped up a major farm quickly being encroached upon by housing estates, in Melbourne’s
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Metrics secures another apartment site
Metrics Credit Partners has bought another high density residential site, this time partnering with Odus. The pair are paying Melbourne
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ASX-listed giant buys tourist park for growing sector
The country’s largest provider of affordable seniors housing is continuing to push into the all-age rental community sector, with a
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Jack Merlo sells unrenovated Toorak pile
Jack Merlo has sold another Toorak pile, this one unexpectedly. The $14.9 million result for 11 Robertson Street is a
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Not for profit sells outgoing aged care home
Brisbane Water Legacy, more recently known as Central Coast NSW Legacy, has sold a c1964 retirement village at Gosford. The
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Lutheran Homes buy first assets outside SA
The Lutheran Church of Australia’s Victorian division has sold two retirement living community and aged care homes to Adelaide based
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AirTrunk founder buys luxury apartment site
AirTrunk founder Robin Khuda, who last year banked $670 million following the $24 billion sale of the data centre business
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Developers swap high profile north Brisbane ex-church
A Brisbane site until COVID owned by New Covenant Pentecostal Church has traded between local developers – but seeking different
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Country council readies to sell eight sites
The City of Greater Bendigo is readying to sell eight sites deemed surplus to needs. The portfolio includes former tennis
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Developer swoops on Melton farm
An established developer has snapped up a low density housing estate site at Deanside, one of 11 suburbs created by
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Mackay assets fetch $51.5m
Two major Mackay properties – one residential, the other industrial – traded for a total $51.5 million this month. In
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Bill McNee lists swank $30m Melbourne home
Property developer and investor Bill McNee is quietly upgrading from his $30 million South Yarra mansion. The executive is believed
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Andrew and Nicola Forrest permitted to replace Perth mall
The Fiveight investment vehicle co-owned by Andrew and Nicola Forrest has won approval to replace the site of Perth’s ex-Carillon
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Control of AV Jennings to change again
Legal & General has bought a 75 per cent interest in real estate investor Proprium, which in Australia controls Avid,
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