Amazon spends big for ex-Harness Racing Victoria site
EXCLUSIVE Amazon Corporate Services has paid $60.5 million – 150 per cent more than what the vendor paid two years
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Melbourne industrial site fetches $62m from JV
Eildon Capital Group, in a joint venture, has snapped up a major industrial development site in the outer south east
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Coles offloads near-new Perth mall
Coles has sold another neighbourhood shopping centre with a part leaseback, this time in Perth’s Brabham. The result for Whiteman
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Wyndham council buys, lists historic Werribee buildings
Wyndham City Council has bought a historic Werribee theatre for community use and listed for sale a pub investment around
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JR Group seals major suburb lease deal
James Richardson Group – which this month listed for sale its unique Abbotsford headquarters, an ex-cordial factory, after five decades
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Telco lists priciest suburban exchanges
Telstra has listed two of the priciest exchanges in its suburban Sydney portfolio – combined, sources say, worth well over
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Global fund managers swoop on $62m Sydney logistics site
An alliance comprising Switzerland based Partners Group and the United State’s Realterm has purchased its maiden Australian property – a
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Hitachi doubles down in south Perth
Hitachi Construction Machinery Australia will expand its Western Australian operation, buying a 5.2 hectare block next to a $60 million
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MA Financial seeds fund with $96m Melbourne hotel
MA Financial has snapped up the six year old Four Points by Sheraton Melbourne, in Docklands, to seed the Accommodation
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Future of Balwyn’s The Connault revealed after record sale
Landmark Balwyn estate The Connault has sold for $14.85 million – smashing the suburb’s residential record by nearly $5m. Kemaris
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Lithium boss drops another $40m in Toorak
Six months after paying Barbara Walker $61 million for the Toorak mansion, Huntingfield, she built with late husband, Ron, then
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Buyers spend $55m on south east Melbourne industrial
Two more major south east Melbourne industrial properties have traded. In Dandenong South, fencing giant Whites Group has paid $31.5
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Volvo on the out as occupier buys dealership
A Brisbane investor has reaped a 25 per cent capital gain in five years from a Gold Coast truck dealership
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Tigers CEO lists $6m-plus Melbourne pad
Richmond Football Club chief executive officer Brendon Gale and his wife, Jane, have listed their bayside family home. The 107
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Chemist Warehouse owners buy into ritzy Melbourne strip
Executives behind Chemist Warehouse have paid nearly $10 million for a row of three shops with significant development upside in
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French school buys piece of ex-Melbourne cinema
After selling its St Kilda base of nearly 20 years, Alliance Francaise de Melbourne has snapped up a replacement in
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Gurner signs prominent chef to Collingwood
Gurner Group has signed Indian chef Jessi Singh to the ground floor of Collingwood’s E.S Smith apartment complex, due for
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Office vacancy up as supply outstrips demand again
It is still a tenant’s market with vacancy up in almost all major city, fringe and suburban office regions, according
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Growthpoint reaps windfall from south Sydney office
Growthpoint has divested a south Sydney office acquired when it took over Fortius Funds Management’s near $2 billion portfolio platform
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Lendlease sells Darling Square retail component
Lendlease has sold a retail component of Haymarket’s $3.4 billion Darling Square. The fully occupied leasehold asset – 44 tenancies
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Australian Unity collects c$65m from medical centres
Australian Unity has sold two modern essential services assets held by the $3.8 billion Healthcare Property Trust. In the most
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Freight giant pays $25m for Melbourne shed
The local arm of Germany based transport and logistics giant a.hartrodt has picked up a modern north Melbourne office/warehouse for
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Mintus snares another mall
Mel Hazzouri’s Mintus has bought west Sydney’s Ashfield Mall ending 27 years of ownership for one of its vendors, Abacus
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NRL scores another hotel
The Australian Rugby League Commission has bought its third hotel in 18 months – this time on the Sunshine Coast.
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Assembly, Cadence bank premium from Melbourne industrial portfolio
Assembly Funds Management and Cadence Property Group have quietly sold three Dandenong South industrial investments acquired in the six months
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South Brisbane office returns another fund manager a windfall
Barwon Investment Partners has quietly sold an under-utilised South Brisbane office for a nine per cent premium on its outlay
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Owies family score record price for boat shed
The family of Carlton footballer Matthew Owies banked $55,000 over reserve for an 18.6 square metre boat shed held for
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Coles digs deep for growth corridor site
EXCLUSIVE Coles Group Property Developments has quietly snapped up a major west Melbourne site zoned in two parts: Town Centre
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Party supplies giant rents ex-Woolworths distribution centre
London stock exchange listed IG Design Group, holding the local licence to sell, amongst other brands, Barbie, Disney, Marvel, Thomas
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Equinox lists Bass Coast, Yarra Valley land lease communities
Two relatively small investment grade land lease communities just outside Melbourne’s outskirts have been listed. At Grantville and Healesville, the
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Vale Lang Walker
Sydney developer Lang Walker died last night, aged 78. The philanthropist, with a net worth of c$4 billion according to
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OAM for bulky goods veteran
Ian Robinson – who from 1975 grew a Beacon Lighting outlet in Prahran to a national network with over 125
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Charter Hall banks premium for Vic, SA malls
Charter Hall has quietly sold two shopping centres after 10 years. In the biggest deal, the manager, on behalf of
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Haben buys balance of Queensland shopping centre
Harold and Ben Finger’s Haben has quietly snapped up the half-stake interest it didn’t control in Stockland Townsville. Also including
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Developer doubles size of South Melbourne site
Tim Price is paying a speculated $15 million to extend a development site at the South Melbourne/Southbank border acquired three
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Dick Smith sells underutilised Sydney office
Businessman and philanthropist Dick Smith, via his eponymous investment house, has sold a Mascot office with significant development upside. The
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New Fishermans Bend supermarket trades for $17.5m
Andrew Rettig’s R.Corporation has sold a strata titled supermarket on the ground and mezzanine floor of the conspicuous R.Iconic, in
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Rebel chooses Melbourne for biggest store
Rebel Sport has opened its biggest store – spreading 3600 square metres over two floors with a basketball court –
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Fund manager swoops on Melbourne Aldi
MPG Funds Management has snapped up its second investment in a week – a near new Aldi, on the ground
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Strata offices coming to prominent South Melbourne corner
The strata office component of the proposed mixed use Emerald Place project at the high profile corner of Clarendon and
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Vella family leases showroom on ex-Aldi site
The Vella family has leased a new Mildura showroom for its 27th 4WD Supacentre. Established in Sydney 11 years ago
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Fund manager buys government backed strata office
MPG Funds Management has bought a strata office investment in a mixed use, predominantly specialist disability accommodation complex, in Melbourne’s
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Charter Hall doubles money on Catch warehouse
Barings and Rest have seeded an industrial fund with a two-building Truganina investment part occupied by Wesfarmers backed online retailer
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Ange Postecoglou’s ex-Melbourne house for lease fully furnished
EXCLUSIVE A chance to somewhat live the life of Ange Postecoglou has presented with the investor who just bought the
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Cabrini arm consolidates Melbourne accommodation
EXCLUSIVE Cabrini Healthcare, which has a significant technology arm behind several brands, will consolidate its Assistive Living Technologies & Equipment
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Melbourne pipe plant fetches $48m from developer
EXCLUSIVE A land rich pipe manufacturing plant and distribution centre in Melbourne’s north has sold for $48.25 million to Charlie
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Government sells prime Canberra site…again
Three months after shelving Walker Corporation as preferred developer to replace a prime Canberra site with an office, the ACT
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M&G banks $107m from Sydney warehouses
M&G Real Estate has quietly sold a major west Sydney industrial investment for $107 million – more than twice what
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Melbourne bulky goods complex fetches $67.5m
HMC Capital has sold a HomeCo complex in Melbourne’s east ahead of settling on a pricier retail investment, north west
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Malaysian investors snare Surf Coast mall
Chris Lock has sold Torquay Village after two and a half years for a $10 million premium. The buyer, a
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Garda sells final Melbourne office
Garda Property Group has sold its last Melbourne office as it seeks to become an industrial focused landlord. The ASX-listed
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Amart founder buys townhouse site
Unison Projects, owned by Amart Furniture founder John Van Lieshout, has picked up a Gold Coast residential development site for
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Adelaide council rents out newly acquired site
Maverick Campers and Caravans has leased a former car yard just acquired by the City of Prospect for $8.3 million.
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Ex-Sizzler set for Chinese aged care complex
The former Bupa Donvale in Melbourne’s east will reopen as a Chinese culture focused aged care facility after being snapped
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Irongate seeds fund with Sydney business park
Irongate has picked up a land rich business park west of Sydney to seed a fund backed by Johannesburg listed
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Skyscraper permitted for Hotel Lindrum airspace
Time & Place has been given the green light to develop a $200 million skyscraper incorporating the c1900 Lindrum Hotel
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Investor multiplies return from inner Brisbane car yard
An investor who last year bought a Newstead car yard facing imminent vacancy has re-leased it following a refurbishment for
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Short family sells South West Rocks pub
Paul Hunter has added to his book of regional pubs, snapping up South West Rocks’ Seabreeze Hotel from the Short
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Redcape divests three more pubs
MA Financial managed Redcape has sold three more hotels, realising a total of over $86 million. In the priciest deal,
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Larry Kestelman to shift National Basketball League HQ
Larry Kestleman will relocate three enterprises including the National Basketball League to a set of offices divided by a public
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Gina Rinehart picks up another CBD office
Gina Rinehart has quietly added to her significant property portfolio with an Eagle Street office down the road from another
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Another trophy Harry Norris hits the market in Melbourne
For the third time in two years, a striking Harry Norris building in Melbourne’s CBD has hit the market. The
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Interstate childcare operator expands in Melbourne
Bright Steps Early Learning has pre-committed to a double storey complex set to replace a dwelling opposite Greensborough station. The
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Angliss family sell $80m Victorian estate to Chinese
It is the end of an era in Victorian farming circles with the Angliss family selling the historic Greystones after
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Syndicate snares farm abutting Western Sydney International
A gateway industrial development site at the south west tip of the Western Sydney International Airport, which is under construction,
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Bob Ell banks major windfall from Sydney business park
Bob Ell has sold a North Rocks business park after two and a half years. The 4.68 hectare property at
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Luxury fashion house fills Sydney office
Brookfield Properties and the Investa Gateway Offices fund have filled Sydney’s 28 storey 388 George Street following four office lease
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Prime 12 Apostles site sold for resort
After obtaining a permit for a luxury hot springs resort, developers Don Musto, Dug Pomeroy and Peter Quattro have sold
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Hong Kong family spends $109m on Sydney hotels
CapitaLand Ascott Trust has sold hotels in Sydney’s North Ryde and Parramatta. The $109 million deal to the Hong Kong
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Council buys former Jeep dealership
The City of Prospect has outbid apartment and office developers for a former Jeep car yard. The 5552 square metre
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Southern Highlands Aldi fetches $12.35m
A five year old Aldi in central Moss Vale sold between private investors last week. The $12.35 million result for
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Alleged mushroom cook murderer puts house up for auction
Postscript: this home sold the Wednesday before auction for $1.025 million. Erin Patterson listed a Mount Waverley unit a week
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Bill McNee to sell high profile Melbourne corner
Bill McNee has listed a double storey investment with development upside at arguably suburban Melbourne’s highest profile intersection. Occupied since
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Rolex lists boutique Melbourne office
Rolex is selling a piece of a warehouse converted strata office in Melbourne’s east end. The fashion house should expect
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Australian Unity divests Melbourne distribution centre
Australian Unity is continuing to reweigh its portfolio, selling a securely leased Derrimut distribution centre for $18.5 million, an impressive
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Engineering firm upgrades to ex-Telstra HQ
Quintessential has secured another tenant for the CBD’s former Telstra House, which it bought a year ago and is now
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RAM offloads three small shopping centres
Real Asset Management has divested three small suburban Brisbane shopping centres at or above book value to separate private investors.
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Fund managers swoop on Bundaberg shopping centre
QIC has sold Bundaberg’s Hinkler Central for $107 million – a modest paper loss on the $110m it paid eight
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NZ fund manager sells down Bondi Beach arcade for a premium
Ben Cook is the latest investor to profit from selling down an inner-city retail investment. The New Zealander’s Cook Property
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London listed IT giant leases ex-NAB HQ
London Stock Exchange listed IT provider Seeing Machines has leased part of the historic ex-National Australia Bank building for its
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