ASICS Oceania calls in local sports stars to open landmark Marsden Park HQ

Sportswear giant ASICS Oceania called in several high-profile sponsors to open its landmark Australian headquarters at Marsden Park, about 50 kilometres north west of the Sydney CBD. Rugby stars Cooper Cronk and Kurtley Beale, with tennis player Stam Stosur, netballer Caitlin Bassett, high-jumper Brandon Starc, and senior ASICS executives, unveiled the 5.7 hectare Richmond Road

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Bardot enters voluntary administration; ex-customers criticise over-priced new ranges

Women’s fashion brand Bardot, which is headquartered in a historic Abbotsford warehouse on the banks of Melbourne’s Yarra River, has entered voluntary administration. The clothes maker and retailer employs about 800 staff and trades from 72 Australian stores. Its competitors include local outfits Witchery, Sportsgirl and Country Road – as well as international brands, H&M

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Historic, high-profile Balaclava corner building sells for $7.5 million at hot auction

A high-profile, historic red brick building within Balaclava’s popular Carlisle Street retail strip sold at auction last week for $7.5 million. More than 100 attendees sweated through the event held onsite in 38 degree heat with a northerly gale. The double-storey, 515 square metre retail building with upstairs office occupies a 368 sqm Commercial 1

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Centuria pays $27.8 million for twin suburban Melbourne offices

Centuria Diversified Property Fund (CDPF) has added twin suburban Melbourne offices to its mushrooming real estate portfolio. CDPF is paying Stronghold Investment Services $27.8 million for the neighbouring buildings at 13-15 Compark Circuit in Mulgrave. The vendor paid $21.5 million for them in early 2017. Covering a site area totalling 8334 sqm, the offices contain

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Sotheby’s International Realty to spread its wings under new management in Victoria

Prestige real estate agent Rob Curtain (pictured, right) has snapped up the master franchise of the Sotheby’s International Realty business in Victoria. The deal with Geoffrey Smith and Gary Singer, the latter a former Victorian lord mayor who has operated Sotheby’s Australian art house since 2009, is speculated to be worth about $1 million. It

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Leaf Corp pays $3.4 million for strategic North Geelong block next to ex-Target HQ

Eleven months after paying Wesfarmers $10.6 million for the former Target headquarters in North Geelong – developer Leaf Corp has snapped up a neighbouring 9275 square metre block of dirt. The $3.4 million deal for 6 Thompson Road sees Leaf Corporation’s holding increase to 4.7 hectares and become L-shaped. It doesn’t give Leaf Corp a

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Charter Hall Direct PFA Fund sells Parramatta office for a headline $64.25 million

EXCLUSIVE Charter Hall’s Direct PFA Fund has sold a Parramatta office to a private investor for $64.25 million – or $62.6 million once outstanding lease incentives are deducted. The Sydney-based fund manager and developer, which has embarked on a spending spree which may be the hallmark of the commercial property sector this year – said

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Charter Hall resets leases with Coles for distribution centres in Adelaide, Perth

EXCLUSIVE In a surprise and strategic move, Charter Hall Group and Coles have extended tenancy terms for major distribution centres in Adelaide and Perth. The 15-year deals, which kick in on January 1, 2020, will see the leases for both properties expire at the same time, in December, 2034. Coles’ rental agreement at Adelaide was

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Salta, Wolf Capital, unveil 14-storey apartment tower at the top of Hoddle Street

Construction of a second major apartment building at the top of Hoddle Street could begin shortly. Joint venture partners Salta Properties and Wolf Capital this week launched a marketing campaign spruiking the proposed 14-storey Fitzroy North complex to be known as 249QP. Wulff Projects will be the development manager. With ground floor retail, the tower

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Stockland, AIMS APAC REIT, secure Optus HQ at Macquarie Park for 12 more years

EXCLUSIVE Optus has signed a 12 year lease renewal for its landmark campus-style headquarters in Sydney’s north. The landlords, ASX-listed Stockland and joint venture partner, AIMS APAC REIT (AA REIT), which is listed on the Singapore Exchange, will undertake property upgrade works, as part of the deal. The Macquarie Park campus in North Ryde, known

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