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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Newmark sheds land beside Warrnambool mall
Newmark Capital has sold two blocks on the eastern side of the Gateway Plaza at Warrnambool, which it bought three
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Leyton quietly lines up Woolworths HQ
EXCLUSIVE Leyton Funds has struck an off-market deal for Woolworths’ Queensland headquarters. The nine year old office, 21 Brandl Street,
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Elanor suffers hit on 5-star hotel sale
Elanor Investors Group has shed another asset from its Hotel Accommodation Fund, which failed to sell as a portfolio last
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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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Centuria well in the black following fund sell down
Centuria has sold the third and final property from a fund set up nine years ago with offices in South
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Auto accessories giant leases another Melbourne warehouse
Automotive parts, accessories and equipment distributor GPC Asia Pacific has leased a new office/warehouse for the Auto Parts Group business
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Coles picks up growth corridor town centre site
Coles Group has snapped up a permit-ready town centre site in Melbourne’s south east. In a deal worth just under
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South Coast mall fetches $10m
A small but popular shopping centre at St Georges Basin on the NSW South Coast has traded between private investors
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Singapore giant eyes another Sydney school
Winten Property Group is understood to be selling an office turned university, to Keppel’s Education Asset Fund. The deal for
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Cromwell retains another government occupier at Docklands
Cromwell has retained another major occupier at 700 Collins Street – Docklands’ first office. The federal government’s Bureau of Meteorology
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CircusWA, Fremantle Press buy substation for offices
CircusWA with Fremantle Press has acquired a former SEC substation to repurpose as headquarters. The Fremantle property, 10 Parry Street,
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Showroom asset filled after off-market deal
The local arm of Austria based power products provider and services supplier, Omicrom Electronics GmbH, has leased a Mill Park
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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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Global op-shop giant leases prominent long-vacant showroom
Chris Lock’s IP Generation – which is being purchased by MA Financial – has secured a tenant for the prominent
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Indigenous Business Australia divests FNQ mall
A Far North Queensland Coles anchored shopping centre has sold for $34 million. Indigenous Business Australia on behalf of the
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Sherbet Bomb creator shuts after 95 years, sells shop
Sherbet Bomb creator Lagoon Confectioners has shut after 95 years and sold its most recent headquarters, manufacturing plant and distribution
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Elanor fund sheds final mall
Elanor Investors Group has sold the last asset from its Property Income Fund. Shopping centre Gladstone Square, 100 kilometres north
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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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Celebrity syndicate buys Barossa Valley winery
A consortium of high-profile sports, media and business identities has quietly bought Barossa Valley’s Bethany Wines. AFL players Izak Rankine
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Gateway banks $135m from industrial portfolio
Gateway Capital has sold five east coast industrial investments – one in Melbourne, four in Brisbane – held since late
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Steven Shoobridge buys another Queensland pub
Steven Shoobridge’s Star Group has quietly bought another Queensland pub. The freehold going concern to the Parkhurst Tavern, nine kilometres
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Swank retailer leases ex-Target distribution centre
King Living is the latest group to commit to Target’s enormous former distribution centre, now a business park with eight
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Education sector groups buy, sell HQs
Kookaburra Education Resources has sold its outgoing Mayfield West headquarters. The school sector supplier – one of the country’s biggest
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Asset manager drops $15m for Melbourne warehouses
Lindum Partners, backed by Stamford Capital Investments, has acquired a 2.1 hectare industrial property in Melbourne’s east. Following an off-market
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Developer reaps $13m from servo, pet shop
Landmark Homes & Properties has sold a two year old retail investment in Adelaide’s south. The BP and Petstock on
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Leyton sheds QSR, gym investment
Leyton Property has sold a three year old quick service retail and gym investment in Perth’s south The 7-Eleven, Domino’s
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Fragrance snares another Hobart site
Fragrance Group has snapped up Hobart’s long-vacant Welcome Stranger, formerly known as the Freemasons Hotel. The Singapore-based developer is speculated
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Indian food wholesaler upsizes in Melbourne
Indian food wholesaler Chetak has signed a 15 year lease for a new base within an industrial estate replacing former
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Mildura motel sold after renovation
Carpe Diem Property has sold one of four regional hotels from a fund formed four years ago with Redhill Hospitality
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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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Sunshine Coast LFR asset sells off-market
Melbourne’s Dimmick family has nearly doubled its outlay on a Sunshine Coast large format retail investment held 15 years. The
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Asian investors trade CBD building
A small but prominent CBD property, on the corner of King Street and Flinders Lane, has traded between Asia based
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Commonwealth Bank sells eight ex-branches
The Commonwealth Bank of Australia has sold eight ex-Bankwest branches – reaping a total $6.195 million. Two of the assets
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Arcana quietly sells Redland Bay mall
Arcana Capital has sold a small but dominant Redland Bay shopping centre after eight years. The asset manager, led by
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IKEA buys store from landlord
Swedish retailer IKEA has bought its fastest growing Australian store from the landlord. The off-market $163.75 million deal for the
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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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Car park station collects $40.5m
Andrew Richardson has sold a nine level Sydney CBD car park station on his second attempt. The developer behind Sheraton
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Neighbouring city shops fetch $9.1m
Neighbouring shops at the top of town sold this month for a combined $9.1 million. The deal for 423-425 Elizabeth
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Church buys city fringe office to occupy
The Catholic Archdiocese of South Australia has snapped up a prominent inner south Adeliade office for Catholic Education South Australia.
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Jenera pre-commits to Melbourne business park
Terre Property Partners has pre-committed major machine and fabricated component manufacturer Jenera to just over half its Kilsyth Connect Business
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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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Yanchep essential services investment trades on 6.8pc yield
A gym and childcare centre investment, part of a master-planned community at Yanchep, 50 kilometres north of Perth, sold for
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Floor giant buys warehouse which was for lease
Carpet Call has bought a prominent north Adelaide warehouse recently being marketed for lease in pieces as the Inner North
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Canberra office sold off-market
A modern Canberra office carrying a 68 per cent vacancy rate has sold off-market. The six storey, 5467 square metre
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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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Hong Kong giant buying another high profile Melbourne office
Dexus is believed to be shedding another modern office. The speculated $260 million deal for Melbourne’s Flinders Gate, developed five
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JV sells first project to buy second
Centennial and MaxCap Group are using part of the sale proceeds of an east Brisbane business park – their first
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IP Generation locks Tesla, gym to Brand Smart
IP Generation, in the process of being bought by MA Financial, refit and relet of a 2500 square metre piece
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New Hoppers Crossing warehouse trades off-market
An investor has quietly purchased an office/warehouse built in place of seven small industrial units, in Melbourne’s Hoppers Crossing. The
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Asset managers trade modern suburban office
EXCLUSIVE Trilogy Funds has taken a hit selling a modern suburban Brisbane office held eight years. The three level A-grade building
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Family sells business’ Northcote HQ to industrial developer
A relatively large inner-city industrial property, held since 1988 by the Rutledge family for its Rutledge Engineering business, has sold
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Tenant pays landlord $7.3m for HQ
A sprawling two level office at 931 Kingsford Smith Drive, Eagle Farm, has traded for $7.225 million. Tangalooma Island Resort
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Green light for $2b data centre, AI factory
NextDC has won permission to replace Port Melbourne’s Westgate Park print plant – which for decades until recently produced the
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Barristers’ Chambers sells CBD office
Barristers’ Chambers Limited has sold Douglas Menzies Chambers ahead of a move to 200 Queen Street. The Victorian Bar subsidiary
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New England Pub Company snares outback hotel
Ben Ryan and Mark Neilson’s New England Pub Company has snapped up The Empire Hotel at Cobar, between Dubbo and
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QSR investment collects $11.8m
Jasbe has sold a recently constructed quick service retail investment with two small warehouses, in Melbourne’s south east. The group
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Hobart council buys office
Clarence City Council is paying $23.5 million for a Rosny Park office leased to the state government. The deal for
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Syndicates swoop on WA medical centre, QSR investment
Barwon Property Funds has sold the Vasse Medical Centre, near Busselton (pictured, top). Local syndicate Optimus Private Equity is the
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The Hour Glass sells Brisbane building
Luxury retail giant The Hour Glass has sold one of its Brisbane CBD properties. The two level, 500 square metre
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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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Monteleone family sell another piece of Donnybrook
The Monteleone family – founder of Donnybrook Farmhouse Cheesery – is realising an impressive capital gain shedding a block bought
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Near new Gold Coast warehouses fetch $49m
A three year old industrial investment with two warehouses, halfway between Surfers Paradise and Brisbane’s CBD but classified Gold Coast,
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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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Albert Dadon sells another piece of Art on the Park
Ubertas Group, owned by businessman and professional musician Albert Dadon, also the ex son-in-law of the late Marc and Eva
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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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Designer picks up Melbourne bank turned showroom
Richard Munao, director of boutique furniture and light designer, Cult, has snapped up a prime Melbourne city fringe investment. The
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CBRE eats up Burgess Rawson
CBRE is buying smaller Melbourne-based, national commercial real estate agency rival Burgess Rawson. The deal, speculated late last year to
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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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Door giant to consolidate in Melbourne
Dormakaba Australia will consolidate three business units – Ezi Roll Doors Australia, Danmar Garage Doors and Gilderol Garage Doors –
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Historic Flour Mill Hotel sold
A local operator has bought Wagga Wagga’s c1890 Flour Mill Hotel with plans for a major revamp. The sale of
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First Australian Hyatt House taking bookings
Thirteen years after Chicago based Hyatt Hotels Corporation launched the Hyatt House brand – it is set to open in
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NZ syndicator flips Port Adelaide warehouse
Auckland based asset manager Silverfin Capital has sold an industrial investment purchased from Quintessential four and a half years ago.
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Downie family sell outback pub
The Downie family has sold the freehold to Hughenden’s Royal Hotel. The 6222 square metre holding, 19-23A Moran Stret, was
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Childcare centre portfolio fetches $38.5m
A Middle East investor purchased the priciest childcare centre in a portfolio sold from February to mid-March. The 120-place complex
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Costco sells ex-Docklands store
Costco has sold its Docklands store after upsizing to a larger one west of town. The surprise off-market deal with
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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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Centennial snares Adelaide office for discount
Centennial has snapped up an Adelaide CBD office from the Raptis family. The $50.5 million deal for 63 Pirie Street
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Goodyear assigns Adelaide warehouse lease
Goodyear Tire & Rubber Co has found a tenant to take over the lease of a logistics facility in Adelaide’s
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