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Industrial News Queensland 

Isuzu snares wrecking yard from Centennial

April 18, 2023April 19, 2023 Marc Pallisco

Centennial has sold a former wrecking yard at Stapylton to Brisbane Isuzu which plans to occupy. In the Yatala Enterprise

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Industrial News Queensland Victoria 

National Tiles signs up for two distribution centres

April 17, 2023April 17, 2023 Marc Pallisco

Frasers Property Industrial has pre-committed National Tiles – a tenant client since late 2016 – to two east coast distribution

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Hotels News Queensland 

Sofitel Brisbane Central fetches $178m

March 23, 2023March 30, 2023 Marc Pallisco

Brookfield has sold Sofitel Brisbane Central on its second attempt. The 5-star hotel is trading to a 50:50 partnership comprising

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National News 

Bob Johnston to quit GPT

February 11, 2023February 14, 2023 Marc Pallisco

The GPT Group chief executive officer and managing director, Bob Johnston (pictured, top), will retire by the end of the

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Industrial News Victoria 

Freedom leases south east Melbourne distribution centre

February 10, 2023February 10, 2023 Marc Pallisco

Greenlit Australia brand Freedom is the seventh business to pre-commit to Fraser Property Industrial’s Rubix Connect estate, in Dandenong South,

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News Residential Retail Victoria 

McDonald’s sells growth corridor town centre site

February 8, 2023February 14, 2023 Marc Pallisco

EXCLUSIVE After slicing a corner for itself, McDonald’s has sold the balance of a site earmarked, with another across the

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Industrial News Victoria 

Leather carer to develop distribution centre

February 3, 2023February 3, 2023 Marc Pallisco

Shoe and leather care product maker Waproo will develop a distribution centre on a Truganina site it just acquired for

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New South Wales News Residential 

Atlassian, Dexus, Toga partner for homelessness initiative

February 3, 2023February 3, 2023 Marc Pallisco

Part of the city’s former Adina Sydney Central hotel will be converted into short term accommodation for at-risk youths and

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Industrial New South Wales News Office Queensland South Australia Victoria 

Dexus sells five more properties

December 23, 2022December 23, 2022 Marc Pallisco

Dexus has concluded another round of disposals – including an East Melbourne office for $213.7 million. Two Brisbane warehouses and

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Industrial News Victoria 

Industrial developer secures Dandenong South drive-in

December 13, 2022December 15, 2022 Marc Pallisco

Local heavyweight Pellicano has swooped on a major south east Melbourne industrial development site, outlaying a speculated $40 million. The

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Industrial News Victoria 

Komatsu leases another Melbourne warehouse

December 1, 2022December 1, 2022 Marc Pallisco

The Australian arm of Japanese heavy equipment manufacturer Komatsu will expand in Melbourne’s west, committing to two facilities. One –

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Hotels New South Wales News 

Capsule hotel collects $13.5m

November 26, 2022November 29, 2022 Marc Pallisco

One of a handful of Australian capsule hotels – built into a small seven storey Haymarket building – is speculated

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New South Wales News Office 

AMP, HB+B divest Chippendale office

November 24, 2022November 24, 2022 Marc Pallisco

AMP Capital and HB+B Property have divested a Chippendale office for an impressive capital gain. At 55-59 Regent Street, the

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Industrial News Victoria 

Occupiers spend over $18m in Truganina

November 23, 2022November 24, 2022 Marc Pallisco

Occupiers have swooped on two Truganina industrial assets. In the biggest deal, Success Logistics paid $13.5 million for a 5061

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Industrial News Victoria 

Braeside warehouses trade with a leaseback

November 17, 2022November 17, 2022 Marc Pallisco

Food packaging manufacturer Caspak has sold its new Braeside headquarters with a five year leaseback. The two connected buildings, offered

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Industrial New South Wales News Queensland Retail 

Dexus banks $377m from Sydney, Brisbane investments

November 10, 2022November 16, 2022 Marc Pallisco

Dexus has sold four major east coast investments. In the biggest deal, the group is banking $118.5 million from Gateway

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Industrial News Queensland 

CEVA to establish Queensland HQ

November 6, 2022November 6, 2022 Marc Pallisco

CEVA Logistics has pre-committed to another ESR business park, this time, Berrinba’s Gilmore Industrial Estate, 25 kilometres south of Brisbane.

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Industrial News Victoria 

Biggest of Australia’s 12 drive-ins for sale as development site

November 4, 2022December 15, 2022 Marc Pallisco

One of three Melbourne drive-in theatres, and 12 in Australia, is for sale as an industrial development site. The Lunar,

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Hotels Industrial New South Wales News Office Victoria 

Magid family banks $124m from east coast assets

November 1, 2022November 1, 2022 Marc Pallisco

Robert Magid, whose late property developer father Isador in 1951 created Twisties, has sold two more major investments. In the

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Industrial New South Wales News 

Gateway WSA site hits the market

November 1, 2022November 1, 2022 Marc Pallisco

An enormous commercial development site opposite the south west boundary of the Western Sydney Airport, at Luddenham, has hit the

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New South Wales News Office 

Council approves $3b Central station project

October 25, 2022November 8, 2022 Marc Pallisco

The City of Sydney has given the green light for two more skyscrapers – of 37 and 35 floors –

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Industrial New South Wales News Queensland Victoria 

Greystar snares five east coast industrial sites

October 20, 2022October 21, 2022 Marc Pallisco

Greystar has established an Australian industrial development pipeline with the purchase of five east coast assets. At 26 Ferndell Street,

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New South Wales News Office 

Canva spends $120m on unrenovated Sydney office

October 7, 2022October 11, 2022 Marc Pallisco

Canva is speculated to be paying just over $120 million for an unrenovated vacant office up the road from its

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Industrial News Queensland 

Goodyear pre-commits to Brisbane warehouse

October 7, 2022October 8, 2022 Marc Pallisco

Frasers Property Industrial has secured Goodyear, an existing tenant client, as the first pre-commitment at its Vantage Yatala estate, in

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Industrial News Victoria 

Developer snaps up central Truganina site

September 6, 2022September 6, 2022 Marc Pallisco

An industrial developer has acquired a 2.1 hectare central Truganina site for $15 million. The land is one of the

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Industrial News Victoria 

ISPT snares growth corridor employment site

August 18, 2022August 31, 2022 Marc Pallisco

ISPT is paying just over $100 million for an Officer South horse stud recently rezoned for commercial development. The deal

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Hotels New South Wales News 

Ex-Wallaby scores another Sydney pub

August 10, 2022August 10, 2022 Marc Pallisco

Ex Wallaby Bill Young has added to his hotel portfolio – which is entirely in New South Wales – picking

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Industrial News Queensland 

Chrisco consolidates from Lytton, Keysborough

July 29, 2022July 30, 2022 Marc Pallisco

Chrisco will consolidate from warehouses at Lytton, in Brisbane’s north and Melbourne’s Keysborough. The Christmas hamper group will stay in

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News Office Queensland 

Bloomberg buys into Newstead

July 13, 2022July 14, 2022 Marc Pallisco

Bloomberg Incorporation Limited has picked up a low-rise mixed-use building at Newstead’s Gasworks precinct, in Brisbane’s inner north east. At

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Industrial News Victoria 

Décor consolidates from two sides of town

July 11, 2022July 11, 2022 Marc Pallisco

Décor will consolidate an office and distribution centre at opposite ends of town to a single Dandenong South base. The plastics

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News Office Queensland 

Chevron HQ fetches $46.5m

July 5, 2022July 5, 2022 Marc Pallisco

RF Corval has offloaded a fully-let Hamilton office picked up on a funds through basis in 2015. The four storey

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Industrial News Victoria 

FLCT invests again in Melbourne

June 16, 2022June 16, 2022 Marc Pallisco

Frasers Logistics and Commercial Trust, backed by Thai billionaire Charoen Sirivadhanabhakdi, has snapped up three more fully leased Melbourne assets.

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Industrial News Victoria 

Developers spend $77m in Cobblebank

June 9, 2022June 11, 2022 Marc Pallisco

Developers have swooped on three major industrial sites in Cobblebank’s Ferris Road. At #54-76, an entity led by Perth based

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News Office Victoria 

Carsales founders bank $60.25m from office

May 20, 2022May 25, 2022 Marc Pallisco

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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Hotels New South Wales News 

Sydney hotel sells for record $530m

May 11, 2022May 12, 2022 Marc Pallisco

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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Industrial News Victoria 

Nolan consolidates to Dandenong South HQ

May 9, 2022May 9, 2022 Marc Pallisco

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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Industrial News Victoria 

Silk expands in Melbourne’s west

April 26, 2022April 26, 2022 Marc Pallisco

Silk Contracts Logistics has rented a second west Melbourne warehouse from Frasers Property Industrial. The 12,726 square metre facility, under

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Industrial News Victoria 

RMA leases Mickleham warehouse

April 14, 2022April 14, 2022 Marc Pallisco

Dexus is the latest landlord to be rewarded for building a large warehouse on a speculative basis, securing a lease

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Industrial New South Wales News 

Lineage acquires west Sydney site for $250m cold storage warehouse

March 9, 2022March 10, 2022 Marc Pallisco

Lineage Logistics has acquired a seven hectare site within Mirvac’s Aspect Industrial Estate, at Kemps Creek. The Michigan based distribution

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Land News Victoria 

Major south east Melbourne infill site to fetch over $250m

March 3, 2022March 3, 2022 Marc Pallisco

A prominent south east Melbourne retail and commercial investment recently rezoned for a $1 billion-plus mixed-use but predominantly residential “precinct

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News Residential Victoria 

Colin DeLutis lists parkside Brunswick East site

February 24, 2022February 24, 2022 Marc Pallisco

Colin DeLutis is selling a parkside Brunswick East development site acquired in 1977 as part of his Westco Jeans empire.

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Industrial News Victoria 

Panel beater leases ex-Mazda distribution centre

February 23, 2022February 24, 2022 Marc Pallisco

Charter Hall has secured collision repair and parts provider AMA Group to the Somerton Logistics Estate in Melbourne’s north. The

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National News 

WBHO calls in administrator for Probuild

February 23, 2022February 24, 2022 Marc Pallisco

Probuild has told its national workforce to down tools, with its parent, Johannesburg listed Wilson Bayly Holmes-Ovcon Limited (WBHO), putting

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Land News Victoria 

ID_Land invests again in south east Melbourne

February 23, 2022February 23, 2022 Marc Pallisco

ID_Land is paying $140 million for a housing estate site at Clyde, in Melbourne’s south east. The 59.16 hectare parcel,

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Land News Victoria 

Developers snap up two outer Melbourne commercial sites

December 14, 2021December 15, 2021 Marc Pallisco

Developers have outlaid about $80m for two commercial development sites in Melbourne’s outer suburbs. In the biggest deal, Sydney builder

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Industrial News Office Victoria Western Australia 

Irongate invests $156m in Perth, Melbourne

December 10, 2021March 2, 2023 Marc Pallisco

Irongate (IAP) is paying $26 million for a business park in Perth’s Bibra Lake. The deal for 16 Aspiration Court

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Industrial News Victoria 

Panel maker leases warehouse in ‘CBD of the north’

December 9, 2021December 9, 2021 Marc Pallisco

Creative Composites, which manufactures panels for recreational vehicles (RVs) and the construction industry, has leased an Epping warehouse about to

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Essential services National News 

Ampol servos collect $73.5m

December 1, 2021December 1, 2021 Marc Pallisco

Charter Hall has snapped up a 49 per cent stake in another portfolio of Ampol service stations. The 20 assets

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News Office Victoria 

Marprop, Futuro pick up 300 Flinders Street

November 27, 2021November 28, 2021 Marc Pallisco

Marprop and Futuro Capital are paying $80.8 million for Victoria University’s Flinders Street campus. The asset – the basement, ground

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Industrial News Victoria 

Dandenong South warehouse sells for $20m

November 15, 2021November 15, 2021 Marc Pallisco

A land rich Dandenong South industrial investment has sold for c$20 million reflecting a 3.25 per cent yield. Despite its

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A.C.T. News Office 

Irongate offloads Canberra office

November 5, 2021November 7, 2021 Marc Pallisco

Investec Australia Property Fund managed Irongate Group (IAP) has sold a Canberra office leased to the Attorney General department after

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New South Wales News Office Queensland 

Dexus banking c$1.7b from offices

October 27, 2021October 30, 2021 Marc Pallisco

Dexus is selling six office investments for a speculated total of close to $1.7 billion. Four of the assets –

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Industrial News Queensland 

Phoenix Transport expands in Berrinba

October 24, 2021October 26, 2021 Marc Pallisco

Phoenix Transport has leased a modern Berrinba warehouse held by ARA LOGOS Logistics Trust. The occupier has committed for an

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Industrial News Victoria 

Goodman secures kombucha maker to Power Park

October 20, 2021October 20, 2021 Marc Pallisco

Goodman has secured Remedy Drinks – Australia’s largest kombucha maker – to its 52 hectare Power Park Industrial Estate, in

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Land News Victoria 

Yarraville’s Bradmill site sells again

September 7, 2021October 30, 2021 Marc Pallisco

Frasers Property Australia in partnership with Irongate Group is paying a speculated $225 million for Yarraville’s former Bradmill site and

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Industrial News Victoria 

Assembly enters Dandenong South industrial market

September 1, 2021April 4, 2022 Marc Pallisco

Assembly Funds Management has entered the Dandenong South industrial market, picking up two warehouses from private investor David Feldman. The

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Land New South Wales News 

State government banks c$135m from Macquarie Park blocks

August 29, 2021August 30, 2021 Marc Pallisco

Landmark Group is paying Landcom more than $135 million for a 1.85 hectare high-density residential development site in Macquarie Park.

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New South Wales News Office 

Mirvac sells Locomotive Workshop stake

August 18, 2021August 19, 2021 Marc Pallisco

Sunsuper is paying $231 million for a 49 per cent stake in South Eveleigh’s Locomotive Workshop. The vendor, Mirvac, will

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Industrial News Victoria 

Makita buys Melbourne distribution centre site

August 16, 2021August 17, 2021 Marc Pallisco

Makita has purchased a six hectare Truganina site with plans for a distribution and service centre. The land forms part

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Land News Victoria 

Mirvac expands at Clyde North

August 10, 2021August 11, 2021 Marc Pallisco

Mirvac is understood to be paying c$70 million for a low-density housing site at Clyde North. The 30 hectare irregular

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Industrial New South Wales News 

EG adds 10th property to ACE

August 9, 2021August 9, 2021 Marc Pallisco

EG has acquired the 10th property for its diversified Australian Core Enhanced fund (ACE). The 9312 square metre industrial investment

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Industrial New South Wales News 

NextDC spends $124m for data centre plot

July 29, 2021July 29, 2021 Marc Pallisco

NextDC has acquired another west Sydney block for a data centre. The 12.4 hectare parcel – until recently part of

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New South Wales News Office 

Atlassian HQ to open by 2026

July 20, 2021July 21, 2021 Marc Pallisco

Atlassian will retain a stake in its next headquarters, construction of which will start next year. As speculated 10 months

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News Residential Victoria 

Brown Property Group picks up another Clyde site

July 14, 2021July 15, 2021 Marc Pallisco

Brown Property Group is speculated to be paying over $230 million for another housing estate site, in Melbourne’s south east

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News Residential Victoria 

ISPT tries again to replace Kingswood Golf Club

July 8, 2021July 9, 2021 Marc Pallisco

ISPT is a step closer to replacing Dingley Village’s Kingswood Golf Club with a housing estate (artist’s impression, top) –

Read more
New South Wales News Office 

Macquarie Park office/showroom collects $55m

July 4, 2021July 6, 2021 Marc Pallisco

RF Corval has sold a Macquarie Park office for $55 million. The deal, with Charter Hall for its Deep Value

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Industrial News Victoria 

CIL picks up ex-Furniture Galore HQ

June 30, 2021July 19, 2021 Marc Pallisco

Furniture Galore has sold its outgoing headquarters – which also includes a showroom and warehouse – to Centennial Industrial and

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Industrial News Queensland 

EG snaps up another property for ACE

June 25, 2021June 26, 2021 Marc Pallisco

EG has purchased the ninth investment for its Australian Core Enhanced Fund (ACE). The 12,157 square metre warehouse, 28 Flint

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Industrial News Queensland Victoria 

Ascendas banks $125.1m from three logistics investments

June 4, 2021June 6, 2021 Marc Pallisco

Ascendas Reit has agreed to sell three east coast industrial investments for a total of $125.1 million. The disposals –

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Industrial New South Wales News 

Lendlease spends $130.1m on Best & Less warehouse

May 24, 2021May 27, 2021 Marc Pallisco

Lendlease is paying $130.1 million – a price which reflects a 3.62 per cent yield – for an Eastern Creek

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News Victoria 

Permit ready Tarneit housing block earns $4.5m

May 6, 2021May 7, 2021 Marc Pallisco

A small low-density housing site wedged between larger estates controlled by Dahua and LLT Developments has sold for $4.5 million.

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News Victoria 

Centuria buys Dandenong South industrial park

April 30, 2021April 30, 2021 Marc Pallisco

Centuria Industrial REIT (CIP) has purchased a Dandenong South business park on a funds-through basis. The $88.8 million project (impression,

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New South Wales News Victoria 

LOGOS completes $330m estate with H&M warehouse

April 29, 2021April 29, 2021 Marc Pallisco

Two years after breaking ground, LOGOS has completed its seventh and final building at the Marsden Park Logistics Estate. The

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New South Wales News Queensland South Australia Victoria Western Australia 

ESR spends $3.8b on Australian logistics portfolio

April 18, 2021October 25, 2021 Marc Pallisco

ESR Australia is paying $3.8 billion – the highest price outlaid in one line for a collection of Australian property

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New South Wales News 

Microsoft buys another data centre site

April 12, 2021April 12, 2021 Marc Pallisco

Microsoft has purchased another Sydney site for a data centre. The off-market deal for 57 Station Road, Seven Hills, is

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New South Wales News 

Techtronic Industries commits to landmark Sydney shed

April 7, 2021April 28, 2021 Marc Pallisco

Techtronic Industries (TTI) has pre-committed to a 73,920 square metre distribution centre at Sydney’s Orchard Hills. The group is the

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News Victoria 

Hardware group buys gateway Tullamore block

March 5, 2021March 11, 2021 Marc Pallisco

Pinnacle Hardware, which manufactures DIY and home storage products, has snapped up three sites abutting the northern entrance to ESR’s

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News Victoria 

Beauty brand commits to Clayton factory

March 3, 2021March 8, 2021 Marc Pallisco

Wellness business BWX will expand in Melbourne, committing to a manufacturing plant at south east Clayton. The occupier was considering

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News Victoria 

Tabcorp collects $9.6m from redundant warehouse

February 4, 2021February 4, 2021 Marc Pallisco

Tabcorp has banked $9.6 million from a former gaming warehouse in Dandenong South. The ASX-listed entertainment group paid $6m for

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New South Wales News 

Goodman sells new Macquarie Park office

February 1, 2021February 1, 2021 Marc Pallisco

Goodman Group has sold a Macquarie Park office which reached practical completion late last year. The $144 million deal for

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