Paul Little begins Portarlington pub refurb
Paul Little has begun a c$10 million refurbishment of Portarlington’s Grand Hotel. The businessman paid $8.45m for the double storey
Read more
Stockland re-enters Geelong housing market
Stockland has acquired another low-density residential development site, this time at Armstrong Creek, between Geelong and Torquay. The 30.6 hectare
Read more
CostaFox pitches luxury Rippleside project
CostaFox Developments is promising a “luxury project that Geelong has not seen before” on a waterfront Rippleside site picked up
Read more
Bayley collects c$22m from south Sydney shopping centre
Bayley Property Group has sold the strata titled Oatley Village Square, in Sydney’s south, for a speculated $22 million. The
Read more
Roche Group pots another New England hotel
Roche Group has acquired another pub, this time in Uralla, on the Northern Tablelands. The Thunderbolt Inn – developed in
Read more
Aspen snares 17 Perth apartment, unit blocks
Aspen Group has picked up a portfolio of 17 Perth residential investments from interests associated with the Buckeridge Group of
Read more
Centennial outlays $25.85m in Brisbane
Centennial Industrial and Logistics (CIL) has purchased two Brisbane industrial assets from Pipeclay Lawson Limited. The priciest, 141A Boundary Road,
Read more
Mirvac sells Locomotive Workshop stake
Sunsuper is paying $231 million for a 49 per cent stake in South Eveleigh’s Locomotive Workshop. The vendor, Mirvac, will
Read more
Nick Theodossi, Ross Pelligra buy Subaru Docklands site
Nick Theodossi and Ross Pelligra are paying $50.5 million for a major Fishermans Bend car yard with development upside. The
Read more
Redcape proposes to delist
Postscript: shareholders voted to delist on September 10. Redcape Hotel Group directors have proposed to delist with a $247 million
Read more
NextDC extends Melbourne data centre plot
A year after paying CostaFox $21.8 million for a six hectare West Footscray block with plans for a data centre
Read more
ESR locks in logistics group at Truganina
ESR Australia has committed 101 Warehousing to Truganina’s West Industry Park. The deal includes a five year extension on a
Read more
Occupier buys ex-Betts warehouse
Vekta Automation has purchased a Malaga warehouse which was for lease. The 1.27 hectare site at 32 Millrose Drive –
Read more
Centuria snaps up Austereo HQ
Centuria Capital is paying Deague Group $205.1 million for a new South Melbourne office. The price for 101 Moray Street
Read more
Spotlight leases ex-Toyota warehouse
Spotlight Retail Group has leased a Laverton North industrial property last occupied by automotive component manufacturer Toyota Boshoku. The agreement
Read more
Tudor Inn sale sets yield benchmark
ALE Property Group is banking $15.66 million from Cheltenham’s Tudor Inn. The price reflects a net passing yield of 3.79
Read more
Glenvill, Qualitas secure ex-Banksia La Trobe college
The City of Banyule will sell the former Banksia La Trobe Secondary College and adjoining sites to Glenvill Group. The
Read more
Intaj Khan buys block for essential services project
Countryland Australia, led by former Wyndham councillor Intaj Khan, has acquired a block near Tarneit train station, with plans for
Read more
Frasers acquires Newstead car park
Frasers Property Australia is paying $16.5 million for a Newstead development site. The 3016 square metre Mixed Use zoned parcel
Read more
APN buys two more servos, reports growth
APN Property Group has purchased two more service stations for its Convenience Retail REIT (AQR). Both are in Queensland –
Read more
Canberra offices trade for c$195m
Real Asset Management is paying $115 million for a recently refurbished, fully leased Canberra office. The deal with Lendlease’s Australian
Read more
Sisters of Mercy sell hilltop site after six decades
White Energy managing director, mining engineer Brian Flannery, has outmuscled developers and not-for-profits for a Sisters of Mercy ex-novitiate, in
Read more
Aviator expands to Townsville
Aviator Capital has purchased its first Townsville property – a supermarket-converted-office. Urban Corner at 71 Stanley Street (pictured, top) is
Read more
McMullin purchases Campbellfield industrial site
McMullin Group is the buyer of a Campbellfield site which sold late last year for $8.25 million. The local developer
Read more
Investor acquires vacant Concord office
A vacant office in Sydney’s west Concord has sold for $11 million to an investor. The three storey building at
Read more
Developer snares Rockdale apartment site
A permit-ready Rockdale development site has sold for $8.5 million. The 1306 square metre block, 401-405 Princes Highway, is earmarked
Read more
Makita buys Melbourne distribution centre site
Makita has purchased a six hectare Truganina site with plans for a distribution and service centre. The land forms part
Read more
GPT acquiring Ascot industrial, office portfolio
The GPT Group is paying Ascot Capital $681.7 million for a portfolio of 24 investments. Containing a total lettable area
Read more
Sydney developer picks up St Kilda Road block
A recently cleared St Kilda Road site is trading for $25 million to Sydney’s Parekh Developments. The 1804 square metre
Read more
KM doubles money on cold storage facility
KordaMentha has sold a Laverton North cold storage investment for more than twice what it paid in 2019. Mapletree is
Read more
Fairfield East showroom sold with leaseback
The operators of Good Kitchen & Bathroom have sold its Fairfield East headquarters, showroom and warehouse, with a three year
Read more
Skyrise rooftop bar coming to South Yarra
Following a win with the Victorian Civil and Administrative Tribunal, the rooftop of a 24-level office under construction at 627
Read more
Irongate buys Michael Hill HQ
Irongate Group (IAP) is buying a Cannon Hill office on a funds-through basis. The four storey, 3520 square metre building
Read more
Ex-Volkswagen dealership to become COVID test site
4Cyte Pathology has signed a six month lease for a prominent ex-Volkswagen dealership near Westfield Doncaster. The 8176 square metre
Read more
Costway sets up in Australia
E-commerce retailer Costway will establish its first Australian distribution centre at a Truganina facility owned by Lendlease. The tenant is
Read more
Catholic Church earns c$19m from townhouse sites
The Catholic Archdiocese of Melbourne has sold three residential development sites abutting schools. In Carrum Downs, the not-for-profit is speculated
Read more
Piccolo extends Fitzroy holding
Piccolo Developments has quietly snapped up two properties abutting a Fitzroy site it acquired from Australia Post last month. The
Read more
Developers trade Wantirna South funeral home
The China based developer which paid Allison Monkhouse directors $10.15 million for a prominent Wantirna South funeral home four years
Read more
Art deco cinema sold for apartments
The former Paramount Theatre – once owned by Hoyts and later, the South Hurstville RSL then Civic Video – and
Read more
Mirvac sells Cherrybrook Village for substantial premium
Mirvac has sold the Cherrybrook Village shopping centre, in Sydney’s north west. The price – $132.8 million – reflects a
Read more
Influencers Church offload slice of Paradise
Influencers Church has sold a 3.26 hectare block abutting its Paradise house of worship. The buyer, Yicorp, formerly known as
Read more
Aspen spends $18.5m on co-living investment
Aspen Group has purchased an Upper Mount Gravatt student accommodation complex with plans to repurpose it as a traditional co-living
Read more
Gateway buys Hemmant industrial park
Gateway Capital has purchased its second industrial investment in a fortnight. The 6.55 hectare asset, 227-247 Fleming Road, Hemmant, in
Read more
SightStone doubles money on land
SightStone has sold its master-planned Radiance housing estate site for c$100 million. The deal comes four years since the developer
Read more
Mirvac expands at Clyde North
Mirvac is understood to be paying c$70 million for a low-density housing site at Clyde North. The 30 hectare irregular
Read more
Charter Hall snaps up two offices from DOMA
Charter Hall has picked up two government-backed offices from private developer DOMA on a blended 5.2 per cent initial yield.
Read more
ALE pots $14m from historic pub
ALE Property Group has sold Toowong’s Royal Exchange Hotel for $14.05 million – a price reflecting a four per cent
Read more
Officer site collects $43m from neighbour
Yourland, backed by Japan’s Nippon Telegraph and Telephone Corporation (NTT), is paying $43 million for a site neighbouring its Officer
Read more
Charter Hall buys inner-west Sydney supermarket
Charter Hall has purchased a Coles-backed supermarket at Five Dock for $25.9 million. The vendor, Macquarie Publications, paid $19.66m for the
Read more
David Feldman sells prominent West Gate servo
Wingate has purchased a convenience retail investment built on the West Gate Bridge toll collection facility, in Port Melbourne. At
Read more
EG adds 10th property to ACE
EG has acquired the 10th property for its diversified Australian Core Enhanced fund (ACE). The 9312 square metre industrial investment
Read more
Ganellen picks up Brisbane mall
Recently refurbished shopping centre Kallangur Fair, in Brisbane’s north, has sold for $22.45 million. Sydney based fund manager Ganellen is
Read more
ESR pays $7.1b for ARA AM
Hong Kong listed ESR is paying $7.07 billion (US$5.2b) for Singapore’s ARA Asset Management. The deal will see the buyer
Read more
Lendlease buys industrial portfolio at 4pc yield
Lendlease today confirmed its Australian Prime Property Fund purchased three fully leased industrial investments for a total of $161 million.
Read more
Charter Hall, United Petroleum trade Pinkenba site
Charter Hall is paying $43 million for an industrial development site at Pinkenba, near Brisbane Airport. The group is intending
Read more
Hugo Boss commits to Cremorne HQ
Beat Magazine founder Rob Furst has secured Hugo Boss to a new seven storey Cremorne office. The fashion house has
Read more
World’s ‘most beautiful butcher’ comes to Melbourne
Sydney meat retailer Victor Churchill has chosen Armadale for its first Melbourne store. Described by late chef Anthony Bourdain as
Read more
Investor pays cash for $11m CBD building
A China-based investor has paid $11 million for a double fronted, two storey building at the top of town. The
Read more
Oroton, Decjuba, Aesop commit to blue ribbon strips
A “total change” in consumer spending habits over the past 18 months is pushing rent and capital values in some
Read more
Home of Burke Road’s oldest retailer for sale
The home of Burke Road, Camberwell’s, oldest retailer, Cavalier, is for sale. Over two storeys, with rear access to Market
Read more
McMillan lists prominent Melbourne car dealership
McMillan Property Group has listed the prominent Preston Toyota dealership after more than five decades. Leased to Eagers Automotive, the
Read more
Knox buys another New England hotel
Jim Knox is paying a speculated $7 million for the Royal Hotel Moree. The two storey pub at 54 Haber
Read more
Clarence picks up west Brisbane industrial site
Clarence Property is spending $14.4 million on a Richlands industrial development site. At 18 Macgregor Place, at the south east
Read more
CouriersPlease relocates within Mulgrave
CouriersPlease will relocate its eastern and southern suburb parcel delivery centre within Mulgrave. The occupier has just signed a three
Read more
Con Makris sells another Adelaide shopping centre
Con Makris – South Australia’s richest man – has sold another Adelaide retail investment, this time on the coast. The
Read more
JDA, Star snap up Queensland hotels
Publicans have swooped on two Queensland hotels in deals worth a total of $22 million. In Bundall, about three kilometres
Read more
SCA acquires third Queensland shopping centre this year
SCA Property Group is paying $34.34 million for Drayton Central, on Toowoomba’s southern outskirts. The price reflects a 5.39 per
Read more
Catalano Interiors leases inner-city showroom
Catalano Interiors has rented its sixth Melbourne showroom. The single-storey property at 160 Fulham Road, Fairfield, will also dub as
Read more
Office vacancy hits highest rate since 1996
The office vacancy rate across Australia’s 18 key markets has increased since January to 11.9 per cent – the highest
Read more
Charter Hall concludes $560m industrial spending spree
Charter Hall has snapped up 17 industrial assets including the landmark Port Connect Distribution Centre (pictured, top), in Lytton –
Read more
Real IS buys in South Yarra
Real IS has picked up another Melbourne office – this time in South Yarra. The German fund manager is paying
Read more
Cedar Woods spends $63.5m on housing lots
Cedar Woods has purchased two low density housing estate sites in Melbourne’s west. In the biggest deal, the group is
Read more
Elanor fund buys Surfers Paradise ‘tower of power’
GDI Property Group has sold a landmark Surfers Paradise office for more than twice what it paid in 2015. The
Read more
Pidgeon family offloads another office
A European investor represented by UBS is paying the Pidgeon family $85 million for a 10-level Brisbane CBD office. The
Read more
Salta secures new tenants at Nexus
Salta has secured two more tenants to its Nexus Industrial Estate, in Dandenong South. In the biggest deal, steel maker
Read more
Docklands office sells for record $1.2b
In Australia’s biggest office sale this year, the National Pension Service of Korea (NPS) is paying $1.2 billion for 699
Read more
Ryman buys Mulgrave development site
Ryman Healthcare has picked up a development site opposite Mirvac’s master-planned Waverley Park. The 4.7 hectare tract – between 1962-2017
Read more
Oxfam leases new HQ
A year after agreeing to sell its Carlton headquarters to student accommodation provider Scape, Oxfam Australia has leased a West
Read more
Mirvac, M&G snare EY HQ stake
Mirvac, in partnership with M&G Real Estate, is spending $578.5 million for a half share of Sydney’s EY Centre. The
Read more
AVC rents Hotham Hotel
Australian Venue Co has leased the Hotham Hotel – considered “the heartbeat” of the alpine town. The Great Alpine Road,
Read more