Panthera doubles money on Maitland mall
Panthera Property Group has sold Maitland’s Riverside Plaza for $46 million. The off-market deal reflects a major windfall for the
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Primewest lists $200m shopping centre portfolio
Primewest has listed four neighbourhood shopping centres and Tyne Square, in the Perth CBD, on behalf of a matured fund.
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Ex-lord mayor pays record $160m for Sydney pub
Former Sydney lord mayor Nelson Meers is paying close to $160 million – a national pub record price – for
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Don Hodge Group spends $33m on another Newcastle hotel
The Don Hodge Group has snapped up Mount Hutton’s Lake Macquarie Tavern, south west of Newcastle, for $33 million. The
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Prominent South Yarra ex-Mecca store, signs for sale
A high-profile South Yarra investment – set to become even more prominent when it forms the apex of a proposed
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Spencer Street office fetches c$325m
CBRE Investment Management is selling a prominent Melbourne office held for four and a half years. The former Melbourne Water
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BDO, HopgoodGanim fill a third of proposed Brisbane office
Charter Hall and Investa have secured two pre-commitments for an $800 million office earmarked to replace three Brisbane buildings acquired
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Parkstone swoops on two more Woolworths backed malls
Adelaide fund manager Parkstone has spent over $40 million for two more Woolworths backed retail investments. In its home town,
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Gourmet chefs lease ex-George Calombaris restaurant in Kew
A Kew property formerly owner-occupied by celebrity chef George Calombaris has been re-let after sitting vacant for two years. Two
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JLL replaces ANZ CEO
JLL has appointed Dan Kernaghan (pictured, top) as Australia and New Zealand chief executive officer. The former office leasing department
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CBD office occupancy rises in March: PCA
CBD workers are heading back to their offices with occupancy rates in Melbourne, Sydney, and Canberra all more than doubling
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Eltham supermarket trades on 3.3pc yield
The founders of ASX-listed Hansen Technologies have banked $35 million – more than triple what they paid Woolworths in 2001
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Roberts Co picks up five Melbourne Probuild projects
Roberts Co has acquired five Melbourne projects from failed developer Probuild. Mooted last month, the deal gives the Sydney group
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Assembly snaps up two more Melbourne industrial investments
Lowy family backed Assembly Funds Management and Cadence Property Group have snared two more Melbourne industrial investments for the Assembly
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Cromwell swoops on Adelaide office
Cromwell has picked up another CBD office for its Diversified Property Fund, this time in Adelaide. Chesser House at 91-97
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Timperley family bids Byron Bay corner farewell after 90 years
A prominent retail asset in the heart of Byron Bay, held by the Timperley family for some nine decades, has
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Maribyrnong warehouses earn $20m from developer
Another industrial property around the Highpoint Shopping Centre will make way for a major apartment complex, after selling to a
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Keylin locks up Indooroopilly amalgamation
Keylin has paid $18.6 million for an amalgamation of Indooroopilly properties covering a chunk of Station Street, between Foxton St
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End of an era with Sofia restaurant redevelopment approved
EXCLUSIVE The Victorian Civil and Administrative Tribunal has given Pomeroy Pacific the green light to replace Camberwell’s Sofia restaurant and
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Abacus sells half stake in St Kilda Road office
Abacus Property Group has offloaded its half interest in 464 St Kilda Road – the Victorian Automobile Chamber of Commerce
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QIC finalises Westfield Helensvale disposal
QIC has finalised the sale of a half stake in Gold Coast’s Westfield Helensvale. Melbourne based IP Generation, led by
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Aware Super ups exposure in $2b Lendlease retirement living fund
Lendlease has sold a 24.9 per cent stake in its Retirement Living trust to Aware Super – Australia’s largest superannuation
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Federal Budget 2022-23: how will it affect Australia’s key property sectors?
This is an excerpt of a Colliers Research report republished with permission. To download the full document, follow this link.
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Spotswood coach depot trades at 1.99pc yield
A Spotswood coach depot once owned by AAT Kings Tours has sold for $6.4 million reflecting a low 1.99 per
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Time & Place pockets Hotel Lindrum as development play
Time & Place has purchased the historic Hotel Lindrum as a development play. The high profile six storey building on
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DHL snaps up Western Sydney Aerotropolis site
DHL is paying fund manager Roberts Jones over $140 million for a 24 hectare industrial development site abutting the Western
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Prestons warehouse trades at record low 3.35pc yield
A warehouse under construction at Prestons has sold to Pittwater Industrial for $58.255 million reflecting a record low yield for
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Landmark Bronte block collects $44m from developer
Fortis intends to build 10 standalone homes on the site of an older style apartment block, at Bronte, which it
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Early Settler, CEVA pre-commit to major Melbourne warehouses
Two major south east Melbourne industrial pre-commitments have been signed this month. In the biggest deal, Early Settler will occupy
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Sekisui House spends $104m on north west Sydney residential site
Sekisui House is paying $104 million for a master-planned housing estate site (image, top) at Norwest, at the Baulkham Hills
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Charter Hall, PGGM buy out Irongate
Charter Hall with Dutch pension fund PGGM has signed a scheme implementation agreement to take over Irongate (IAP) for $1.3
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Clemenger chooses Bourke Street Mall for headquarters
Clemenger Group will relocate headquarters from its long-time home at 472-474 St Kilda Road to the top four floors of
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Developers spend $10m on eastern suburb apartment sites
Two eastern suburb sites permit-ready for mid-rise apartment buildings sold this week. In Ormond, developer Peter Gibson has banked $6.21
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Alceon offloads another Lutwyche asset
Alceon has offloaded the second of two Lutwyche offices held since 2018. The double storey building on a 2602 square
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Consortium swoops on Kensington’s Younghusband site
ASX-listed Irongate Group, local construction firm Built and Canada’s Ivanhoé Cambridge are paying $60 million for Kensington’s Younghusband site. The
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AVC adds Apollo Bay Hotel leasehold to portfolio
Australian Venue Co is acquiring the leasehold of the historic Apollo Bay Hotel, on the Great Ocean Road. The freehold
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Colin Delutis buys Sorrento cinema
EXCLUSIVE Colin Delutis’ DeGroup has quietly purchased the Peninsula Cinemas Sorrento as a long-term hold. Also known as the Athenaeum,
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Milieu, Besen family snap up ex-ABC Elsternwick studio
EXCLUSIVE Boutique apartment builders Milieu Property and Besen have snapped up the Australian Broadcasting Corporation’s ‘Gordon Street studio’, at Elsternwick,
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Melbourne Uni sells Hawthorn campus to apartment developer
The University of Melbourne has sold its Hawthorn campus – also the location where Millionaire Hotseat applicants were tested –
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Tasman Holiday Parks swoops on four more assets
Tasman Holiday Parks is on track to double in size by the end of next year, acquiring four more assets
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Macquarie snares full control of Cubbie Station
China based textile group Shandong Ruyi has exited the landmark Cubbie Station near Dirranbandi – selling its 51 per cent
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Argus offloads Gold Coast’s Metro Market
Sydney fund manager Argus Property Partners is continuing to reweight its portfolio, divesting a Gold Coast shopping centre after seven
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Pottsville mall collects $10.2m
The Pottsville Central Shopping Centre, on the Tweed Coast, is trading for $10.2 million between private investors. Containing 908 square
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Gundagai hotel trades for $6m
The newly formed Lancer Group has paid $6 million for Gundagai’s Criterion Hotel. Directed by Tim Fallon, who owns Mosman’s
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Haben makes it three in Queensland
Haben has snapped up its third Queensland shopping centre, in Brisbane’s south west. The Station Oxley, at 133-157 Oxley Station
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New Albury Hotel sells at 4.1pc yield
The heritage listed New Albury Hotel, occupied by Australian Venue Co, sold following a heated auction for $13.2 million. Built
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Oreana lists Kallo Town Centre
Oreana Property Group is selling the Kallo Town Centre, set to replace a piece of the former Lockerbie sheep station,
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Taylors Hill shopping centre for sale
Businessman John Shalit has listed the modern Watervale Shopping Centre in Melbourne’s west Taylors Hill. The neighbourhood complex on 1.87
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ADC adds another suburban Perth office to portfolio
Australian Development Capital has picked up another inner Perth office investment – this time in the west. The refurbished three
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Brunei family lists Flagstaff Gardens office with a permit
A Brunei family has listed an art deco office opposite Flagstaff Gardens after obtaining a permit to construct an 10
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Port Macquarie’s Mercure Centro sold to Laundy Hotels
The Laundy Hotel Group has acquired the 4.5-star Mercure Centro Hotel. The freehold going concern for the five storey, 72-room
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Jon Adgemis picks up Camperdown’s Lady Hampshire
Ahead of a float, Jon Adgemis’ Public Hospitality Group has paid c$11 million for Camperdown’s Lady Hampshire Hotel. With a
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Gurner heads west with Nedlands project
Gurner has diversified into another market – Western Australia – teaming with Costa Property Group and Grange Developments on a
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Laundy family spends $13m on Lake Macquarie hotel
Danielle Richardson, the daughter of publican Arthur Laundy, with her husband, Shane, have bought the Orana Hotel at Blacksmiths, 25
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New tenant for Heidelberg Mitsubishi site
Oz Car Group has leased the dealership occupied by Heidelberg Mitsubishi until 2020. The Sydney based tenant has signed a
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Pask lists College House
Pask Group is selling East Melbourne’s c1873 College House after winning approval to construct a 10 level apartment building behind
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Justin Hemmes swoops on fourth Narooma pub
One of Narooma’s most historic buildings, the Lynch’s Hotel, is selling to Justin Hemmes’ Merivale for about $6 million. The
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Amazon chooses Melbourne for first Australian sort centre
Amazon will open its first Australian sort centre at Goodman Group’s Amaroo Business Park, in Craigieburn. The 15,600 square metre
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Building which replaced Port Melbourne’s London Hotel for sale
Developer Gary Busuttil is selling a three level commercial asset constructed on the site of the London Hotel, which was
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Degraves Espresso leased to neighbour
It is the end of an era in Degraves Street with restaurateur Bob Bozinovski quitting Degraves Espresso, after 20 years.
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Stockland secures another Melbourne LLC site
Stockland has snapped up a piece of the St Germain housing estate with plans for a Land Lease Community. The
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OTR arrives in Melbourne
Convenience retail chain OTR – or On the Run – has opened its first Melbourne store, at Alphington. The ExxonMobil
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NorthWest, GIC tip $2.4b into healthcare fund
Toronto listed NorthWest Healthcare Properties with Singapore sovereign wealth fund GIC will invest another $2.4 billion into a healthcare joint
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Winning Group commits to $200m industrial estate
Winning Group is the first tenant to pre-commit to a Wacol industrial estate being delivered by LOGOS, KKR and Mubadala
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Mathieson family picks up inner Brisbane pub
The Mathieson family is understood to be paying close to $7 million for Woolloongabba’s Redbrick Hotel. The c1890 pub, known
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Multipart acquires Hunter Valley site for first low density housing project
Multipart Property has acquired a Hunter Valley site with plans for its first house and land project. The 57 hectare
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IJ Capital exits Gold Coast mall
IJ Capital has sold a Gold Coast mall after two years and a renovation. Benowa Gardens, at Benowa, four kilometres
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Centuria, Morgan Stanley form healthcare fund
Centuria has formed a joint venture with Morgan Stanley Real Estate Investing to acquire and develop healthcare product. The Centuria
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HMC, Wel.Co trade another Armstrong Creek retail investment
HMC Capital – the new name for Home Consortium, or HomeCo – has settled on another near-new Armstrong Creek investment
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Andrew Forrest spends $70m on East Kimberley cattle stations
Andrew and Nicola Forrest, via their diversified agribusiness, Harvest Road, have picked up a portfolio of East Kimberley cattle stations.
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Bob Ell banks major capital gain at Milperra
Bob Ell’s Leda Holdings has banked a substantial capital gain from an older-style Milperra industrial investment held for four years.
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SRG snares WBHO Infrastructure
Western Australia based SRG Global has snapped up Probuild arm WBHO Infrastructure for $15.2 million. The deal was announced one
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ADIA boosts exposure to industrial fund
The Abu Dhabi Investment Authority will tip over a billion dollars into the LOGOS Australian Logistics Venture, created with LOGOS,
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Shannon Bennett sells historic Burnham Beeches to Smorgon consortium
Former celebrity chef Shannon Bennett and property investor Adam Garrison have sold Sherbrooke’s historic Burnham Beeches. The 22.7 hectare property
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Fast growing grocery delivery start-up arrives in Melbourne
Grocery delivery start-up Milkrun has leased its first Melbourne ‘dark store’ – at South Yarra. Established six months ago by
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Goldfields signs South Yarra co-work office deal
Goldfields Group will team with JLL’s Flex Space division to operate a three level co-working space, The Loft, at a
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Mark Lo Giudice snaps up Camberwell Junction shop
A corner store opposite the City of Boroondara’s headquarters has been snapped up by former Carlton Football Club president Mark
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Elanor to seed fund with $185m Pyrmont office
Elanor Investors Group (ENN) is spending $185 million on a modern Pyrmont office for a single asset fund. The deal
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Craft bottle shop, bar chooses Fitzroy for maiden Melbourne store
Odd Culture – a boutique bottle shop and bar with four interstate locations – has chosen arguably Fitzroy’s most prominent
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Gurner enters Geelong with $300m apartment, hotel plan
Gurner will team with land owner Dean Montgomery to develop a $300 million hotel and apartment project in central Geelong.
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