Central Dandenong office fetches $14m with leaseback
IBISWorld Australia chairman and chief executive officer, Justin Ruthven, is paying $14 million for a central Dandenong office with long-term
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Fortis spends $82m on Double Bay sites
Fortis has acquired its sixth Double Bay development site. Actually four holdings covering 2-10 Bay Street and 294-298 New South
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Alphington site sold for BTR, retail project
Time & Place, in an equal partnership with the Buxton family’s asset manager and finance arm, Corsair Capital, has spent
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Apartment developer swoops on Alma Park leisure centre
High end apartment developer Neometro has outlaid $21.8 million for a major leisure centre opposite Alma Park, in St Kilda
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Major south east Melbourne infill site to fetch over $250m
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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Yoghurt factory collects $8.2m from pharmaceutical group
A pharmaceutical group has paid $8.2 million for a Smithfield industrial property with plans to occupy. The 4546 square metre
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Growthpoint pays $125m for Hawthorn East office
Growthpoint Properties has paid $125 million for a recently completed office in Melbourne’s leafy Hawthorn East. The campus style building,
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Geelong Private Medical Centre sold again
A Chinese syndicate has sold the Geelong Private Medical Centre held for five years. The four storey asset, 73-79 Little
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Cotton On founder snaps up Fyansford town centre sites
Cotton On founder and majority owner Nigel Austin has paid $7.15 million for the Gen Fyansford Town Centre sites near
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Dexus swoops on Sunshine Coast dual service centre
Dexus, for its managed Convenience Retail REIT (DXC), has snapped up the Glass House Mountains dual service centre on either
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Charter Hall, PGGM secure inner Brisbane industrial investment with upside
Charter Hall and Dutch pension fund PGGM have outlaid $60 million for a fully leased Bowen Hills industrial investment with
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Tea shop sells for record $132,500 per sqm
A Circular Quay shop the size of a one bedroom apartment has sold for $5.7 million – setting a national
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Worrell, Hagen families list Mercedes Toorak dealership
The family of late car broker John Worrell, and his former business partner, Karl Hagen, are selling the Mercedes Benz
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WBHO calls in administrator for Probuild
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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Marquette, Mercer snap up Brisbane offices
Major fund managers have outlaid over $540 million for two Brisbane CBD offices. In the biggest deal, Marquette Properties, backed
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Panel beater leases ex-Mazda distribution centre
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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Smorgon family offer West Melbourne serviced apartment complex
Victor Smorgon Group, Robert Dicintio’s Trenerry Property Group and the Kanat family have listed a recently completed serviced apartment complex,
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Colin DeLutis lists parkside Brunswick East site
Colin DeLutis is selling a parkside Brunswick East development site acquired in 1977 as part of his Westco Jeans empire.
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ID_Land invests again in south east Melbourne
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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Daryl Browning quits ISPT
Daryl Browning will step down as ISPT chief executive officer after 17 years. In a statement, chair Rosemary Hartnett said
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Stockland to redevelop WSU Penrith campus
Stockland will team with Western Sydney University to replace the latter’s Penrith campus with a master-planned, mixed-use precinct. As part
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Charter Hall snares South Coast Bunnings
Charter Hall has picked up its 66th Bunnings, at South Nowra. The year old outlet on 2.935 hectares at 145-159
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Sammut snaps up another Cronulla apartment site
Sammut Group has snapped up an older-style, three storey apartment block opposite Cronulla Beach with plans to replace it with
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Nicole Chow sells biotechnology precinct car park
UAG has sold a major car park investment forming two basement levels of a 20 storey North Melbourne apartment tower.
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Clarence swoops on Brisbane industrial site
Clarence Property intends to develop a business park – Heathwood Hub – on a 17 hectare south Brisbane site it
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Site beside Westfield entrance collects $11m
A Hurstville commercial building developed in the 1960s – some decade before the enormous Westfield complex went up next door
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Interstate school buys Gold Coast office
A Melbourne based education group has outlaid a speculated $15 million for a modern Varsity Lakes office it will part
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Endeavour purchases Empire Hotel
The recently listed Endeavour Group, formerly known as ALH, has paid $11.5 million for the freehold going concern of Kilburn’s
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Preston Toyota dealership sold for apartments
Build to Rent developer Make Ventures is paying McMillan Property c$40 million for the Preston Toyota dealership. It is a
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Hines acquires another Melbourne BTR block
Hines has snapped up another Build to Rent site, this time in North Melbourne. The 3068 square metre holding, 36-58
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Goldfields moves into Western Australia with Margaret River buy
Goldfields has purchased its maiden Western Australian housing estate site at Margaret River. The 47.12 hectare holding, 211 Darch Road,
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Mirvac divests historic Tramsheds
Mirvac has sold Revelop the Tramsheds complex at Forest Lodge. The price – about $52 million – is some 53
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NorthWest invests in Campbelltown, Kellyville
NorthWest Healthcare Group, through its New Zealand listed Vital Healthcare Property Trust, will team with the Campbelltown City Council to
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Bunnings converted Tesla dealership fetches $30m from Charter Hall
Charter Hall has purchased a renovated Telsa backed dealership in Sydney’s Miranda. On 4530 square metres, the two level building
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Pace buys, sells Melbourne assets
Pace Development Group has reweighted its portfolio – buying and selling properties in Melbourne’s south. In the outer suburbs, the
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Royal Melbourne Hospital leases at Elizabeth North
PDG has secured the Royal Melbourne Hospital to the last piece of a near completed office, part of the $750
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ESR fills first speculative Queensland project
ESR Australia has leased its first speculative Queensland project – at Willawong, south of Brisbane. The 12,800 square metre building
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Singapore group swoops on two Docklands offices
Singapore listed Straits Trading Company has substantially increased its exposure to Melbourne, outlaying c$150 million for two neighbouring mid-rise offices
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CBA commits to landmark Adelaide office
The Commonwealth Bank of Australia has leased 1600 square metres within the Entrepreneur and Innovation Centre, set to be the
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Glorious Sun offloads Tally Ho office after three years
Hong Kong listed retail group Glorious Sun has sold a renovated office in Burwood East’s Tally Ho business park after
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Developer buys Chapel Street’s ‘huts market’
The Simonds group has snapped up South Yarra’s Chapel Lane Huts site with plans to build a family office. The
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Trilogy offloads Costa’s Ravenhall HQ
Trilogy Funds has sold a modern Ravenhall office held for eight years. The three storey building at 271-279 Robinsons Road,
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Dorado snaps up childcare portfolio for new fund
The investment arm of Dorado Property will establish an early learning fund after paying $18.4 million for four Western Australian
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Preston warehouse trades between investors
Private investors have traded a large Preston warehouse which has been occupied by one business since 1994. The 4916 square
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Link makes $1.13b office play
Oxford Properties Group has sold a 49.9 per cent stake in its $2.3 billion Investa Gateway Office venture to Link
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EG, Invesco trade stake in Brisbane mall
EG is paying Invesco $215 million for a half stake in Brisbane’s Grand Plaza shopping centre. The off market deal
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Gurner secures second Gold Coast apartment site
Gurner, with financier MaxCap Group, has picked up a second Gold Coast development site, this time at Burleigh Heads. The
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GreenFort chooses South Brisbane for maiden BTR project
Investment manager GreenFort Capital, in a new partnership with Canada’s BentallGreenOak and Partners Group, of Switzerland, has entered the Australian
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Ascot picks up regional wine distribution centre
The Wine Depot, a brand of ASX-listed Digital Wine Ventures, has sold a Barnawartha North distribution centre with a 12
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PBA divests another North Sydney office
Syndicator Property Bank Australia and lender Security Capital Corporation have sold a North Sydney office after 10 years and a
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LOGOS boosts east coast development pipeline
LOGOS, in a partnership created last year with KKR and Mubadala Investments, has snapped up two east coast development sites
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Wingate invests $52m on car park
Melbourne based fund manager Wingate is paying Mirvac $52 million for the leasehold of an eight storey car park forming
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Aldi sells first Victorian supermarket
Aldi – which typically aims to own properties it occupies – has instead sold a bayside supermarket with a leaseback.
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Argo, Hickory upsize proposed Melbourne office
Argo Group and Hickory – directed by different Argyrou brothers – will lengthen a proposed Melbourne CBD office after buying
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Telstra sells surplus Box Hill block
Telstra has finally offloaded a central Box Hill site, abutting an exchange. At 30 Cambridge Street, the 902 square metre
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Altis, Aware secure another Melbourne BTR site
Altis Property Partners and Aware Super have teamed to buy another Melbourne Build to Rent site, this time at Preston.
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Coles sells Victor Harbor store
Coles has sold a three year old Victor Harbor retail investment to Adelaide businessman Andrew Gwinnett. The 2.4 hectare asset,
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Fortis adds two more Melbourne sites to portfolio
Fortis has added two more Melbourne sites to its office development pipeline. In Richmond, the group is paying Little Projects
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Anglers Tavern sold
EG, backed by a lease commitment to Australian Venue Co, has purchased the freehold going concern of Maribyrnong’s landmark Anglers
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City fringe offices fetch $109m from Rathdrum
Rathdrum Properties has swooped on two inner Melbourne offices. In the biggest deal the group is paying $67.6 million for
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Aliro snares neighbouring Chipping Norton sites
Aliro has quietly snapped up two neighbouring Chipping Norton industrial investments for their development upside. The 4.91 hectare holding incorporating
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Allianz, NPSK spend $630m on Darling Harbour office
Allianz Real Estate Investors and the National Pension Service of Korea have purchased a half stake in the campus style
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SPC offloads Shepparton plant with a leaseback
SPC has sold its landmark Shepparton food processing plant and distribution centre with a 30 year leaseback. The $66 million
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Centuria, GIC acquire West Village retail component
Three commercial components of the $1.1 billion West Village complex, which is replacing Peter’s Ice Cream factories at West End,
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Frasers picks up Brisbane housing estate site
Frasers Property Australia has secured another housing estate site, this time at New Beith, about 47 kilometres south of Brisbane.
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Sentinel invests again in the NT
Sentinel has acquired two more top end properties. In Darwin, the fund manager is paying $7.4 million for a cold
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GeelongPort sold for c$1.2b
Palisade Investment Partners has made its second major infrastructure purchase in two months – teaming with Spirit Super to acquire
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Sydney restaurateur snaps up Budgewoi hotel
Sydney hospitality veteran Bill Drakopoulos has picked up Budgewoi’s Coast Hotel, which will be managed with his sons Daniel and
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CapitaLand acquires stake in Greenwood Plaza, 101 Miller Street
Singapore listed CapitaLand Integrated Commercial Trust (CICT) has purchased a 50 per cent interest in North Sydney’s Greenwood Plaza and
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Adamantem offloads NZ aged care portfolio
Adamantem Capital has sold 38 New Zealand aged care investments with a 30 year leaseback for $276 million. The assets
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Mintus buys Parramatta office, development site
Mintus has paid $154 million for an A-grade Parramatta office and neighbouring development site permit-ready for another. The off-market deal
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Peet snares balance of $3.4b Brisbane project
Peet Limited has snared full control of Brisbane’s $3.4 billion Flagstone City. The developer already controlled a half interest in
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Skipping Girl complex sold to developer
Little Audrey – also known as the Skipping Girl vinegar sign – will be fixed to a taller tower under
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APH expands CBD holding with Vosti House
APH Holdings has quietly acquired the Vosti House apartment building from 13 strata title owners. The five level complex at
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ISPT picks up another Coolum Beach shopping centre
ISPT has purchased another small shopping centre at Coolum Beach, on the Sunshine Coast. Coolum Park at 21 South Coolum
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Aliro secures Dandenong South warehouse
David Southon and Daniel Wise’s Aliro Group has snapped up another Melbourne industrial investment, this time at Dandenong South. The
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Investors buy Adelaide, Brisbane, Sydney malls
Three metropolitan malls have sold in deals totaling $344.5 million. In Brisbane, YFG Shopping Centres is paying Blackstone subsidiary 151
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Charter Hall outlays $134.3m on childcare centres
Charter Hall Social Infrastructure REIT (CQE) has acquired 21 childcare centres via two portfolio deals. The $134.3 million outlay reflects
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Epping commercial sites fetch c$50m
Three major commercial properties across the road from each other in Epping, considered the CBD of Melbourne’s north, have sold
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APH snaps up more of Elizabeth Street
APH Holdings has snapped up three adjoining sites near the city’s top tip – including the former Royal Saxon Hotel.
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