Sector embarks on major spending spree
Sector Property Group has swooped on a major industrial asset in Melbourne’s west Altona, with plans for a business park.
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Forza acquires unrenovated legal precinct office
Forza Capital is banking on an upturn in Melbourne CBD office leasing demand, picking up a B-grade investment with plans
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Defelice family offloads Nunawading housing portfolio
The family of late eastern suburbs builder Tony Defelice has sold a Nunawading residential portfolio. On an 8056 square metre
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AMP snares balance of Macquarie Centre, Pacific Fair
AMP has taken full control of the Gold Coast’s Pacific Fair and Macquarie Centre in Sydney after striking a $760
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Former Toll exec banks $128.5m from industrial investments
Lyall McLachlan, who in 1985 teamed with Paul Little and Peter and Mark Rowsthorn to acquire Toll Holdings, has sold
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Cornell, Gyngell sell iconic Brunswick Heads pub
Delvene Cornell, the widow of actor and businessman, John ‘Strop’, and former Channel Nine boss David Gyngell, have sold the
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Burbank swoops on Camberwell’s Kaydon Court with townhouse plan
A block of older style Camberwell flats – which the local council unsuccessfully tried to have heritage protected earlier this
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‘Booze Brothers’ sell down hotel portfolio
Veteran publicans Adrian and Leon Saturno, known in industry circles as ‘the Booze Brothers’, have retired after selling their last
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HPI offloads Acacia Ridge Hotel
Hotel Property Investments has banked a major capital gain from a Brisbane pub held since 2019. The Acacia Ridge Hotel
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WOTSO acquires Cremorne site
Co-working office provider WOTSO has paid $9.2 million for a former 2nds World outlet on Sydney’s lower north shore. The
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Pub entrant pays $20m for historic Newcastle venue
Partners Group Australia, a pub sector entrant led by Sydney based private equity banker Martin Scott, is paying c$20 million
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Holman expands in Broadmeadows
Holman Industries has leased part of the Broadmeadows Logistics Estate, under construction on the site of an ex-Woolworths distribution centre.
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Dexus fund purchases two more Brisbane servos
Dexus has swooped on two modern petrol stations north and south of Brisbane. At Chandler, the group is spending $11.7
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Oxford, Gurner move ahead with Melbourne BTR towers
Two inner south Melbourne sites are set to make way for Build to Rent projects. At Southbank, Investa and Oxford
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Abacus, Blackstone trade Sydney office
Abacus has exchanged contracts to purchase 77 Castlereagh Street from Blackstone. The 11 level office on airspace over the Westfield
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Beacon snaps up another outlet from landlord
Beacon Lighting Group has purchased another property it rents – this time at Modbury. The large format retail asset on
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Mazen Tabet buys Village Belle, apartments
Mazen Tabet has snapped up the Village Belle freehold and a three storey block of apartments behind it. The $31
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Developers snap up two outer Melbourne commercial sites
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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Growthpoint acquires Canberra office, cashes up
Altis has offloaded Canberra’s former Penrhyn House after four years. The six storey office, 2-6 Bowes Street, at the south
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Telstra commits to landmark Adelaide office
Telstra will relocate its Adelaide headquarters to Charter Hall’s 60 King William Street. The 10 year deal is for 6000
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GDI picks up two Perth car parks from Perron
GDI Property Group is paying Perron Group $68.5 million for two Perth CBD car park investments with long term development
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Clendon Road mansion to be razed for apartments
PB&Co has won permission to build apartments on the site of an art deco mansion in one of Toorak’s most
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RAM buys ex-Virgin HQ for unlisted fund
Real Asset Management has picked up an inner-city office park for its Diversified Property Fund. The Bowen Hills asset, 56
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LOGOS secures car parts giant to Broadmeadows
LOGOS has secured GPC Asia Pacific to a 39,000 square metre distribution centre at its Broadmeadows Logistics Estate, north of
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Adbri sells Geelong silos site for housing
Adelaide Brighton Cement, or Adbri, has sold the hilltop Geelong site which between 2017 and last April, accommodated silos painted
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Proterra banks $360m from SA, Vic farms
Proterra Investment Partners has banked over $360 million selling 49 farms to 23 local buyers. The price for the Corinella
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Yiddinga sold after 30 years
Farmer Andrew Farran, a former Australian diplomat and trade advisor, has sold West Wimmera’s Yiddinga after 30 years. Six kilometres
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Ryman snaps up three more sites
Ryman Healthcare is on track to becoming Victoria’s biggest aged care and retirement living provider after snapping up two more
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SC Capital makes maiden Brisbane investment
In its maiden Brisbane deal, SC Capital has picked up a Stapylton industrial investment with immediate development upside. The 3.7
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Greenvale farm collects over $90m from Jinding
Jinding is paying c$95 million inclusive of GST for a Greenvale farm capable of yielding about 400 housing lots. The
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Jinding buys Wollert site to expand estate
Jinding has snapped up a Wollert site next to its The Patch estate, which it starting building the infrastructure for
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Blackstone spends $2.1b for stake in logistics portfolio
Blackstone, via its Core+ Real Estate strategy in Asia, will pay $2.1 billion for a 49 per cent stake in
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Irongate invests $156m in Perth, Melbourne
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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Ex-Wallabies player offloads Albury’s Northside Hotel
Harvest Hotels has snapped up another regional New South Wales asset, this time at Albury’s Lavington. The Northside Hotel at
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MAB to build Richmond strata offices following $13.2m deals
MAB Corporation has sold two large strata offices at its Yarraberg Workspaces complex, set to start construction in Richmond. In
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Apartment developer snares Surry Hills motel
Surry Hills’ budget City Crown Hotel has sold to developer George Karageorge, director of Stasia, who is planning a residential
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Barwon swoops on St Kilda Road tower
Barwon Investment Partners has snapped up 607 St Kilda Road for its Healthcare Property Fund (HPF). The price – c$75
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UBS pre-commits to Charter Hall’s Chifley South
Charter Hall has secured Swiss financial services giant UBS to the Chifley South tower, earmarked for podium airspace at the
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Tradezone leases Goodman distribution centre
Online electrical wholesaler Tradezone has leased part of Goodman’s Huntingwood East Distribution Centre as its maiden Sydney location. The agreement
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Canberra convenience centre fetches $18m
A Canberra essential services investment – with a petrol station, childcare centre, gym, Hungry Jack’s restaurant and showroom attached to
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Panel maker leases warehouse in ‘CBD of the north’
Creative Composites, which manufactures panels for recreational vehicles (RVs) and the construction industry, has leased an Epping warehouse about to
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Defence department to relocate Sydney HQ
The Department of Defence has signed a major Sydney CBD office rental agreement. The federal government arm has committed to
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Andrew Forrest buys farm, hotel and vineyard
Andrew and Nicola Forrest’s Tattarang has outlaid about $50 million for two Western Australia investments. In the biggest deal, the
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Villa Maria to rebuild prominent Kew site
VMCH – also known as Villa Maria Catholic Homes – has won approval to replace a prominent Kew site held
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West Gate Tunnel Authority, Aware Super sign Melbourne office leases
LaSalle Investment Management has secured the state government to a Docklands office. The West Gate Tunnel Authority has leased a
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Forza picks up another Brisbane office
Forza Capital has paid $41 million for a B-grade Brisbane office with plans for an uber-green overhaul. The asset, 200
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Former school set for townhouses
A $60 million townhouse project is set to replace the former Keysborough Park Primary School. The Woodlands Estate, as the
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Australian Unity offloads Parramatta office for premium
Australian Unity is banking $66 million – a five per cent premium to the June, 2021 book value – for
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Stadia buys Harry Seidler designed North Sydney office
Stadia Capital is paying over $80 million for North Sydney’s seven level Simsmetal House. The heritage protected Harry Seidler designed
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EG doubles down in Blackburn
Forza Capital has sold two east Melbourne industrial investments to EG Funds Management. In the biggest deal, a multi-tenanted 21,903
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Pelligra invests again in South Australia
Three weeks after backing the construction of a Kangaroo Island golf course, resort and residential community, Pelligra has acquired an
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Newmark fills ex-David Jones store, floats first fund
Mecca will move into the ground and first floor of David Jones’ outgoing menswear store, on the Bourke Street Mall.
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Eureka bids for Whitsunday seniors accommodation complex
ASX-listed Eureka Group Holdings is buying a short-stay accommodation complex at Bowen, in the Whitsunday region. The deal is conditional
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Andrew Forrest earmarks hotel for Indiana teahouse site
A four storey hotel would be developed behind a renovated Indiana teahouse under plans by Andrew and Nicola Forrest’s property
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AMP secures ATO to George Street
The Australian Taxation Office has signed a 10 year lease for a third of 255 George Street, which is undergoing
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Gandel family buy Armadale antique store
Tony Gandel – the son of billionaire shopping centre investor John – with his wife, Helen, are paying $6.15 million
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Shaw Fabrics pre-commits to Frasers industrial estate
Frasers Property Industrial has pre-committed a second group, Shaw Fabrics, to Tarneit’s Canvas West business park. The blinds and fabric
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CBD Europcar outlet trades
A strata retail investment forming the ground and basement level of the Franklin Lofts apartment building has sold for a
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Hewitts sell Toorak pad
Lleyton and Bec Hewitt have offloaded their Toorak home after four weeks on the market. The five year old dwelling,
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Officeworks chooses Chadstone for HQ
Wesfarmers owned Officeworks will relocate its headquarters from a collection of Bentleigh East offices – to Chadstone shopping centre. The
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Surry Hills office sells for auction record price
A warehouse converted Surry Hills office has traded for $24 million – a suburb record for a commercial property auction.
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Tarneit apartment site fetches c$13m
A central Tarneit site – opposite a proposed town centre – is trading for a speculated $13 million. Half of
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Investors outlay $13.65m on Langridge Street
A trio of small properties on Langridge Street, Collingwood, have traded for a total of $13.65 million. Closest to the
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Derrimut, Kilsyth warehouses earn $32.35m from private buyers
Local private investors have splashed out over $30 million on mid-size industrial assets each side of the city. In Kilsyth,
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Blackstone snaps up Grosvenor Place half stake
Blackstone has snapped up a half stake in Sydney’s Harry Seidler designed Grosvenor Place. The deal – worth $925 million
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SCA, GIC form $750m retail fund
SCA Property Group (SCP) has established a convenience retail joint venture with GIC. The unlisted vehicle, SCA Metro Convenience Shopping
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QIC offloading Gold Coast mall
IP Generation is speculated to be paying c$200 million for a half stake in both Westfield Helensvale and the neighbouring
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Mirvac picks up outer Sydney housing site
Having recently completed the Crest community at Gledswood Hills, Mirvac has snapped up a low density housing estate site at
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School buys Ascot Vale corner
A prominent Ascot Vale building last occupied by Autobahn and before that, Academic & General Bookstore, has sold for a
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Ampol servos collect $73.5m
Charter Hall has snapped up a 49 per cent stake in another portfolio of Ampol service stations. The 20 assets
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Keppel purchases North Sydney office
Third.i.Group and Phoenix Property Investors have sold an unbuilt North Sydney office to Lendlease, which has flipped it as a
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ESR splashes out on huge Coolaroo site
ESR Australia is paying a speculated price of over $45 million for a Coolaroo industrial investment with immediate development upside.
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Qualitas seeks to float
Qualitas, founded in 2008 by Andrew Schwartz and owned in equal part with backer Trawalla Group, directed by Alan and
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Vicinity secures Box Hill office pre-commitment
Vicinity Centres has pre-committed Hub Australia to a 25 level central Box Hill office. The co-working giant will take 4100
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Pearl swoops on Gold Coast servo, mechanic
Pearl Energy is outlaying $8.75 million on an Ashmore convenience asset. At 519 Olsen Avenue, on the north east corner
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Hawthorn home to Big4 fetches $15m
The Hawthorn office home to Big4 Holiday Parks has sold between local investors. The price for 313-317 Burwood Road –
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Westbridge seeds fund with Broadmeadows warehouse
Holman Industries has sold a major Broadmeadows warehouse with a leaseback. The $15.36 million deal for 125 and 145 Northcorp
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Brix, Costa AM acquire prominent Bayswater warehouse
A partnership comprising Brix Property Group and Costa Asset Management has purchased another infill industrial investment – this time at
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Montalto family snap up strategic block
Floridia Cheese owner the Montalto family has snapped up a Green Wedge zoned block near parcels affected by the Shenstone
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Aliro fills more of ex-Toyota sales HQ
Aliro has secured Australia Post to 12,750 square metres of Toyota’s former Woolooware Bay sales and marketing office, and warehouse,
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