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
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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
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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
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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
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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
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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
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Piccolo extends Fitzroy holding
Piccolo Developments has quietly snapped up two properties abutting a Fitzroy site it acquired from Australia Post last month. The
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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
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Art deco cinema sold for apartments
The former Paramount Theatre – once owned by Hoyts and later, the South Hurstville RSL then Civic Video – and
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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
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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
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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
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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
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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
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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
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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.
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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
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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
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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
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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
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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
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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
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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
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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.
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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
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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
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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
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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
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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
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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
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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
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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
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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
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CouriersPlease relocates within Mulgrave
CouriersPlease will relocate its eastern and southern suburb parcel delivery centre within Mulgrave. The occupier has just signed a three
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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
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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
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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
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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
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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
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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 –
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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
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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
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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
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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
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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
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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
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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
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Oxfam leases new HQ
A year after agreeing to sell its Carlton headquarters to student accommodation provider Scape, Oxfam Australia has leased a West
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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
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AVC rents Hotham Hotel
Australian Venue Co has leased the Hotham Hotel – considered “the heartbeat” of the alpine town. The Great Alpine Road,
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Ex-Atari showroom sells to developer
Sector Property Group has snapped up the distinctive spaceship shaped ex-Atari headquarters and neighbouring warehouse, in Oakleigh South. The sites,
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Fawkner Property picks up service station portfolio
Waypoint REIT (WPR) has sold 31 service stations to Fawkner Property trusts for a total of $113.9 million. The deal
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HomeCo outlays $80m on unbuilt healthcare investment
Home Consortium (HomeCo) has purchased Southport’s unbuilt Proxima building from Evans Long. The funds-through deal, worth $80 million, reflects a
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Paddington hotel sold to operator
The Captain Cook Hotel freehold, in Paddington, has sold for $10.5 million to a syndicate linked to the tenant which
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Tilley & Wills add Hawkesbury pub to portfolio
Simon Tilley and Nick Wills are speculated to be paying $12 million for the Richmond Inn Hotel, in Sydney’s outer
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Newcastle East hotel trades after 33 years
The Grand Hotel in Newcastle East is selling for a speculated $6 million. The c1891 pub has been held by
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EG snaps up Leppington land
EG has acquired a low density housing site at Leppington. The 2.05 hectare parcel, 22 Park Road, is understood to
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NextDC spends $124m for data centre plot
NextDC has acquired another west Sydney block for a data centre. The 12.4 hectare parcel – until recently part of
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Zagame, IPR trade $99m pub portfolio
IPR Hotels is paying Zagame Group $99 million for four Victorian hotel leaseholds. The priciest, in Berwick, 41 kilometres from
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Goodman acquires Castrol HQ
Goodman Group is understood to be paying BP Australia $40.2 million for Castrol’s Smithfield headquarters. The 7.16 hectare property, 132
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Chatswood Chambers sold
Linfield Developments has sold a B-grade Chatswood office for $56 million. The 1960s, 6765 square metre building rising 13-level at
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Qantas lists $500m portfolio
Qantas can expect c$500 million selling five surplus sites near the Kingsford Smith Airport. All up the properties spread 13.8
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Mosman aged care home collects $10m
Baron Vanilla Management, a joint venture between Baron Property Group and Vanilla Property Investments, has snapped up a Mosman retirement
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Marprop acquires Canberra police college
Marprop has picked up another Canberra asset – this time Barton’s Australian Federal Police College. The deal for the 1.5
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Roche Group snaps up regional pub
Roche Group has added to its regional NSW pub portfolio – with Armidale’s Royal Hotel. The off-market deal for 107
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Yuhu sells Eastwood mall
Yuhu Property Group has sold the Eastwood Shopping Centre for $155 million. The vendor, a company established by Chinese businessman
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Gateway picks up life sciences investment
Gateway Capital Industrial Partnership is paying $36 million for a Thornleigh life sciences investment. The three hectare property, 9-15 Chilvers
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Mirvac acquires Princes Park block
Mirvac has swooped on a gateway inner-north Melbourne block, with plans for an apartment project. The 6496 square metre Brunswick
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Armadale unit site collects c$16m
An Armadale site permit-ready for a five level apartment project has sold for c$16m. The 2186 square metre parcel, 79-83
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Sentinel snaps up Canberra office
Centuria has sold Canberra’s Scarborough House to Sentinel. The $83 million deal for the 14-level A-grade office reflects a 7.7
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Arrow targets Welshpool warehouse
Arrow Capital Partners has acquired another industrial investment – this time in Perth’s Welshpool. The 3.1 hectare site, 59-87 Pilbara
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ID_Land buys Armstrong Creek, Gisborne sites
ID_Land has snapped up two more housing estate sites. In the biggest deal, the group is paying $100 million for
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Helen Sykes sells 175 Flinders Ln
Businesswoman Helen Sykes has sold 175 Flinders Lane. The $25 million deal with a local private investor group reflects a
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Jim Knox acquires Whitebull Hotel
Guyra grazier and hotelier Jim Knox has acquired another regional pub. The Whitebull Hotel in Armidale is costing $13.25 million
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Dan Murphy’s trades for $11.2m
Another Dan Murphy’s backed investment has sold for an eight figure sum – this time in Bathurst. The $11.187 million
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IOOF buys west Sydney homemaker centre
IOOF is spending $68 million for the one month old Great Western Centre in Sydney’s west Minchinbury. The 10,770 square
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Occupier picks up vacant Surrey Hills office
Trident Financial Services has acquired a Surrey Hills office to occupy. The double storey building at 268 Canterbury Road, on
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AAIG, Dexus trade Woodside HQ stake
Dexus is paying $339 million for a 49 per cent stake in Woodside Energy’s Perth headquarters. The deal with Malaysia’s
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NTT snaps up Donnybrook housing site
Nippon Telegraph and Telephone Corporation is understood to be paying more than $100 million for a low density housing site
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Michael Renzella lists South Yarra hotel
Postscript: this property has now sold. Read our story here. Investor and developer Michael Renzella is selling South Yarra’s c1886
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