Mirvac readies to replace ex-Melbourne Convention Centre
Mirvac has launched a leasing campaign for an office on the site of the former Melbourne Convention Centre. The Civic,
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Harmony sells Larapinta forklift warehouse
Harmony Property Investments has sold a Larapinta office, showroom and warehouse for $9.34 million. The fund manager paid $6.88m –
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Nick Politis acquires another Brisbane retail investment
Sydney Roosters chairman Nick Politis has paid $29.75 million for a fully-leased Brisbane mixed-use investment. The five-storey property at the
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De Luca offloads Bunnings Plainland
De Luca Corporation has sold a Bunnings investment in Plainland, about 60 kilometres west of Brisbane. The price achieved for
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Anthony Scali buys Double Bay hotel
Anthony Scali – the managing director of furniture chain Nick Scali – has paid $35 million for Double Bay’s Savoy
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Fishermans Bend Innovation Precinct unveiled for ex-GMH site
The state government has committed an initial $179.4 million to develop the ex-General Motors Holden site as the Fishermans Bend
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Offshore developer snaps up Balaclava block
An Asia based developer is paying $5.35 million for neighbouring Balaclava warehouses with plans for a mixed-use project. The 1158
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Gandel, Vicinity unveil another Chadstone office
Gandel Group and Vicinity Centres have unveiled a third major office at Chadstone – The Fashion Capital. Due for completion
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Yarraville servo trades for eight figure sum
A Shell-backed service station which recently replaced a Beaurepaires in Melbourne’s inner west Yarraville has traded for $10.9 million. Elite
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Investors outlay $34m on childcare centres
Six childcare centres sold for a total of $33.992 million at a bulk auction event today. The priciest, at 322-328
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Abacus, Public Trustee of Qld offload Brisbane office
PGIM Real Estate is paying $54.4 million for a Brisbane CBD office. The modernised c1965 structure, 444 Queen Street, was
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CBIC doubles money on Brisbane office
City of Brisbane Investment Corporation has sold the CBD’s historic former Gordon & Gotch building after four years and a
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Brookfield sells 50.1pc stake in two Sydney offices
Brookfield has sold a 50.1 per cent stake in neighbouring CBD offices. In the biggest deal, Marprop is paying $140.1m
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MPG acquires retail-converted-office
MPG Funds Management is paying $26 million for a modern, central Townsville office. City Point, at 101-119 Sturt Street, on
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Perron Group sells Perth mall
Perron Group has sold The Square Mirrabooka after 32 years. The $195 million deal is with Melbourne-based Fawkner Properties, which
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Australia Post sells Fitzroy Business Centre to Piccolo
Australia Post has sold its Fitzroy Business Centre to apartment developer Piccolo. The 1192 square metre site, 371-385 Gore Street,
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Stones Corner office to seed diversified Harmony fund
Harmony Property Investments has purchased a Stones Corner office – its ninth Queensland asset – for a new diversified fund.
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Consortium lists Spotswood industrial site
A major site beside the West Gate Freeway has been listed by a consortium of private investors. The 1.57 hectare
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Alfred buys St Kilda Road block for research hub
St Kilda Road is set for its first major office building this century – with Alfred Health paying $31m for
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Historic Nicholas Building for sale
A trophy asset developed as an investment by Aspro founders, brothers Alfred and George Nicholas, is for sale as a
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Lendlease expands Flagstaff Gardens holding with $203m deal
Lendlease has made a tactical office purchase, picking up 469 La Trobe Street, opposite Flagstaff Gardens, from Swiss Re. The
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Genesis opens Emporium showroom
Hyundai-owned luxury car make, Genesis, yesterday opened a 390 square metre showroom within Vicinity Centre’s Emporium Melbourne. The Korean manufacturer
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Bunnings offloads Mill Park land
Bunnings has offloaded a vacant block next door to its Mill Pak store. The 1.4 hectare tract, 18 Bush Boulevard,
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South Yarra corner trades for c$5.4m
An owner-occupier is speculated to be paying $5.4 million for a South Yarra corner site. At 329-333 Toorak Road and
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ALE lists Cheltenham hotel
ASX-listed ALE Property Group is offering another hotel freehold – this time at Cheltenham. The Tudor Inn at 1281 Nepean
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De Luca purchases Northgate convenience retail site
De Luca Corporation has acquired a Northgate industrial site for $6.65 million with plans to rebuild it as a convenience
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ESR becomes Australia’s third largest industrial owner
ESR Australia today settled on a $3.8 billion purchase of 45 industrial investments – the Milestone collection – and a
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Dandenong South industrial investment trades for $16.78m
A showroom and warehouse on 1.92 hectares, in Dandenong South, has sold to a private investor for $16.78 million. The
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GIC, Nuveen offload Myer Melbourne controlling stake
Singapore sovereign fund GIC with Nuveen, a wholly owned subsidiary of the Teachers Insurance and Annuity Association of America, have
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Fast food record yield set for second time in 15 months
In a case of history repeating, a KFC restaurant has sold for a price reflecting a record low yield for
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SCA acquires second Newcastle shopping centre in a week
SCA Property Group has purchased its second sub-regional Newcastle shopping centre in a week. Marketown – which turns 10 years
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Bridge Street Plaza trades for $10.5m
A Sydney investor has spent $10.5 million on Toowoomba’s Bridge Street Plaza. The shopping centre, on 8100 square metres at
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Charter Hall buys Butler shopping centre from Woolworths
Charter Hall, for its Retail REIT (CQR), is paying Woolworths $51.2 million for Perth shopping centre Butler Central. The deal
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Castlerock purchases Ipswich’s Icon building
Cromwell Property Group has sold Ipswich’s Icon building for $145.2 million. The seven year old property, 117 Brisbane Street, was
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Pask Group wins approval for East Melbourne apartment project
Pask Group has won permission to replace the airspace behind East Melbourne’s c1873 College House, opposite Fitzroy Gardens, with a
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Investa appoints new chief executive
Investa has appointed Peter Menegazzo as the group’s chief executive officer, effective July 1. The businessman will replace Jonathan Callaghan
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Charter Hall industrial fund snaps up Auburn Redyard
Charter Hall has purchased the Auburn Redyard entertainment complex and neighbouring land available for immediate development. The deal, with Reading
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Woolworths’ HQ for sale
Inmark Asset Management has listed Woolworths Group’s headquarters. The fund manager, which holds the asset for South Korean institutions, can
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Blackstone offloads Canberra office
Blackstone has sold an A-grade Canberra office it picked up 10 years ago through its $207 million takeover of Valad
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Growthpoint picks up Sydney Olympic Park office
Growthpoint has agreed to pay $52 million for the leasehold of a six level Sydney Olympic Park office. The deal,
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EG spends $450m on Sydney offices
EG has paid $450 million for three Sydney offices. The deal, for 32 Walker Street, North Sydney (pictured, top, and
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Centennial secures Scania to Campbellfield
Centennial Industrial & Logistics has committed Scania to part of a Campbellfield industrial investment it picked up six months ago.
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Broo sells Ballarat brewery site
Plans for a $95 million eco-brewery on Ballarat’s outskirts are off the table – with Broo Limited selling the land
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Centuria acquires three east coast industrial investments
Centuria has spent $86.1 million on three more industrial investments. In Sydney, the group is paying $33.5m for a 13,233
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Ludlow Group buys Wollongong’s Five Islands Hotel
Oscars Hotels has sold Wollongong’s Five Islands Hotel 10 months after a major renovation. The 64 year old venue, previously
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Woolworths buys Kiama shopping centre from ISPT
Woolworths has paid ISPT a speculated $49 million for the Kiama Village shopping centre, with plans for a major refurbishment.
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CostaFox proposes two towers around Robur Tea House
EXCLUSIVE CostaFox has unveiled plans for two gold towers – one rising 25 storeys – around Southbank’s historic Robur Tea
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Brighton aged care home collects $8.5m
A Brighton aged care facility with medium term development upside has sold to an investor for $8.5 million. At 108
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Active Super expands North Sydney holding
Active Super – which until last month was known as Local Government Super – has outlaid $25 million for a
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Vacant Eastwood bowls club sells for $10m
The former Brush Park Bowling Club, in Eastwood, has sold for $10 million to an as yet undisclosed community group.
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Centuria buys Footscray office from Grollo family
Centuria Capital Group will seed an unlisted, single asset fund with a modern Footscray office acquired from the Grollo family.
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The Brag Media chooses Marrickville for maiden Rolling Stone venue
The Brag Media has spent $7.67 million on a vacant Marrickville shop with plans to open a Rolling Stone branded
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Ex-Bunnings leased for second NSW COVID vaccine hub
Wesfarmers managed BWT Trust has secured the state government to a Lake Macquarie Bunnings store which has been vacant since
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Up Property pre-commits Barwon Health to Geelong office
Up Property has pre-committed Barwon Health to a five storey Geelong office set to replace the Belcher Arcade. The state
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Caydon sells Moonee Ponds retail investment
Two retail investments sold for low yields this week. In Altona North, a fast food restaurant held for 32 years
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International college leases Lidcombe office
International business college SP Jain School of Global Management has leased a Lidcombe office for 10 years. The occupier had
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SCA buys Raymond Terrace shopping centre
SCA Property Group has entered a put and call option deed for a Newcastle region shopping centre. Exercisable after July
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Fortis, Dare pay $41m for Point Piper site
Fortis, in partnership with Dare Property Group, has acquired another inner-east development site – this time at Point Piper. The
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Telstra offers two suburban sites
Telstra has listed surplus sites on two sides of the city. In Springvale, a 705 square metre block at 18-26
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Australian Unity, Dexus form healthcare partnership
Dexus has made a $180 million cornerstone investment in the Australian Unity Healthcare Property Trust. As part of the partnership,
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Australian Unity spends $55m on aerospace centre
Australian Unity is paying c$55 million for the first stage of the Williamtown Aerospace Centre. The 1.78 hectare property, developed
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Investa, Oxford launch BTR management platform
Investa in conjunction with Oxford Properties, has launched a Build to Rent management platform for its Australian portfolio – expected
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Charter Hall Long WALE fund value lifts
A Charter Hall trust – responsible for about a tenth of the group’s funds under management – has recorded a
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IP Generation snaps up Lederer retail portfolio
IP Generation is paying businessman and Western Sydney Wanderers co-owner Paul Lederer c$300 million for six New South Wales shopping
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Up Property acquires Wantirna South townhouse site
Up Property is paying $6.42 million for a townhouse site in Melbourne’s east. The 7386 square metre parcel, 500 Stud
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Racing Queensland chair buys dilapidated Lamb House
Racing Queensland chair, businessman Steve Wilson, and his wife, Jane, have acquired Brisbane’s Lamb House with plans for a major
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Longriver pays $49.2m for prime city corner
Longriver has purchased a collection of CBD buildings covering the south east corner of Lonsdale and Russell streets. The off-market
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MarketPlace Fresh buys former Boundy’s supermarket
MarketPlace Fresh is coming to the North Essendon Village after acquiring the former Boundy’s supermarket. The Epping Market based fruit
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Care Park lists nine investments with leasebacks
Care Park has listed nine parking lots – just under 10 per cent of its portfolio – to acquire more
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Carlton church offered after a century
Postscript: this site sold to a residential developer for $4.2 million. Churches of Christ is offering a small Carlton cathedral
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Glen Waverley development site collects $11.5m
A Glen Waverley development site which made headlines in 2015 when the vendor offloaded it after two months for a
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QIC lists half-stake of Gold Coast shopping centre
QIC has listed its half stake in Gold Coast’s Helensvale Town Centre. The government owned investment company – which turns
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Dandenong Family Court sold
The Dandenong Family Court has finally sold – for $12 million. The three storey property at 53-55 Robinson Street hit
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Interstate investor snaps up Kedron industrial sites
A Sydney investor has purchased a 1.67 hectare amalgamation of industrial properties at Brisbane’s north Kedron. The sites, 531A-537 Gympie
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Miami shopping centre earns $9.1m from local
A Gold Coast investor is paying $9.1 million for the Miami Village shopping centre. The price for 110 Mountain View
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Ascendas banks $125.1m from three logistics investments
Ascendas Reit has agreed to sell three east coast industrial investments for a total of $125.1 million. The disposals –
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Elanor sells ex-Belconnen Markets car park
An Elanor Investors Group (ENN) syndicate has sold the Belconnen Markets car park prior to the close of an expressions
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Goodman secures two pre-commitments at Truganina
Goodman has pre-committed two groups to Truganina’s West Industry Park. In the biggest deal, packaging supply and personal protective equipment
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Developer picks up Ivanhoe Squash Courts
The prominent Ivanhoe Squash Courts – abutting an Ivanhoe train station car park – has sold to a local developer
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Two low-rise St Kilda Rd precinct apartment blocks sell
Two low-rise apartment blocks in Melbourne’s inner south have sold to make way for bigger projects. At 545 St Kilda
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