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New South Wales News 

Ascendas pays AMP $288.9m for Macquarie Park campus office complex

December 13, 2020December 14, 2020 Marc Pallisco

Ascendas Real Estate Investment Trust (Ascendas Reit) is spending $288.9 million on another Macquarie Park commercial investment. The campus complex

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New South Wales News 

EG outlays $48.75m for Rockdale Bunnings with redevelopment options

December 12, 2020December 13, 2020 Marc Pallisco

EG is spending $48.75 million on Rockdale’s Bunnings with plans for an industrial redevelopment if the occupier quits upon its

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News Queensland 

Ochre Health sells new Caloundra hub for $15.3m with a leaseback

December 12, 2020December 12, 2020 Marc Pallisco

Ochre Health has sold a new Caloundra medical centre with a leaseback for $15.3 million. The 1964 square metre double

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New South Wales News 

Moelis matches $45m pub price record with tactical Kinselas Hotel deal

December 9, 2020December 10, 2020 Marc Pallisco

Moelis Australia Hotel Management (MAHM) is paying $45 million for Darlinghurst’s Kinselas Hotel – adjoining the Courthouse Hotel which cost

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News Victoria 

Primewest pays $70m for Southbank retail, childcare investment

December 9, 2020December 9, 2020 Marc Pallisco

OSK Group has sold Melbourne Square Shopping Centre – a component of its $2.8 billion master-planned residential-based village in Southbank

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News Victoria 

Amazon crosses town to Charter Hall’s 555 Collins Street for HQ

December 9, 2020December 10, 2020 Marc Pallisco

Amazon has committed to 31 per cent of an office about to start construction at 555 Collins Street, in Melbourne’s

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News Victoria 

Taco Bell chooses Roxburgh Park for its first Victorian drive-thru

December 9, 2020December 10, 2020 Marc Pallisco

Taco Bell – which in Australia is franchised to Collins Food Limited, also KFC’s parent – has rented a former

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News Victoria 

El Jannah rents ninth restaurant – and first outside NSW

December 11, 2020December 12, 2020 Marc Pallisco

El Jannah has chosen a recently vacated Hungry Jack’s in Preston for its maiden Melbourne restaurant. The fast-food retailer has

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N.T. New South Wales News Queensland 

Charter Hall spends $319.4m for Long WALE REIT

December 9, 2020December 9, 2020 Marc Pallisco

Charter Hall has spent $309.6 million on two east coast investments for its Long WALE REIT (CLW). The trust will

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News Queensland Victoria 

Allianz, Charter Hall pay Aldi $281.4m for two more distribution centres

December 7, 2020January 21, 2021 Marc Pallisco

EXCLUSIVE Aldi has sold two more near-new distribution centres with leasebacks to a partnership comprising Allianz Real Estate and Charter

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New South Wales News 

Iris Capital sets record with $45m Narwee Hotel buy

December 7, 2020December 7, 2020 Marc Pallisco

Iris Capital is paying $45 million for south west Sydney’s Narwee Hotel – a deal which could end the year

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New South Wales News Queensland Victoria Western Australia 

GIC paying Mirvac, NRMA c$600m for 11 Travelodge hotels, brand

December 7, 2020December 7, 2020 Marc Pallisco

Singaporean sovereign wealth fund GIC, advised by Salter Brothers, is paying more than $600 million for 11 Travelodge inns including

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New South Wales News 

Charter Hall sells North Sydney office for $212m

December 7, 2020December 7, 2020 Marc Pallisco

Charter Hall has sold a North Sydney office after a direct offer from local fund manager Intera Group. The $212

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News Queensland 

Potter to replace Bundall ice skating rink with industrial estate

December 6, 2020December 6, 2020 Marc Pallisco

The Potter Group is paying $2.8 million for an ice skating rink two kilometres south west of Surfers Paradise with

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New South Wales News Queensland Victoria 

HomeCo spends $163m on seven assets – six to seed HealthCo REIT

December 4, 2020December 4, 2020 Marc Pallisco

Home Consortium is spending $163 million on seven east coast investments. Six, worth $131m, are essential services backed and will

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News Victoria 

Investa, Oxford buy ex-Footscray public site for $450m Build to Rent project

December 3, 2020December 4, 2020 Marc Pallisco

A prominent Footscray site which was publicly owned until late 2016 has sold to Investa Office Management and Oxford Properties

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News South Australia 

Australian Unity pays $48.25m for Osborne’s Centre of Defence, land

December 4, 2020December 4, 2020 Marc Pallisco

Prime Space Projects has sold Osborne’s Centre of Defence – a 10 year old office – with an adjoining tract

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News Victoria 

Social housing group Unison pays $2m for permit-ready Preston site

December 2, 2020December 4, 2020 Marc Pallisco

A social housing provider has purchased a Preston block approved for a six-level complex with 24 apartments. The 573 square

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News Queensland 

Kerching rings up $12.6m from Sandstone Point Village

December 4, 2020December 4, 2020 Marc Pallisco

Kerching Capital has sold Sandstone Point Village – a modern shopping centre in Brisbane’s outer north – for $12.6 million.

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News Queensland 

Banyo distribution centre investment collects $6.1m

December 8, 2020December 8, 2020 Marc Pallisco

A distribution centre near Brisbane Airport has sold for $6.1 million. Based on the net yield – 6.3 per cent

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News Victoria 

Quarantined Melburnian in Beijing uses WeChat to win $7.3m petrol station auction

December 10, 2020December 11, 2020 Marc Pallisco

A Cranbourne North convenience investment sold at auction to a local using WeChat from hotel quarantine in Beijing. It was

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News Victoria 

Charter Hall pre-commits, relocates Visy to c$55m Epping facility

December 3, 2020December 4, 2020 Marc Pallisco

Charter Hall has acquired a 6.45 hectare industrial site in Melbourne’s north Epping and pre-committed Visy Logistics to a 34,777

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New South Wales News 

Gladesville bottle shop sells for $10.8m

December 10, 2020December 10, 2020 Marc Pallisco

The Gladesville Dan Murphy’s – marketed as an essential services backed retail investment – sold for $10.8 million on Tuesday

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News Western Australia 

Elanor invests $22.9m on Rockingham medical centre

December 3, 2020December 14, 2020 Marc Pallisco

Elanor Investors Group (ENN) has spent $22.9 million on a three year old Rockingham medical centre. Two Civic Boulevard is

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News Victoria 

Offshore developer outlays $5.3m for Carnegie apartment site

December 4, 2020December 7, 2020 Marc Pallisco

An offshore developer is paying $5.3 million for a Carnegie site earmarked a six storey apartment complex. The 2017 square

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New South Wales News 

Linfox leases 55,000 sqm at Stockland’s Forrester Distribution Centre

December 2, 2020December 3, 2020 Marc Pallisco

Asia Pacific’s largest privately owned logistics company, Linfox, has signed a landmark lease at Stockland’s Forrester Distribution Centre in Sydney’s

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News Queensland 

GM Property pays $10.4m for Wacol industrial investment

December 3, 2020December 3, 2020 Marc Pallisco

Perth investor, developer and manager GM Property, has paid $10.4 million – reflecting a six per cent net passing yield

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New South Wales News 

GPT sells Lendlease quarter of 1 Farrer Place for $584.6m

December 2, 2020December 2, 2020 Marc Pallisco

The GPT Group has sold its quarter interest in a multi-building Sydney CBD office investment to a co-owner, the Lendlease

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News Victoria 

Arden development cycle clicks into gear with Mustang inspired VACC HQ

December 1, 2020December 3, 2020 Marc Pallisco

Construction of the Victorian Automobile Chamber of Commerce’s headquarters has begun. At a socially distanced event last month, the motor

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New South Wales News 

Curtis, Gonski, Mordant sell Alexandria Bunnings for $70m

December 1, 2020February 8, 2021 Marc Pallisco

Charter Hall is paying $70 million for an outgoing Bunnings outlet on 1.9 hectares near Sydney Airport with plans to

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News Victoria 

GPT pays Charter Hall $127.6m for Truganina industrial investments, land

December 2, 2020December 3, 2020 Marc Pallisco

Charter Hall has sold part of its Drystone Industrial Estate in Melbourne’s west Truganina to The GPT Group for $120

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News Victoria 

Cherry Bar takes over Footscray’s The Reverence Hotel

November 30, 2020November 30, 2020 Marc Pallisco

James Young – who until last March ran AC/DC Lane’s Cherry Bar – resurfaced yesterday at Footscray’s The Reverence Hotel

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New South Wales News 

Goodtime sells East Village Hotel after nine months, different marketing strategy

November 30, 2020November 30, 2020 Marc Pallisco

Goodtime Hospitality has sold Darlinghurst’s East Village Hotel – built in 1918 as the Tradesman’s Arms. The leasehold and freehold

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News Queensland 

Pacific Optics to consolidate at Yatala Central factory with a basketball court

November 30, 2020November 30, 2020 Marc Pallisco

Pacific Optics Pty Ltd will consolidate three south east Queensland facilities after leasing a factory under construction at Frasers Property

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New South Wales News 

St Vincent’s Hospital buys Darlinghurst’s Green Park Hotel

November 30, 2020March 19, 2026 Marc Pallisco

A 127 year old Darlinghust pub will be converted into a mental health-based community service facility after being purchased by

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News Queensland 

Barwon Investment Partners sells Newmarket medical centre for $11.4m

November 30, 2020November 30, 2020 Marc Pallisco

Medical fund manager Barwon Investment Partners has banked $11.4 million from a purpose-built healthcare facility in Brisbane’s inner-north Newmarket. The

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News Victoria 

Megan Gale and Shaun Hampson spend $805k on Daylesford weekender

November 27, 2020November 28, 2020 Marc Pallisco

Model and businesswoman Megan Gale with fiancé, ex-Carlton and Richmond footballer Shaun Hampson, has spent $805,000 for weekender Dollywood Daylesford,

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News Victoria 

Three south east Melbourne medical centres net $13.5m

November 28, 2020November 29, 2020 Marc Pallisco

Three healthcare assets in two south east Melbourne growth precincts have sold – one to an occupier. In Berwick, the

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New South Wales News 

Good Beer Co sells Paddington’s Four in Hand for $8.25m

November 27, 2020November 27, 2020 Marc Pallisco

John Azar’s The Good Beer Co has sold its second east Sydney hotel in a week. The Four in Hand

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News Victoria 

Abbotsford plot opposite brewery earns $8.3m from land banker

November 27, 2020November 30, 2020 Marc Pallisco

An Abbotsford industrial property with significant development upside opposite Carlton & United Breweries’ main plant traded for $8.3 million –

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News Victoria 

Garry Lyon, Nicky Brownless list Armadale home after two years

November 27, 2020November 27, 2020 Marc Pallisco

EXCLUSIVE Garry Lyon and Nicky Brownless are selling the renovated Armadale home they bought for $3.18 million in mid-2018. The

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News Victoria 

Cadence buys $10m West Footscray industrial site

November 28, 2020November 28, 2020 Marc Pallisco

Cadence has closed a capital raising allowing it to buy another west Melbourne infill industrial development site – this time

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News Victoria 

Former MasterChef judge Gary Mehigan lists Malvern East Victorian

November 25, 2020November 25, 2020 Marc Pallisco

EXCLUSIVE Former MasterChef judge, Gary Mehigan, is selling his renovated Victorian in Malvern East’s leafy Gascoigne Estate. The four bedroom

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News Victoria 

Prahran corner building trades for over $6m

November 27, 2020November 27, 2020 Marc Pallisco

A double-storey office/warehouse in a relatively less gentrified part of Prahran has sold for a speculated price of more than

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News Victoria 

GrainCorp offloads prominent Sunshine grain silos

November 27, 2020November 27, 2020 Marc Pallisco

GrainCorp has offloaded a vacant high-profile grain silo facility in Melbourne’s west Sunshine. On a 2.27 hectare long thin site,

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News Queensland South Australia Western Australia 

Primewest spends $17.5m on childcare centres for new income fund

November 26, 2020November 27, 2020 Marc Pallisco

EXCLUSIVE Primewest is acquiring three childcare centres for a new fund. In the priciest deal, it is paying $7.25 million

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News Western Australia 

Sentinel proposes 24 level Build to Rent based complex at Scarborough

November 26, 2020March 29, 2021 Marc Pallisco

Sentinel Real Estate has snapped up a block 200 metres from Scarborough Beach for its third Australian Build to Rent

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A.C.T. New South Wales News Queensland Victoria 

Iris Capital pays AccorInvest c$180m for distressed iProsperity portfolio

November 26, 2020November 26, 2020 Marc Pallisco

Sydney publican Sam Arnaout is paying AccorInvest c$180 million for 17 Ibis hotels. Twelve are in the purchaser’s home state

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News Queensland 

Elanor seeds fund with $80.2m Woolloongabba healthcare, office asset

November 26, 2020November 26, 2020 Marc Pallisco

Elanor Investors Group (ENN) will seed its third fund in three months with a Woolloongabba mixed-use commercial investment costing $80.2

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News 

Lendlease finance head Tarun Gupta to replace Mark Steinert as Stockland chief

November 26, 2020November 26, 2020 Marc Pallisco

The board of Australia’s largest listed developer, Stockland, has chosen Tarun Gupta to replace Mark Steinert as managing director and

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New South Wales News 

Justin Hemmes pays Good Beer Co c$32m for Randwick’s Duke of Gloucester

November 25, 2020November 27, 2020 Marc Pallisco

The Good Beer Co has sold Randwick’s Duke of Gloucester Hotel to Justin Hemmes’ Merivale Group for about $32 million

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News Queensland Victoria 

Mirvac unveils projects in Brisbane, Brunswick and Doncaster

November 25, 2020November 27, 2020 Marc Pallisco

Sydney based Mirvac has unveiled three projects of varying budgets in the capitals north and south of it. In Melbourne’s

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News Queensland 

QICGRE sells Marsden shopping centre to new HomeCo trust for $48m

November 25, 2020November 25, 2020 Marc Pallisco

Home Consortium managed HomeCo Daily Needs REIT, which listed this week, is paying QIC Global Real Estate $48 million for

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New South Wales News 

PBA pockets $54m from under-utilised North Sydney office

November 25, 2020December 7, 2020 Marc Pallisco

Property Bank Australia (PBA) has sold an under-rented office with development upside in North Sydney for $54 million to Western

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News Queensland 

Bowen Hills amalgamation collects $10.2m

November 25, 2020November 25, 2020 Marc Pallisco

A portfolio of seven neighbouring Bowen Hills properties has sold for $10.23 million. The offering spreads 3276 square metres within

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News Queensland 

Forza Capital pays Mirvac $86.8m for Brisbane CBD office

November 23, 2020November 23, 2020 Marc Pallisco

Forza Capital has picked up a B-grade Brisbane CBD office for $86.75 million. The deal for 340 Adelaide Street, with

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News Victoria 

Spotlight sews up developers for $5.6m Richmond showroom

November 20, 2020November 26, 2020 Marc Pallisco

A Richmond showroom – part of racing car driver Ray Christie’s estate and held by the family for some 70

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New South Wales News 

Moelis picks up Darlinghurst’s Courthouse Hotel for $22m

November 20, 2020December 10, 2020 Marc Pallisco

Moelis Australia Hotel Management has paid $22 million for Darlinghurst’s historic Courthouse Hotel which it will upclass, operate and manage.

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News Victoria 

Nestle lists redundant Tongala tinned milk factory

November 20, 2020November 21, 2020 Marc Pallisco

A soon-to-be-vacated northern Victorian industrial property where vendor Nestle for years made tinned milk is for sale. The Tongala offering

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News Queensland 

Mackay West Shopping Centre sells for $10.4m

November 23, 2020November 23, 2020 Marc Pallisco

A Brisbane investor seeking an IGA-anchored retail asset found one, 970 kilometres north in Mackay, and paid $10.4 million. Mackay

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News Victoria 

Fortis proposes 10-levels for $19m Richmond site

November 20, 2020September 19, 2021 Marc Pallisco

Fortis is paying Icon Developments $19 million for a Richmond site behind hotel Union House. The arm of Sydney-based Pallas

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New South Wales News Queensland Victoria 

ESR buys 11 Propertylink investments for $302.5m

November 20, 2020November 23, 2020 Marc Pallisco

ESR Australia is buying out one of its managed funds – the Propertylink Australian Industrial Partnership II (PAIP II) –

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News Victoria 

House at edge of Toorak Village wins $5.1m from developer

November 20, 2020November 21, 2020 Marc Pallisco

A house at the western edge of Toorak Village – opposite a six storey apartment building – has sold to

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New South Wales News 

Redcape outlays $38m for Dulwich Hill portfolio including Gladstone Hotel

November 19, 2020November 19, 2020 Marc Pallisco

Gladstone Hotel and neighbouring Local Liquor Superstore, with adjacent bottle shop Little Bottler – three separate Dulwich Hill holdings and

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News Queensland Victoria 

HPI spends $63.3m on three east coast gaming assets

November 19, 2020November 19, 2020 Marc Pallisco

Hotel Property Investments is paying $63.3 million for three east coast gaming venues. In the priciest deal the group is

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New South Wales News 

SCA pays Elanor $129.5m for Auburn Central

November 19, 2020November 20, 2020 Marc Pallisco

Elanor Investors Group (ENN) has sold a west Sydney shopping complex to SCA Property Group for $129.5 million after a

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New South Wales News 

Dexus sells Grosvenor Place half-stake to co-owner

November 18, 2020February 1, 2021 Marc Pallisco

Chinese Investment Corporation is paying $925 million for a half share of Sydney’s Harry Seidler designed Grosvenor Place, adjacent to

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News Queensland 

Dexus, Canada pension fund list c$300m 10 Eagle St

November 19, 2020April 6, 2021 Marc Pallisco

Postscript: this property sold in April, 2021. Read our story here. The day it announced a half share sale in

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News Victoria 

Daniel Besen calls in premium international architect for Fitzroy HQ

November 17, 2020November 17, 2020 Marc Pallisco

EXCLUSIVE Daniel Besen has submitted plans for a mixed-use building which will dub as the Besen headquarters, in Melbourne’s inner

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New South Wales News Queensland South Australia Victoria 

LWHP pays $353m for six Bunnings investments

November 17, 2020November 20, 2020 Marc Pallisco

Charter Hall managed Long WALE Hardware Partnership (LWHP) – which includes Telstra Super and VFMC as partners – has paid

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New South Wales News Queensland Victoria 

Centuria spends $171.1m on cold storage portfolio

November 17, 2020November 18, 2020 Marc Pallisco

Centuria Industrial REIT (CIP) has spent $171.1 million on three Australian east coast cold storage investments. The deal is being

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News Victoria 

CSL backed vaccine maker commits to Melbourne Airport shed

November 16, 2020February 11, 2021 Marc Pallisco

Melbourne Airport Corporation has pre-committed CSL-backed cell-based vaccine and antivenom manufacturing group Seqirus to what will be one of Australia’s

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News Victoria 

Credit Suisse selling 505 Little Collins Street for c$160m

November 17, 2020November 25, 2020 Marc Pallisco

Credit Suisse Asset Management is speculated to be selling a Melbourne CBD office for nearly $160 million as it continues

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News Victoria 

Wantirna South multi-service medical centre collects $5m

November 16, 2020November 16, 2020 Marc Pallisco

Two healthcare investments near Knox Private Hospital, in Melbourne’s east, are changing hands. In the biggest and most recent deal,

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News Queensland 

Peter Bond relists Dunk Island

November 16, 2020November 18, 2020 Marc Pallisco

Dunk Island – which has had a swag of high-profile owners including Qantas – is for sale again. Off Mission

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News Victoria 

Melbourne lift shaft rented to chocolate brew house Mörk

November 13, 2020November 15, 2020 Marc Pallisco

A seven square metre lift shaft converted into a commercial space has been tenanted to a boutique hot chocolate maker

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News Victoria 

Isle of Wight site in Cowes for sale again

November 13, 2020January 28, 2021 Marc Pallisco

Postscript: this property has now sold. Read that story here. Aged care veteran John Matthies is selling the prominent Phillip

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News Victoria 

Pace lists North Melbourne supersite including ex-Chubb HQ

November 13, 2020November 13, 2020 Marc Pallisco

Pace Development Group is selling adjoining North Melbourne properties including the former Chubb Security headquarters on Racecourse Road abutting a

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News Victoria 

Fitzroy Community School buys historic Dan O’Connell Hotel

November 13, 2020November 17, 2020 Marc Pallisco

Fitzroy Community School has paid more than $3.2 million for Carlton’s historic Dan O’Connell Hotel which is expected to be

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News South Australia 

Charter Hall spends $103m on SA Emergency Services Command Centre

November 11, 2020November 11, 2020 Marc Pallisco

Charter Hall Social Infrastructure Limited is paying $103 million for an Adelaide fringe office under construction and majority leased to

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