Hospitality boss snares ex-AFL House
Hospitality tsar Fab Ippoliti has purchased East Melbourne’s former AFL House. The five level, B-grade office at 120 Jolimont Road,
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The Hour Glass spends $82m for prime city corner
The Hour Glass has paid $82.2 million for a prominent Brisbane property part-occupied by one of its brands. The deal
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Boeing leases a third of Brisbane office
Boeing has pre-committed to a Brisbane office being renovated by Dexus. The aviation group has signed up for 12,000 square
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Nolan consolidates to Dandenong South HQ
Nolan Group will consolidate several south east locations, including its Dingley Village headquarters, to a Dandenong South office/warehouse (artist’s impression,
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Forrests buy Perth mall with redevelopment plan
Andrew and Nicola Forrest’s Fiveight – a property investment arm of the pair’s Tattarang – has picked up Perth’s Carillon
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Burson leases Preston showroom
Burson Auto Parts has leased a modern Preston office/industrial building for a store. The Bapcor brand is paying starting annual
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RMA leases Mickleham warehouse
Dexus is the latest landlord to be rewarded for building a large warehouse on a speculative basis, securing a lease
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Prestons warehouse trades at record low 3.35pc yield
A warehouse under construction at Prestons has sold to Pittwater Industrial for $58.255 million reflecting a record low yield for
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Amazon chooses Melbourne for first Australian sort centre
Amazon will open its first Australian sort centre at Goodman Group’s Amaroo Business Park, in Craigieburn. The 15,600 square metre
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NorthWest, GIC tip $2.4b into healthcare fund
Toronto listed NorthWest Healthcare Properties with Singapore sovereign wealth fund GIC will invest another $2.4 billion into a healthcare joint
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Centuria, Morgan Stanley form healthcare fund
Centuria has formed a joint venture with Morgan Stanley Real Estate Investing to acquire and develop healthcare product. The Centuria
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IJ Capital exits Gold Coast mall
IJ Capital has sold a Gold Coast mall after two years and a renovation. Benowa Gardens, at Benowa, four kilometres
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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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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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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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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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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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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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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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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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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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Shayher buying offices in Brisbane, Sydney
Taiwan backed Shayher Group is outlaying over $600 million on east coast office investments. In the biggest deal, the group
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Australian Unity snares three aged care investments
Australian Unity is paying $93.65 million for three Queensland aged care investments. The leaseback deal is with McKenzie Aged Care,
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ESR divests Canning Vale warehouse
Decorative services group Borg has paid $18.5 million for a part-vacant Canning Vale warehouse. The seller, ESR, picked up the
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Blackstone makes $1.7b play for DALT stake
Blackstone is looking to take out a 49 per cent stake in the $3.5 billion Dexus managed Australian Logistics Trust
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Phoenix Transport expands in Berrinba
Phoenix Transport has leased a modern Berrinba warehouse held by ARA LOGOS Logistics Trust. The occupier has committed for an
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Cbus, UniSuper strike Australia’s biggest retail deal
Cbus Property and UniSuper have partnered with AMP Capital to acquire stakes in two major shopping centres for a total
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Ascot offloads industrial, office portfolio
Ascot Capital has sold an $800 million-plus commercial property portfolio. The bulk, 23 logistics investments and an office – all
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Charter Hall spends $102m on Adelaide industrial
Charter Hall has purchased two government backed industrial investments for a total of $102 million. They will be held in
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Vicinity acquires Harbour Town stake
Lendlease has sold its half stake in Gold Coast’s Harbour Town shopping centre for $358 million. Vicinity Centres is the
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APN outlays $24.4m on convenience retail
APN Funds Management is outlaying $24.4m on two convenience retail investments. At Riverview, in suburban Brisbane, and Dubbo – 400km
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Growthpoint invests again in APN fund
Growthpoint Properties Australia is seeking to acquire 14.74 per cent of new securities for the APN Industria REIT (ADI). The
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Industrial assets collect $351m from Centuria
Centuria has snapped up eight fully leased warehouses, boosting the value of its Industrial REIT (CIP) by 10 per cent.
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Government offers ex-Manly Hospital
The state government is seeking a private sector partner to redevelop the ex-Manly Hospital, which closed in 2018. The 4.66
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Charter Hall buys South Guildford warehouses, land
Charter Hall has spent $50.75 million on two modern South Guildford warehouses and a c8354 square metre development site which
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Laverton North sale a windfall for Qanstruct director
GPT is paying $72.5 million for a newly leased Laverton North industrial investment. The deal is a major windfall for
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Mintus acquires Gladesville business park with upside
Mintus has snapped up a gateway Sydney business park with short and medium term development upside. The diversified investor is
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McPhee industrial portfolio collects $186m
Dexus is paying McPhee Transport director Jay McPhee $186 million for four new, fully leased distribution centres. Three are in
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Mirvac sells Locomotive Workshop stake
Sunsuper is paying $231 million for a 49 per cent stake in South Eveleigh’s Locomotive Workshop. The vendor, Mirvac, will
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APN buys two more servos, reports growth
APN Property Group has purchased two more service stations for its Convenience Retail REIT (AQR). Both are in Queensland –
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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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Atlassian HQ to open by 2026
Atlassian will retain a stake in its next headquarters, construction of which will start next year. As speculated 10 months
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Altis banks $46m from homemaker centre
Altis Property Group is banking $46.25 million from a regional bulky goods investment. The Lake Haven Homemaker Centre at Charmhaven,
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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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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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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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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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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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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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ESR, Goldman Sachs selling State Law Building
ESR and Goldman Sachs are understood to have sold a government-backed Brisbane CBD office to Hines. The State Law Building
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AQR snaps up six SA service stations
APN Funds Management has acquired another six service station for its Convenience Retail REIT (AQR). The South Australian properties were
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Hickory secures Goldfingers for office
Hickory has quietly snapped up the former Goldfingers strip club – and won approval to build a 22 storey office
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APN adds six Queensland servos to convenience fund
APN Funds Management has spent $59 million on six Queensland service stations. The deal reflects a blended 5.5 per cent
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Fortius, PGIM buy Brisbane office
LaSalle Investment Management is selling a Brisbane CBD office for $214 million. The Chicago group spent $142.15m on 307 Queen
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888 Property divests west Melbourne industrial site
Former VicUrban development director, Michael King and Joe Cairns, via their 888 Property Group, have sold a 15.92 hectare Truganina
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BlackRock, Primewest spend $260m on Perth office
A BlackRock Real Assets advised fund, in a new partnership with Primewest, is paying $260 million for a Perth CBD
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ESR spends $3.8b on Australian logistics portfolio
ESR Australia is paying $3.8 billion – the highest price outlaid in one line for a collection of Australian property
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AMP sells another Macquarie Park office
TPG founders David and Vicky Teoh are speculated to be paying $106.5 million for a five level office and industrial
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QIC sells Pakenham Place
QIC has quietly sold Pakenham Place, in Melbourne’s south-east, to Leaf Corporation and BANCO Group. The local purchasers, paying a
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Prominent Melbourne office expecting $90m-plus
Hotel Grand Central, which acquired one of Melbourne’s highest profile offices from Victoria University in 2013, is selling. The upper
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Marquette picks up Brisbane’s Gold Tower
Dexus and Canada Pension Plan Investment Board have sold Brisbane’s 10 Eagle Street for $285 million. The pair owned equal
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AsheMorgan outlays $210m for Brisbane office
The Pidgeon family has sold a Brisbane CBD office after nine years, a renovation and extension. The 20-level tower at
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Australia’s biggest distribution centre complete
EXCLUSIVE Vaughan Constructions has completed Australia’s biggest distribution centre, in Melbourne’s north Mickleham. On 28 hectares, the 100,000 square metre
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LOGOS, Qube strike $1.67b Moorebank deal
LOGOS Property Group will pay Qube Holdings $1.67 billion for Moorebank Logistics Park, in Sydney’s west. The deal buys the
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Investa, Manulife spend c$800m on Sydney CBD office
Macquarie Group Limited has sold an undeveloped Sydney office to a 50:50 venture comprising Investa Commercial Property Fund and Manulife.
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Surry Hills blocks collect $33m from developer
Two neighbouring low-rise Surry Hills commercial buildings, leased to amongst others, a backpackers and takeaway restaurants, have sold to a
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Stockland outlays $60m for two unbuilt Truganina logistics investments
Stockland is continuing to push into Melbourne’s western suburb logistics space outlaying $60 million for two unbuilt Truganina warehouses. The
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Amazon crosses town to Charter Hall’s 555 Collins Street for HQ
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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Charter Hall sells North Sydney office for $212m
Charter Hall has sold a North Sydney office after a direct offer from local fund manager Intera Group. The $212
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GPT sells Lendlease quarter of 1 Farrer Place for $584.6m
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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Credit Suisse selling 505 Little Collins Street for c$160m
Credit Suisse Asset Management is speculated to be selling a Melbourne CBD office for nearly $160 million as it continues
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Amazon pre-commits to Ravenhall fulfilment centre
Amazon has pre-committed to a 37,000 square metre fulfilment centre at Dexus’ Horizon 3023 industrial park in Melbourne’s west Ravenhall.
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Peakstone awards 100,000 sqm Australian office management contract
Singapore’s Peakstone has awarded a major commercial management contract to CBRE. The agreement covers 100,000 square metres across six buildings
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Western Sydney Parklands Trust offers Eastern Creek industrial site
Western Sydney Parklands Trust is seeking a development partner, or one to take a ground lease, for all or part
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Charter Hall, GIC, buying 49pc stake in Ampol service stations
Charter Hall Group and Singapore’s GIC are paying $682 million for a 49 per cent stake in 203 Australian petrol
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Golden Age approved to build 27-storey office at 130 Little Collins Street
Melbourne’s CBD is prepped for an office building burst with two projects recently approved and another set to start construction
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Apartment owners unite, peddle Melbourne building, for $6.9m
Owners of the four apartments within a modest complex on relatively big land, in the Melbourne CBD, have united and
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V/Line leases another west Melbourne warehouse for depot
V/Line has signed another industrial lease deal in Melbourne’s west, this time in Ravenhall. The 2500 square metre facility with
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LaSalle sells half of 222 Exhibition Street to GIC for $205.7m
LaSalle Investment Management, on behalf of pension fund CalSTRS (California State Teachers Retirement System), has sold a half share in
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ARA Asset Management proposes 21-level office as part of $800m Southgate makeover
ARA Australia, the local arm of Singapore’s listed ARA Asset Management, intends to build a 21-level office as part of
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