Commercial and residential property news
DEVELOPER Charter Hall has unveiled plans for a major residential development on the former Nylex industrial products manufacturing and distribution facility in Mentone.
Read moreELEVEN inner-city development sites, purchased as a whole by Sydney-based fund manager and developer Charter Hall at the peak of the property boom, will be resold individually, in an attempt to curb debt.
Read moreCharter Hall is believed to have dropped its offer for Channel Nine’s outgoing Richmond television studios by c$20 million. Sources
Read moreAquisitive fund manager Charter Hall is reported to have changed its mind regarding the purchase of Channel Nine’s outgoing studios in Willoughby, Sydney and Richmond, Melbourne.
Read moreCharter Hall, one of Australia’s leading property fund managers and property developers has been awarded the exclusive right to negotiate the purchase of the Nine Network’s headquarters in both Sydney and Melbourne following a tender process.
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PROPERTY fund manager Charter Hall Group is reported to have snared construction giant Leighton Holdings as a tenant for a major Perth CBD office project.
Leighton is said to be considering a 28,000 square metre campus style office, part of Charter Hall’s new Workzone development at 202 Pier Street, on the Perth CBD’s northern tip (image of a building within the project, right)
The site, held by the Charter Hall Opportunity Fund No 5 (CHOF5), is due for completion in 2013, subject to pre-commitments.
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CHARTER Hall Office REIT has signed the Australian Tax Office to renew its lease at a prominent Moonee Ponds office tower.
The ATO has occupied the entire 22,000 square metre, seven level building (pictured, right) since it was developed in 1991. The office is near the Puckle Street retail strip, identified by previous governments as a prime activity centre in the north-west.
ATO’s lease was due to expire in 2013. It has now extended that until February 2020.
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WESTERN Australian based developer and fund manager Brookfield Multiplex has paid $25.3 million for a commercial development site in the City Square development site.
Brookfield is expected to build a 14-level office on the site, which was also reportedly competed for by the Charter Hall Group.
Aspen Group also reportedly conducted due diligence on the site.
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DEE Why’s Grand Shopping Centre in Sydney has sold to a private investor for $68 million.
The 10,000 square metre centre, with 30 specialty stores on Sydney’s northern beaches, was offloaded by grocery wholesaler John David and hotel owner the Bayfield family.
Institutions including Charter Hall, Colonial First State, the Future Fund and Lend Lease reportedly threw their hat in the ring for the centre, which sold on a yield of between 7.5 and 8 per cent, based on a fully let income.
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AS reported in The Age last year, CBUS Property has confirmed it is the mystery buyer of a half share interest in Melbourne’s 171 Collins Street development.
CBUS has paid Sydney-based owner Charter Hall $15.5 million, to take its share in the $280 million office development, which challenged a previous planning precedent, restricting height around the “Collins Street spine”.
It’s understood the developers are targeting the National Australia Bank which has a 40,000 to 60,000 square metre requirement in the market at the moment.
Read moreThe Foster’s Group has made $8.3 million from the sale of another industrial property in the inner north-eastern suburb of Abbotsford. The property was sold separately from a portfolio of eleven other Abbotsford properties offloaded by the brewer last year to Charter Hall, for around $41 million.
Read moreAcquisitive developer and fund manager Charter Hall is rumoured to have shelved plans to buy a Docklands office building, currently under construction on the southern banks of the Yarra River, near the Melbourne Exhibition and Convention Centre.
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Wentworth Capital has bought North Sydney’s ex-MLC headquarters. On behalf of a fund, it is speculated to be paying just
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EXCLUSIVE Following an off-market deal, the University of Melbourne has purchased part of the ex-Myer dispatch complex, across two streets,
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Hospitality giant Oscars, led by brothers Bill and Mario Gravanis, has snapped up an imposing Telstra exchange with a leaseback.
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EXCLUSIVE The Schiavello family has bought another Melbourne Bunnings – this time outlaying $49.5 million. The 3.92 hectare outlet at
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Centennial has bought another major Prestons industrial investment. The 1.76 hectare IN3 Heavy Industrial zoned asset, 6 Ash Road, set
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Charter Hall has bought another triple supermarket anchored mall, this time on the Gold Coast. Southport Park Shopping Centre was
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Icehouse Logistics Group, or IHL, has committed to one of the larger buildings at Fraser Property Industrial’s 112 hectare Eastern
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Burwood Council has bought two neighbouring vacant west Sydney offices from UniSuper, which inherited them merging in 2022 with Catholic
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The Bank of Queensland, which also controls the Virgin Money brand, will move headquarters to the CBD after 10 years
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Woolworth has quietly picked up a south west Sydney supermarket leased to Coles seven more years. The 2675 square metre
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MAB Corporation has sold another piece of its Element Park estate, in Melbourne’s outer south east. The new Clyde North
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A Perth investor has bought Horsham Bunnings following a pre-auction offer reflecting a six per cent passing yield. The 9592
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The City of Newcastle has snapped up another investment, this time at Sandgate. Coincidentally, the local government owned the 8.64
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A sprawling medical centre sharing part of a roofline with Macquarie Health’s Melbourne Eastern Private Hospital, is for sale. Also
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Australian Unity has sold a Lower North Shore medical technology, logistics and life sciences facility after 12 years. The three
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Paul Freestone’s Reds Group has been revealed as the buyer of Redcliffe’s Bluewater Square, for $32 million. The neighbourhood shopping
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Matthew Gibb has sold a modern CHEP Service Centre north of Adelaide. On 5.6 hectares, 37 Caribou Drive, Direk, collected the
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Aldi has secured a national transport company to sublet part of a cold storage and distribution centre in Sydney’s south
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Wesfarmers has sold six Bunnings stores with leasebacks as part of plans to wind up the BPI, or BPI No
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Richmond’s trophy The Grand Hotel has been listed for sale by the Zagame family. The enormous pub – with 780
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CSR is selling an industrial developer another west Sydney site – this one abutting the new airport. The 194 hectare
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QIC has sold one of six Queens Wharf properties acquired from the state government for $561.9m, in 2023. The David
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Corval has snapped up a 10 year old Bibra Lake industrial park. The 2.81 hectare asset, 16 Aspiration Circuit, cost
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Charter Hall has announced a handful of property deals for its Social Infrastructure REIT (CQE). In the biggest direct trade,
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Mining product manufacturer Jennmar will consolidate from 15 New South Wales locations to a new outer south west Sydney facility.
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EXCLUSIVE Australian Venue Co has reaped an impressive profit from a historic Victorian pub bought late last year then re-offered
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BlackRock and Wentworth Capital have bought a third property for a $1.5 billion Life Sciences platform announced last year. The
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Interests associated with the state’s Hutchinson Builders have collected $13.75 million from a recently refurbished and relet Woolworths at Maleny,
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Sports doctor Peter Brukner has sold another supermarket bought with a leaseback from Woolworths’ development arm, Fabcot. Following an off-market
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Myer Group has sold a historic store with a leaseback. Following a campaign launched last October, which found a buyer
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Australian Venue Co, it is speculated with Charter Hall, has quietly bought the freehold going concern of a popular Hervey
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Region Group – until late 2022 known as SCA Property Group – is the latest institution to shed a fully-leased
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Elanor Investors Group has sold a Moreton Bay shopping centre held by a single asset fund. Bluewater Square at Redcliffe
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IP Generation is eyeing the landmark Top Ryde City shopping centre – with a standalone component extending into the podium
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Australian Unity has sold another asset from its Healthcare Property Trust. The group is reaping a speculated $9.65 million for
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Coles Group has snapped up a permit-ready town centre site in Melbourne’s south east. In a deal worth just under
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Sherbet Bomb creator Lagoon Confectioners has shut after 95 years and sold its most recent headquarters, manufacturing plant and distribution
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Elanor Investors Group has sold the last asset from its Property Income Fund. Shopping centre Gladstone Square, 100 kilometres north
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A modern Canberra office carrying a 68 per cent vacancy rate has sold off-market. The six storey, 5467 square metre
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Barristers’ Chambers Limited has sold Douglas Menzies Chambers ahead of a move to 200 Queen Street. The Victorian Bar subsidiary
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In the second major industrial pre-commitment this week, Woolworths has signed up for a 93,000 square metre fulfilment centre, in
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Australian Unity has sold the Property Income Fund to Newmark Capital, led by ex-AFL player, Chris Langford. The deal will
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Charter Hall has pre-committed two high profile businesses to its enormous Flagstone Logistics Estate, at North Maclean. In the biggest
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Chris Lock’s IP Generation has quietly picked up the rundown ex-Ray’s Outdoors outlet in North Geelong. The 5564 square metre
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EG Funds has sold the Crown leasehold interest of the National Archives Office, developed in 1926 as the Secretariat Building
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Arena REIT has listed one of the most secure investments on its books – a Melbourne childcare centre with an
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Coles has sold Adelaide’s Kurralta Village shopping centre to the Taplin Group. An extension is now planned for the Anzac
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Frasers Property Australia has found a buyer for a CBD office held a decade. Local private investor Harry Stamoulis is
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Charter Hall is making another play for a major Victorian shopping centre, this time in south east Melbourne’s Mulgrave. The
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Region Group has doubled its outlay selling a Woolworths-anchored west Sydney mall after 11 years. Greystanes Shopping Centre has collected
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EY has renewed it anchor tenancy at Sydney’s distinctive 200 George Street. The 25,850 square metre deal runs until December,
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EXCLUSIVE Australian Pharmaceutical Industries – a Wesfarmers arm from 2022 – has signed a 15 year lease for a distribution
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Stadia Capital is the latest investment house to secure a Brisbane CBD office in two parts. The Sydney based asset
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A south Sydney amalgamation containing a two level mechanic and three standalone dwellings has sold following a campaign targeting high
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Another major law firm is upgrading a headquarters – this time in Brisbane’s CBD. HWL Ebsworth Lawyers has pre-committed to
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Goodman has added a specialised industrial investment to its book following a tactical off-market deal with Qube. The 11.17 hectare
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Bunnings Group has quietly sold a near new outlet with a 10 year leaseback. The $22.5 million deal for 140
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Terraform Capital has sold a fully leased Sydney CBD office for $111.58 million – $220,000 less than its 2018 outlay.
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A modern childcare centre in Melbourne’s leafy south east has traded for $10.795 million – or $80,000 a place. The
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Barristers’ Chambers Limited is parting with a prominent Melbourne legal precinct office after 33 years. The legal chambers at 180
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Charter Hall has sold another asset from the Retail REIT (CQR). Lake Macquarie Square at Mount Hutton near Newcastle fetched
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It will be the end of a four decade era in Melbourne office leasing circles with Coles making the surprise
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Australian Unity has sold another asset from its flagship Healthcare Property Trust. The 4996 square metre facility in Perth’s ritzy
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Two major assets in Brisbane’s south west Darra have sold. In the biggest deal, Charter Hall is paying $80.55 million-ex
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Two major retail investment deals mooted last year have been formalised this month. In Melbourne, Woolworths Holdings Limited is collecting
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The Skin & Cancer Foundation has sold a west Sydney essential services asset with a leaseback. The not for profit is
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Alceon is reaping an impressive capital gain divesting an east Brisbane office held two and a half years. The two
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An unlisted fund backed by VFMC – which manages annuity on behalf of 32 Victorian public authorities and related organisations
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