French government leases swank Melbourne office
The French government has leased an inner-city office for its Consulate General of France in Melbourne. The ninth floor space
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PCA replaces president
Charter Hall Office chief executive officer, Carmel Hourigan, was last week appointed the Property Council of Australia’s national president. The
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Legal precinct building fetches $6.9m
The former PRD House, in Melbourne’s Legal precinct, has sold to a local investor. The six storey 978 square metre
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Stephen Silvagni sells hotel on second attempt
A consortium including ex-AFL player Stephen Silvagni has sold an 86 year old inner-city pub on its second attempt. The
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Hawaiin, QIC trade mall stake
Hawaiin has acquired the half stake it didn’t control of Perth’s Claremont Quarter. QIC was the seller, the off-market deal,
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Myer Melbourne building stake quietly sells to co-owner
Charter Hall has quietly sold its 16.7 per cent stake in the Myer Melbourne building. Announced in reporting for the
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Moonee Valley Racecourse to be diced as downsize becomes real
EXCLUSIVE Hamton and Hostplus are readying to build a road which will slice off what has for 140 years been
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Clarence secures Brisbane office on high yield
Clarence Property Group is the latest fund manager to make a counter-cyclical Brisbane CBD office play. After 12 months on
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Pepsico commits to Adelaide warehouse
Charter Hall has secured Pepsico to Adelaide’s Edinburgh Logistics Park. The Smith’s Snackfood Company parent has signed up for a
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Blackstone swoops on Brisbane business park
Blackstone is replenishing its industrial portfolio, picking up a business park abutting Brisbane Airport from Dexus. The 3.43 hectare investment,
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Alceon buys another Brisbane office
Alceon Group – a diversified investor also holding businesses, including Décor – has swooped on an office in Brisbane’s Upper
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Google eying Docklands move
Google is the latest business considering moving its Melbourne CBD headquarters west, eying a $1.2 billion Docklands office nearing completion,
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EY to shift Melbourne HQ
Professional services giant EY will quit the office it pre-committed to 20 years ago for another built during that construction
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Barristers’ Chambers buy another office from landlord
EXCLUSIVE Charter Hall has sold an under-utilised Melbourne legal precinct office to Barristers’ Chambers Limited, the biggest occupier, prior to
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Cbus secures Sydney office in bittersweet deal
Cbus has secured the half stake it didn’t control of a prime Sydney office. In what could be considered a
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HMC divests childcare centres
HMC Capital has sold two modern childcare centres held less than four years. In the biggest deal, the manager is
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Barings picks up North Sydney office
Barings has added another significant investment to its book, this time an A-grade North Sydney office. The US-based asset manager
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Church, ex-real estate analyst trade Brisbane office
Samford Commercial Investments, led by former CBRE analyst Jacob Fong, has bought a part-vacant CBD office from the Uniting Church.
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Trilogy secures Brisbane industrial investment for a discount
Charter Hall is selling a securely leased north Brisbane industrial investment for a loss on its 2021 outlay. The 2.69
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Barings, Rest swoop on $780m industrial portfolio
Goodman Group has sold a portfolio of 12 east coast industrial investments to Barings and Rest Super. The $780 million
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Mattel commits Barbie, Ken to new Melbourne home
DHL Supply Chain has secured Mattel to one of two standalone office/warehouses it recently pre-committed to in Melbourne. The 31,000
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United Petroleum founders behind ex-Target store deal
A company once controlled by United Petroleum co-founders Eddie Hirsch and Avi Silver has sold Colac’s ex-Target store. Now a
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Offshore investor secures regional processing and distribution hub
One of four primary processing and distribution hubs operated by Cleanaway in Victoria’s north east has sold to an offshore
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Centuria divests two west Sydney malls
Centuria has sold two west Sydney neighbourhood shopping centres picked up when it took over Primewest – all up for
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Mirvac takes hit on Sydney office stake
Mirvac has sold a half stake in a recently renovated Sydney office for a nine per cent discount to book
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Lease assigned for major car storage facility
A landmark vehicle storage facility spreading 8.68 hectares across two Melbourne streets has been assigned between providers. The 18 month
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Ex-Southern Cross Austereo site sold for a loss
Charter Hall and QuadReal have taken a hit on a riverside Brisbane CBD site bought three years ago with major
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Developer plans 35 Port Adelaide office/warehouses
A prominent Port Adelaide industrial site will make way for 35 office/warehouses after selling to a developer off-market. The 1.4
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CapitaLand banks premium from industrial portfolio
CapitaLand Ascendas REIT Management has sold three Brisbane industrial investments for $73 million – a 6.2 per cent rise on
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Revelop, Stockland trade Balgowlah mall
Revelop has snapped up a northern beaches strata shopping centre from Stockland – outlaying $155 million. Now expected to be
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Centuria creates $107m industrial supersite
EXCLUSIVE Centuria has added another property to a west Sydney amalgamation quietly being created since 2022. In Wetherill Park, 11
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Fund managers swap Eastgate Bondi Junction
ISPT has sold Sydney’s Eastgate Bondi Junction after 29 years. The trophy retail investment – with specialty tenants producing an
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Dozen offers sees Victorian mall collect c$30m
The Bai Fu Xin family has divested Geelong West’s land rich Pakington Strand after eight years. The Woolworths anchored mall,
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Telco lists priciest suburban exchanges
Telstra has listed two of the priciest exchanges in its suburban Sydney portfolio – combined, sources say, worth well over
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Haben buys balance of Queensland shopping centre
Harold and Ben Finger’s Haben has quietly snapped up the half-stake interest it didn’t control in Stockland Townsville. Also including
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Government sells prime Canberra site…again
Three months after shelving Walker Corporation as preferred developer to replace a prime Canberra site with an office, the ACT
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Irongate seeds fund with Sydney business park
Irongate has picked up a land rich business park west of Sydney to seed a fund backed by Johannesburg listed
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Gina Rinehart picks up another CBD office
Gina Rinehart has quietly added to her significant property portfolio with an Eagle Street office down the road from another
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Luxury fashion house fills Sydney office
Brookfield Properties and the Investa Gateway Offices fund have filled Sydney’s 28 storey 388 George Street following four office lease
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Engineering firm upgrades to ex-Telstra HQ
Quintessential has secured another tenant for the CBD’s former Telstra House, which it bought a year ago and is now
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Patterson family offer Melbourne car yard, service centre
The family of prominent late car salesman Ronald Patterson has listed a dealership and service centre with short leasebacks in
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Stockland fills first warehouse at $2b business park
Stockland has developed its first investment at Truganina’s $2 billion Melbourne Business Park following a pre-commitment by e-commerce giant New
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Melbourne’s GPO for sale as part of $600m portfolio
ISPT has listed Melbourne’s GPO as part of a portfolio also with the neighbouring The Strand, a regional Western Australian
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Eagers pick up $245m dealership portfolio
In a move expected to boost the turnover of its Victorian business by two thirds, Eagers Automotive has bought 13
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Australian Unity sells trophy office after three years
Following a tumultuous post-COVID backdrop, especially depressing demand for offices – made worse by a building boom in some markets
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Garda realises major loss on Melbourne offices
ASX-listed Garda Property Group has sold two Burnley offices for a major loss on their June 30 valuation and an
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Elanor doubles down in Mulgrave
Elanor Investors Group is believed to be paying c$200 million for adjoining Mulgrave industrial assets. Covering 23.23 hectares and hugging
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McConnell Dowell to relocate Melbourne HQ
McConnell Dowell will relocate from Hawthorn to Burnley after striking a lease deal with Charter Hall and Victorian Funds Management
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ATO office fetches $126m
EXCLUSIVE Sydney fund manager Marshall Investments has paid a syndicate led by Cypress based investors $126 million for a prominent
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Centennial completes $163m Sydney spending spree
Centennial has bought two Sydney investments for its four month old Industrial and Logistics Enhanced Value Partnership (CILEVP), co-controlled with
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VCAT downsizes HQ, keeps landlord
Fulfilling a leasing requirement issued nearly four years ago – but for 30 per cent less area – the Victorian
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Investor spends $13m for regional Dan Murphy’s
A Dan Murphy’s anchored investment in Shepparton, 180 kilometres north of Melbourne, has traded off market for $13 million. The
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Office sector enters second year of record high vacancy
Australia’s CBD office vacancy rate rose again over the last six months – from 12.6 to 12.8 per cent –
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Ericsson to quit Docklands for CBD
Ericsson will quit Docklands for the CBD – signing up for nearly three floors at Charter Hall and GIC’s 555
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Wentworth, University of Sydney strike life sciences campus deal
Wentworth Capital has struck a 99 year lease for the University of Sydney’s Medical Foundation building, which will be rebuilt
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CBA to shift HQ
Cbus has secured the Commonwealth Bank to a quarter of a 48 level skyscraper, set to be the centrepiece of
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Hesperia snaps up aged care home, land
Adrian Fini and Ben Lisle’s Hesperia has paid $53 million for an 84 unit independent living complex and neighbouring development
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Dexus banks $373m from Melbourne, Gold Coast investments
Dexus has offloaded Mount Waverley’s landmark Axxess Corporate Park to another fund manager, Gateway Capital. Worth $306.2 million after (c$9m)
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Mulpha secures green loans for Norwest apartments
Mulpha Australia has secured $80 million green loans from each of the ANZ Bank and Clean Energy Finance Corporation, to
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QIC commits to premium Brisbane office
Queensland Investment Corporation is the latest business to lease a piece of 360 Queen Street, a premium grade office, construction
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Toll pre-commits to its largest Australian distribution centre
Toll Group has pre-committed to what will be its biggest Australian distribution and fulfilment centre. Covering 10.8 hectares – or
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Quintessential swoops on Sydney tower
Dexus is a step closer to selling one of two Sydney offices listed last quarter. The group is banking $293.1
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Isuzu snares wrecking yard from Centennial
Centennial has sold a former wrecking yard at Stapylton to Brisbane Isuzu which plans to occupy. In the Yatala Enterprise
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Waterford West medical, retail centre sells again
A Waterford West medical and retail complex has sold to a private investor for the second time in three years.
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HMC snares $1.2b hospital portfolio
HMC Capital has picked up a portfolio of 11 hospitals, seven which will be held by two trusts. The $1.2
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Greg Maitland lists another Adelaide pub
Greg Maitland is continuing to reweigh his Adelaide pub portfolio offering the historic Republic Norwood freehold, in the inner east.
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Arthur Laundy pays $33m for Lower North Shore HQ
Arthur Laundy has purchased a Lane Cove office, part of which will dub as the Laundy Hotels headquarters. The four
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Adbri divests two more blocks
Adbri has offloaded two more assets surplus to its needs. In the biggest deal, the group has banked $57 million
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Fortitude concludes pub portfolio sale
Fortitude Investment Partners, with brands including Aquila shoes, Birch & Waite mayonnaise and text book producer Origo Education, has sold
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Telstra offers Melbourne townhouse site
Telstra has listed another site with a leaseback, at Melbourne’s south east Rowville. The brick exchange, on an 865 square
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Ashurst to switch Martin Place HQ
Ashurst – which turned 200 last year – will relocate its Sydney headquarters within Martin Place. The law firm has
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Gina Rinehart buys Brisbane office
Gina Rinehart, Australia’s richest person, has added a Brisbane office to her portfolio. The 14 level A-grade building, 70 Eagle
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Leather carer to develop distribution centre
Shoe and leather care product maker Waproo will develop a distribution centre on a Truganina site it just acquired for
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Fortune favours the tenant as office vacancy rises again
Supply is again the leading reason for a rise in national CBD office vacancy – to 12.5 per cent from
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Allianz quits Melbourne Central for ‘midtown’
Charter Hall has secured another tenant at its premium grade 555 Collins Street office, replacing Enterprize House. Allianz has committed
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Campbelltown mall sold after six decades
A Campbelltown shopping centre with development upside has traded between private investors. With a supermarket tenancy – leased to Romeo’s
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Richmond investments once owned by Wayne Carey for sale
Neighbouring Richmond retail investments once owned by Wayne Carey are for sale. The two properties – a Red Rooster and
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Ganellen invests again in Brisbane retail
Ganellen Asset Management has picked up its second north Brisbane shopping centre in as many years. The Sydney based group
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Sentinel Corp buys maiden Queensland site
Sentinel Fund Manager Australia – the local arm of US-based Sentinel Real Estate Corporation – has purchased its maiden Queensland
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FRP, Baron Vanilla snare malls
FRP Capital has snapped up a small shopping centre at Cooma – 105 kilometres south of Canberra – following an
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