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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Industrial developer secures Dandenong South drive-in
Local heavyweight Pellicano has swooped on a major south east Melbourne industrial development site, outlaying a speculated $40 million. The
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AU bolsters SA aged care presence with $220m deal
Australian Unity’s flagship Healthcare Property Trust (AUHPT) has snapped up nine South Australian aged care investments with a 20 year
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Quintessential expands footprint in ‘Adelaide’s best location’
Quintessential Equity is paying $73 million for Adelaide’s Telstra House, with plans for a green focused redevelopment. The purchase of
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Occupiers spend over $18m in Truganina
Occupiers have swooped on two Truganina industrial assets. In the biggest deal, Success Logistics paid $13.5 million for a 5061
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Super fund offloads riverside Milton office
Industry fund BUSSQ Building Super has sold what was in 2011 its first bricks and mortar investment, a riverside Milton
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Dexus banks $377m from Sydney, Brisbane investments
Dexus has sold four major east coast investments. In the biggest deal, the group is banking $118.5 million from Gateway
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Sydney fund manager in talks for Forest Hill Chase
Haben and JY Group are in due diligence for Melbourne shopping centre Forest Hill Chase. The off-market deal for the
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Biggest of Australia’s 12 drive-ins for sale as development site
One of three Melbourne drive-in theatres, and 12 in Australia, is for sale as an industrial development site. The Lunar,
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BRC snares prime Arden block for healthcare project
BRC Capital has snapped up a prominent corner site within the Arden urban renewal precinct, to develop a medical centre
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Leda, Pittwater trade $95m industrial portfolio
EXCLUSIVE Pittwater Industrial has quietly picked up three Sydney assets with value-add upside from Bob Ell’s Leda Holdings. In the
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Fund managers swap Brisbane CBD office
Real Asset Management has scooped up a 15 year old fully let office tower near Brisbane’s Central train station. The
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Magid family banks $124m from east coast assets
Robert Magid, whose late property developer father Isador in 1951 created Twisties, has sold two more major investments. In the
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Harvey Norman snaps up prominent east Brisbane site
Harvey Norman is paying a speculated $13.5 million for a prominent east Brisbane showroom/warehouse complex. The 1.59 hectare Mixed Use
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Cosentino City comes to Melbourne
Spanish furnishings group Cosentino will roll out a five year old concept store, City, in Melbourne, after leasing an ex-bank
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GRESB rates Australian fund managers for ESG
The independent organisation which issues Environmental, Social and Governance rating, the Global Real Estate Sustainability Benchmark, or GRESB, has awarded
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Woolworths picks up Coles-anchored mall
IP Generation has flipped a small Coles-backed shopping centre at Miranda, 16 months after picking it up as part of
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Hines to build fully electric Melbourne skyscraper
Hines has won permission to replace a low rise Collins Street commercial building, formerly part occupied by 7-Eleven, with a
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Outgoing Cartier flagship store sold
Charter Hall and Wyllie Group, on behalf of a fund for wholesale investors in which they will each hold a
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SLMC secures another Victorian shopping centre
A partnership between Sim Lian Group and the listed Metro Holdings Limited, both from Singapore, has snapped up Shepparton Marketplace
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Marprop acquires maiden Adelaide asset
Marprop Real Estate Investors has outlaid $69.4 million for a recently renovated Adelaide CBD office. The former Statewide House at
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Conos family list Swanston House
The family of late Greek-Australian restaurateur, Theo Conos, is selling one of its highest profile CBD properties after 38 years.
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Vantage ventures outside of Victoria
In its maiden deal outside of Victoria, Vantage Property Investments has purchased a warehouse converted office in Brisbane’s inner east
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Shakespeare invests again in Sydney
Shakespeare Property Group is purchasing Domain House – one of four investment grade freehold offices on Sydney’s Macquarie Street –
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PGGM strikes Australian BTR partnership
US based Sentinel Real Estate, via a division, Sentinel Fund Manager Australia, has entered a partnership with Dutch pension fund
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Green light for Chifley South tower
Charter Hall and GIC have been given the green light to develop a 38 level premium grade office over a
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