Harvey Norman buys Geelong growth corridor farm
Harvey Norman has backed the east Geelong growth corridor, outlaying $11 million for a rural plot beside the Gateway Plaza
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Endeavour snaps up Darwin beach pub
The recently listed Endeavour Group has snapped up Darwin’s Beachfront Hotel. On 7000 square metres at 342 Casuarina Drive, Rapid
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Goodman secures another Alexandria site
Goodman Group has purchased another Alexandria bulky goods complex from Greg Karedis and Peter Cortis-Jones’ Arkadia. The 3.438 hectare Alexandria
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Sentinel spends $20.9m for maiden SA asset
Sentinel Property Group is paying $20.9 million for its maiden South Australian investment – the five level office component of
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ISPT appoints new CEO
Chris Chapple (pictured, top) will replace Daryl Browning as ISPT chief executive officer at an as-yet-undisclosed date, expected to be
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Regional Victorian Bunnings fetches $18m
A Bunnings investment at Swan Hill, near the New South Wales border, has sold for just over $18 million reflecting
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Blackstone, Brookfield bank $2.1b from Melbourne offices
Charter Hall and Singapore sovereign wealth fund GIC are paying a speculated $2.1 billion – reflecting a bullish c4.5 per
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Permit for V-Leader’s reworked city skyscraper
V-Leader has won approval to develop a 40 storey, 30,000 square metre office at the north west corner of Lonsdale
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Underutilised city office trades on 1.6pc yield
A low-rise office with significant development upside near the State Library has sold for c$12.9 million. The deal for 152-156
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BlackRock, NashCap JV outlay $120m for Sydney industrial park
Urban Logistics Co, a joint venture between BlackRock Real Estate Assets and NashCap, has paid $120 million for the Kirby
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BDO, HopgoodGanim fill a third of proposed Brisbane office
Charter Hall and Investa have secured two pre-commitments for an $800 million office earmarked to replace three Brisbane buildings acquired
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Abacus sells half stake in St Kilda Road office
Abacus Property Group has offloaded its half interest in 464 St Kilda Road – the Victorian Automobile Chamber of Commerce
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Federal Budget 2022-23: how will it affect Australia’s key property sectors?
This is an excerpt of a Colliers Research report republished with permission. To download the full document, follow this link.
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Consortium swoops on Kensington’s Younghusband site
ASX-listed Irongate Group, local construction firm Built and Canada’s Ivanhoé Cambridge are paying $60 million for Kensington’s Younghusband site. The
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Haben makes it three in Queensland
Haben has snapped up its third Queensland shopping centre, in Brisbane’s south west. The Station Oxley, at 133-157 Oxley Station
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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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Panel beater leases ex-Mazda distribution centre
Charter Hall has secured collision repair and parts provider AMA Group to the Somerton Logistics Estate in Melbourne’s north. The
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Stockland to redevelop WSU Penrith campus
Stockland will team with Western Sydney University to replace the latter’s Penrith campus with a master-planned, mixed-use precinct. As part
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Endeavour purchases Empire Hotel
The recently listed Endeavour Group, formerly known as ALH, has paid $11.5 million for the freehold going concern of Kilburn’s
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Aldi sells first Victorian supermarket
Aldi – which typically aims to own properties it occupies – has instead sold a bayside supermarket with a leaseback.
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PBA divests another North Sydney office
Syndicator Property Bank Australia and lender Security Capital Corporation have sold a North Sydney office after 10 years and a
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Argo, Hickory upsize proposed Melbourne office
Argo Group and Hickory – directed by different Argyrou brothers – will lengthen a proposed Melbourne CBD office after buying
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Aliro snares neighbouring Chipping Norton sites
Aliro has quietly snapped up two neighbouring Chipping Norton industrial investments for their development upside. The 4.91 hectare holding incorporating
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SPC offloads Shepparton plant with a leaseback
SPC has sold its landmark Shepparton food processing plant and distribution centre with a 30 year leaseback. The $66 million
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Beacon snaps up another outlet from landlord
Beacon Lighting Group has purchased another property it rents – this time at Modbury. The large format retail asset on
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Telstra commits to landmark Adelaide office
Telstra will relocate its Adelaide headquarters to Charter Hall’s 60 King William Street. The 10 year deal is for 6000
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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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RAM buys ex-Virgin HQ for unlisted fund
Real Asset Management has picked up an inner-city office park for its Diversified Property Fund. The Bowen Hills asset, 56
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SC Capital makes maiden Brisbane investment
In its maiden Brisbane deal, SC Capital has picked up a Stapylton industrial investment with immediate development upside. The 3.7
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Irongate invests $156m in Perth, Melbourne
Irongate (IAP) is paying $26 million for a business park in Perth’s Bibra Lake. The deal for 16 Aspiration Court
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Panel maker leases warehouse in ‘CBD of the north’
Creative Composites, which manufactures panels for recreational vehicles (RVs) and the construction industry, has leased an Epping warehouse about to
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Tradezone leases Goodman distribution centre
Online electrical wholesaler Tradezone has leased part of Goodman’s Huntingwood East Distribution Centre as its maiden Sydney location. The agreement
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West Gate Tunnel Authority, Aware Super sign Melbourne office leases
LaSalle Investment Management has secured the state government to a Docklands office. The West Gate Tunnel Authority has leased a
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Pelligra invests again in South Australia
Three weeks after backing the construction of a Kangaroo Island golf course, resort and residential community, Pelligra has acquired an
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Australian Unity offloads Parramatta office for premium
Australian Unity is banking $66 million – a five per cent premium to the June, 2021 book value – for
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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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Ampol servos collect $73.5m
Charter Hall has snapped up a 49 per cent stake in another portfolio of Ampol service stations. The 20 assets
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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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Fawkner picks up another Queensland shopping centre
Fawkner Property has snapped up another shopping centre from Stockland. Stockland Cairns, on 11.13 hectares at Earlville, is costing $146
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Irongate offloads Canberra office
Investec Australia Property Fund managed Irongate Group (IAP) has sold a Canberra office leased to the Attorney General department after
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Dexus banking c$1.7b from offices
Dexus is selling six office investments for a speculated total of close to $1.7 billion. Four of the assets –
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JY buys Roselands shopping centre stake
JY Group has paid $167 million for a half-stake in Sydney’s Roselands Shopping Centre. Challenger’s CIP Asset Management was the
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Eastern suburb supermarket fetches $29.3m
A supermarket in the heart of a Blackburn South retail strip has sold for $29.3 million reflecting a 2.46 per
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Dexus purchases Moorebank land for logistics park
Dexus and its managed Industria REIT (Industria) – formerly the APN Industria REIT – have picked up a Moorebank industrial
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Tenant buys Ringwood car dealership
The operators of Ringwood Mazda have paid $15 million for the dealership and service centre they have occupied for two
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Vineyard Hotel sells for c$70m
The Vineyard Hotel, in Sydney’s outer north west, has sold for c$70 million. On 7.69 hectares at 725 Windsor Road,
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Mirae offloads Canberra office
South Korean fund manager Mirae Asset Global Investments is selling a central Canberra office for $335 million. The deal for
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Greenpool, Qualitas acquire stake in Gold Coast mall
Greenpool Capital and Qualitas have snapped up a half-stake of Gold Coast’s Runaway Bay Centre. The $128 million price reflects
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Aliro strikes deals in Geebung, Laverton North
Aliro Group has snapped up Pickles Auctions’ Geebung office/warehouse, and a neighbouring industrial property, as a value-add play. The $67.75
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Link in play for three Sydney shopping centres
Link REIT – Asia’s biggest real estate trust – is in due diligence for a half stake of three Sydney
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Bunnings sells unbuilt South Kempsey store
Bunnings has sold its unbuilt South Kempsey store to a Lowe Group managed syndicate on a funds through basis. The
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Footwear giant commits to high-tech warehouse
Munro Footwear Group – which turns 60 next year – has pre-committed to a high-tech distribution centre at Charter Hall’s
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Quintessential buys back Adelaide office
Quintessential Equity has bought back an Adelaide office it sold in 2008. The Commonwealth Bank building – 100 King William
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Goodman spends $140m at Clyde
Toplace, directed by local developer Jean Nassif, has sold a Clyde industrial holding to the Goodman Australia Industrial Partnership for
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Aliro acquires Tottenham industrial site
Aliro Group has snapped up a prominent Tottenham industrial site from Cadence with plans for an 84,000 square metre logistics
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Parramatta council snaps up $64m office
The City of Parramatta is paying $64 million for an office abutting its Wentworth Street Car Park. The commercial investment,
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Sony relocates North Sydney HQ
Sony Australia will relocate its electronics division’s headquarters within North Sydney. The technology giant has leased 1700 square metres –
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Woolworths’ HQ sells
Singapore investment house AIMS Financial Group, which manages the AIMS APAC REIT – also known as AA REIT – is
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Coles, Primewest trade Byford property again
Coles Group has sold a four year old shopping centre to Primewest – the group it bought the land to
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HealthCo REIT soars on debut
Home Consortium’s HealthCo Healthcare & Wellness REIT (HCW) listed today. Units in the fund closed at $2.32 – or 16
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Triumph spends $5.3m for HQ
Triumph Furniture has spent $5.3 million on an East Lidcombe showroom, warehouse and office which will dub as its headquarters.
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Collective snaps up assets in Albury, Canberra
Findex has sold a Bunnings-converted-retail investment at Albury, near the New South Wales/Victoria border. The Albury Convenience Centre at 618
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State government banks c$135m from Macquarie Park blocks
Landmark Group is paying Landcom more than $135 million for a 1.85 hectare high-density residential development site in Macquarie Park.
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Crane company buys Pinkenba warehouse
Borger Cranes has snapped up a vacant Pinkenba industrial property. The 1.31 hectare site, with 27 car parks at 119
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Bunzl Australasia goes west
ISPT and Aliro have pre-committed Bunzl Australasia to the proposed $200 million Elevation at Greystanes estate, at Pemulwuy, 30 kilometres
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Elanor sells Queensland shopping centre, reports growth
Elanor Investors Group (ENN) has sold Moranbah Fair Shopping Centre after four years. The deal, with Sentinel, is worth $28
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Bayley collects c$22m from south Sydney shopping centre
Bayley Property Group has sold the strata titled Oatley Village Square, in Sydney’s south, for a speculated $22 million. The
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ESR locks in logistics group at Truganina
ESR Australia has committed 101 Warehousing to Truganina’s West Industry Park. The deal includes a five year extension on a
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Nick Theodossi, Ross Pelligra buy Subaru Docklands site
Nick Theodossi and Ross Pelligra are paying $50.5 million for a major Fishermans Bend car yard with development upside. The
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Frasers acquires Newstead car park
Frasers Property Australia is paying $16.5 million for a Newstead development site. The 3016 square metre Mixed Use zoned parcel
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Investor acquires vacant Concord office
A vacant office in Sydney’s west Concord has sold for $11 million to an investor. The three storey building at
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Canberra offices trade for c$195m
Real Asset Management is paying $115 million for a recently refurbished, fully leased Canberra office. The deal with Lendlease’s Australian
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Makita buys Melbourne distribution centre site
Makita has purchased a six hectare Truganina site with plans for a distribution and service centre. The land forms part
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GPT acquiring Ascot industrial, office portfolio
The GPT Group is paying Ascot Capital $681.7 million for a portfolio of 24 investments. Containing a total lettable area
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Costway sets up in Australia
E-commerce retailer Costway will establish its first Australian distribution centre at a Truganina facility owned by Lendlease. The tenant is
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Ganellen picks up Brisbane mall
Recently refurbished shopping centre Kallangur Fair, in Brisbane’s north, has sold for $22.45 million. Sydney based fund manager Ganellen is
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McMillan lists prominent Melbourne car dealership
McMillan Property Group has listed the prominent Preston Toyota dealership after more than five decades. Leased to Eagers Automotive, the
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Goodman acquires Castrol HQ
Goodman Group is understood to be paying BP Australia $40.2 million for Castrol’s Smithfield headquarters. The 7.16 hectare property, 132
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Dan Murphy’s trades for $11.2m
Another Dan Murphy’s backed investment has sold for an eight figure sum – this time in Bathurst. The $11.187 million
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AU purchases $33.5m suburban Brisbane office
Australian Unity has purchased Beenleigh’s first major commercial building since 2011. Due for completion next month, the seven storey investment
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