Aldi to sell $700 million worth of Australian east coast distribution centres
Postscript: this portfolio sold in June, 2020, for $648 million to Allianz Real Estate groups and Charter Hall Group’s Charter
Read morePostscript: this portfolio sold in June, 2020, for $648 million to Allianz Real Estate groups and Charter Hall Group’s Charter
Read moreThe Property Council of Australia released its twice annual Office Market Report today. The national stock comparison showed vacancy in
Read moreAn institutional grade industrial investment in Perth’s south has sold for $20 million. The state of the art complex on
Read moreEXCLUSIVE The Withers family – which controls Australia’s 7-Eleven franchise – is offering another tranche of service stations via a
Read moreThe University of Melbourne outbid 17 groups – a mix including private and institutional heavyweights – to acquire two neighbouring
Read moreCenturia Industrial REIT (CIP) is paying $236.2 million for two Arnott’s factories, in Brisbane and Adelaide. The sale-and-leaseback agreements come
Read moreEXCLUSIVE Centuria Property Funds Limited has sold a Parramatta office at 2-10 Wentworth Street to Singapore’s SC Capital Partners, banking
Read moreBoutique hotelier Veriu has pre-committed to four venues on Australia’s east coast – a move which will grow its burgeoning
Read moreThe first piece of the Moonee Valley Racecourse to be divested by the Moonee Valley Racing Club (MVRC) in more
Read moreStockland has teamed with Mt Atkinson Holdings – led by a consortium of Melbourne businessmen – to create a $2
Read moreEXCLUSIVE Court Services Victoria (CSV) has issued a major leasing requirement to relocate the Victorian Civil and Administrative Tribunal out
Read moreEXCLUSIVE Chinese developer Hengyi is offering for sale the curved warehouse-converted-office in Abbotsford which was until recently the headquarters of
Read moreLittle Lane Learning – a childcare centre operator owned by Sydney-based husband and wife, Mike Wu and Shan Kuo –
Read moreEXCLUSIVE Sector Property Group has sold a purpose-built childcare investment in Melbourne’s east off the plan. The 138-place complex under
Read moreTime and Place Commercial has acquired another major industrial development site, this time in Truganina, about 22 kilometres west of
Read moreSome $2.6 billion worth of Victorian office investments have traded in 2019 – the highest ever recorded for the start
Read moreQueensland investor Guardian Ait Pty Ltd has paid $6.96 million for an industrial property in Crestmead, about 32 kilometres south
Read moreA childcare centre in Artarmon, about nine kilometres north-west of the Sydney CBD, has sold for $14.8 million. The deal
Read moreHong Kong based logistics giant ESR, which rose to prominence in Australia last July when it acquired industrial developer CIP
Read moreAustralian Unity’s Retail Property Fund has sold its half-share in the Waurn Ponds Shopping Centre, seven kilometres south west of
Read moreEXCLUSIVE The Uniting Church Synod of Victoria and Tasmania has sold a Melbourne CBD commercial building it has occupied since
Read moreAnother retail investment in Melbourne’s Chinatown has sold. The three-level plus basement building at 22-26 Corrs Lane traded at auction
Read moreIndustry Superannuation Property Trust has completed construction of a major office at a historic Melbourne CBD corner. The 16-storey tower,
Read moreGeneral Pants Co has committed to a seven year lease at Melbourne’s Drystone Industrial Estate, a 90 hectare logistics-focused business
Read moreBlackstone is understood to be close to selling Adelaide’s Rundle Place shopping centre for close to $250 million. The private
Read moreForza Capital is paying Carlton & United Breweries $12 million for a multi-level car park near the banks of the
Read moreGPT Wholesale Shopping Centre Fund is selling the Norton Plaza, in Leichhardt, about six kilometres west of the Sydney CBD.
Read moreAnother Victorian supermarket-based shopping centre has sold, this time in Curlewis, about 17 kilometres east of Geelong. Bayview Central at
Read moreA near-new Coles-anchored retail complex in Melbourne’s north is selling for the second time in less than three years. Coburg
Read moreBoston’s AEW Capital Management is paying more than $200 million for a 22-storey office in Melbourne’s tree-lined Queen Street. AEW
Read moreAn investment vehicle controlled by Melbourne-based Perri Projects has sold a Brisbane CBD office for $52.6 million. The 16-level building
Read moreAnother premium-quality Melbourne childcare centre has sold for an eight-figure sum. In South Melbourne, 97 Tope Street is the only
Read moreDexus is paying Queensland Investment Corporation close to $1.4 billion for three neighbouring commercial properties at one of Melbourne’s most
Read moreVicinity Centres has sold a shopping centre in Melbourne’s north-west for $113 million following an off-market campaign. The Keilor Central
Read moreA recently formed federal government organisation has signed a major office rental agreement in Melbourne’s CBD. The 12 year deal
Read moreAn owner-occupier in the furniture storage business is paying $18 million for a warehouse on an enormous block, in Altona,
Read moreHub Australia, the country’s largest locally owned co-workspace provider, has opened the doors to its first site in Brisbane. Hub
Read moreRoxy Pacific Holdings and Tong Eng Group – both based in Singapore – have paid the New South Wales Aboriginal
Read moreQIC Global Real Estate has sold an office in Brisbane’s Central Business District to Charter Hall Direct Office Fund for
Read moreA low-rise mixed-use building near the south-west tip of the Melbourne CBD has sold for $11.98 million to a China-based
Read moreNo sooner has the ink dried on the sale of one investment-grade shopping centre in Drysdale, near Geelong – has
Read moreVicinity Centres has sold Sydney’s Lidcombe Centre retail asset (pictured top and bottom) for about $145 million. The asset, anchored
Read moreThe Braybrook site which accommodated Australia’s first Masters Home Improvement store will re-open as a shopping centre (artist’s impression, top)
Read moreA fund controlled by BlackRock – the world’s largest asset manager – is paying $56.63 million for a Parramatta office
Read morePerth-based Ascot Capital has sold a poultry plant in South Australia and an office building in the Australian Capital Territory
Read moreHONG Kong based developer Far East Consortium is ready to redevelop one of the Melbourne CBD’s biggest remaining development sites.
Planning Minister Justin Madden this week approved the construction of a $1 billion-plus, multi-skyscraper compound, to replace the notorious eyesore known between 1950 and 2008 as the Lonsdale Street power station, at the Docklands-CBD suburb border, opposite the Southern Cross train station.
The Upper West Side complex, as it has been marketed, will include four major skyscrapers between 31 and 50 levels – linked by a one hectare podium rooftop garden – with a veggie patch and children’s play area. Retail will flank the ground levels.
Read moreONE of Cheltenham’s biggest office buildings, in a convenient location next door to the massive Westfield Southland shopping centre, has sold for about $15 million to a private investor.
Sydney-based syndicate GDI has offloaded the 4 – 10 Jamieson Street office it purchased for $13.5 million about three years ago.
The 5792 square metre building was one of several assets offloaded in 2007 by Henkell Brothers Investment Management, at what is now considered the peak of that property cycle.
Read moreLEIGHTON Holdings has made about $95 million from the sale of a tower within its HQ Development in Brisbane’s Fortitude Valley.
Swiss fund manager AFIAA Foundation for International Real Estate Investments has reportedly purchased the asset.
The twin tower project is due for completion this year.
Read moreTHIRTY years ago a three-bedroom house in Thomastown cost more than a three-bedroom house in Fitzroy – that’s testament to how much Melbourne’s attitude to housing has changed.
In the 1970s, to live in Collingwood, Port Melbourne or Yarraville meant to be entrenched in Melbourne’s working class. Houses could languish on the market for months – unsellable, unrentable and not worth fixing up.
Today, to own properties in these and many other particularly inner-city suburbs, is to own the real estate equivalent of a gold mine. Since the 1980s, but especially since the turn of this century, where and how Melburnians want to live has shifted and many disused, derelict but once significant sites have been redeveloped. We look at some of the biggest:
Read moreIt may be the end of an era in Richmond, with Sydney developer Lend Lease believed to be in advanced
Read moreThe on-again-off-again campaign to relocate GTV Nine from its long time 22 Bendigo Street headquarters, may be on again. Sources say
Read moreA NEAR new government-leased office building in central Bendigo and a shopping centre in West Geelong are amongst the assets for sale at a commercial property “expo”, underway at Southbank’s Langham Hotel.
The sale technique, which co-ordinator Knight Frank says is the first of its scale in Australia, exhibits about 150 properties – mostly shops, offices, factories and development sites worth less than $10 million.
A major city office building could soon change hands, despite a turbulent month in commercial property.
Read morePBL MEDIA has delivered a shock to the property market, announcing it has withdrawn from sale its Melbourne and Sydney television studios.
Read moreThe Valad Property group is believed to have abandoned plans to buy the 469 La Trobe Street office building, after concerns the $80 million price it offered for the asset was too high.
Read moreTen days after announcing it secured law firm Allens Arthur Robinson as a tenant for a Collins Street office building it hasn’t started building yet, APN Property Group will sell a 50 per cent interest in the asset.
Read moreThe roaring pace with which the commercial property markets developed momentum in the final months of 2007, has come to a grinding halt, as the full effects of interest rate rises, share market volatility and a dip in business and consumer sentiment takes its toll on a stunned market.
Read moreAn as-yet-undisclosed interstate developer is believed to have paid about $15 million for the former Channel 7 studios in Wells Street South Melbourne.
Read moreA $65 million mixed use office park, industrial park and bulky goods centre will be built on the site of a former Amcor packaging plant in Box Hill.
Read moreA $65 million mixed use office park, industrial park and bulky goods centre will be built on the site of a former Amcor packaging plant in Box Hill.
Read moreThe buildings where Graham Kennedy let loose his famous “faark” crow-call and where fans of Bandstand learned the twist and the stomp are believed to be close to sold as Channel Nine capitalises on its inner-suburban properties in Melbourne and Sydney.
Read moreThree suburban office buildings in Melbourne’s eastern suburbs have been sold, or are close to sale, in deals worth more than $40 million.
Read moreThe Myer family has made the surprise decision to part with one of the city’s most significant estates. Cranlana, on
Read moreAccor will launch its Hoxton brand in Australia within a brick and glass tower, part of the redevelopment of the
Read moreJBS Foods has committed to a chunk of Centennial’s Brooklyn Distribution Park, west of Melbourne. The initial lease term for
Read moreThree years after listing Melbourne’s biggest vacant Commercial 2 zoned site, Orica has sold it to UniSuper for $260 million
Read moreHong Kong based asset manager Pacific Alliance Group is paying $393.1 million for Sydney’s 44 Market Street. The 26 level
Read moreEXCLUSIVE Bryan Dorman has quietly paid $45.5 million for a Richmond investment next to another he purchased seven years ago.
Read moreInterests associated with Chemist Warehouse are believed to be paying c$13.91 million for Diabetes Victoria’s long-time headquarters, in Melbourne’s biomedical
Read moreThe GPT Wholesale Office Fund (GWOF) is speculated to be outlaying c$185 million for neighbouring North Sydney offices, with development
Read morePrimewest has purchased the sixth asset for its Daily Needs Retail fund (DNR) – at Potts Point, in Sydney’s inner
Read moreCenturia will develop a $40 million office on an open-air car park beside an Adelaide CBD commercial investment it picked
Read moreThe Catholic Archdiocese of Melbourne has sold three residential development sites abutting schools. In Carrum Downs, the not-for-profit is speculated
Read moreTelstra has sold two Melbourne development sites. In the south east, the group is banking $2.2 million – more than
Read moreOSK Group has sold Melbourne Square Shopping Centre – a component of its $2.8 billion master-planned residential-based village in Southbank
Read moreThe Catholic Diocese of Broken Bay and Lower North Shore Parish is seeking a development partner to replace ex-school buildings
Read moreAustralian co-working giant Hub has leased two levels within Brookfield Properties’ Brookfield Place office tower, under construction at Wynyard station
Read moreServco has sold another Toyota car dealership with a leaseback – this time to EG, which will refurbish it. The
Read moreEXCLUSIVE Primewest has bought a third investment for its Diversified Income Trust No 4 – this time in the New
Read morePace Development Group intends to build a high-end office on part of an east Melbourne site once controlled by Lexus
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