Fawkner Property picks up service station portfolio
Waypoint REIT (WPR) has sold 31 service stations to Fawkner Property trusts for a total of $113.9 million. The deal
Read moreWaypoint REIT (WPR) has sold 31 service stations to Fawkner Property trusts for a total of $113.9 million. The deal
Read moreAPN Funds Management has acquired another six service station for its Convenience Retail REIT (AQR). The South Australian properties were
Read moreA Cranbourne West service station offloaded by developers Nigel Hunt and Dug Pomeroy less than two years ago for $4.9
Read moreDenmac Nominees has sold three near-new Queensland service stations to APN Convenience Retail REIT (AQR) for a total of $27.5
Read morePetrol giant bp has set up a NZ$534 million (A$489.5m) trust comprising the majority of its New Zealand convenience stores
Read moreCharter Hall Group and Singapore’s GIC are paying $682 million for a 49 per cent stake in 203 Australian petrol
Read moreA new service station in Seymour, about 105 kilometres north of Melbourne, sold for $4.4 million the week before a
Read moreA Dandenong South service station has traded – the second in two months. The marketing agents aren’t disclosing the sale
Read moreA new Rosebud service station with a 15-year lease to Viva Energy, trading as a Liberty, sold for $7.6 million
Read moreThree hours was what it took to seal a $6 million-plus deal for a service station in Melbourne’s north-west Gisborne.
Read moreA portfolio of 18 7-Eleven outlets offered as sale and leaseback investments traded for $78.2 million to separate buyers at
Read moreEXCLUSIVE The Withers family – which controls Australia’s 7-Eleven franchise – is offering another tranche of service stations via a
Read moreCharter Hall (CHC) is paying petroleum giant BP Australia Pty Limited $840 million for a 49 per cent stake in
Read moreDeveloper and investor Peter Spargo has banked $7.1 million from the disposal of a new service station in Melbourne’s burgeoning
Read moreNigel Hunt’s McLaren Developments, with Pomeroy Pacific, directed by Dug Pomeroy, have sold a service station in Melbourne’s outer south-east,
Read moreAn investor has paid $6.43 million for a service station on Melbourne’s northern city fringe – bringing the value of
Read moreASX-listed petrol giant Caltex Australia has sold two Melbourne service stations for a total of $7.8 million. In the biggest
Read moreService station owners Avi Silver and Eddie Hirsch have sold an Abbotsford office built into a former shoe factory. The
Read moreFormer Babcock & Brown chief Phil Green with Melbourne businessman Boris Liberman have quietly listed a $30 million portfolio of
Read moreTwo service station in Melbourne’s eastern suburbs have sold in deals worth more than $9 million.
Read moreALMOST $17 million in suburban service stations changed hands this week on low yields, as demand from private investors for securely leased retail assets intensified.
Read moreFirefly Property has sold the Deagon Travel Centre, north of Brisbane, after seven years. The division of asset manager and
Read moreBuild to rent developer and investor apt.Residential, backed by Dutch pension fund PGGM, has doubled the size of a prime
Read moreThe Department of Treasury and Finance has listed the prominent property which for decades accommodated the Burwood police station. At
Read moreCare organisation Goldfields Individual & Family Support Association Inc has snapped up a central Kalgoorlie commercial asset to part-occupy. On
Read moreDexus, for its managed Convenience Retail REIT (DXC), has snapped up the Glass House Mountains dual service centre on either
Read moreThe leasehold to Manly’s Q Station has sold for a speculated $15 million. The buyer, Glenn Piper, operates the Harbord
Read moreAnother neighbourhood shopping centre has sold, this time in Melton South. Melton Station Square, at the north west corner of
Read moreCountryland Australia, led by former Wyndham councillor Intaj Khan, has acquired a block near Tarneit train station, with plans for
Read moreUniting is selling two formerly occupied properties as development sites, in Melbourne’s inner-south. At 698-700 Malvern Road, Prahran, a 920
Read moreSam Daniels, a member of one of Queensland Gulf’s biggest cattle producing families, outbid 10 suitors on Friday to pick
Read moreServco has sold another Toyota car dealership with a leaseback – this time to EG, which will refurbish it. The
Read moreEXCLUSIVE Charlie Buxton’s Cadence Property Group has purchased the Spotswood Animal Quarantine Station for $14 million. The 3.8 hectare site
Read moreAPN Convenience Retail REIT (AQR) has paid $10.5 million for the Brisbane Airport Link service centre, in Hendra. The deal
Read moreThree east coast service station investments sold on Wednesday while last week, a developer purchased a redundant one on a
Read moreTasman Logistics Services has rented an industrial property on land forming almost a fifth of the proposed $2 billion Yarraville
Read moreEXCLUSIVE EG has paid $19.25 million for a Rosebery commercial building which will be added to its High Income Sustainable
Read moreFive weeks after Australian Unity vacated its long-time South Melbourne headquarters – an office it plans to redevelop as a
Read moreThe Royal District Nursing Service is the latest not-for-profit vendor set to benefit from a recent surge in Box Hill
Read moreThe Collingwood home of alternative radio station Progressive Broadcasting Service – or PBS – will be auctioned next month. The
Read moreSouth Korea’s National Pension Service is offering for sale what could be only the fourth Melbourne CBD holding to sell
Read moreAFTER canning plans to develop a ritzy hotel, local development family the Deague’s are selling a petrol station-turned residential development site in Prahran.
The small site, at the south-west corner of High and Thomas streets, is opposite Swinburne University’s Prahran campus, and walking distance to retail mecca Chapel Street – which commands the highest retail rents of any inner-city shopping strip.
The Deagues purchased the 118 High Street site about four years ago with plans to build a hotel, the Larwill, as part of its “art” series chain.
However, like many projects by the Deague family’s Asian Pacific Building Corporation, it’s been canned. The site is expected to sell at a premium given it now has a permit – prompting speculation the wealthy family is property speculating.
PLANS to unveil a $100 million underground rail line that would better link the Melbourne CBD to the northern and western suburbs, were unveiled today by the State government.
The new line will link Flinders Street and Melbourne Central stations to a new underground station at Parkville, which will serve hospitals and the University of Melbourne. A train link will also go to Footscray, which has been earmarked as the possible stop for an Airport-to-city link, using an industrial-only train line that extends from near Tullamarine, to St Albans.
Below is the State Government statement about the proposal:
Read moreHAWTHORN’S former police station and courthouse will be developed into a luxury hotel, after the Victorian Civil and Administrative Tribunal gave the Deague family’s Asian Pacific Building Corporation the go-ahead to build the controversial project.
Read moreProfessional services firm GHD has delivered a proposal for an emission-free office building, to be developed on top of the busy Richmond train station, in Melbourne’s inner-east.
Read moreUS retail giant Costco – reportedly the world’s eighth largest retailer – is looking to enter the lucrative Australian petrol market.
Following in the footsteps of local rivals Woolworths, and the Wesfarmers backed Coles, Costco has applied to build service stations at as-yet-undeveloped stores in Sydney and Brisbane.
The retailer reportedly sold 8.7 billion litres of fuel at its 500+ US stores in 2010.
Read moreHARDWARE giant Bunnings is believed to have paid about $25 million for a collection of adjoining sites abutting a major entrance of Westfield Doncaster shopping centre, about 14 kilometres east of town.
The ASX listed company is planning to build a warehouse on the 1.1 hectare supersite though a permit request has not yet been lodged with council.
Bunning’s parcel includes a 5250 square metre former service station site at 659 – 667 Doncaster Road which was until recently earmarked to become a major apartment tower. It also acquired the site next door, a 7-Eleven convenience store, at 669 – 671 Doncaster Road at the north-west corner of Council Street.
Read moreA PRAHRAN petrol station that was to be redeveloped as a ritzy hotel has sold to developers which plan to rebuild the site as a conventional apartment complex.
The 118 – 126 High Street property, on the south-west corner of Thomas Street and opposite Swinburne University, near Chapel Street, was offloaded by the Deague family’s Asian Pacific Building Corporation this week for $5.1 million.
APBC paid $10 million for the High Street service station, along with another Prahran site – a former Bob Jane T-Mart, at 160 Commercial Road – in late 2006.
It planned to build swank hotels on both sites to slot into its “art series” portfolio, which it has been developing over recent years.
Read moreWOOLWORTHS has launched a campaign to sell 31 Australian shopping centres and three development sites.
Most of the centres are anchored by Woolworths, as service stations, supermarkets, Big W, BWS and Dan Murphy liquor outlets.
Twenty of the assets have been developed already. Another 11 are under construction and three are blocks of land with permits and Woolworth related lease agreements in place.
Read moreA SITE at one of the busiest intersections of the north-eastern suburbs, looks set to be redeveloped at last.
Seven years since closing as a service station, a cleared site on the corner of Manningham and Thompsons roads, in Bulleen, has sold to a local developer for $1.85 million.
The 2180 square metre block was marketed with a permit for a four-level, 31 unit apartment complex with a two level basement car park.
Read moreCBRE is buying smaller Melbourne-based, national commercial real estate agency rival Burgess Rawson. The deal, speculated late last year to
Read moreTwo modern service stations in Melbourne’s west sold this week. The highest profile vendor was OTR founder the Shahin family
Read morePOD Developments has pre-committed 85 per cent of a homemaker centre ahead of its completion this month. Vinnies is the
Read moreStockland has sold the balance of the incomplete North Shore housing estate at Burdell, in Townsville’s north west. The 900
Read moreThe Shahin family’s Peregrine Corporation, behind the OTR brand, has sold three Viva Energy backed service stations for $24.645 million
Read morePetroleum entrepreneur and property investor, Nick Andrianakos, has swooped on another shopping centre stake – this time from The GPT
Read moreSteven and Tony Sass have sold four strata titled components of the Tarneit Square commercial complex, in Melbourne’s west. Via
Read moreElanor Investors Group (ENN) has divested another shopping centre, this time in Queensland. Northway Plaza, on 2.4 hectares at 29
Read moreDexus will bank $32.8 million selling seven Queensland service station from the Convenience Retail REIT (DXC), control of which it
Read moreThe Hirsch family has divested another regional asset, this time in Ballarat. The Woolworths at 1203-1205 Howitt Street, Wendouree, collected
Read moreAn occupier has swooped on an irregular shaped Clayton South industrial asset four days ahead of the close of an
Read moreMPG Funds Management has snapped up another piece of the Dubbo Homemaker Centre. The 850 square metre showroom at 4
Read moreNRMA Parks and Resorts is beefing up its accommodation portfolio, snaring the waterfront Blue Dolphin Holiday Resort from the Mitchell
Read moreUnited Petroleum founders Eddie Hirsch and Avi Silver have secured a high profile, two level office abutting the Monash Freeway/Toorak
Read moreUnited Petroleum founders Eddie Hirsch and Avi Silver have snapped up a 1.21 hectare corner site at Clyde North, 46
Read moreArise Developments has sold two new neighbouring convenience retail investments – part of a master-planned town centre in the Whiteman
Read moreLocal developer Solovey has bought a Casey site permit-ready for a low density residential project. The 2.92 hectare block, 4
Read moreThe Stevens Group has bought a development site in a $1.7 billion housing estate being delivered by Mirvac and Peet
Read moreConvenience store chain EG Group has sold the second of three service stations listed last month with leasebacks running until
Read moreMelbourne based Fawkner Properties has secured another interstate mall – this time in Queensland. The fund manager is paying Stockland
Read moreEXCLUSIVE Merri-bek City Council has quietly snapped up a prominent inner north Melbourne site until recently earmarked for a major
Read moreGoldfields has won permission to develop a town centre on a corner Tarneit site it picked up for $16 million
Read moreOreana has applied to develop a small shopping centre, gym, medical complex and 23 townhouses on a 1.4 hectare piece
Read moreTwo Tasmanian service stations sold to separate investors late last year. At Newnham, a northern suburb of Launceston, 7 George
Read moreMPG Funds Management has swooped on the new Dubbo Homemaker Centre, 300 kilometres north west of Sydney. The 3796 square
Read moreThe owners of Chemist Warehouse, including the Gance and Verrocchi families, have acquired another High Street style shop – this
Read moreMirvac has secured Woolworths to a lower ground floor space at 380 St Kilda Road, which is about to undergo
Read moreAn investor has sold a Dandenong South service station nearly three years after buying it off-the-plan. The 2973 square metre
Read moreDeal Corporation has sold down a new Beaconsfield convenience retail investment. Separate buyers snapped up the three assets – all
Read moreAn enormous commercial development site opposite the south west boundary of the Western Sydney Airport, at Luddenham, has hit the
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