GPT to Reap About $90 Million From the Homemaker City Fortitude Valley Centre, Brisbane

GPT Group’s Homemaker City Fortitude Valley shopping centre, in Brisbane, is believed to be close to sale for about $90 million.

The complex includes more than a dozen bulky goods outlets, and a 700-bay car park. The centre is believed to be in due diligence to an as-yet-undisclosed purchaser.

The centre was one of seven GPT put to the market last year in Queensland and New South Wales. To date, the Cannon Hill and Windsor Centre in Brisbane have sold for a combined $20 million.

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Bill Guest to Sell Former Guest’s Showroom, Thomastown

FORMER Melbourne Football Club board member, and the founder of furniture giant The Guest Group, Bill Guest, can expect to make about $3 million from the sale of a former showroom in Thomastown which goes to auction on Wednesday.

The 2973 square metre former Guests Furniture Showroom, on a 5191 square metre block, is being sold with vacant possession.

Guests’ rose to prominence from the 1970s, before selling to Freedom Furniture in 1999. Mr Guest has since gone on to develop bulky goods centres in metropolitan Melbourne and regional Victoria.

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Hudson Pacific Group Reaps $11.45 Million From Essendon Bulky Goods Centre

A BULKY goods centre with redevelopment potential in Bomber-land has sold for $11.45 million.

Hudson Pacific Group, a wholly owned subsidiary of Hudson Investment Group, has offloaded the 15,309 square metre 299 Pascoe Vale Road site, which includes four bulky goods showrooms returning almost $940,000 per annum in rent.

The site abuts rail tracks between the Glenbervie and Strathmore train stations, on the Broadmeadows line.

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