Yarra Valley Farms has leased a 2800 square metre office building and warehouse in the inner-western suburb of Yarraville.Read more
DEXUS Wholesale Property Fund has paid Colonial Direct Property Investment Fund $231 million for a portfolio of 13 industrial portfolios on Australia’s east coast.
The purchase includes eight properties in Sydney, three in Melbourne and two in Brisbane. Some are income producing investments, while others are development sites.
After the acquisition, DWPF’s portfolio allocation will be 57 per cent retail, 32 per cent office and 11 per cent industrial – though the plan is to boost the industrial allocation.
THIRD-party logistics sector group QLS has paid $9.15 million for two adjoining industrial facilities in central Dandenong, a major commercial hub once marketed as Melbourne’s “second city”.
QLS has purchased a 3.2 hectare site at Kitchen Road, which includes two buildings totalling 15,000 square metres.
At the moment, it will play landlord for the two assets which are leased, but the group will eventually move into the buildings.Read more
Ten months after announcing it would pack up from the big smoke and head bush to Tatura in provincial Victoria, Unilever has sold its outgoing dry goods manufacturing facility in Knoxfield, for a price speculated to be more than $12 million.Read more
Melbourne-based developer the Pellicano Group has made more than $8 million from the sale of 17 strata office suites, at a Notting Hill business park.Read more
The ANZ Rabinov Property Management has purchased a 14,000 square metre distribution facility in the western suburb of Derrimut, leased to tyre manufacturer Bridgestone Australia, in a deal worth an estimated $16 million.Read more
The former Kraft factory in Broadmeadows will make way for a $25 million industrial park, with three tenants already committing to more than 15,000 square metres of space.Read more
A joint venture between Mirvac and Australian Super has reaped more than $16 million in land sales, from an office park it is developing on part of the former General Motors Holden site in Port Melbourne.Read more
Ford Motor Company Australia’s engine plant could fetch around $20 million as a retail development site.Read more
Valad Property Group is understood to be close to buying a portfolio of properties owned by one of Australia’s largest syndicators, Australian Unity, in a deal worth more than $40 million.Read more
After announcing it would wind down its local manufacturing base, sleepwear and leisurewear clothes manufacturer Givoni is selling its Sandringham headquarters.Read more
Sydney-based car auction group Pickles Auctions has paid $14 million for the former Modern Line Furniture centre in McIntyre Road Sunshine.Read more
Hot on the heels of its $208 million sale of Sydney’s Carlton & United Beverages brewery site to Singapore-based Fraser Properties in June, the Foster’s Group is about to put a portfolio of Melbourne inner city buildings on the market.Read more
Two industrial tenants have moved into factories formerly occupied by Australia’s biggest wine label maker, Labelmakers.Read more
A Knoxfield office and warehouse building, on a massive 1.4-hectare block of land near an Eastlink Motorway exit sold to a private investor for $8.2 million, on a passing yield of 7.7 per cent.Read more
SALTA Properties is continuing to dispose of major properties, this time putting a massive 44,000 square metre Coles distribution facility up for sale.
The two year old Altona North building is leased to Coles until 2017, and is expected to sell for about $32 million, reflecting a 8.75 per cent yield, based on the building’s current annual rental income of $2.8 million.
Port Melbourne is undergoing an industrial showroom development boom, with a further $57 million of new projects announced this week, almost doubling the value of showrooms under construction in the high-tech industrial precinct.Read more