Unexpected buyer swoops on disaster recovery centre
Westpac has sold a Sydney data centre turned disaster recovery facility for $23.05 million. The five level, 5629 square metre
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New South Wales
RF Corval scoops up west Sydney warehouse
EXCLUSIVE RF Corval has bought its third major industrial investment in two months. At Villawood, it is also the second
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Charter Hall lists childcare centre with development upside
Charter Hall is selling one of the more valuable childcare centres from its Social Infrastructure Fund (CQE), in Sydney’s Cremorne.
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Revelop secures another strata titled shopping centre
Revelop has swooped on a near new strata titled shopping centre after a significantly more valuable deal to Centuria managed
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ISPT offloads Northern Beaches mall
ISPT has sold a Northern Beaches shopping centre for about $60 million – the price it paid nearly 10 years
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Gretel Packer rescues historic theatre from redevelopment
Gretel Packer has bought an 85 year old Art Deco theatre once owned by George Miller and before that, Metro-Goldwyn-Mayer.
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Council offloads problematic aged care complex
The Kiama Municipal Council is a step closer to selling the problematic Blue Haven Bonaira aged care home and independent
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Spanish engineering giant sells under-utilised industrial site
EXCLUSIVE Engineering giant Acciona has sold a north west Sydney industrial holding for 10 per cent less than expectation when
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Revelop snares supermarket from Woolworths off-market
Woolworths’ development arm Fabcot has sold another recently completed supermarket-backed retail investment. The Kirrawee Shopping Centre, which it fought the
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Fund manager accepts discount on office, car park sale
Australian Unity has quietly shed another commercial investment from its Office Fund (AOF) – this time in Sydney. The vacant
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Sydney warehouse quietly sells for $40m
A Canada based family office has purchased a 1.8 hectare Prestons investment – negotiating directly with the vendor. Represented by
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Lendlease, Mitsubishi eye historic Sydney sites for apartments
Lendlease and Mitsubishi Estate Asia are purchasing a prime inner east Sydney amalgamation with plans for luxury apartments. The 1739
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Nelson Meers, Francis Venues swoop on Sydney hotels
Redcape has shed three more hotels banking a total c$136 million. In the biggest deal, Sonnel Hospitality, a new arm
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Riverside Parramatta plot sells off-market
An under-utilised predominantly vacant office occupying a prime riverside spot in Parramatta’s CBD has sold off-market. The result for 60
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Jim Knox turns impressive profit from pub sale
Jim Knox is banking an impressive capital gain flipping Griffith’s The Area Hotel after five years. Another publican, Trent Middleton,
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Northwest breaks even on aged care portfolio sale
EXCLUSIVE Northwest managed Vital Healthcare Property Trust has quietly sold three aged care investments bought in March, 2020, when the country
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Fund managers trade $102m industrial estate
EXCLUSIVE ESR has sold a multi-building business park picked up with its takeover of Propertylink in late 2018. The 5.8
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Cbus secures Sydney office in bittersweet deal
Cbus has secured the half stake it didn’t control of a prime Sydney office. In what could be considered a
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HMC divests childcare centres
HMC Capital has sold two modern childcare centres held less than four years. In the biggest deal, the manager is
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ASX commits to swank Martin Place HQ
The Australian Securities Exchange will move its headquarters to Investa and Manulife’s 39 Martin Place, due for completion next quarter
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Barings picks up North Sydney office
Barings has added another significant investment to its book, this time an A-grade North Sydney office. The US-based asset manager
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MPG doubles down in Dubbo
MPG Funds Management has snapped up another piece of the Dubbo Homemaker Centre. The 850 square metre showroom at 4
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Landmark Blacktown mall selling for $900m
Haben, founded in 2009 by father and son Harold and Ben Finger, is teaming with one of the world’s biggest
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Stockland sells conservation site
Stockland has sold a 63 hectare site adjacent to its Willowdale housing estate, at Denham Court, east of Leppington. At
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Dexus, RF Corval trade Newcastle offices
EXCLUSIVE Dexus has sold two A-grade Newcastle offices acquired following its 2021 takeover of APN. The deal for 26 and
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Griffith Group exits Wollongong mall in the black
Griffith Group, which turns 10 this year, has sold Wollongong’s Bayview Centre after a three and a half year repositioning.
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Terry Agnew accepts discount on Byron Bay site
Terry Agnew has sold a major Byron Bay development site for some $20 million less than the price he put
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Pittwater drops another $39m in Sydney
Pittwater Industrial, formed in 2021 by former Urbanest directors Ted Hawkins and Dave Munro, has bought another investment, this time
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Investors dig deep for older style apartment complexes
Buoyed by a rental shortage and rising replacement costs caused by, amongst other things, inflation and a tradie shortage, investors
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Toshiba to relocate Australian HQ
Toshiba will relocate its Australian headquarters to a recently completed office in Sydney’s north west. The technology giant won’t move
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