Vicinity sheds another Perth mall
Vicinity is selling another sub regional Perth shopping centre, this time in the north east. Maddington Central is speculated to be
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Western Australia
Council sells ex-operations centre to developer
The City of Subiaco has sold an ex-operations centre to local developer Cedar Woods which will nearly double the size
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Centuria locks in Melbourne, Perth industrial tenants
Centuria has secured tenant clients on long leases for two warehouses each side of the country. In the biggest deal,
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Coles offloads near-new Perth mall
Coles has sold another neighbourhood shopping centre with a part leaseback, this time in Perth’s Brabham. The result for Whiteman
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Hitachi doubles down in south Perth
Hitachi Construction Machinery Australia will expand its Western Australian operation, buying a 5.2 hectare block next to a $60 million
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Melbourne’s GPO for sale as part of $600m portfolio
ISPT has listed Melbourne’s GPO as part of a portfolio also with the neighbouring The Strand, a regional Western Australian
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Perth site bought for new student accommodation mandate
Fund manager Australian Unity with UniLodge and MaxCap have formed a $1 billion student accommodation mandate. To be seeded with
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Vicinity takes major hit on Perth mall
Four years after listing it with $650 million price hopes and 18 months since a $530m deal to Elanor Investors
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Lithium group shifts HQ across state
EG Funds has lured an ASX-listed lithium group from Adelaide to Perth’s 2 Mill Street. The tenant is paying a
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Australian Unity sells mall after 12 years
Locus Property Group and Security Capital Australia have snapped up a neighbourhood shopping centre at Woodvale, north of Perth, for
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Westbridge reweighs portfolio with Brisbane, Perth deals
Westbridge Funds Management has reweighed its portfolio with two deals. In the biggest transaction, the group is banking $19.3 million
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Vacant Perth office collects $33m
Cashed up Properties & Pathways investors have bought a 14 year old Perth CBD office from a syndicate including developers
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Barwon boosts disability accommodation portfolio
Barwon Investment Partners has bought three assets for its Disability Accommodation Fund. In Melbourne’s Dandenong, and in Western Australia, at
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Bond family buy Perth homemaker centre
Banjo Bond, the son of Primewest founder John and grandson of the late Alan, has snared a Midland homemaker centre
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Cadds upgrades, upsizes Perth base
Brookfield Properties has secured draft and design consultancy Cadds Group to the third floor of Perth’s Royal Insurance Building. The
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National CBD retail vacancy rate rises
While Australia’s CBD retail vacancy rate rose in the first half of the year current enquiry levels suggest the market
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Two buyers swoop on new convenience retail investment
Arise Developments has sold two new neighbouring convenience retail investments – part of a master-planned town centre in the Whiteman
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Transport groups trade Perth depot
Cleveland Freightlines – which closed last December after 45 years – has sold one of two recently listed former depots
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Far East Consortium list Ritz-Carlton portfolio
Far East Consortium is capitalising on post-COVID demand for Australian hotel investments, listing Ritz-Carltons in Melbourne and Perth. The Hong
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RAM buys healthcare investments with development plans
Real Asset Management has acquired two healthcare assets with development upside at each end of the country. In the biggest
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Woolworths offers historic Nedlands hotel for lease
Woolworths is offering Nedlands’ historic Captain Stirling hotel for lease, four months after winning a planning battle to develop the
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Hesperia snaps up aged care home, land
Adrian Fini and Ben Lisle’s Hesperia has paid $53 million for an 84 unit independent living complex and neighbouring development
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Centuria, Vukelic family trade second mall this year
Centuria has bought another regional Western Australian shopping centre from the Vukelic family. Busselton Boulevard, about 50 kilometres north east
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Westbridge sells Perth medical centre
Westbridge Funds Management has sold the fully leased Cottesloe Medical Centre for $11.8 million – more than double what the
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Grain co-op secures WA motel
Grain growing co-operative CBH Group has purchased the Geraldton Motor Inn, part for employees and contractors who would otherwise find
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Andrew Forrest buying Australia’s biggest sheep station
Andrew and Nicola Forrest are seeking to buy Australia’s biggest sheep station – part to utilise for green energy infrastructure
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HMC snares $1.2b hospital portfolio
HMC Capital has picked up a portfolio of 11 hospitals, seven which will be held by two trusts. The $1.2
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Developers sell Victoria Park office after 34 years
An office leased to Services Australia in Perth’s inner south east Victoria Park has been sold by the developers –
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Andrew and Nicola Forrest buy another WA mango farm
Andrew ‘Twiggy’ Forrest and his wife, Nicola, via their Harvest Road Group, are paying a speculated $2.6 million for the
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Adbri divests two more blocks
Adbri has offloaded two more assets surplus to its needs. In the biggest deal, the group has banked $57 million
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