MARKET MOVES Brought to you by NSW DESCRIPTION VENDOR/ PURCHASER
THE PROPERTY DEVELOPMENT REVIEW
AGENCY
SALE $
The Dunkirk Hotel, which underwent a significant renovation over two years following the onset of COVID-19, including a striking upgrade to the façade, expanding and enhancing the gaming room, and refurbishing the 12 accommodation rooms, sold.
205 Harris St, Pyrmont
V: Shogroup
JLL's Kate MacDonald
Undisclosed
Origin Energy has purchased a 7,690-hectare agricultural property, known as Warrane, for what is believed to be more than its asking of $35 million.
V: Michael Hintze P: Origin Energy
LAWD’s Col Medway and Danny Thomas
Speculated $35+ million
1188 Warrane Road, Armidale
Initially constructed in 1855, the now hospitality hotspot, heritage listed Manly Wharf sold to known wharve developer.
V: TMG Developments P: Howard Smith Wharves
CBRE's Simon Rooney and James Douglas
Manly Wharf, Manly
$80 million
The property development arm of Coles Group has sold a mixed-use apartment and retail site in South Sydney, that came with a development approaval and agreement for lease for a 4,073 Coels and Liquorland.
V: Coles Group P: Conquest
Caringbah
$44 million
CBRE's James Douglas and Ben Wicks
JLL's Sebastian Fahey, Dylan McEvoy and Willis in conjunction with Stonebridge's Phillip Gartland and Alexander James-Elliot
The 4,063 sqm Elermore Vale Shopping Centre was sold in an off-market transaction, with the sale price reflecting a passing yield of 4.8%.
V: Tamim Asset Management P: Sydney-Based Private Investor
137 Croudace Road, Elermore Vale
$27 million
ESR Australia has secured one of the few remaining large-scale industrial sites in South Sydney, taking their development pipeline to $7.9 billion.
V: Allnex P: ESR Australia
Colliers' agents Trent Gallagher and Michael Crombie
$143 million
49 Stephen Road, Banksmeadow
WA
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
CBRE’s James Douglas and Chloe Mason, in conjunction with VPG Property’s Craig Butler & David Walser
Centuria has purchased the Busselton Boulevard Shopping Centre, with the final price reflecting a 9.19% initial yield and a forecast IRR or 13%
V: Local Vendor P: Centuria
69 Prince Street, Busselton
$16 million
V: Private West Australian Family P: The Tseriotis Family
850 North Lake Road, Cockburn Central
A large 9,242 sqm landholding with a purpose-built medical centre constructed and approximately 5,650 sqm of excess developable land to the rear sold.
Knight Frank's Tony Delich and Cory Dell’Olio
$6 million
$5.7 million
15 Hodgson Way, Kewdale
An owner-occupier has snapped up a prime industrial site in Perth via an off-market deal. P: Local Owner-Occupier
Knight Frank's Tom Iredell
"V: Metallica Property Development Pty Ltd P: Private Developer"
A 48,473 sqm vacant block of industrial land in Perth’s east has sold in an off-market deal amid ongoing strong demand for infill industrial sites.
$20.6 million
26 Central Avenue, Hazelmere
Knight Frank's Tom Iredell
July / August 2023 – 17
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