MARKET MOVES VIC DESCRIPTION
VENDOR/ PURCHASER
AGENCY
SALE $
An ASX-listed fund acquired the newly developed Kallo Town Centre in Melbourne’s northern growth corridor, marking Victoria’s largest neighbourhood shopping centre sale in over four years and highlights the sector’s renewed appeal.
44 Toyon Road, Kalkallo
Stonebridge Property Group’s Justin Dowers and Kevin Tong
V: Oreana
$64.5 million
V: Growthpoint Properties Australia P: Local Owner-Occupier
3 Millenium Court, Knoxfield
A local owner-occupier has snapped up a rare opportunity to acquire a freehold warehouse and office asset owned by Growthpoint Properties Australia in Melbourne’s East.
CBRE’s David Aiello and Sasan Misaghian
$22 million
Melbourne-based fund manager, IP Generation, has purchased the iconic David Jones building at Bourke Street Mall. Comprising approximately 25,000 sqm of gross lettable area across seven levels, the building is fully leased to David Jones on a secure triple net lease with 18 years remaining. Colliers has announced the successful transaction of 10 Atkins Street, North Bendigo, on behalf of Morrison, following a highly competitive Expression of Interest campaign.
310 Bourke Street, Melbourne
V: Woolworths South Africa P: IP Generation
JLL's Nick Willis and Sam Hatcher
$223.5 million
10 Atkins Street, North Bendigo
Colliers' Ian Sanders, Robert Papaleo, Rob Joyes and Travis Hurst
Circa $35 million
V: Morrison
9 Quality Drive, Dandenong South
An owner-occupier has purchased a modern office/warehouse facility located at 9 Quality Drive, within one of Australia's most tightly held industrial markets.
Colliers' Gordon Code, James Stott, and Daniel Telling
P: Owner-Occupier
$13.7 million
Colliers' Ben Baines, Lucas Soccio, Duncan McCulloch, and James Zhuang
334 Maroondah Highway, Healesville
The Brown Family Wine Group has successfully offloaded the renowned Innocent Bystander's hospitality venue, located at 334 Maroondah Highway.
V: The Brown Family Wine Group P: Zonzo Estate
Undiscosed
AND Property's Ricardo Cappelletti, Ben Quennell and Joff Mithen have facilitated a rare ‘double deal’ whereby two owner-occupiers have purchased each other's facilities to meet their company’s requirements. Stonebridge Property Group's Rorey James and Kevin Tong successfully sold an El Jannah restaurant in Ferntree Gully, marking the second of only two El Jannah-leased properties ever offered to the Victorian market. Focus on Furniture has secured a 12-year lease at ESR’s premier industrial estate Greenlink in Cranbourne West, Victoria. A private investor has purchased a 3,810 sqm office/warehouse that came leased to Harvey Norman, boasting a gross passing income of $444,716 per annum plus GST, with options until 2031. Aggressive bidding under a scorching Melbourne sun has seen a strata investment, leased to a global fast food retailer in the heart of Yarraville’s thriving Anderson Street, sell in yet another very strong strip investment result. An owner-occupier has purchased a 12,031 sqm office/warehouse following a sales campaign managed by CPN Commercial Group's Peter Daris in conjunction with AND Property's Ben Quennell and Ricardo Cappelletti.
$6 million & $2.75 million
9 Efficient Drive, Truganina & 41 Triholm Avenue, Laverton
AND Property's Ricardo Cappelletti, Ben Quennell and Joff Mithen
V: M & L Holdings Group Limited
930 Burwood Highway, Ferntree Gully
Stonebridge Property Group's Rorey James and Kevin Tong
$5.52 million
P: Offshore Chinese Investor
590-620 Western Port Highway, Cranbourne West
CBRE’s David Aiello and Sasan Misaghian
$5 million
P: Focus on Furniture
2A Dunmore Drive Truganina
AND Property's Ricardo Cappelletti, Ben Quennell and Joff Mithen
$8.35 million
P: Private Investor
27A Anderson Street, Yarraville
Fitzroys’ Mark Talbot and Ervin Niyaz
$1.615 million
V: Private Owner
CPN Commercial Group's Peter Daris in conjunction with AND Property's Ben Quennell and Ricardo Cappelletti
66-70 Dohertys Road, Laverton North
Undisclosed
P: Owner-Occupier
2 Innovation Drive, Mickleham
CMV Group has purchased a strategic 4.57ha landholding, with plans to develop the site into a state-of-the-art Kenworth & DAF Truck dealership and service centre.
V: MAB & GPC P: CMV Group
CBRE’s Daniel Eramo and Joe Brzezek
Undisclosed
440 Whitehorse Road, Nunawading 78-80 Lygon Street, Brunswick East
A landmark commercial property in Nunawading leased to the nationally recognised retailer Early Settler for over 20 years, sold for $5.8 million, achieving a 4% net yield. Brunswick East’s famous The Beast sold within just 21 days of being on the market as Fitzroys generated a knockout offer well ahead of the scheduled auction. A versatile corporate suite spanning 83 sqm in the heart of Melbourne’s legal and financial district, which is estimated to gross $44,800 per annum in rental income, has been snapped up by a private investor. Hawthorn House, a commercial property in Melbourne’s inner-east, has been sold to an owner-occupier who plans to establish a new medical clinic at the double-storey building.
CVA's Jarrod Moran and Stan Dawidowski Fitzroys‘ Chris Kombi, Ervin Niyaz and Ben Liu
$5.8 million
Undisclosed
$3.75 million
P: Melbourne-Based Investor
Suite 303/167 Queen Street, Melbourne
Jones Real Estate's Paul Jones, Dan Hannebery and Tony Tai
$3.15 million
P: Private Investor
Jones Real Estate's Luke Peric, Paul Jones and Dan Hannebery
$2.05 million
150 Burwood Road, Burwood
P: Owner-Occupier
TAS
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
1 Commerce Drive, Howrah
Glebe Hill Village, Tasmania’s most technologically advanced and sustainable retail centre, has been acquired by a Charter Hall-managed fund.
V: Tipalea Partners P: Charter Hall
JLL’s Jacob Swan, Stuart Taylor, and Tom Noonan
$50.25 million
16 – February / March 2025
Powered by FlippingBook