MARKET MOVES CON’T NSW DESCRIPTION VENDOR/ PURCHASER
AGENCY
SALE $
Partners Group, one of the largest firms in the global private markets industry, acting on behalf of its clients, and Realterm, an independent global investment manager, announced today the third acquisition of their transportation logistics real estate joint venture in Australia. A Chemist Warehouse shop in Chatswood has sold off the market for $17.3 million, representing a tight net yield of 2.9%.
59 Glendenning Road, Glendenning
V: S&L Steel P: Realterm
Colliers’ Gavin Bishop, Sean Thomson, Michael Crombie and Trent Gallagher $33 million
451 Victoria Avenue, Chatswood
V: Hong Kong-Based Investor P: NRG Pty ltd
Shead Property’s Rick Sombroek and Bill Geroulis
$17.3 million
7 Ashley Lane, Westmead
A 26.39% stake in The Specialist Medical Centre in Sydney’s Westmead, otherwise known as The Skin & Cancer Foundation, has been sold for $8 million.
Knight Frank's Sam Biggins and J essen O’Sullivan
V: Skin & Cancer Foundation P: HNW Investor
$8 million
Leading global real estate investment manager, Hines, in partnership with Haben Property Fund, has acquired Westpoint shopping centre in Blacktown, Sydney, from Queensland Investment Corporation Ltd (QIC). Vicinity Centres has successfully sold half shares in Sydney’s Roselands Centre and Carlingford Court for a combined $287 million, amid resurging buyer interest in shopping centre investment opportunities.
17 Patrick Street, Blacktown
V: QIC P: Hines
Undisclosed
Colliers Lachlan MacGillivray
V: Vicinity Centres P: JY Group
Various
CBRE’s Simon Rooney
$287 million
12 Carabella Street, Kirribilli
Sydney-based developer WINIM has purchased the former Glenferrie Lodge in Kirribilli, with plans to develop a $50m luxury hotel.
$23 million
V: WINIM
CBRE’s Raymond Tran
1 Olympic Drive, Milsons Point
Sydney’s iconic Luna Park, one of Australia’s most recognisable amusement parks, is to be acquired by local company Oscars Group following an international sales campaign.
V: Brookfield P: Oscars Group
CBRE’s Simon Rooney, Paul Ryan and James Douglas
Undisclosed
Circa $10 million
23-25 Higginbotham Road, Gladesville
A vacant block of land in Sydney’s Lower North Shore with development approval for a multi-level strata industrial development has sold.
V: Motive Properties P: Local Developer
Knight Frank's Anthony Pirrottina, Demi Carigliano and Angus Klem
9 Chicago Avenue, Blacktown
A private owner-occupier has purchased a prime industrial warehouse in Blacktown from Cetna Holdings, reflecting a 4.5% yield.
V: Cetna Holdings P: Owner-Occupier
CBRE’s Matthew Alessi and Brendan Wein
$7.75 million
10 Industry Road, Vineyard
Sydney-based property fund manager Stirling Property Funds has acquired the McGraths Hills Home large format retail centre for $55 million.
$55 million
P: Stirling Property Funds
CBRE’s James Douglas
15 Shandan Circuit, Albion Park
An unlisted fund managed by Charter Hall has exchanged contracts to sell Bunnings Albion Park to a high-net-worth foreign investor for $40.6 million.
V: Charter Hall P: HNW Foreign Investor
$40.6 million
CBRE's James Dougla
51 Fourth Avenue & 15A Butterfield Street, Blacktown
A local scaffolding company has acquired a freestanding warehouse/office in Blacktown to accommodate business expansion.
V: Private Investor P: Owner-Occupier
CBRE’s Matthew Alessi and Brendan Wein
$10.6 million
27 Church Street, Camperdown
A unit block in Sydney’s Camperdown has sold within three days of the EOI campaign close date.
V: Belcorp P: HNW Private Investor
Knight Frank's Anthony Pirrottina, Demi Carigliano and Adam Droubi
$3.75 million
SA
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
V: Layton Property's Hamith Brown & Will Brown P: Private Investor V: KM Property Funds P: Local Pricate Investor
14 Village Terrace, Blakeview
A private investor has paid $5.575 million for a KFC in Blakeview, South Australia reflecting a sharp 4% return.
$5.75 million
Burgess Rawson’s Beau Coulter
Various, Thebarton
Thebarton Square, a 14,510 sqm site that was the former Thebarton campus of the University of Adelaide, has sold for $22 million in an off-market deal by Knight Frank.
Knight Frank's Ryan Mills and Max Frohlich CBRE's Andrew Bell and Jon Nitschke, in conjunction with Colliers' Gavin Bishop and Paul Tierney.
$22 million
7 Brandwood Street, Royal Park
Centuria Capital Group has acquired a third asset for its Centuria Select Opportunities Fund, a $21.9 million dual-tenant warehouse, 11km northwest of Adelaide’s CBD.
$21.9 million
P: Centuria
WA 91 Hampton Road, Fremantle
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
A prominent medical centre in Perth’s western suburbs with a long and rich history has sold for $9.1 million, demonstrating the strong demand for quality healthcare assets.
Knight Frank's Cory Dell’Olio, Tony Delich and Sam Biggins
$9.1 million
V: Private Vendor
Chesterfield Property Group, a prominent West Australian investor, has successfully acquired the Rendezvous Hotel Perth Central, and plans to make significant investments in the 103-room hotel, exploring alternative uses to meet evolving market demands.
24 Mount Street, Perth
$18.5 million
P: Chesterfield Property Group JLL's Andrew Langsford
18 – February / March 2025
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