MARKET MOVES
VIC Various, Victoria & New South Wales
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
As the logistics sector of commercial real estate continues to be one of the best- performing classes, UniSuper has expanded its investment in the sector, acquiring a half stake in an industrial property portfolio for $560 million.
V: National Pension Service of Korea P: UniSuper
Cushman & Wakefield's Tony Iuliano and Adrian Rowse
$560 million
Two off-the-plans strata office suites within Orchard Piper's highly anticipated Toorak Village development sold, setting a new city fringe and suburban record with the latest sales reflecting a building rate of $17,021 per sqm.
Circa $10 million
V: Orchard Piper P: Local Owner Occupiers
424 Toorak Road, Toorak
Colliers' Ben Baines and Matt Knox
Church Street has reaffirmed its blue-chip status, with the auction of a NAB on a shopping strip reflecting a 3,5% yield and a land rate of $24,826 per sqm.
Fitzroys’ Mark Talbot and Tom Fisher
$7.15 million
35 Church Street, Brighton
V: Local Investor
A sought-after retail investment located on a prime Thornbury corner, currently tenanted by Tradelink, sold under the hammer reflecting a yield of 4.35%.
Colliers’ Andrew Ryan, Corey Vraca and Mitch Purcell
$3.355 million
316 St Georges Road, Thornbury
P: Local Investor
Boutique property developer, Piccolo, purchased a development site situated in one of Melbourne's most sought-after residential precincts.
Colliers' Hamish Burgess, Ian Sanders and Justin Hazell
$35 million
18 Barry Street, Kew
P: Piccolo
Stonebridge Property Group's Julian White, Dylan Kilner, and Chao Zhang, in conjunction with Colliers' Alex Browne and Ben Baines
A private investor has secured a vacant 2,739 sqm office building, which was formerly the headquarters of Bunnings Warehouse
V: Local Family P: Private Investor
$17 million
465 Auburn Road, Hawthorn
428/452 Wyndham Street, Shepparton
A Dan Murphy’s anchored retail investment in the heart of Shepparton sold in an off- market transaction, reflecting a 5.76% yield.
$13 million
V: Private Investors
Colliers’ Tim McIntosh
107 Metrolink Circuit, Campbellfield
An industrial 1 zoned freehold asset in one of Melbourne's most sought-after industrial precincts sold at auction, achieving a land rate of $2,881/sqm.
Savills' Anthony Cannizzaro and Arthur Vainbrant
$5.175 million
Direct
Colliers' Ben Young and Chris Nanni
$2.65 million
180-182 Ryrie Street, Geelong
A 800 sqm, two-storey prime asset in the heart of Geelong CBD changed hands.
P: Owner Occupier
WA
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
Resource transportation firm, Skippers Transport, purchased a 1.82-hectare underdeveloped industrial site, marking the first time the property had changed hands in 25 years.
JLL's Chris Monterosso and Luke Schreier
91-103 Kurnell Road, Welshpool
$10.3 million
P: Skippers Transport
153-169 Mandurah Terrace, Mandurah
The only remaining holiday park in the heart of the West Australian coastal city of Mandurah, a tourist destination around an hour south of Perth, has sold.
V: Private Family P: Equinox Group
Knight Frank's Tony Delich and Cory Dell’Olio
$13 million
TAS
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
The 1048-hectare property known as "Reedy" was purchased by the Crouch family, who already have a substantial presence in King Island, as well as Waverley Station in Scone. After this purchase, the Crouch family owns around 30,000 Angus cattle across King Island, Scone and Gunnedah.
V: PGA Group P: The Crouch Family
King Island
(Speculated) LAWD's Danny Thomas $22.66 million
ACT
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
V: Shakespeare Property Group P Serene Capital
Serene Capital, a funds management firm that focuses on core property classes, purchased Canberra's Abode Hotel and Apartments taking their assets under management to $750 million.
CBRE’s Michael Simpson, Vasso Zographou and Tristan Cotchett
10 Bowes Street, Phillip
$41.5 million
18 –August / September 2023
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