Issue 39 | The Property Development Review

MARKET MOVES

NSW

VENDOR/ PURCHASER

DESCRIPTION

AGENCY

SALE $

55-59 Regent Street, Chippendale

HB+B Property and AMP Capital have sold a City Fringe office asset to a private investor for $59.5 million. Brokered off-market by JLL's Mitch Noonan and James Aroney, the property is located in Sydney's Tech Central precinct. The Soglimbene family has sold a 650 sqm development site approved for a 12-unit development with a cafe at 101-103 Lilyfield Road to RK Group.

V: HB+B Property & AMP Capita P: Private Investor

JLL's Mitch Noonan and James Aroney $59.5 million

101-103 Lilyfield Road, Lilyfield

V: The Soglimbene Family P: RK Group

Anthony Pirrottina and Demi Carigliano of Knight Frank

$2.9 million

2415 Camden Valley Way, Casula

Laundry Hotels has purchased the 140-room Hunts Hotel Liverpool for an undisclosed price with industry sources speculating the sale fell between $40 and $45 million.

V: Private Owner P: Laundry Hotels

JLL Hotels & Hospitality Group's Andrew Langsford, Ben McDonald and Nick Roche in conjunction with JLL Capital Markets' Dylan McEvoy

$40 - $45 million (speculated)

144 Rouse St, Tenterfield

Redhill Hospitality has acquired a Best Western Henry Parkes Hotel in Tenterfield for $4 million, adding to their portfolio of 10 regional motel assets across the east coast. JLL Hotels & Hospitality Group has sold the Rydalmere Tavern and Chelsea Hotel in a combined deal worth more than $100 million Leading CRE investment firm, MaxCap Group and multi-disciplined property developer Time & Place have sold an industrial site in Sydney's west to alternative asset management firm, Brookfield for over $90 million. Agricultural asset management firm, Warakirri, has purchased The Coldridge vineyard in South Australia's Riverland wine region as well as the Grande Junction vineyard in Southern NSW's Pomona. A partially built 184-apartment tower built by Sydney Developer Merhis Corp has sold for $11 million.

P: Redhill Hospitality

$4 milion

CBRE Hotels’ Hayley Manvell

279 Victoria Rd, Rydalmere & 14 Railway St, Chatswood

P: Private Hotelier

JLL Hotels & Hospitality Group's John Musca and Ben McDonald

Circa $100 million (combined)

2 Christina Road, Villawood

V: MaxCap Group and Time & Place P:Brookfield

CBRE's Jason Edge

$90.09 million

Grande Junction vineyard, Mildura & Coldridge vinyard, Loxton

JLL’s Chris Holgar, Geoff Warriner and Clayton Smith

$62.5 million (combined)

V: Australian Vintage P: Warakirri

$11 million

29-31 Second Avenue, Blacktown

V: Nera Developments P: Private Developer

Colliers’ Matthew Meynell, James Cown and Jordan McConnell, with Lincoln Blackledge of Stonebridge

$46.25 million

2/14 Kings Cross Rd, Potts Point

Hospitality and accommodation operator, Pro-invest Group, have purchased the Larmont Hotel in Potts Point off of an ownership consortium consisting of Singapore-based Amcorp Global, Kenmooreland, and Melbourne hoteliers Jan and Peter Clark.

V: Amcorp Global, Kenmooreand, Jan & Peter Clarke P: Pro-Invest Group

Direct

$13 million

162 Flinders St, Paddington

The Bruce Mathieson Group has purchased The Captain, a recently refurbished hospitality asset in close proximity to some of Sydney’s most prominent entertainment landmarks like Allianz Stadium and the SCG. Charlie Redmond has acquired the leasehold to double-storey Coast Hotel in Coffs Harbour, at 2 Moonee Street. T the McCall Community Gardens Foundation divested the 30.9-hectare site surrounding their historic Box Hill facility. National property developer WST Property Group were responsible for purchasing 10-32 Terry Road, as part of their continued interest in large- scale community developments. A recently constructed Guzman y Gomez outlet has been sold in Orange's core commercial precinct, for an impressively tight yield of 3.81% Dexus Wholesale Property Fund announced in December that it has reached a conditional agreement for the sale of Deepwater Plaza in Woy Woy for $112 million. The Kelly family, who own several landmark Sydney hotels has secured a circa $40 million buyer for the Brookvale Hotel. A mammoth 14,916-hectare cotton farm, Gundaline Station, located in the NSW Riverina region, has been offloaded by Dutch-based fund, Optifarm.

V: FHT Nominees P: BLM Group

Nick Butler and Tony Bargwanna from Savills

$2.8 million

2 Moonee Street, Coffs Harbour

P: Charlie Redmond

JLL's Jake MacDonald

Circa $200 million

10-32 Terry Road, Box Hill

V: McCall Community Gardens Foundation P: WST Property Group

Knight Frank's Grant Bulpett and Mark Litwin

$6.3 million

2-6 Bathurst Rd, Orange

V: Spectrum Retail Grop

Burgess Rawson's Yosh Mendis

$112 million

Deepwater Plaza, Woy Woy

V: Dexus Wholesale Property Fund

CBRE's Simon Rooney

circa $40 million circa $120 mllion

511-513 Pittwater Rd, Brookvale

V: The Kelly Family P: The Irvin Family V: Optifarm P: Jingsheng Textiles

JLL's John Musca and Ben McDonald

Gundaline Station, Carrathool

Danny Thomas and Elizabeth Doyle of LAWD

$22 million

35 Union St, Cooks Hill

The historic Commonwealth Hotel has been purchased by adept publicans Ashton Waugh and Ben Lawler.

V: Stew Smith and Cath Antaw P: Ashton Waugh and Ben Lawler

HTL's Dan Dragicevich and Blake Edwards

circa $16 million

Harrigan's Irish Tavern & Harrington River Lodge,

The Roche family have unloaded a 1.8-hectare hospitality asset, Harrigan's Irish Tavern & Harrington River Lodge, to local hotel owner Glenn Knight.

V: The Roche Family P: Glenn Knight

HTL Property's Andrew Jolliffe and Xavier Plunkett

$20.5 million

61-69 Macquarie St, Sydney

The Eastbank Café located on the luxurious East Bank of Sydney's Circular Quay has sold for $20.5 million.

V: Karl Kazal

Colliers agents Joseph Lin and Steam Leung and Callum Cooke in conjunction Fiona Yang of Plus Agents

16 –February / March 2023

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