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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