MARKET MOVES
VIC
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
High-end residential developer Roulston with the Buxton Group has secured the last significant development site comprising two adjoining lots in the highly converted Malvern East, directly opposite Central Park.
385-387 Wattletree Road, Malvern East
Colliers' Ted Dwyer and Ben Baines
$14.5 million
P: Roulston & Buxton Group
Fitzroys’ Brent Glassford and Marco Sandrin
A local operator has pounced at the opportunity to buy their own premises after a highly-functional logistics facility on the same well-located street was put on the market.
$5.95 million
47 Burns Road , Altona
P: Local Operator
A prime strata-titled investment occupied by national restaurant chain La Porchetta and positioned opposite Woolworths in a booming Melbourne growth corridor sold for $3.3 million.
Shops 5-8, Hazel Glen Drive, Doreen
V: Local Investor P: Local Investor
Fitzroys’ Ervin Niyaz and Chris Kombi
$3.3 million
Circa $8 million
5-7 Clarendon Street, Avondale Heights
A 1,414 sqm childcare centre with a annual rental income of $428,400 and a new 20-year lease sold to Melbourne-based investment fund.
CBRE's Sandro Peluso, Marcello Caspani-Muto and Jimmy Tat
P: Hume Partners
101 Clarke Street, South Melbourne
Clarke House - a multi-storey 1,025 square metre commercial building, owned by former Piping Hot managing director, sold 24 hours before its scheduled auction on Friday.
V: Mark Johannsen P: Local Owner-Occupier
Jones Real Estate's Paul Jones and Luke Peric
$6.56 million
A corner hospitality freehold, tenanted by Figlia Pizzeria & Grana Deli, by hostpiality operators Luke Skidmore, Andreas Papadakis and Alberto Fava (Tipo 00) sold on a 4% yield and a land rate of $9,722 per sqm.
331-335 Lygon Street, Brunswick East
V: Private Investor P: Private Investor
Fitzroys’ Chris Kombi and Ervin Niyaz
$3 million
A local investor has purchased a 1,128 sqm office warehouse building, reflecting a building rate of $3,590 per sqm.
Colliers' Mitch Purcell and Corey Vraca
$4.05 million
193 O'Herns Road, Epping
P: Local Investor
Vicinity Centres has sold the Broadmeadows Homemaker Centre for $20 million on the heels of its recent $134.5 million sale of a 50% stake in the neighbouring Broadmeadows Central regional shopping centre.
V: Vicinity Centres P: Private Investor
1185-1197 Pascoe Vale Road, Broadmeadows
$20 million
CBRE’s James Douglas
NSW
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
A Sydney-based investor group purchased a 5,259 sqm fully occupied asset in Wollongong that holds a rental income of $1.412 million in an off-market deal.
Burgess Rawson's Geoff Sinclair and Yosh Mendis
67-71 King Street, Warrawong
P: Sydney-based Investor
$21 million
After a successful capital raising campaign that saw $700 million raised, Centennial and Brookfield Real Estate's Enhanced Value Partnership has secured two industrial and logistics assets spanning 42,000 sqm.
V: Centuria Capital P: Centennial & Brookfield Real Estate
114 and 120 Old Pittwater Road, Brookvale
Colliers' Gavin Bishop in conjunction with CBRE's Chris O'Brien
$84 million
Centennial continued its purchase streak this month, with the acquisition of another 5.3Ha logistics facility.
V: Charter Hall P: Centennial
115-121 Jedda Road, Prestons
Cushman & Wakefield
$79 million
The iconic Republic Hotel, in the centre of the Sydney CBD, was sold by a Singaporean Investment Trust, which acquired the asset in 2017.
V: Singaporean Investment Trust P: Virtual
Circa $40 million
JLL's Ben McDonald, in conjunction with Savills' Nick Lower
69-73 Pitt Street, Sydney
A two-storey freehold with 180 sqm of net lettable area on a 140 sqm site was sold by a local owner-occupier.
V: The Choy Family P: Offshore Investor
Knight Frank's James Masselos and Anthony Pirrottina
133 Belmore Road, Randwick
$2.35 million
V: Redcape Hotel Group (MA Financial) P: Local Operator
HTL Property's Sam Handy and Andrew Jolliffe
Undisclosed
3 Memorial Drive, Shellharbour
Redcape continued its selling streak with the sale of the Central Hotel.
22 –September / October 2023
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