MARKET MOVES VIC DESCRIPTION
VENDOR/ PURCHASER
AGENCY
SALE $
Cushman & Wakefield’s Leon Ma, Hamish Burgess, Daniel Wolman and Joe Kairouz CBRE’s Simon Rooney, James Douglas and David Minty, in conjunction with JLL
281 Springvale Road, Glen Waverley
A surplus council site at Glen Waverley has sold in what is said to be a record, driven by home price growth in the Melbourne south-eastern suburb.
V: City of Monash P: Glen Carpark Pty Ltd
$50.8 million
HMC Capital has expanded its HomeCo Last Mile Retail Logistics (LML) Fund with the $107 million acquisition of Brandon Park Shopping Centre in Melbourne’s south-east.The significant The asset encompasses 5.81 hectares of land with a retail centre anchored by Coles and Aldi. The $54 million sale of HomeCo Ballarat set a new record value in regional Victoria's LFR sector. The asset came fully leased with a 93% tenant weighting national tenants, including Spotlight, Super Cheap Auto, PetBarn, Anaconda, BCF and Fantastic Furniture. A highly sought-after property situated in the rapidly developing Greenvale area, encompasses a substantial landholding that has garnered significant interest from investors and developers alike sold.
580 Ferntree Gully Road, Wheelers Hill
V: Newmark Capital P: HMC Capital
$107 million
333 Gillies Street, North Wendouree
Colliers' Tim McIntosh
$54 million
V: HomeCo Daily Needs REIT
1205 Mickleham Road, Greenvale
Circa $40 million
Direct
Ray White Wollert’s Garvit Mediratta
V: Chris Garnau, CIO & Founder of Fawkner Property P: MAB
1520 Thompsons Road in Cranbourne East
A 32.45-hectare parcel of prime development land in the City of Casey sold.
LAWD’s Peter Sagar, Paul Callanan and Henry Sayers
Undisclosed
Circa $12.5 million
79 Keilor Park Drive, Keilor Park
A premier industrial property located in Melbourne’s Keilor Park sold, represents one of the last large vacant allotments in the Keilor Park area.
Colliers agents Mitch Purcell, Corey Vraca, and Nick O’Brien
National childcare developer Accord Property has sold its Guardian Early Learning Centre at Langwarrin to a private investor.
V: Accord Property P: Private Investor
CBRE’s Sandro Peluso, Marcello Caspani-Muto and Jimmy Tat
$8.7 million
88 Potts Road, Langwarrin
626 Burke Road, Camberwell
A double-tenanted Burke Road, Camberwell shop sold for more than $5 million - nearly $1 million above the reserve.
$5.08 million
Direct
Fitzroys’ Chris James and Ben Liu
133 Acland Street, St Kilda
133 Acland Street has sold on behalf of private vendors who have owned the property for 26 years.
Fitzroy’s Mark Talbot and David Bourke
$4.4 million
Direct
19/5 Bridge Street, Geelong
A premium industrial warehouse located in the highly desirable suburb of Newtown on the outskirts of Geelong has successfully sold.
Colliers’ Ned Tansey, Jonathon Lumsden, and Jackson Carrick
$1.150 million
P: Local Owner-Occupier
Darcy Jarman's Tim Darcy and Andrew Prowse, in conjunction with Josh Rutman, Mark Stafford and Jesse Radisich
33-41 McKillop Street, 36-40 Lt Myers Street and 107 Gheringhap Street, Geelong
A local buyer has landed a supersite on the fringe of Geelong’s CBD in what’s been described as the most significant commercial property sale since the Civic Centre car park in 2022.
Circa $20 million
P: Local Buyer
241 Dandenong Road, Windsor
A Queensland-headquartered aged-care operator is making its first foray into the Victorian market with the acquisition of a vacant facility at Windsor.
CBRE’s Sandro Peluso, Marcello Caspani-Muto and Jimmy Tat
$11.75 million
P: Infinite Care
24 Doriemus Drive, Truganina
A development site in Truganina was sold to a private developer, who will look to position 4 warehouses on the site situated in the heralded Axiom Estate.
V: Robinsons Road Pty Ltd P: Private Developer
AND Property's Ben Quennell, Ricardo Cappelletti and Bryce Pane
$7.396 million
SA
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
Circa $50 million
139 Archer Street, North Adelaide
The 1.9-hectare North Adelaide Lutheran Church site has sold to four different buyers, integral among them being Chris Diamantis’ Genworth Group.
P: Multiple, incuding Genworth Group
McGees Adelaide’s James Juers and Simon Lambert
TAS
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
1 Rowitta Rd, Lindisfarne was a star performer at the August Burgess Rawson Portfolio Auctions, selling for $4.915m at a 5.43 per cent yield to a Sydney-based investor with connections to Tasmania.
1 Rowitta Road, Lindisfarne
Burgess Rawson’s Natalie Couper and Matthew Wright
$4.915 million
P: Sydney-Based Investor
14 – September / October 2024
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