MARKET MOVES VIC DESCRIPTION
VENDOR/ PURCHASER
AGENCY
SALE $
An infill development site was purcahsed by a developer who has experience within the Geelong region. Given the property had a yield study showing potential for 124 house lots (STCA), this experienced developer jumped at the opportunity and purchased the property unconditionally.
97 Hendy Street, Corio
V: State Government P: Melbourne-Based Developer
Gross Waddell ICR's Danny Clark, Andrew Waddell and Glenn Ye
$12 million
A significant corner allotment at the junction of Maroondah Highway and New Street sold. The property, which has been in the same family since 1963, was purchased by a local owner- occupier, with plans to transform it into a prominent showroom.
50 Maroondah Highway, Ringwood
CVA's Stan Dawidowski and Jarrod Moran
V: Local Owner Occupier
$3.255 million
A 120 sqm building sold with a brand-new five-year lease to Toorak Road mainstay Avoca Hill Bookstore. It is on a 162 sqm site in a prime South Yarra location surrounded by local and national tenants. A near-new purpose-built hotel in the Melbourne suburb of Ringwood has been acquired by Serene Capital. Sebel Melbourne Ringwood features 103 guest rooms and suites, Orchard restaurant and bar, conference and events space, a gymnasium and on-site car parking. Vacant possession of hotel management was offered as part of the sale. Melbourne property developer Salvo has transacted for a 61.55-hectare prime landholding in Tarneit in Melbourne’s west, with plans to develop a master-planned community comprising up to 1,700 dwellings with JV partner Casey Capital. A strata full-line Woolworths supermarket has been acquired by a private investor, marking the first full-line metro supermarket sale since Coles Middle Camberwell sold in late 2022.
80 Toorak Road, South Yarra
Fitzroys’ Lewis Waddell and Ben Liu
$2 million
Private
JLL's Nick MacFie and Peter Harper, in conjunction with Stonebridge Property Group’s Rorey James, Justin Dowers and Kevin Tong
96 Maroondah Highway, Ringwood
V: Amber Property Group P: Serene Capital
Undisclosed
1228 Leakes Road, Tarneit
V: Long-Term Private Owner P: Salvo
Direct
$73 million
Craigieburn Road West &, Hanson Road, Craigieburn
Stonebridge's Justin Dowers and Kevin Tong
$17.07 million
V: Private Investor
40-150 & 152-156 Colac Road and 246-248 South Valley Road, Highton
circa $20 million
A vacant residential infill landholding in a highly desirable Geelong location has sold in excess of $20 million.
P: Levande
Colliers' Chris Nanni and Ben Young
1-9 Bellevue Crescent, Preston
An interstate investor has purchased an industrial property in Melbourne’s highly desirable Inner North.
CBRE’s Matthew Romanin, Andrew Bell, and Jake George Cushman & Wakefield's Daniel Wolman, Hamish Burgess, and Joe Kairouz and JLL's Jesse Radisich, Josh Rutman, and Tim Carr CBRE’s Australian Healthcare and Social Infrastructure team of Sandro Peluso, Marcello Caspani- Muto and Jimmy Tat. Cushman & Wakefield’s Daniel Wolman, Oliver Hay, Leon Ma, and Negotiated by Gross Waddell ICR’s Raff De Luise.
$6 million
V: Interstate Investor
Under Instructions from KordaMentha as Receivers and Managers Appointed, a highly versatile development site at 550 Swan Street, Richmond has sold to Fortis, a wholly- owned subsidiary of Pallas Group.
550 Swan Street, Richmond
$13.6 million
P: Fortis
241 Dandenong Road, Windsor
Private aged care operator Infinite Care has secured its first Victorian premises by purchasing a vacant facility in Windsor.
$11.750 million
P: Infinite Care
1 Dean Street, Moonee Ponds
Undisclosed
A private High Net Wealth family has successfully acquired 1 Dean Street, Moonee Ponds. Private
WA Attfield Street, Maddington
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
Australian-based investment and funds management company Realside Property has purchased Perth’s Maddington Central in its first retail acquisition.
V: Vicinity Centres P: Realside Property
CBRE’s Simon Rooney and James Douglas
$107 million
76 & 78 Cranford Avenue, Mount Pleasant
A fully leased retail property in Perth’s south has sold in a deal demonstrating the high demand for retail assets in Western Australia.
V: Private Vendor P: Private Investor
Knight Frank's Cory Dell’Olio and Tony Delich
$2.96 million
TAS
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
V: Challenger Group P: Nick DiMauro of Adelaide- based private equity firm, DiMauro Group
Tasmanian shopping centre, Channel Court, has been offloaded by Challenger Group, a month after the group sold its stake in a Western Australian shopping centre for $48 million.
29 Channel Highway, Kingston
$82.5 million
JLL's Nick Willis and Sam Hatcher
18 – August / September 2024
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