MARKET MOVES VIC DESCRIPTION
VENDOR/ PURCHASER
AGENCY
SALE $
Burgess Rawson has facilitated the transactions of nine assets at Oreana’s development, ‘The Square Berwick'. The prime neighbourhood activity centre is appropriately positioned in the thriving south-east growth corridor.
Burgess Rawson’s Romanor Falconer, David Napoleone, Justin Kramersh and Shaun Venables Jones Real Estate's Paul Jones, Luke Peric and Sam Guest Burgess Rawson’s Beau Coulter, Justin Kramersh, and Sam Mercuri, in conjunction with Dixon Commercial’s Andrew Dixon and Oscar Dixon
121 Grices Road, Clyde North
V: Various P: Various
$14.1 million
163 Toorak Road, South Yarra
Melbourne cafe mogul and Founder of Only Hospitality Group, Julien Moussi, has swooped on an iconic South Yarra property which adjoins the train station.
P: Julien Moussi
$3.8 million
A New South Wales-based private investor has purchased a prime commercial asset in Wodonga. The two-level building spans 3,811 square metres and is situated on a 2,811 square metre corner site with a 107-metre combined street frontage.
38-40 High Street, Wodonga
$6.4 million
P: NSW-Based Private Investor
13 Metropolitan Avenue, Nunawading
A prime industrial property at 13 Metropolitan Avenue was sold to a local occupier after a sales campaign managed by CVA's Jarrod Moran and Stan Dawidowski.
CVA's Jarrod Moran and Stan Dawidowski
P: Local Occupier
$2.61 million
Icon Developments, wholly owned by Japanese property and construction giant Kajima, has exchanged contracts to acquire a strategic logistics site, which will be developed into a $90m+ multi-unit logistics estate with a proposed NLA of 28,000 sqm. AW Industrial, represented by Al Armstrong and Max Weinzierl, has successfully concluded the sale of a significant 12.414-hectare block of Industrial 2 zone land on behalf of a private vendor. After 66 years of ownership, vendors have successfully sold two adjacent Brunswick warehouse showrooms. The properties were ultimately sold to two different purchasers: 270-272 Victoria Street was acquired by an investor for $1,700,000 reflecting a yield of 3.4%. At the same time, 274 Victoria Street was purchased by an owner-occupier for $1,260,000. A significant 3,004 sqm land parcel in Mansfield has been purchased by an undisclosed private buyer. Located at the foothills of Victoria’s Alps, the landholding is positioned on a high-exposure corner with a 71m frontage to Malcolm Street and a 36m frontage to Chenery Street.
1 Broadfield Road, Broadmeadows
P: Icon Developments & Elanor Investors Group
Direct
Undisclosed
130 Heales Road, Lara
V: Private Vendor P: Developer
AW Industrial's Al Armstrong and Max Weinzierl
$26.31 million
Combined $2.96 million
270-272 & 274 Victoria Street, Brunswick
Gross Waddell ICR's Raff De Luise and Julian Materia
P: Two Separate Investors
25-27 Malcolm Street, Mansfield
$1.475 million
V: Private Purchaser
Jones Real Estate's Tim Spargo
GURNER and Qualitas have acquired full ownership of the Jam Factory from fund manager Newmark Capital Limited. GURNER and Qualitas initially purchased a 35 per cent ownership of the site in 2021 for $75 million and bought out Newmarks remaining 65 per cent. The partnership plans to develop the site into a $2.75 billion mixed-use precinct. Direct
Circa $125 million
500 Chapel Street, South Yarra
V: Newmark Capital Limited P: GURNER & Qualitas
QLD
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
A mixed-use development site in Brisbane’s southwest with approval for residential small lot houses and a childcare centre has sold for more than $7 million following strong buyer demand.
V: YM Private Pty Ltd P: Brisbane-Based Development Group
70 Fleming Road, Chapel Hill
$7.2 million
Knight Frank's Christian Sandstrom
5 Bahrs Scrub Road, Bahrs Scrub
Market-leading fund manager Clarence Property has sold Harmony Early Learning, a locally based childcare business in SEQ, with the final sale price reflecting a 5.8% yield.
$6.51 million
V: Clarence Property
CBRE’s Harrison Coburn
National Business, Cohen Handler Buyers Agents, have purchased one of Brisbane’s most recognisable buildings at 68 Commercial Road. Improved by four storeys of commercial, retail and residential spaces, the 1,862 sqm building sits on a 519 sqm Mixed-Use zoned site.
68 Commercial Road, Newstead
P: Cohen Handler Buyers Agents
Undisclosed
JLL's Tim Jones and Harry Borger
79 Boundary Street, West End
The 100 year old Soda Factory in Brisbane’s West End, which came anchored by a Coles Supermarket alongside 21 additional retailers.
V: Region Group P: HNW Private Investor
CBRE’s Joe Tynan and Michael Hedge
$42 million
V: Woolworths P: Melbourne-Based Private Investor
96 Bellmere Road, Bellmere
Woolworths has sold the recently opened Warbu-Bellmere Shopping Centre, with the final sale price setting a benchmark for neighbourhood centre transactions in 2024. Global asset manager Brookfield has offloaded an A-grade office tower at 240 Queens Street. The office tower was purchased by Quintessential, marking their second major purchase in 12 months, following the $293.1 million acquisition of 1 Margaret Street in Sydney last year. An investor has made their first foray into shopping centre investment with the purchase of Nambour Central on the Sunshine Coast.
CBRE’s Michael Hedger and Joe Tynan JLL's Paul Noonan, Seb Turnbull, Kate Low and Jack Sullivan in conjunction with Knight Frank's Justin Bond and Ben Schubert Colliers' Harry Dever and Nick Dowling
$37.75 million
240 Queens Street, Brisbane
V: Brookfield P: Quintessential
$250 million
18 Ann Street, Nambour
V: PPI Funds Management P: Private Investor
$9.2 million
14 – July / August 2024
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