THE PROPERTY DEVELOPMENT REVIEW
NSW
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
A substantial DA-approved residential land site in Western Sydney has been acquired by a Sydney-based developer.
RWC Western Sydney's Peter Vines and Victor Sheu
$80 million
14 Schofields Road, Schofields
P: Sydneey-based Developer
"A two-level office building in Bankstown has changed hands for a record-breaking $14.825 million, setting a new sales rate for the area based on net saleable area/gross floor area. "
CBRE’s Andre Taouil and Alex Mirzaian
$26.45 million
2 Jacobs Street, Bankstown
P:Bankstown Owner-Occupier
128 Parramatta Road, Camperdown
A 13-unit block of units in Sydney with a gross passing income of circa $535,000 was purchased by an overseas private investor.
Knight Frank's Anthony Pirrottina, Demi Carigliano and Adam Droubi
$8.8 million
P: Overseas Private Investor
"Australia's first multi-storey logistics facility developed by Hale Capital Partners has been offloaded by LaSalle Investment Management. The state-of-the-art facility features environmentally sustainable design features including a 4-sta Green Star raging, ESFR sprinklers, 300kW solar panels, energy monitoring systems, EV charging stations and end-of-trip facilities. "
"V: Lasalle Investment Management P: US-Based Caboot Properties"
Colliers' Gavin Bishop, Michael Crombie, Sean Thomson and Trent Gallagher
$137.6 million
2-52 Raymond Avenue, Matraville
Tyche Asset Management has successfully divested The Riverview Hotel after recently completing a major refurbishment.
"V: Tyche Asset Management P: Universal Hotel Group"
HTL Property's Blake Edwards and Sam Handy
Undisclosed
900 Princes Highway, Tempe
A prime commercial property, offered for sale by local private owners for the first time in 37 years, has been snapped up at auction by local investors, representing a 2.09% yield.
"V: Local Private Owners P: Private Investors"
$29.8 million
167-173 Rowe Street, Eastwood
CBRE's Ray Ahsan and Lord Darkoh
"Swiss-based global private equity firm, Partners Group and Realterm, an independent global investment manager focused on the transportation industry, has announced the second acquisition of the joint venture in the Australian transportation and logistics market. "
P: Partners Group and Realterm
$28 million
311 The Horsley Drive, Fairfield
CBRE's Elijah Shakir
SA
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
"V: Dexus Wholesale Property Fund P: Scentre Group and Barrenjoey"
111 W Lakes Boulevard,, West Lakes
Scentre Group and Barrenjoey have stepped up their shopping centre funds management ambitions by acquiring a half stake in Adelaide’s Westfield West Lake.
$174.75 million
CBRE’s Simon Rooney
WA
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
A 4.29-hectare vacant block was offloaded by Elsted Pty Ltd. This rare site, strategically positioned on the major arterial route of Carrington Street, directly opposite the prestigious Royal Fremantle Golf Course, is the largest sale in WA for an industrial land holding in 2024. "A near-new childcare centre in Maylands has changed hands, representing the largest- ever single childcare transaction in WA. The sale is part of HMC Capital’s strategic asset recycling program with proceeds redeployed into its accretive development pipeline. "
Colliers’ Richard Cash and Sam Hammond, in conjunction with RWC WA’s Brett Wilkins and Stephen Harrison CBRE’s Sandro Peluso, Jimmy Tat and Marcello Caspani-Muto in conjunction with Sterling Property's Jake Wallman and Simon Brady
Undisclosed
144 Carrington Street, O'Connor
V: Eslted Pty Ltd
135-137 Peninsula Road, Maylands
$7.2 million
V: HMC Capital
October / November 2024 – 17
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