The Property Development Review SALE $
VIC
DESCRIPTION
VENDOR / PURCHASER
AGENCY
P: Partnership between Frasers and Irongate Group
speculated $225 million
341-367 Francis Street, Yarraville 24.3 hectare industrial landholding
Stonebridge’s Justin Dowers and Philip Gartland with JLL’s Nick Willis, Sam Hatcher and Stuart Taylor
Craigieburn Junction homemaker centre
6.05 Ha property presents 25,086sqm of NLA with a WALE of 7.29 years
V: PGIM / P: QIC
$135 million
262 Lorimer Street, Port Melbourne
1.69 Ha corner site overlooking the Yarra River; leased to Rathbone Wine Group 12-storey freehold building accommodates an NLA of over 5,500sqm Australia’s flagship Subaru dealership. 1.8-hectare site
P: Offshore investor
Dawkins Occhiuto’s Chris Jones
$81.6 million
CBRE’s Kiran Pillai, Scott McGlone, Mark Coster and Stuart McCann Dawkins Occhiuto’s Walter Occhiuto and Andrew Dawkins JLL’s John Musca, Will Connolly and Stuart Taylor with Cropley Commercial’s Steve Cropley and George Iliopulos. Goldbank Real Estate Group’s Goldy Sharma & Vikram Raichura CBRE’s Bryce Pane, Harry Kalaitzis and Tom Hayes
$72.625 million
446 Collins Street, Melbourne
P: HThree City Australia
P: Nick Theodossi has teamed up with developer Ross Pelligra
99 Lorimer Street, Port Melbourne
$50 million
60-year, triple net lease returning a commencing net annual income of $1.4 million
Edwardes Lake Hotel Reservoir
P: Hotel Property Investments
$28 million
645 Derrimut Road, Tarneit
5.5-hectare mixed-use land parcel
P: Countryland Australia
$14 million
2,508sqm facility, with warehouse, cold-storage and office space and an expansive canopy
V: LaManna Premier Group / Private investor
360-374 Whitehall St, Yarraville
$8.85 million
335-341 Bridge Rd, Richmond
Two storey, 685sqm retail building
P: Melbourne based investor
Teska Carson’s George Takis
$8.3 million
CBRE’s Tom Murphy, Ricardo Cappelletti and Fergus Pragnell
V: ACCIONA P: Investor
13-17 Jessica Way, Truganina
11,900sqm industrial site
$7.3 million
18 and 22 Thomson St, Sth Melb 3-level 1970s office building
Tomassi & Co
$6.9 million
13,840sqm infill site; incoming owner who will apply for a permit for greater density on the site beyond the current 36 lot subdivision
Savills Australia’s Clinton Baxter, Julian Heatherich and Nick Garoni CBRE’s Scott Callow, David Minty and JJ Heng, with Gregson Commercial's James Gregson
South Morang
P: Local townhouse developer
$6.42 million
Customs House Hotel, Williamstown
1,100sqm site under the same ownership for more than two decades
P: A private investor
$5.85 million
290-294 Clayton Road, Clayton
Three retail shops fully leased on one freehold title
CVA’s John Nockles& Daniel Philip
$4.9 million
Office property with significant development potential
Dawkins Occhiuto’s Tim Grant and Andrew Dawkins CBRE’s Ricardo Cappelletti, Fergus Pragnell and Lachlan May Savills Australia’s Clinton Baxter and Julian Heatherich CBRE’s Ricardo Cappelletti, Tom Murphy and Fergus Pragnell
48 Wilson Street, South Yarra
P: A local investor
$4.645 million
circa $4.5 million
51-55 North View Drive, Sunshine West
A well-established and highly sought-after industrial property
P: Private investor
362sqm property owned and occupied by the Churches of Christ for more than 100 years
V: Churches of Christ P: A local developer
$4.2 million
148-150 Queensberry St, Carlton
Prominent corner asset with a warehouse of 2,088sqm and an accompanied yard
$3.466 million
65 Paramount Blvd, Derrimut
P: TWC Enterprises
Ray White Commercial’s Theo Karkanis
$3.201 million
382-384 Warrigal Road, Ashburton 550sqm retail building
Double fronted, 278sqm retail space leased to the ANZ bank
Teska Carson’s George Takis and Michael Taylor Teska Carson’s George Takis and Stephen Speck
$2.525 million
40-42 Atherton Road, Oakleigh
P: A local investor
V: Melbourne based investor P: Owner-occupier
Shop 1, 12 Fitzroy Street, St Kilda
$1.4 million
A fully fitted, 195sqm restaurant
Ray White Commercial’s Ryan Amler
$1.155 million
837 Nepean Highway, Bentleigh
Leased to long-term tenant Trifusion Fitness
$1.035 million
403 High Street, Ashburton
A single level, 140sqm retail premises
P: A Melbourne investor
Teska Carson’s George Takis
Approved for $50 million, 12 level, luxury mixed- use project,comprising four shops, office space, 57 apartments, and 30 car parking spaces
Teska Carson’s Michael Ludski and Luke Bisset
Undisclosed
189 Toorak Road, South Yarra
P: Local developer
CVA’s Ryan Milivojac, Craig McKellar and Ben Quennell Colliers’ Daniel Wolman, Oliver Hay and Rachael Clohesy
Undisclosed
28-32 Albermarle Street, Kensington Approved planning permit for 36 units over a 6-storey development
P: A local developer
A brand new, high-profile investment grade office building
Undisclosed
11 Wilson Street, South Yarra
WA
DESCRIPTION
VENDOR / PURCHASER
AGENCY
SALE $
22 and 72 Hyne Road, South Guildford Byford Village, 20 Abernethy Road, Byford
$50.75 million $33.75 million
JLL’s Tony Iuliano, Nick Goodridge and Andrew Fife
Two modern warehouses
P: Charter Hall
V: Coles Group P: Primewest
Four-year-old shopping centre
The heritage-listed four storey Tudor building, which was constructed around 1937 A fully-leased warehouse building with future development opportunities Incoming owner will repurpose the property for occupation
P: Singapore-based Fragrance Group
Colliers’ Ian Mickle, James Wilson and Wayne Lawrence
London Cour t
$28.4 million
33 Hector Street West, Osborne Park
Ray White Commercial’s Brett Wilkins
$4.9 million
Mandurah’s ex-Australian Sailing Museum
P: WOTSO Proper ty
Colliers’ Henry Vu &d Tim Scott
$2 million
Ray White Commercial’s Tom Jones and Stephen Harrison
$1.05 million
283 Wanneroo Road, Balcatta
To be converted into a medical consulting facility
P: Private medical investor.
SA
DESCRIPTION
VENDOR / PURCHASER
AGENCY
SALE $
Knight Frank’s Guy Bennett and Cushman & Wakefield’s Leigh Melbourne, Nick Rathgeber, Mark Hansen and Josh Cullen
Six-storey building fully leased to the SA State Governement
V: Charter Hall P: Centuria
21-25 Nile Street, Port Adelaide
$62.75 million
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