MARKET MOVES
VENDOR/ PURCHASER
NATIONAL
DESCRIPTION
AGENCY
SALE $
"GPT secured 23 logistics investments and an office for a total of $681.7 million. The remaining assets, two offices and an essential services asset, were secured by MA Financial for a speculated $125 million
V: Ascot Capital P: GPT & MA Financial
CBRE’s Chris O’Brien and Morgan Stanley’s Tim Church
Commercial Property Portfolio
$800 million +
The parks, two in WA, one in northern NSW and one in VIC, will join Tasman’s already 21-strong holiday park portfolio. All acquisitions have been made since its foundation in 2019.
$65 million
Holiday Park Portfolio
P: Tasman Holiday Parks.
NSW
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
A 50% interest in trophy Sydney retail assets the Queen Victoria Building, The Strand Arcade and The Galeries in a landmark transaction
CBRE’s Simon Rooney and Colliers’ Lachlan MacGillivray
Sydney
P: Hong Kong’s Link REIT
$538.2 million
54,919sqm GLA shopping centre located 85km south-west of the Sydney CBD. The centre occupies a landmark 4.2ha site with long-term, mixed use master planning opportunities (STCA)
V: GPT Wholesale Shopping Centre Fund / P: Haben Property Fund and JY Group
Wollongong Central
$402 million
Colliers’ Lachlan MacGillivray
The hotel extends 17-levels and offers 437 suites. It is believed that the new owners will undertake a refurbishment and expansion
V: Frasers / P: Partnership between KKR, Futuro Capital and Marprop
CBRE’s Michael Simpson and Tom Gibson
Sofitel Sydney Wentworth
$315 million
Roselands Shopping Centre
50% interest from CIP Asset Management in Roselands Shopping Centre in Sydney’s south-west
P: JY Group
CBRE’s Simon Rooney
$167 million
11.13-hectare property is expected to be renamed and is comprised of circa 50,000sqm of GFA with access to near 2,400 car parks
V: Stockland P: Fawkner Property
Stockland Cairns
$146 million
CBRE’s Simon Rooney
Colliers’ Gavin Bishop, Sean Thomson and Fab Dalfonso Colliers’ Fab Dalfonso and Rino Gazerra
82-92 Rodeo Road.Gregory Hills
22,439sqm high-quality industrial / logistics facility
P: Centuria Industrial REIT
$70 million
P: JV between Dexus Industria REIT and parent company Dexus
12 Church Street, Moorebank
Development plans in place to build a multi-level storage facility across 15 to 20 units
$44 million
45-47 York Street, Sydney
Amalgamated Wireless Australasia (AWA) building
P: Avari Capital
$38.8 million
CBRE’s Harry George
Savills Australia’s Stuart Cox, Neil Cooke, Johnathon Broome, Andy Hu and Jordan Lee
The historic assets sit on 2,459sqm includes a collection of significant residential dwellings and a commercial Bed and Breakfast
P: NashCap and Assembly Funds Management
The Longs Lane Terraces, The Rocks
$36.25 million
New shopping centre at 5-9 Molloy Road, Bulli
V: Fabcot P: Pasquale Lucchitti
1.46 Ha property offers presents 3,956sqm of NLA with a 212 bay car park and residential development upside
JLL’s Nick Willis and Sam Hatcher
$36 million
Colliers’ Gus Moors, Karen Wales and Frank Oliveri HTL Property’s Andrew Jackson, Andrew Jolliffe and James Carrick brokered the deal off-market. Maneti Quinlan & Associates’ Leonard Bongiovanni and DJ May Real Estates’ Doug May.
The Rydges Bankstown at Bass Hill
The asset offers 120-rooms, a restaurant, bar, conference facility and 150-bay car park
$28 million
P: Laundy Hotels
V: James and Helga Collins P: Laundy Hotel Group
103 William Street, PORT MACQUARIE The Mercure Centro Hotel in Port Macquarie. 72-room 4.5-star hotel includes a restaurant and bar, licensed rooftop event space etc.
$25 million
$13.2 million
491 Keiwa Street, Albury
heritage listed New Albury Hotel, presents a five-storey building with a distinctive curved façade.
JLL’s Kate MacDonald and Greg Jeloudev sold the property.
$6 million
172 Sheridan Street, Gundagai
2,500sqm land area,
P: Lancer Group
Savills’ Jon Tyson and Michael Harcourt along with Cushman & Wakefield’s Geoff Sinclair and Michael Collins.
V: Savills’ Jon Tyson and Michael Harcourt along with Cushman & Wakefield’s Geoff Sinclair and Michael Collins.
$10.2 million
11-13 Coronation Street, Pottsville
Central Shopping Centre, the 1,962sqm site, presents an IGA supermarket, four specialty stores and 20 car parks.
$58.3 million
5 Yarrawa St, Prestons
A 15,066sqm industrial warehouse. Has been sold off market to Pittwater Industrial, setting a record low yield at 3.6%
P: Pittwater Industrial
JLL’s Roger Miller and Tony Iuliano.
A high profile Sydney Childcare centre on 1139sqm was sold with a low yield of 4.25%. The Merrylands Childcare centre is secured by a 10 year lease The site is over 200km from Sydney east of Crookwell and is ideally positioned for an annual average rainfall of 855 millimetres a year. It is divided into 11 titles and 16 established paddocks for weekly stock rotations.
V: Burgess Rawson’s Michael Vanstone and Michael Gilbert.
$2.5 million
Sydney Childcare centre, Merrylands
$2.5 million
SOUTHERN TABLELANDS
P: local farming family
Col Medway of LAWD.
The Sydney hotel icon operates with an expansive blend of food, beverage, accommodation and gaming revenues and occupies a powerful corner site in the fastest growing LGA in NSW
Andrew Jolliffe and Dan Dragicevich of HTTL Property
$160 million
The Cross roads Hotel, Casula
The modern pub, on 9000 square metres is opposite the Lake Macquarie Square shopping centre, was sold for the first time in more than two decades
P: Don Hodge Group, V: Paul Crosbie and Bob Warren.
$33 million
Newcastle
long time occupier Surf Dive n’Ski rents 85 per cent of the two storey, 558 sqm building, on a lease expiring in five years. Based on the asset’s annual net income ($614,537) the sale price reflects a sub 4.4pc yield. Sydney Developer and pub owner Ken McCourt has purchased the Imperial Hotel for $18.5million from brothers John and Joshua Murphy who paid only $3.3million for it less that 3 years ago.
$14 million
14 Jonson Street, Byron Bay
V: Timperley family
$18.5 million
P: Ken McCourt, V John and Joshua Murphy
Singleton
WA
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
The deal includes 1,608sqm buildings on 951sqm sites, with comparable WALEs in excess of six years, in Secret Harbour (WA) and Mildura (VIC)
V: Centuria Healthcare P: Real Asset Management
CBRE’s Sandro Peluso, Derek Barlow, Marcello Caspani-Muto and Jimmy Tat
Two premium healthcare investments
$16 million
V:A private investor P: A private investor
226 Oxford Street, Leederville
A single story, 485sqm retail shopping complex on a 936sqm site
Savills Australia’s Barney Dear
$6 million
31-33 Catalano Road, Canning Vale
8,002sqm site currently leased by a local business with a 10-year lease
P: A local investor
Ray White Commercial’s Josh Sumner
$5.5 million
Inner Perth office investment, recently refurbished three level building sits on a 1,695sqm site and was purchased two thirds vacant. Sold last week at a low yield of 4.04% and a secure 10 + 10 + 10 year lease. The freehold side of 8735 sqm is occupied by top tier tenants Coles Group and Australian Venue Co. services over 33,000 vehicles a day. Leased to high profile ASX listed tenant G8 Education, 8 Bikram Circuit was sold with a 30 year net lease to 2052, 2.5% annual increases at a yield of 4.76%. The property is newly constructed on 2466m2 and is located in WA’s 5th largest LGA
$13.1 million
10 Richardson Street, West Perth
P:Australian Development Capital
LJ Hooker Commercial’s Brian Neo
First Choice Liquor and Tavern on the Albany Highwa, Perth
$10.060 million
$6.56 million
8 Bikram Circuit, Souther River
P: G8 Education
The NLA is 3915sqm and consists of a range of retail, hospitality and office tenants across 2 floors.
$18.2 million
P: Developer Yolk Property group ,
CBRE’s Derek Barlow
South Terrace Piazza, Freemantle
TAS
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
Colliers’ Daniel Wolman and Leon Ma, with Knight Frank’s Richard Steedman and George Burbury
The three-level asset presents offices over ground floor retail and could see a higher-rise redevelopment, given its zoning and positioning near taller buildings
V: HEXA Group P: Melbourne investor
Hobart’s Murray House
$9.1 million
sold on 7,104sqm with a 4.86% yield in an already highly established retail destination. new lease is for 7 years with annual rent reviews and currently generates $514,552 pa until June 2022. It adjoins Bunnings, RSEA, JB Hi-Fi, Officeworks, Petstock, Fairbrother Constructions and McDonalds.
$11 million
Launceston
Burgess Rawson live portfolio auction.
6 –April / May 2022
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