Issue 25 | The Property Development Review

Market Moves: Around the Country

NATIONAL

DESCRIPTION

VENDOR / PURCHASER AGENCY

SALE PRICE

V: Mirvac and NRMA / P: Joint venture involving Salter Brothers, Singaporean sovereign wealth fund GIC, and leading private markets investment firmPartners Group

Across Sydney, Melbourne, Brisbane, Perth and Newcastle

Portfolio of 11 Travelodge hotels

SamMcVay McVay Real Estate

$620 million

21 of the asset are located in regional locations, with the stations spread across all mainland states

V: Waypoint REIT (WPR) P: Fawkner Property Trusts

Portfolio of 31 service stations

In-house

$113.9 million

NSW

DESCRIPTION

VENDOR / PURCHASER AGENCY

SALE PRICE

V: AMP P: Mirvac and M&G Real Estate

Deal for 50%. 33-storey building with 38,650sqm of NLA 12.4-hectare parcel to bedeveloped into 300MW capacity data centre 46,800sqm infill industrial investment leased to five different tenants. 13-storey B-grade office building 3-storey, vacant commercial building

Cushman & Wakefield and Savills

Sydney’s EY Centre

$575 million

V: CSR P: NextDC

CBRE’s Cameron Grier and Jason Edge Colliers’s Gavin Bishop, Sean Thomson, Paul McGlynn, and Matthew Flynn

Horsley Park

$124 million

V: Private Investor P: Leda Holdings

North Rocks

$57 million

V: Linfield Developments P: Local investor

815 Pacific Highway, Chatswood

Colliers

$56 million

PropertyFox’s Tom Ovenden and Tim Fox Savills Australia’s Steven Lerche and Andrew Palmer CBRE’s Janet Joljian and Elijah Shakir

Between $11 and $12 million

111 Parramatta Road, Concord

PropertyFox

1,282sqm building on 3,952sqm landholding

Bathurst Dan Murphy's

Private

$11.187 million

34-38 Lisbon Street, Fairfield East

7,147sqm site featuring two buildings totalling 6,359sqm

V: Good Kitchen & Bathroom P: Private investor

$9.625 million

259/261-263 Parramatta Road, Parramatta Part of the Lakeside Plaza Shopping Centre complex, Byford

2,655sqm freestanding warehouse and office building Multi-tenanted investment anchored by 10-year leases to IGA Supermarket and Bottle-O Liquor Store One line sale of four strata titled units; tenanted with flexible terms 461.4sqm vacant parcel of land 17 recently renovated and ensuited accommodation rooms, 6 GMEs Main Bar, 21 Poker Machines, Café, Beer Garden, 16 Hotel Rooms and a Managers Residence

P: Local furniture company CBRE’s Robert Dowdy

$8.5 million

V: Private local developer P: Private Sydney investor

Ray White Commercial’s Michael Milne

$5.1 million

CBRE’s Brendan Wein, Matthew Alessi and John Micallef Savills Australia’s Sam Wallace. JLL’s Ben McDonald and Kate MacDonald with Moore & Moore’s Deane Moore Savills Australia’s Nick Lower, Selin Ince and Leon Alaban

72 Kurrajong Avenue, Mt Druitt

P: Private purchaser

$3.2 million

V: Fametell Pty Ltd P: K and T Properties Pty Ltd

2 Erith Street, Botany

$1.35 million

V: Mike Angus P: Local investor

The Grand Hotel, Newcastle

Undisclosed

The Courthouse Hotel, Murwillumbah

A confidential and selective off-market sales process

$6 million

QLD

DESCRIPTION

VENDOR/PURCHASER AGENCY

SALE PRICE

V: Evans Long P: Home Consortium (HomeCo)

CBRE’s Michael Hedger, Joe Tynan, Mark Witheriff and Peter Chapple

Unbuilt eight-level Proxima building

16 Nexus Way, Southport

$80 million

Woolworths anchored centre was built in 2014 by the local Hughes family. 1,500sqm site set for luxury high rise residential development Enclosed mall featuring Woolworths supermarket, discount variety mini-major and 10 specialties

Drayton Central Shopping Centre, Toowoomba

Savills Australia’s Peter Tyson and Jon Tyson

P: SCA Property Group

$34.34 million

Cnr of Garfield Terrace and Enderley Avenue, Surfers Paradise

CBRE’s Mark Witheriff and Rem Rafter

P: Sydney based developer

$30 million

V: An offshore investor P: Ganellen Asset Management

Savills Australia’s Peter Tyson and Jon Tyson

Kallangur Fair Shopping Centre

$22.45 million

Woolworths Supermarket, Mount Isa

4,441sqm standalone supermarket

Savills Australia’s Peter Tyson and Jon Tyson

Private

$16.91 million

Development approved, childcare centre site

P: Private boutique childcare operator

Ray White Commercial’s Jose Rojas

11-15 Querrin Street, Yeronga

$3 million

47.7 Ha site set to become the newest lifestyle epicentre of the northern Gold Coast

V: Queensland Investment Corporation (QIC) / P: JV; Keylin and Kinstone Group

$30 million plus

Coomera Town Centre South

CBRE and Colliers

04

Powered by