The Property Development Review SALE P ICE
DESCRIPTION
VENDOR / PURCHASER AGENCY
VIC
V: M&G Investments P: JV of Haben Property Fund & The JY Group
Casey Central town centre, Narre Warren South
Triple supermarket and discount department store town centre
Colliers’ Lachlan MacGillivray
$225 million
$150 million (ranging from $5 - $60 milllion)
Core Projects' Kane Malcomson, Chris Jabs, and Trent Malcomson
Seven greenfield development sites
Rockbank, Beveridge, Melton, Epping, Wollert…
P: Differing development groups
266 hectare parcel; 1/3 will allow for 700 dwellings, 2/3 utilised for rural conservation Berwick, Reservoir, Boronia and Ballarat 12.28 Ha vacant site allows for 15 dwellings per net developable hectare Multi-store convenience complex; Shell Service Station, Coles Express, Hungry Jacks and Red Rooster 4.7 hectare development site; set for 80 villa units, 110 apartments and 60-bed aged care complex 8 floors, strata titled, with Japanese restaurant Kisumé taking up the lower 3 levels 1980s Melbourne headquarters of Atari Mixed-use zoning allowing for multi-level residential / commercial development
Biggin & Scott Land’s Frank Nagle, Andrew Egan and Callum Williamson
189 Ross Watt Road, Gisborne
P: ID Land
$100 million
Four Victorian hotel leaseholds
V: Zagame Group P: IPR Hotels P: Local residential developer
In-house
$99 million
CBRE’s David Minty, Nathan Mufale and JJ Heng
Lot 1, Rix Road, Officer
$43 million
62 Cook Street, Port Melbourne
Dawkins Occhiuto’s Chris Jones
Private
$32.12 million
Colliers’ Shalain Singh, Hamish Burgess, Joe Kairouz and Chris O’Driscoll Colliers’ Daniel Wolman, Oliver Hay and Leon Ma with Killen Thomas’ John Camilleri
62-94 Jacksons Road, Mulgrave
P: Ryman Healthcare
$30.08 million
V: Helen Sykes P: Local private investor group
175 Flinders Lane, Melbourne
$25 million
1076 Centre Road, Oakleigh South
V: Glasskote P: Sector Property Group
CBRE’s Bryce Pane and Lachlan Ferguson
$24.25 million
390 Burwood Highway, Wantirna South
CVA’s Daniel Philip and Ian Angelico
P: Interstate purchaser
$13.3 million
50-52 McCrae Street, Dandenong
V: Phileo Australia P: Pelligra Group
Former Ramada Encore Hotel
CBRE’s Scott Callow
$10.5 million
992sqm land parcel with 17.5m frontage to the Ocean Beach Road retail strip 6,774sqm landholding, underpinned by 10-year lease to Spotlight and 3 boutique shops
141-147 Ocean Beach Road, Sorrento
Savills Australia’s Benson Zhou and Julian Heatherich $4.85 million
P: A local investor
V: Castlerock P: First time Chinese investor
Stonebridge’s Rorey James, Justin Dowers, Kevin Tong and Nic Hage Savills Australia’s Julian Heatherich and Benson Zhou
$4.55 million
Spotlight Plaza, Sale
20 Lower Heidelberg Road, Ivanhoe
Corner land parcel of 1,350sqm; set for luxury boutique residential project
V: Local resident P: Local developer
$3.557 million
Unit 1, 48 National Drive, Truganina
V: Local developer P: Local investor
An off the plan land site
CVA’s Leo Mancino
$2.9 million
13-15 Mahon Street, Beaconsfield
Savills Australia’s Benson Zhou and Julian Heatherich Undisclosed
6,849sqm townhouse site
P: A local builder
Core Projects’ Kane Malcomson, Chris Jabs, and Trent Malcomson
305 Harvest Home Road, Epping
2.245 Ha permit approved townhouse development site
P: Australian based private developer
Undisclosed
WA
DESCRIPTION
VENDOR / PURCHASER AGENCY
SALE PRICE
49% of Woodside Energy’s Perth headquarters
V: Malaysia’s AAIG P: Dexus
98 Mounts Bay Road, Perth
Off-market
$339 million
Savills Australia’s Matthew Hopkins, Michael Wall and Michael Fenton Ray White Commercial’s Brett Wilkins, Stephen Harrison and Josh Sumner Ray White Commercial’s Brett Wilkins, Stephen Harrison and Josh Sumner Ray White Commercial’s Martin Vogt and Lachlan Burrows
59-87 Pilbara Street, Welshpool
Multi tenanted industrial estate in the heart of the Welshpool industrial area
V: APIL Group P: Arrow Capital Partners
$23.3 million
4,289sqm medical centre comprising of seven medical and health practices
P: Real Asset Management Group
210 Wanneroo Road, Madeley
$9.7 million
278-280 Great Eastern Highway, Midland
Medical centre with 10-year lease to Swan Medical Group
P: Real Asset Management Group
$7.78 million
Industrial property tenanted by pest- control company Rentokil
4 Aitken Way, Kewdale
Private
$3.05 million
DESCRIPTION
VENDOR / PURCHASER AGENCY
SALE PRICE
SA
Part of a three-centre Makris Group portfolio sale program
V: Makris Group P: Antunes Group
Hallett Cove Shopping Centre
CBRE’s Simon Rooney
$71 million
City Cross Shopping Centre in Rundle Mall North Adelaide Village and an adjoining site at 85-87 O’Connell Street
Part of a three-centre Makris Group portfolio sale program
V: Makris Group P: Revelop
CBRE’s Simon Rooney
$60 million
V: Makris Group P: Greenpool Capital, with backing from Qualitas
Part of a three-centre Makris Group portfolio sale program
CBRE’s Simon Rooney
$50 million
ACT
DESCRIPTION
VENDOR / PURCHASER AGENCY
SALE PRICE
Colliers’ Paul Powderly and MatthewWinter in conjunction with JLL’s Tim Mutton and Luke Billiau
Scarborough House; 14-level A-grade office offers 16,755sqm of NLA
V: Centuria P: Sentinel
8 Atlantic Street, Phillip
$83 million
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