Issue 25 | The Property Development Review

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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