MARKET MOVES
VIC
VENDOR/ PURCHASER AGENCY
DESCRIPTION
SALE $
Vicinity Centres offloaded a 50% stake in Roxburgh Village earlier this month to a Hong Kong-based investment firm, taking their assets under management to over $2 billion, with this sale reflecting a passing yield of 7.25%. An 18,224 sqm vacant aged care home was purchased by an international investor, who plans to refurbish and open the facility.
250 Somerton Road, Roxburgh Park
V: Vicinity Centres P: JY Group
CBRE's Simon Rooney and James Douglas
$123 million
296-303 Springvale Road, Donvale
V: Region Amber P: International Investor
CBRE's Marcello Caspani-Muti, Sandro Peluso and Jimmy Tat Cushman & Wakefield's Leon Ma, Oliver Hay, Daniel Wolman and Marcus Neill
$12 million
Circa $250 million
The mammoth 174.6-hectare Windermere housing estate has been offloaded by a Chinese developer. The estate is master planned for circa 4,700 dwellings.
V: Country Garden P: Frasers Property
Mambourin
V: Sydnicate managed by Northwest Healthcare Properties P: KM Property Funds (Managed by KordaMentha)
"The Epping Private Hospital and Medical Centre was offloaded by a syndicate managed by Northwest Healthcare Properties, representing the largest single healthcare real estate transaction over the past year to date.
Circa $80 million
Knight Frank's Sam Biggins and Trent Preece
230 Cooper Street, Epping
1360 & 1370 Mickleham Road, Craigieburn
A 8.09-hectare liquidated asset formerly owned by Porter Davis was sold by receivers and managers KPMG on behalf of the Commonwealth Bank.
V: Commonwealth Bank P: China-based Investor
CBRE's David Minty, Nathan Mufale and JJ Heng
$6 million
Colliers’ Ben Young and Chris Nanni in conjunction with Fitzroy’s Chris Kombi and Lewis Waddell
A vacant retail investment, primely located in the heart of Geelong’s CBD, just metres from Westfield Shopping sold under the hammer. The sale of a Bay Street retail property on a sharp 3.6% yield is the latest evidence of the emergence of the Brighton shopping strip as a popular location for investors in its own right.
P: Melbourne-based Investor
$2.525 million
79-81 Malop Street, Geelong
Fitzroys’ Mark Talbot and Tom Fisher
$1.085 million
336 Bay Street, Brighton
V: Private Vendor
A brand new state-of-the-art industrial facility in Epping that is found within Stage 2 of the Biodiversity Business Park was purchased by a Boston-based investment manager.
V: 99 Bikes Pty Ltd P: Cabot Properties
Knight Frank’s Scott Braithwaite and James Templeton
$37.69 million
18 Litoria Court, Epping
Stonebridge's Rorey James, Nic Hage and Kevin Tong, in conjunction with Wilson Property's Ben Wilson
The Dava Hotel, near Mount Martha in Victoria's Mornington Peninsula, set a new standard for pub investments by selling to a local buyer for $15.75 million with a 2.7% yield. The historic Greystones farm, which was built in 1840 and famously owned by Sir William Charles Angliss in the 1930s, has been purchased Chinese-backed Autumn Estate, making them the third owner in the property's 148-year history. The 12 Apostles Hot Springs and Resort development opportunity was sold to a Sydney- based multi-disciplinary Property company specialising in major residential development projects.
V: Chris & Peter Dash P: Local Buyer
$15.75 million
614 Esplanade, Mount Martha
Circa $80 million
V: Diana Gibson P: Autumn Estate
Colliers' James Beer and Thomas Quinn
565 Glenmore Road, Rowsley
Stonebridge Property Group's Julian White and Chao Zhang, in conjunction with HTL Property's Andrew Jolliffe and Andrew Jackson
V: Melbourne-based Property Consortium P: Sheargold
Undisclosed
Booringa Road, Princetown
SA
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
Knight Frank's Jack Dyson and Oliver Totani
A high-profile two-level corporate office building in Marleston formerly occupied by SA Lotteries sold.
188-192 Richmond Road, Marleston
Circa $5 million
P: Living Choice Australia
A 5,500 sqm former vehicle showroom was purchased by The City of Prospect, with plans to redevelop the site to support local amenities at Prospect Oval.
JLL's Ben Parkinson, Simon Hilmgard and Claudia Brace
$8.3 million
42-148 Main North Road, Prospect
P: The City of Prospect
ACT 8 Dickson Place, Dickson
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
P: Aware Super
CBRE's James Douglas, Nic Purdue, and Tristan Cotchett
Dickson Village sold in one of the years largest mixed-use deals. The top-tier mixed-use development reached completion in September 2023, featuring a retail centre anchored by Coles supermarket and 140 build-to-rent apartments, with the final sale price reflecting a circa 6% fully leased yield forecast.
$157.5 million
TAS
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
Coal River Valley
P: Eneavour Group
Langley & Co's Toby Langley
Hospitality and alcoholic drinks retailer, Endeavour Group, purchased a 57-hectare vineyard, Brownwood Valley, just north of Hobart in the Coal River Valley.
CIrca $6 million
14 – November / December 2023
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