MARKET MOVES
NSW 203 Northumberland Street, Liverpool
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
Sydney's Inner West Council has acquired an eight level Liverpool CBD office tower from Stirling Property Funds.
V: Stirling Property Funds P: Sydney's Inner West Council
Knight Frank's Wally Scales in conjunction with John McCann of Colliers Colliers' James Wilson and Ben Wilkinson HTL Property Group's Dan Dragicevich, Blake Edwards & Andrew Jolliffe
$54.5 million
6 Hawthorn St, Dubbo
V: The Stevens Group P: MPG Funds Management V: Marlow Hotel Group P: Local Investor Group V: Lendlease & Mitsubishi Estate Asia P: Tattarang
A 3,796 sqm retail complex in Dubbo has been sold by New South Wales-based developer, The Stevens Group. The Robin Hood Hotel in the regional NSW town of Orange has been sold by the Marlow Hotel Group. Australian mining billionaire Andrew 'Twiggy' Forrest and his wife Nicola have purchased Australia's first Waldorf Astoria Hotel site in Sydney's Circular Quay.
$13.3 million
30 Burrendong Way, Orange
$51 million
1 Alfred St, Sydney
Speculated $520 million
Direct
118 Military Rd, Neutral Bay
After a seven-month sales campaign with an asking price of $175 million, the Oaks Hotel has sold to a private local buyer.
V: Andrew Thomas P: Local Buyer
JLL' John Musca and Ben McDonald
circa $175 million
2 Sentry Dr, Stanhope Gardens
V: Mirvac P: Revelop
JLL's Nick Willis and Sam Hatcher
$158 million
Mirvac has sold its Stanhope Village development for $171 million in an off-market deal.
2-6 Bathurst Rd, Orange
Burgess Rawson's Yosh Mendis
$6.3 million
A Guzman Y Gomez in Orange has been offloaded by retail and hospitality property developer, Spectrum Retail Group.
V: Spectrum Retail Group P: Private Investor V: Family-owned Investment Office P: Centuria
Speculated $157 million
Guyra
Centuria has acquired a 20-Ha glasshouse in northern New South Wales.
Direct
$95 million
14 Campbell St & 2-8 Lanceley Place, Artarmon
The ABC has offloaded one of its former television studios in Artarmon.
V: ABC P: Goodman Group V: Private Seller P: Adam Draberek
Knight Frank's Angus Klem and Scott Timbrell HTL Property's Blake Edwards and Xavier Plunkett
Speculated $8.5 million
75 Cessnock Rd, Weston
Known publican Adam Draberek has purchased the Criterion Hotel in rural NSW.
VIC
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
$2.585 million
12/1 Hunt Way, Pakenham
A private investor has acquired a brand new Snap Fitness 24-hour gym in Pakenham.
P: Private Investor
Burgess Rawson's Shaun Venables, Zomart He, Justin Kramrsh & Romandor Falconer CVA's Craig Mckellar & Luca Angelico CBRE's Joe Brzezek and Daniel Eramo
$1.275 million $8.94 million
21 Stanley Drive, Somerton
A standalone industrial warehouse in Somerton has been sold at a public auction to a local owner-occupier. A private investor has purchased an Epping industrial warehouse for $8.94 million, reflecting a record yield of 4.25%.
P: Local owner-occupier
67 Gateway Boulevard, Epping
V: Local Vendor P: Private Investor
Circa $100 million
Camden St &, Alfred St, Balaclava Coles purchased a prime suburban supermarket site, where they previously held tenancy.
V: Herzberg & Langer Families P: Coles Group V: Deceased Estate P: Local Investor
Direct
$2.225 million $5.145 million
212 Swan Street, Richmond
A strip retail store in Richmond has sold for $2.225 million at a private auction.
Gross Waddell ICR's Andrew Greenway
181 Oherns Read, Epping
A local developer has pounced on a 4,926 sqm land parcel 181 Oherns Road, Epping.
P: Northgate Developments Colliers' agents Corey Vraca and Mitch Purcell in conjunction with Jones Real Estate's Paul Jones and Tim Spargo
SA
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
Mulitple Locations, Adelaide
V: Blue Sky, Fortitude Investment Partners P: Multiple investors: ALH, Harvest Hotels & RD Jones Group
JLL's Hotels & Hospitality's John Musca. $160 million
A portfolio of 11 pubs in Adelaide has sold to multiple investors. 10 of the 11 pubs were previously owned by controversial ASX-listed fund management firm, Blue Sky, who purchased the assets seven years ago.
16 –March / April 2023
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