Issue 40 | The Property Development Review

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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