Issue 73 I The Property Development Review

MARKET MOVES VIC DESCRIPTION

VENDOR/ PURCHASER AGENCY

SALE $

Sam Hibbins, Luke Lowden, Daniel Telling and Billy Kanakis of Colliers

81 Atlantic Drive, Keysborough

A trophy industrial facility at 81 Atlantic Drive, Keysborough has sold for $11 million, reflecting continued investor demand for premium south-east industrial assets.

$11 million

Undisclosed

57 Puckle Street, Moonee Ponds

A Vodafone-leased freehold at 57 Puckle Street, Moonee Ponds has sold under the hammer for $1.91 million, reflecting a sharp 3.77% yield.

Ervin Niyaz and Travis Keenan of Colliers

$1.91 million

P: Local investor

2B Williamson Road, Maribyrnong

A mixed-use freehold at 2B Williamson Road, Maribyrnong, home to Ultratune, has sold on a sharp 4% yield.

Colliers

Undisclosed

Undisclosed

35–39 Royal Parade, Parkville

A permit-approved development site at 35–39 Royal Parade, Parkville has sold following a highly competitive campaign driven by interstate buyer demand.

Jozef Dickinson, Philip Heberling and Ryan Milivojac of Colliers

Undisclosed

Undisclosed

258 Scoresby Road, Boronia

A major infill development site at 258 Scoresby Road, Boronia has sold for circa $15 million following a highly competitive campaign.

Jozef Dickinson, Philip Heberling and Mark Burgio of Colliers

$15 million

Undisclosed

515 Highett Road, Highett

A bayside hospitality asset at 515 Highett Road, Highett has sold prior to auction for $1.8 million, reflecting a sharp 4.67% yield.

$1.8 million

P: Private Investor

David Napoleone of CBRE

259–261 Colchester Road, Kilsyth South

A major industrial landholding at 259–261 Colchester Road, Kilsyth South has sold for $13.5 million to an expanding owner-occupier.

Richard Wilkinson and Jonathan Mercuri of Colliers

$13.5 million

P: Owner-Occupier

22 Pier Road, Grantville

Frenchview Lifestyle Village in Grantville has sold off-market for $7.5 million to ASX-listed Eureka Group Holdings, reflecting an initial yield of 7.9%.

Andrew Jackson and Scott Callow of HTL Property

$7.5 million

P: Eureka Group Holdings

A landmark industrial transaction at 9 Colemans Road, Dandenong South has been completed, with a confidential local concrete sector group acquiring both the property and operating business of Frankston Concrete Products.

James Stott and Gordon Code of Colliers, together with David Johnson of Cameron

9 Colemans Road, Dandenong South

Undisclosed

P: Local Owner-Occupier

The Early Foundation Childcare Centre at 9–11 Hanson Road, Craigieburn has sold within four weeks of launch, highlighting continued demand for quality childcare investments despite challenging market conditions across Victoria.

9–11 Hanson Road, Craigieburn

Vincent Lam, Paul Jones and Luke Peric of Jones Real Estate

Undisclosed

Undisclosed

WA

VENDOR/ PURCHASER AGENCY

DESCRIPTION

SALE $

Jonathan Wong and Zach Schreier of Knight Frank, in conjunction with Benson Young of Hartanto Properties

1 Santorini Promenade, Alkimos

The fully leased Agora on Santorini retail village at 1 Santorini Promenade, Alkimos has sold for $7 million.

$7 million

Undisclosed

An inner-city office asset at 149 Wellington Street, East Perth has sold for $10 million, reflecting a 9.25% passing yield.

Tony Delich and Zach Schreier of Knight Frank

149 Wellington Street, East Perth

$10 million

Undisclosed

NT Flinders Street, Jabiru

VENDOR/ PURCHASER AGENCY

DESCRIPTION

SALE $

The iconic Mercure Kakadu Crocodile Hotel in Jabiru is set to be acquired by Journey Beyond, following a competitive national and international campaign.

Sam Abel and Karen Wales of Colliers

Undisclosed

Undisclosed

ACT

VENDOR/ PURCHASER AGENCY

DESCRIPTION

SALE $

JLL's Mitch Frail and Tim Mutton in conjunction with Collier's Matthew Meynell and Matthew Winter

42 Macquarie Street, Barton

The office asset at 42 Macquarie Street, Barton has sold for $25.125 million, reinforcing investor demand for high-quality office investments within Canberra’s tightly held Parliamentary precinct.

$25.125 million

Undisclosed

8 – June / July 2026

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