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News
Corval shifts Adelaide capital into industrial – realestatesource
1+ day, 14+ hour ago (287+ words) Commercial and residential property news Two weeks after selling an Adelaide CBD office, Corval has put $14.15 million into an industrial investment with a short leaseback in the city’s north. The fund manager bought the Gepps Cross asset, 17 White Road, also…...
Billboard landmark with redevelopment permit up for grabs
2+ day, 2+ hour ago (378+ words) Commercial and residential property news One of Melbourne’s highest-profile properties – and unusual investments – has been listed for sale by the family of late VFL star Albert Mantello. The Cremorne car park with two digital billboards – one beside the Nylex clock…...
Australia Post sells $70m distribution centre with a leaseback – realestatesource
4+ day, 18+ hour ago (233+ words) Commercial and residential property news Australia Post has sold a major distribution centre, offered in March as part of a $400 million-plus portfolio with a leaseback. The 7.27 hectare Darra asset, 11 Clinker Street, marketed as 39 Gravel Pitt Road, is speculated to have…...
CPG, CVS sell Ipswich shopping centre
5+ day, 50+ min ago (371+ words) Commercial and residential property news Don O’Rorke’s Consolidated Properties Group and the Liberman-family backed CVS Lane Capital Partners have sold another south-east Queensland shopping centre. Karalee Shopping Village at Chuwar, 6.5 kilometres north-west of Ipswich, collected $76 million, from an Australian-based Taiwanese…...
University buys another building from landlord
5+ day, 5+ hour ago (452+ words) Commercial and residential property news The University of Melbourne has used the commercial real estate downturn to buy another inner-city building from a landlord. The college will save annual rent – currently $913,966 gross ex-GST – when it settles on 550 Swanston Street, Carlton....
Melbourne agent-turned-investor sells maiden Brisbane asset
1+ week, 5+ day ago (377+ words) Commercial and residential property news Melbourne-based Unified Property Group, led by ex-CBRE director Justin Clarkson, has sold its maiden Brisbane investment. The large format retail complex with six tenancies and 34 car parks at 3 Montpelier Road, on the Newstead-Bowen Hills-Fortitude Valley…...
DHL leases bulk of ex-Myer distribution centre
1+ week, 5+ day ago (414+ words) Commercial and residential property news Lendlease has secured logistics giant DHL to the bulk of the former Myer distribution centre, in Melbourne. The asset manager’s Australian Prime Property Fund Industrial will revamp an improvement at 121-139 Dohertys Road, Altona North, for…...
QLS expands in south east Melbourne
2+ week, 3+ hour ago (292+ words) Commercial and residential property news QLS Logistics has expanded its operation in Melbourne’s south east as part of a lease renewal. The logistics giant has re-committed to Warehouse A at 170-172 Atlantic Drive, Keysborough, a 17,878 square metre office/warehouse with 53 car…...
Cbus spends $1.3b for two shopping centre stakes
2+ week, 1+ day ago (374+ words) Commercial and residential property news Cbus Property has bought half-stakes in two major shopping centres, in Brisbane and Perth. This investment manager is paying $1.3 billion for Australian Prime Property Fund Retail’s interests in Lakeside Joondalup and Westfield Carindale. Lendlease was…...
Lindsay Fox, Max Beck kick off another commercial project
2+ week, 1+ day ago (298+ words) Commercial and residential property news Lindsay Fox and Max Beck have kicked off construction of another Melbourne office after scoring two pre-commitments – one from a business upsizing from next door. The four level complex at 74-76 Hargrave Avenue, at the south-east…...