ADELAIDE APARTMENT BREAKS OFF-THE-PLAN RECORD WITH $3M SALE

ADELAIDE APARTMENT BREAKS OFF-THE-PLAN RECORD WITH $3M SALE

AN apartment in 'The Adelaidean' residential development in Adelaide has sold for more than $3 million, which is a record off-the-plan purchase in the South Australian capital.

The apartment, designed by Brown Falconer, is the amalgamation of two apartments on sub-penthouse level 34 in 'The Adelaidean' building on Frome Street...

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CHINESE INVESTORS SNAP UP BRIGHTON HOTEL FOR $15.8 MILLION

CHINESE INVESTORS SNAP UP BRIGHTON HOTEL FOR $15.8 MILLION

BRIGHTON'S Marine Hotel has sold for $15.8 million, following a heated sales campaign proving that Chinese appetite within Melbourne's real estate hotspots is still strong.

The Marine Hotel, located in the bayside suburb of Brighton, sold to a mainland Chinese investor and boasts 20 years of additional options remaining on the current...

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VILLA WORLD'S VICTORIAN EXPANSION CONTINUES WITH $44 MILLION MELBOURNE LAND ACQUISITIONS

VILLA WORLD'S VICTORIAN EXPANSION CONTINUES WITH $44 MILLION MELBOURNE LAND ACQUISITIONS

PROPERTY developers Villa World (ASX: VLW) has expanded its footprint in Victoria with $44 million in land acquisitions in Melbourne's north-west growth corridor.

The acquisitions are part of Villa World's "Precinct Structure Plans" for the Plumpton region which will create more than 500 lots targeted at first home buyers an...

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CHINESE DEVELOPER SCORES EXPANSIVE MELBOURNE LANDHOLDING FOR $36 MILLION

CHINESE DEVELOPER SCORES EXPANSIVE MELBOURNE LANDHOLDING FOR $36 MILLION

ONE of Mornington Peninsula's largest individual landholdings has been acquired by a Chinese developer for $36.2 million.

The Morning Star Estate in Victoria is an expansive 63-hectare holding which includes accommodation, a cellar door and a restaurant, and it has uninterrupted views from the Bellarine Peninsula to Melbourne.

The esta...

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CASA BRISBANE AIRPORT HEADQUARTERS SOLD FOR $23 MILLION

CASA BRISBANE AIRPORT HEADQUARTERS SOLD FOR $23 MILLION

The Civil Aviation Safety Authority (CASA) national headquarters at the Brisbane Airport has been bought by The Patella Group for $23 million, following a hotly contested sales campaign.

Located in the Skygate precinct and surrounded by retail and food options including DFO, Dan Murphy's and Woolworths, the building is still fully leased ...

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VILLA WORLD SNAPS UP GOLD COAST LAND FOR $300M RESIDENTIAL DEVELOPMENT

VILLA WORLD SNAPS UP GOLD COAST LAND FOR $300M RESIDENTIAL DEVELOPMENT

RESIDENTIAL developer Villa World (ASX: VLW) has secured one of the last remaining parcels of Central Gold Coast land for $300 million with plans to build a 400-house development.

The Arundel Springs community is the largest residential development the group has undertaken on the Gold Coast and taps into a growing demand for more homes in the...

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CHARTER HALL SNAPS UP SALAMANDER BAY CENTRE FOR $174M

CHARTER HALL SNAPS UP SALAMANDER BAY CENTRE FOR $174M

RETAIL investment trust Charter Hall (ASX: CQR) has purchased the regional Salamander Bay Centre in New South Wales for $174.5 million.

Salamander Bay Centre is based in Port Stephens, north of Newcastle, and comprises a single level shopping centre with a total GLA of 24,000sqm.

The centre benefits from low levels of direct competition wi...

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$12 MILLION OFFICE SALE UNDERPINS MILTON REVIVAL

$12 MILLION OFFICE SALE UNDERPINS MILTON REVIVAL

ONE of Milton's well known office buildings has sold for $12.88 million, supporting the resurgence of the popular Brisbane commercial precinct.

The five-level riverside building located at 12 Cribb Street was bought by a private investor at an initial yield of 6.78 per cent, reflecting a rental rate of approximately $3,900/sqm.

JLL'...

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MAKE WAY FOR THE 'PANTSCRAPER', A TWIN TOWER SET TO CHANGE MELBOURNE'S CITYSCAPE

MAKE WAY FOR THE 'PANTSCRAPER', A TWIN TOWER SET TO CHANGE MELBOURNE'S CITYSCAPE

MELBOURNE'S skyline is about to transform following the construction of a $1 billion luxury high-rise in the city centre.

Called the "Pantscraper", named after its twin towers joined by a sky bridge, Cbus Property's 42-storey mixed-use development comprises 49,000 square metres of premium-grade office space, a five-star W Ho...

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$71 MILLION SALE OF 'SYDNEY SIX' GIVES RISE TO WESTERN SYDNEY INVESTMENT HOTSPOT

$71 MILLION SALE OF 'SYDNEY SIX' GIVES RISE TO WESTERN SYDNEY INVESTMENT HOTSPOT

SIX INDUSTRIAL assets in Sydney's West, dubbed the 'Sydney Six', have sold for a collective $71 million, confirming the high demand for investment stock in the city's tightly held industrial market.

The Sydney Six consists of four assets in Wetherill Park, one in Smithfield and another in Eastern Creek, boasting a combined net...

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MELBOURNE'S $200M RIALTO PROJECT NEARS COMPLETION AFTER 10 YEARS OF PLANNNG

MELBOURNE'S $200M RIALTO PROJECT NEARS COMPLETION AFTER 10 YEARS OF PLANNNG

IT'S BEEN 10 years in the planning and had at least 10 different architects and has involved the acquisition of multiple properties, and now the redevelopment of Melbourne's iconic Rialto tower precinct is almost complete.

The $200 million redevelopment has breathed new life into the CBD and the Rialto precinct covers more than 8...

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CQU SETTLES ON SIGNIFICANT BRISBANE CAMPUS UPGRADE

CQU SETTLES ON SIGNIFICANT BRISBANE CAMPUS UPGRADE

CENTRAL Queensland University (CQU) has called 160 Ann Street home for the past six years, and off the back of its latest lease agreement it will continue to do so for the next 15. The deal to expand CQU's lease was negotiated by JLL manager of property and asset management Wayne Barnes, which included additional floors amounting to a...

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PEREGRINE CORP'S ADELAIDE DEVELOPMENT GIVEN THE GREEN LIGHT

PEREGRINE CORP'S ADELAIDE DEVELOPMENT GIVEN THE GREEN LIGHT

PEREGRINE Corporation's $50 million proposal to redevelop its Norwood Parade headquarters in Adelaide has received development approval with work to begin almost immediately.

Approval for the seven-level development on the corner of Portrush Road and Norwood Parade was granted by South Australia Trade Minister Martin Hamilton-Smith.

Pl...

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NEW MAJOR PRE-LEASE BOLSTERS EMERGING MELBOURNE INDUSTRIAL PRECINCT

NEW MAJOR PRE-LEASE BOLSTERS EMERGING MELBOURNE INDUSTRIAL PRECINCT

TRANSPORTATION equipment group CIMC Vehicle Australia and road tanker manufacturer Marshall Lethlean are set to take up tenancy in the emerging Cranbourne West industrial precinct, after finalising one of the area's first major pre-lease agreements. The two companies, which are both subsidiaries of the global CIMIC Group, will combine...

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ICONIC GOLD COAST NEIGHBOURHOOD SHOPPING CENTRE CHANGES HANDS

ICONIC GOLD COAST NEIGHBOURHOOD SHOPPING CENTRE CHANGES HANDS

MUDGEERABA Market, one of the Gold Coast's favourite suburban shopping centres, has changed hands for $35.8 million following a heated sales campaign which attracted attention from offshore buyers.

Although contested by numerous private investors from Asia, Sydney-based SCA Property Group ended up winning the sale at an estimated ble...

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AGENTS REPORTING STRONG DEMAND FOR MELBOURNE CBD OFFICE SPACE PURCHASES

AGENTS REPORTING STRONG DEMAND FOR MELBOURNE CBD OFFICE SPACE PURCHASES

SEVEN Melbourne CBD offices have recently sold for more than $11 million in total, demonstrating huge demand for central office space in the city.

Colliers International brokered deals for record sums on office spaces in the centre of Melbourne as demand for space increases.

Just last week, office spaces on Lonsdale Street and Colli...

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MELBOURNE SHOPPING CENTRE SELLS FOR $48m AS CHINESE DEMAND RAMPS UP

MELBOURNE SHOPPING CENTRE SELLS FOR $48m AS CHINESE DEMAND RAMPS UP

A MELBOURNE shopping centre has been sold for $48 million, bringing the total spent by Chinese investors on Victorian retail to $380 million over the past 15 months.

The Arena Shopping Centre, in the south-east suburb of Officer, is positioned on a 2.97 hectare site and features 25 speciality retailers, including McDonald's and Woolw...

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CITY DWELLERS SETTING EYES ON REDCLIFFE AS PROPERTY SEACHANGE BECKONS

CITY DWELLERS SETTING EYES ON REDCLIFFE AS PROPERTY SEACHANGE BECKONS

IT MAY be cool by the sea at Redcliffe, however strong sales at Kyko Group's Mon Komo development prove that the area has also become a residential hotspot. Within only two months of announcing its campaign, Mon Komo, situated on Redcliffe's Marine Parade, has made $7.9 million in sales and only a handful of its apartments remain ...

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ACQUISITIONS CONTINUE TO DRIVE THE EXPANSION OF BRISBANE-BASED NATIONAL STORAGE

ACQUISITIONS CONTINUE TO DRIVE THE EXPANSION OF BRISBANE-BASED NATIONAL STORAGE

NATIONAL STORAGE (ASX: NSR) has expanded its Perth Development Portfolio with acquisitions totalling $18.6 million across three properties and plans for a further two sites in and around the city.

The Brisbane-based company, which is one of the largest self-storage providers in Australia and New Zealand, will take ownership of a property at t...

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CARPARK IN BOOMING WEST MELBOURNE SOLD FOR $25M

CARPARK IN BOOMING WEST MELBOURNE SOLD FOR $25M

A CHINESE developer has purchased a prominent West Melbourne carpark for $25million with plans to redevelop it into residential or commercial office space.

Chinese developer Holder East secured the 1,877sqm corner site on La Trobe Street which has been owned by an Indonesian syndicate for the past 15 years.

The property was the first carpa...

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