Buying & Selling Commercial Property Guides

A coterie of cashed-up Sydney property investors including Phil Wolanski and David Baffsky are cashing in on the looming start of the travel upsurge, listing The Rydges Sydney Airport Hotel for sale in what could shape as the year’s single biggest transaction. About $270m is expected for the 318-room hotel, which is being sold as a vacant possession by CBRE Hotels’ Wayne Bunz and JLL’s Mark Durran.

Property funds group Charter Hall has snapped up the home of the Four’N Twenty meat pie from Patties Foods, in a $141m deal that will see the pie maker pour capital back into its factories. Charter Hall’s unlisted industrial fund has bought two food manufacturing facilities in Victoria from Patties in a 30-year sale and leaseback deal, with the purchase also covering the site where its meals range is produced.

The sale of a leading horticultural business is offering buyers a chance to break into the lucrative Manuka honey industry. ERA Nurseries specialises in a range of Australia native plants, but it is their position as the nation’s leading producer of bio-active Leptospermum seedlings that has potential buyers buzzing.

One of Fremantle’s most iconic buildings, Metropolis Fremantle, has been listed for sale for the first time in 75 years. Formerly known as the King’s Theatre, the South Terrace property opened as a stage venue in 1904 before it was purchased in 1945 by businessman Victor Gubgub, who used the building as a Ford motor vehicle display centre.

Singaporean tycoon CK Ow is bringing his portfolio of Stamford hotels around Australia to market with hopes of reaping about $1bn, in the largest portfolio to hit the block in more than a decade. The legendary investor, who owns and runs the hotels through the Singapore-listed Stamford Land Corporation, is hoping to find a buyer willing to keep his famed brand on the hotels.

After broadcasting its flagship programs from Sydney’s Martin Place for almost two decades, the Seven Network has revealed it will close it’s CBD operations at the end of next year. The company would be moving its news and current affairs divisions 5km south of the city to Eveleigh.

Development giant Lendlease is stepping up its balance sheet clean-up, selling a 25% interest in its $1.8bn retirement living business to superannuation fund Aware Super. While the terms were not disclosed, the disposal amounts to …

One of the Blue Mountains’ most spectacular estates set on a 20ha holding has hit the market with a price tag of about $2.5m.

Heritage-listed and older-style properties across the country took out four of the top 10 spots on realcommercial.com.au’s most-viewed listings this week, proving the past is still a powerful drawcard.