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Thornbury cafe sale continues boom for High St strip
A Thornbury cafe has proved as popular on the commercial property market as it is for weekend pastries, selling on a sharp yield to a local investor. The inner city Melbourne property at 709 High …
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Harvey Norman distribution centre up for sale
A Harvey Norman distribution centre that services most of Northern Tasmania will be auctioned next week, and agents say it’s got a major advantage over almost any other retail warehouse in Australia. The industrial building …
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Singleton pub selldown almost complete
The $300 million-plus pub fund operated by leading business figures Geoff Dixon, John Singleton and Mark Carnegie has been all but sold down with just three city and suburban hotels in Brisbane and Sydney plus an interest in a fourth pub remaining.
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Commercial auctions defy residential slump
Auctions of commercial property have been spared the gloom that has descended on the residential market with the latest CBRE portfolio reaping an 86% clearance rate as almost $48 million worth of property was sold.
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Sydney’s luxury Bvlgari store sold to German group
German funds manager Deka Immobilien has swooped on the Bvlgari store in the heart of Sydney, picking up the bulk of the building that houses the luxury retailer in a deal worth about €36 million ($56 million) as the very top end of the market defies gloomy retail conditions.
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What’s your golf club’s land worth?
Will we see more golf courses begin to cash in their fairways, as the value of the land under some of Australia’s most renowned layouts soars into the hundreds of millions of dollars? That’s the …
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MMA and sushi maker on menu in six-pack of Burleigh Heads tenancies
A entire Burleigh Heads industrial complex that counts a mixed martial arts facility, a sushi manufacturer and an eclectic events space among its tenancies is on the market.
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Sydney’s ‘sale of the year’ falls through … for now
The property transaction billed the sale of the year — the offer of a half-stake in Sydney’s $1.8 billion Chifley Tower and Plaza — has been called off, for now, by vendor Singapore sovereign wealth fund GIC Real Estate.
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Liberal Party sells Melbourne HQ to mystery luxury retailer
The Victoria Liberal Party has today revealed the sale of its long-time headquarters in Exhibition St in Melbourne’s central business district for the higher-than-expected price of $37.1 million.
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