Commercial Property News about Bunnings

A Bunnings that’s about to open its doors has hit the market amid hot buyer demand for the popular investments, in a rare opportunity to buy one of the warehouses for less than $25 million.

Property investment manager Newmark Capital is on the hunt for more large format retail assets after snapping up its sixth Bunnings Warehouse for $75 million.

Private investors priced out of bigger Bunnings Warehouse deals are chasing a rare opportunity to secure one of the popular investments – and at a more affordable price point.

The popular Bunnings chain is set to add an epic new store to its network, and it will be one state’s first three-storey hardware shop.

The former Bunnings site in Palmerston in the Northern Territory has sold to a developer for $7.5 million.

A Bunnings Warehouse in the inner Sydney suburb of Alexandria has just sold to an arm of the acquisitive Charter Hall empire for $70m.

The chance to own and occupy a recently vacated Bunnings Warehouse has the Northern Territory’s commercial property abuzz, with the property among the most-viewed commercial listings nationally over the past week.

Bunnings is bringing its Melbourne-based support teams together under one roof, as suburban office markets attract increased attention.

The listed BWP Trust, which owns Bunnings warehouses around the country, says it is well positioned for the challenges created by the global COVID-19 pandemic, even as its anchor tenant readies for trade restrictions in Melbourne.