Buying Commercial Property

An Asian investor has snapped up the Woolworths-anchored Reedy Creek Village Shopping Centre, on the southern end of the Gold Coast, for $20.5 million.

Investors are expected to descend on Victorian tourist mecca the Yarra Valley, after neighbourhood shopping centre Healesville Walk was listed for sale.

SCA Property Group has followed news of a 23% profit lift with the purchase of Townsville’s Annandale Central Shopping Centre.

The NSW government has abruptly terminated negotiations at Fort Denison that would have seen a new food and beverage operator appointed for the heritage-listed Sydney Harbour icon. This article originally appeared on theaustralian.com.au/property.

Unlisted property manager Quintessential Equity will pay $45.25 million for a suburban Brisbane office building as it looks to ramp up its Queensland market exposure. This article originally appeared on theaustralian.com.au/property.

A private investor has paid $3.8 million for a Queensland vehicle showroom leased to a Jeep and Chrysler dealership.

Just a week after WA Premier Colin Barnett was on hand to turn the first sod at its $400 million mixed-use project, the Hong Kong-listed Far East Consortium has put The Ritz-Carlton Perth on the block. This article originally appeared on theaustralian.com.au/property.

Asian investor interest in Queensland’s leisure and tourism sector has been solidified with China Capital Investment Group’s $25 million acquisition of the perpetual lease of South Molle Island.

Hotel operators and student accommodation groups are among those already vying for the Church of Scientology’s Sydney headquarters, just days after it hit the market.