City fringe

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Double profit: Pub family sells Hurstville Ritz for second time
The Bowden Group has reaped $90 million from the sale of its two Sydney hotels, the Hurstville Ritz and the Cabramatta Hotel, in a record pub deal for the year.
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Brothels a beacon for commercial property investors
Brothels remain hot property on the commercial property market, with a number of well-known and longstanding venues currently for sale.
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Historic lease: Jack’s Magazine a blast from the past
When it comes to Australia’s most unique commercial properties, this one might take the cake. The chance to lease and revitalise the historic Jack’s Magazine site in Melbourne looms as a once in a lifetime …
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Woolworths’ Mulgrave distribution centre sold for $91m
The listed Growthpoint Properties Australia has offloaded a Woolworths national distribution centre and the attached Victorian state head office in Melbourne’s eastern suburbs to a private group in a deal worth $90.75 million. The sale …
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Vicinity and GIC in year’s biggest deal with $1.1bn mall swap
It is shaping up as the year of the mega deal for top shopping centres, after mall landlord Vicinity Centres and Singapore’s sovereign wealth fund GIC agreed to swap assets worth a combined $1.1 billion.
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Chester Square Shopping Centre sparks bidding war
The Chester Square Shopping Centre in Sydney’s southwest has been sold by a Smorgon family-linked company for $68.5 million on one of the tightest ever yields at which a neighbourhood shopping centre has traded.
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Marley Spoon finds taste for Melbourne’s west
Meal subscription service Marley Spoon has expanded its Australian operations, leasing a production and storage facility at Altona North in Melbourne’s west.
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Buyers queue up for $1bn half-stake in Brisbane shopping centre
AMP Capital is looking to stamp its authority on Brisbane’s retail property market with the purchase of a $1 billion stake in the Indooroopilly Shopping Centre.
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Not all tomb and gloom for Egyptian-themed Masonic Hall
Sandringham’s iconic Egyptian-style Masonic Hall is still searching for a buyer after it passed in for a multimillion-dollar sum.
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