City fringe

Melbourne property investors have got their eyes on Tasmania and they have recently nabbed a few key assets.

US private equity group Blackstone is close to selling about $350 million worth of assets occupied by cold storage operator Emergent Cold in one of the year’s largest industrial property plays.

Footscray Angling Club fishermen and women have finally landed their biggest catch after testing the market waters for several months.

A Pascoe Vale dental facility that will appeal to both investors and future owner-occupiers alike is to be auctioned later this month.

An investor has picked off a prime piece of Melbourne real estate in upmarket Brighton, buying a space leased to popular St Martin’s Cafe for $2.377 million. The sale price for the strata-titled shop, which …

Pub tycoon Justin Hemmes is diversifying his hotel empire and has bought one of Sydney’s biggest gaming pubs, the Allawah Hotel, in the city’s southwest, for about $34 million.

Boutique property house Stirling Property Funds has bought an office building in Liverpool in Sydney’s western suburbs for $46 million for a new unlisted fund.

Any lingering market reservations were dispelled with the sale of the Box Hill Motel for $1.95 million above initial forecasts.

Property heavyweight Mirvac has benefited from the strong appetite for well-located Sydney shopping centres with its St Marys Village trading for about $68 million to an Asian-backed investor.