City fringe

Industrial real estate and funds specialist Propertylink Group has snapped up an industrial complex leased to online fashion retailer The Iconic, in a $46.6 million play.

Health fund Australian Unity has bolstered its property holdings with the purchase of a Springvale warehouse and office complex for almost $13 million.

Discount department store Target’s expected movement of its national distribution centre to a new facility in Melbourne’s west has opened up the largest industrial vacancy in Australia.

Plans to build a $1 billion commercial precinct on the fringe of the Sydney CBD have moved a step closer with the NSW government recommending the developer’s proposal for the Australian Technology Park. This article originally appeared on theaustralian.com.au/property.

A department store brand not yet seen in Australia is among the luxury retailers being sought by the Star Entertainment Group to open at the $3 billion Queen’s Wharf development in Brisbane. This article originally appeared on theaustralian.com.au/property.

A local group has swooped on the Bakehouse Quarter in Sydney’s inner west in a deal rumoured to have topped $300 million in a sign the market for major residential sites remains hot. This article originally appeared on theaustralian.com.au/property.

GSA Group, one of the nation’s largest providers of student accommodation, has swooped on Melbourne’s Whitley College, in its second deal this month. This article originally appeared on theaustralian.com.au/property.

Vicinity Centres’ neighbourhood shopping centre sell-off has continued with the sale of Tweed Mall to ASX-listed Elanor Investor Group for more than $81 million.

A decision to subdivide and sell a tract of industrial land in south-west Sydney just two years after buying it has reaped Melbourne-based property fund manager Quintessential Equity a huge windfall.