Commercial property deals

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.

Strong growth in the IT sector is fuelling a flurry of activity in Brisbane’s office market, with firms capitalising on the current environment to upgrade their premises.

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.

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

Developer the Willemsen Group has signed a multi-million-dollar long-term lease with the Commonwealth Department of Fin­ance for a new office building in Canberra near Parliament House. This article originally appeared on www.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.

Singapore-listed Ascendas Hospitality Trust has tapped advisers as it readies to bring the Pullman and Mercure hotel in Melbourne’s leafy Albert Park to market. This article originally appeared on theaustralian.com.au/property.

A service station complex on Melbourne’s West Gate Freeway has sold for $22.5 million, making it the most expensive petrol station sold anywhere in Australia in more than 10 years.