Commercial property deals

From Bunnings to brothels to Dreamworld, it’s been a huge year in Australian commercial property. 2016 ran the full gamut when it comes to news, and here are the 10 stories you couldn’t get enough of.

Private investment firm Pro-invest Group has snapped up a second hotel site in Melbourne’s central business district and will develop a Holiday Inn Express on the $30 million property. This article originally appeared on theaustralian.com.au/property.

A Salvation Army building known as the “People’s Palace” and operated as a cheap hotel for 104 years has sold for more than $2.7 million.

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.

Ardent Leisure has sold its d’Albora Marinas business for $126m, in a move planned before the Dreamworld tragedy. This article originally appeared on theaustralian.com.au/property.

Japanese brewer Asahi Beverages has committed to a new warehouse facility being developed by Logos Property at the Heathwood Logistics Estate in Brisbane. This article originally appeared on theaustralian.com.au/property.

The listed Charter Hall Retail REIT has snapped up Arana Hills Plaza and an adjoining Shell petrol station in Brisbane from superannuation fund-backed ISPT for $67.1 million. This article originally appeared on theaustralian.com.au/property.

A pair of KFC fast food outlets were an early Christmas treat for buyers at Burgess Rawson’s final investment auctions of the year, where $109 million worth of commercial property sold in two days.

A Sydney-based financial advisory firm for wealthy Asian investors, iProsperity Group, has bought the Novotel Melbourne Glen Waverley, as the value of suburban hotels jumps. This article originally appeared on theaustralian.com.au/property.