Retail

A mammoth development site in western Sydney with a movie theatre, Telstra building and a vacant land parcel has been snapped up in a $90 million deal.

Australian-Korean investment and fund manager Inmark Asset Management is moving to capitalise on global demand for long-leased office assets by putting the national Woolworths headquarters in Sydney’s northwest on the block for more than $400 million.

The organisation supporting widows and dependants of deceased and incapacitated ex-service men and women has earned a windfall from the sale of its Ryrie Street headquarters.

A Bunnings that’s about to open its doors has hit the market amid hot buyer demand for the popular investments, in a rare opportunity to buy one of the warehouses for less than $25 million.

Art dealer Denis Savill, whose Paddington gallery goes under the hammer tomorrow, had a dramatic plan to make money if business went bad after his 1985 purchase.

Investors are targeting ‘big box’ retail centres as Australians spruce up their homes during the coronavirus pandemic and housing boom.

Sydney Metro has paid close to double the median house price for several houses owned by Woolworths as part of the future Metro West line.

It started as a blacksmith shop in the late 1850s but today this historic site is home to several businesses popular among locals and tourists – and it’s on the market.

Several prospective buyers submitted offers for this commercial property just days after it hit the market. So why were they so determined to get their hands on it?