The Karalee Medical Centre sold $7.1m Burgess Rawson
The Karalee Medical Centre Chuwar Queensland sold for a notable $7.1 million, reflecting a yield of 6.5 per cent by Burgess Rawson's team of Raoul Holderhead, Andrew Havig, Rick Jacobson, and Tom Lawrence.
Development site in growing Logan City sold by Knight Frank
A 2,023sq m development site at 289 Kingston Road Logan Central sold for $950,000 has a range of potential commercial or residential uses but will be used to expand the existing Logan Medical Centre. The off-market deal was negotiated by Knight Frank agents Jacob Heinke and Hayden Ryan.
Childcare Yields continue to compress as another centre sold by CBRE circa 5.0%
The sale marks close to 3 deals in three weeks for CBRE’s Australian Healthcare and Social Infrastructure Team who are re-defining yield expectation in the sector with all three deals occurring at yields below returns of 5.3% across price points from $8-$17.5 million.
A Perth CBD retail property sold for $35.25 million, representing the largest CBD retail transaction of the year. The Murray St Mall property sold by RWC WA agent Brett Wilkins.
Fremantle Police Headquarters sold for $5 million - Burgess Rawson
Fremantle Police Headquarters leased investment sold by Burgess Rawson agents Matthew Wright, Raoul Holderhead and Brodie Keay, in conjunction with Empire Property’s Craig White.
Mercy Health former seniors living and community hostel sold once labelled Maryville Hostel and operated by Good Shepard Aged Care Services. Maryville Hostel sold by CBRE’s Australian Healthcare and Social Infrastructure team of Marcello Caspani-Muto, Sandro Peluso and Jimmy Tat.
Centennial buys stake in Parkstone Funds Management aiming to create $1bn niche retail portfolio
National fund manager and developer Centennial announced its expansion into Australia’s top regional and large format retail sectors after acquiring equity and board representation in neighbourhood and subregional retail centre specialist, Adelaide-based Parkstone Funds Management.
Guardian Early Education Centre Banksia Park sold for $6.4 Million - Burgess Rawson & RWC
A Guardian Early Education Centre South Australia sold for $6.4 million, yielding 5.74% through Burgess Rawson’s Adam Thomas and Natalie Couper in conjunction with Ray White Commercial’s Jack Dyson.
Riverside Plaza Shopping Centre Launceston Tasmania sold by Knight Frank Tasmania
Riverside Plaza Tasmania sold for $14.0m to a Victorian based private investor, Knight Frank Tasmania agents Nicholas Bond, Cale Ayers and Scott Newton.
Salta Properties sub-regional shopping centre development site sold to Revelop - $20m by JLL
A Salta Properties Sydney sub-regional shopping centre development site sold to Revelop, set to be the first new sub-regional development in Sydney in over 20 years. JLL Retail Investments Australia agents Nick Willis and Sam Hatcher handled the transaction.
