In yet another example of the market’s attraction to neighbourhood shopping centres the Woolworths anchored neighbourhood centre sold on behalf of an off-shore investor to Sydney based Ganellen Asset Management at a yield of 5.9% Savills Peter Tyson and Jon Tyson negotiated the sale. 

Charter Hall Group announced that it has acquired a $245 million portfolio of government-leased assets from private developer DOMA in an off-market transaction brokered by Paul Powderly from Colliers International.

An International Chinese investor has made a cash purchase of a freehold Elizabeth Street building sold after 45 years of ownership. CBRE Melbourne City Sales team - Alex Brierley, Nathan Mufale and JJ Heng transacted the property. 

SCA Property Group has closed another Queensland deal, snapping up the DraytonCentral Shopping Centre in Toowoomba for $34.34million. The off-market transaction was negotiated by Peter Tyson and Jon Tyson of Savills Australia.

Makris Group Adelaide’s Hallett Cove Shopping Centre sold for $71 million to South Australian developer Antunes Group. CBRE Head of Retail Capital Markets Pacific, Simon Rooney negotiated the three Adelaide deals on behalf of Makris Group.

A local investor has purchased a modern retail freehold on Sorrento’s main street at 141-147 Ocean Beach Road, Sorrento VIC for $4.85 million on a 1.57% yield by Benson Zhou and Julian Heatherich of Savills Australia.