Sydney’s Oatley Village Square sold at 4.81% yield by CBRE
Oatley Village Square sold to a private investor following a hotly contested sale campaign. CBRE James Douglas, Joe Tynan and Michael Hedger negotiated the transaction on behalf of Bayley Property Group.
APPF Retail to sell key 50% JV stake in Harbour Town Premium Outlets centre for sale by CBRE and McVay
A 50% joint venture stake in the landmark Harbour Town Premium Outlets centre on the Gold Coast for sale by Lendlease on behalf of the APPF Retail fund. CBRE's Simon Rooney together with Sam McVay and Dan McVay from McVay Real Estate have been appointed.
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.
Drayton Central sold to SCA for $34.34m by Savills
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 shopping centre sold bringing tally to $181m by CBRE
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.
First Coles Supermarket in South Australia for sale in over 5 years by JLL ,
Coles Victor Harbor for sale. JLL Managing Director SA Ben Parkinson and Joint Head of Retail Investments Australia Jacob Swan have been exclusively appointed to offer 5 Adelaide Road for sale via an Expressions of Interest campaign.
IOOF acquires first large format retail asset $68m negotiated by Colliers
IOOF Investment Services Limited have purchased Great Western Centre, a large format retail centre at 11 John Hines Avenue Minchinbury NSW sold from Minchinbury No 2 Pty Ltd for $68million by Colliers John McCann and Frank Oliveri.
4.5% yield is a regional NSW record for this asset class sold by Savills
Regional NSW retail asset leased to Dan Murphy’s sold for $11.187m at 4.5% by Steven Lerche, National Director, Retail Investments at Savills Australia, who negotiated the sale alongside colleague Andrew Palmer.
7-Eleven sold for $7.6m sets record low 5.14% yield in Queensland by Cushman & Wakefield
7-Eleven at 2009 Sandgate Road Virginia sold to local investor for $7.6m on a 5.14% yield. The low yield represents a new benchmark for a freestanding 7-Eleven in Queensland. The property was marketed as part of Cushman & Wakefield’s National Investment Sales April portfolio, and sold by...
