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.
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.
Church St showroom/office for sale circa $12.5m by Teska Carson
Strong demand for city fringe showroom and office property is likely to attract a healthy crowd of investors to the auction of a Church Street Richmond property with expectations of circa $12.5 million, according to marketing agents Teska Carson directors, Matthew Feld and Michael Taylor.
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...
Two Coles anchored shopping centres and a Bunnings transact for almost $80 million by JLL
Transactions of convenience-based retail assets have continued their significant momentum with the sales of three key assets in Victoria; Coles Morwell for $27.85m, Torquay Village for $40m and Bunnings Horsham for $9.8m. The JLL Retail Investments team of Stuart Taylor and Tom Noonan handled...
Romper & Co moves from Pop Up to Permanent by CBRE
The Victorian Retail Leasing Team at CBRE have concluded a leasing transaction at 471 Chapel Street, South Yarra, CBRE’s Jason Orenbuch concluded the leasing deal on behalf of a private landlord which saw Romper & Co secure the central Chapel Street location.
