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.
Why it’s not too late for commercial investors and businesses to claim thousands - BMT
Just because June 30 has been and gone, commercial investors and businesses don’t need to wait another financial year to get a tax depreciation schedule. Even if a schedule is ordered after the end of a financial year (FY), depreciation can still be back-claimed.
Charter Hall acquires $245 m portfolio of government-leased assets from DOMA negotiated by Colliers
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.
Vacant Elizabeth Street Freehold Building Sold by CBRE
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.
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.
Proxima health building Gold Coast to HomeCo Circa $80m by CBRE
Gold Coast HomeCo acquisition highlights demand for health-related investments. CBRE Michael Hedger, Joe Tynan, Mark Witheriff and Peter Chapple negotiated the sale of the Cottee Parker designed Proxima building between HomeCo and developer Evans Long.
Pallas Capital underwrites $1 billion in transactions; records $653 million transactions in the last year
“CRE lending, funded by private investors, established itself in the US and Europe many decades ago. It seems clear that it will become a very large asset class here in Australia over the next few years,” says Patrick Keenan, Chairman, Pallas Group.