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.
New dominant Large Format Retail for sale Melbourne growth corridor by JLL and Stonebridge
The newly constructed Craigieburn Junction Large Format Lifestyle centre for sale. PGIM Real Estate has appointed JLL Nick Willis & Sam Hatcher and Stonebridge Justin Dowers & Philip Gartland to handle an on-market sale.
Regional investments soar, as Coles Swan Hill Shopping Centre sold for above $20 million Stonebridge
A regional Victorian Coles anchored neighbourhood shopping centre has transacted for $20,075,000, representing a yield of 5.08% marketed by Stonebridge Property Group Justin Dowers, Kevin Tong and Philip Gartland.