Victoria
CLYDE NORTH - $130 million
Victorian Racing Club board member and Black Caviar owner Neil Warrett has purchased a significant industrial site in Clyde North, Victoria. The 53.58-hectare site was sold by Oreana Property Group, led by brothers Steven and Tony Sass, which cost Warrett's Galileo Group $130 million.
TRUGANINA - $44.4 million
Logistics investment house Logos has sold a vacant industrial site in Truganina for $44.4 million. The industrial site is purchased by Cadbury's parent company, Mondelez, it is to house a 42,800 sqm automated warehouse. Logos plans to deliver the purpose-built facility over the next 20 months and will target a 5-Star Green Star Rating for the distribution centre, indicating the possibility of a net-zero building once complete.
TRUGANINA - $13.5 million
Success Logistics has acquired an office warehouse in Truganina for $13.5 million. The 5,061 sqm, 2B Dunmore Drive facility is situated within Truganina’s main industrial precinct, with high-profile surrounding tenants including Coles, Star Track, DHL, and Lineage Logistics. CBRE’s Ricardo Cappelletti, Fergus Pragnell, and Tom Murphy brokered the deal on behalf of the private vendors.
DANDENONG - $8.5 million
A private investor has swooped on the United Petroleum service station as part of an on-market sales campaign managed Jones Real Estate. Located at 249 Greens Road, Dandenong South, the 2,973 sqm property sold for $8.5 million. Interestingly, this is the second time Jones Real Estate has sold this particular service station and another United Petroleum property in Cranbourne North in 24 months.
ALTONA NORTH - $2.86 million
Jones Real Estate has sold an 864 sqm retail and showroom space at 1 Gilbert Drive, Altona North to a private investor for $2.86 million. Jones Real Estate agents Tim Spargo and Luke Peric brokered the deal, with Mr Spargo commenting: “Demand for secure investments in sought-after locations across Melbourne’s growing suburbs are still being well received.”
MELBOURNE CBD - $5.265 million
JLL's Melbourne CBD Sales Team have sold an East-End Melbourne CBD freehold days after EOI closed for $5.265 million. Reflecting a building rate of $18,345 per square metre, it is the strongest pure office sale for the year. Brokered by JLL's Nick Peden, Josh Rutman and MingXuan Li on behalf of a local owner who owned the property for 11 years.
Tasmania
CONARA - $100 million
The historic Tasmanian farm Vaucluse has sold for over $100 million to one of New Zealand's most powerful agricultural families. In a transaction handled by LAWD agents Danny Thomas and Elizabeth Doyle, the 4448-hectare cropping property and luxury wedding venue in Conara was sold by US firm Proterra Investment Partners to Torallo, which is co-directed by Sydney-based Christopher Spencer, son of New Zealand farming and meat industry figure Peter Spencer.
LAUNCESTON - $3 million
Rob Keldoulis, the largest individual donor for the teal independent candidates and CEO of trading company VivCourt has purchased a 44.26 hectare marijuana farm for $3 million. The property was purchased through Keldoulis' company Blue Buffalo from medical cannabis and industrial hemp business ECS Botanics.
New South Wales
CHIPPENDALE - $59.5 million
HB+B Property and AMP Capital have sold a City Fringe office asset to a private investor for $59.5 million. Brokered off-market by JLL's Mitch Noonan and James Aroney, the property is located in Sydney's Tech Central precinct.
LILYFIELD - $2.9 million
The Soglimbene family has sold a 650 sqm development site approved for a 12-unit development with a cafe at 101-103 Lilyfield Road to RK Group. Anthony Pirrottina and Demi Carigliano of Knight Frank negotiated the sale.
LIVERPOOL - $40 - $45 million (speculated)
Laundry Hotels has purchased the 140-room Hunts Hotel Liverpool for an undisclosed price with industry sources speculating the sale fell between $40 and $45 million. The sale was brokered by JLL Hotels & Hospitality Group's Andrew Langsford, Ben McDonald and Nick Roche in conjunction with JLL Capital Markets' Dylan McEvoy.
TENTERFIELD - $4 million
Redhill Hospitality has acquired a Best Western Henry Parkes Hotel in Tenterfield for $4 million, adding to their portfolio of 10 regional motel assets across the east coast. Redhill Hospitality founder and CEO Guy Peterson commented, "We are focused on growing a portfolio of regional Australian motels that provide value to both guests and investors."
Queensland
SUNSHINE COAST - $7.3 million
Three industrial lots in Noosa have sold for $7.3 million, marking a record-breaking price for the Sunshine Coast, as demand strengthens amid a tightening debt market and rising construction costs. The three 2,000 sqm industrial lots, located at 5-13 Production Street, Noosaville have been purchased by an owner-occupier from outside of the Noosa region. CBRE’s Louisa Blennerhassett and Matt Marenko managed the sale on behalf of private vendors via an Expression of Interest campaign which received 120 enquiries and eight offers.
