blog.buysellrealestate.com.au

A retail building in Wagga Wagga, New South Wales, has sold at auction to a local investor. The building is partially leased to Wizard Home Loans and Medibank Private until 2010.

Residential property developer AV Jennings has acquired an in-fill development site in the northern Sydney suburb of Eastwood, with the potential to develop up to 255 residential lots.

The ING Real Estate Entertainment Fund has acquired the freehold of the Brisbane Hotel in the Perth suburb of Highgate, in conjunction with the hotel’s existing operator, Geoff Hayward.

A consortium led by the Macquarie Group of Companies has acquired a high rise redevelopment site at Main Beach on the Gold Coast, from local developer HSP Group.

A private investor has added to his Sydney CBD property portfolio by acquiring the ANZ banking chamber at 2 Barrack Street at auction. The banking chamber is leased to ANZ for ten years.

Stockland has submitted a development application for a $200 million expansion of its Shellharbour shopping centre at Illawarra, NSW. The expansion would see a further 30,000 sqm added to the centre’s current 70,000 sqm.

A local developer has purchased an office building in Newcastle, New South Wales, at an auction conducted by Realty Partners. The property sold for $300,000 above its reserve price.

Listed property group Devine has acquired the Sandstone Lakes Estate near Bribie Island, north of Brisbane, giving the company ownership of 437 undeveloped housing lots.

Devine has appointed a new Queensland general manager for its housing and land division. Colin Boulton joins Devine with 30 years experience in development, building and engineering in Australia and overseas.

Becton Property Group has acquired two new Melbourne CBD properties and
a third in Box Hill through its purchase of the Henkell Brothers
Investment Management Portfolio in a deal brokered by Colliers.