Property investment and retail company Gowings Bros. Ltd has sold its 50% interest in a retail complex in Norton Street, Leichhardt, as well as the last remaining block in the Bayview Heights Estate development.
A medical centre in Windsor, New South Wales, has been snapped up at auction on a net yield of 8.48%. The property is fully leased on a long term basis and sold to a family investment company, which based in Bondi Junction.
Aspen Group has announced the acquisition of eight parks for its unlisted Aspen Parks Property Fund, lifting the value of the fund’s property portfolio to $218 million.
Trinity is seeking to raise up to $500 million for the initial tranche of its new enhanced return fund. The fund’s seed assets include a 28 hectare land parcel in Brisbane which was secured by the group in 2006 and will be purchased by TERF after all town planning, roads and site servicing has been completed.
A shop and residence in the centre of Clarendon Street in South Melbourne, has been purchased by an investor on a fully leased sub 4% yield. The shop has a new four year lease in place to Ferrari Formal Wear.
Axiom Properties Limited has purchased a 50% interest in HOME HQ Gepps Cross, a 60,000 sqm bulky goods centre 10 kilometres north of Adelaide’s CBD.
Axiom Properties Limited has purchased a 50% interest in HOME HQ Gepps Cross, a 60,000 sqm bulky goods centre 10 kilometres north of Adelaide’s CBD.
Twenty seven out of the forty eight studios and warehouse units in a newly completed development at 91 Murphy Street in Richmond, Victoria, have sold. The project is a joint venture between Macquarie Bank and Probuild Constructions.
Twenty seven out of forty eight studio and warehouse units in a newly completed development at 91 Murphy Street in Richmond, Victoria, have sold.