FKP Property Group has acquired a 153 hectare site in the Gold Coast’s Currumbin Valley from Devine Limited. The parcel of land sits between Currumbin Creek Road and the New South Wales border.
ING Industrial Fund has appointed Rachel Mawhinney as development manager for commercial projects. Ms Mawhinney will be responsible for the co-ordination and integration of leasing and marketing strategies.
Charter Pacific Corporation, through its corporate advisory business Charter Pacific Capital, has acquired a 50% stake in the Priority Property Fund.
A strata office investment and a vacant floor situated in Melbourne’s Collins Street financial precinct, have both sold prior to action. The occupied property is leased to Sungard Systems for five years and sold on an initial 6% yield.
A retail showroom in Shepparton, Victoria, has been snapped up for $923/sqm by a developer immediately after it was passed in at auction. The new owner plans to redevelop the property into a bulky goods centre.
Opus has acquired a five-level office complex currently under construction in Bowen Hills, Queensland, from Watpac Limited.
Trinity has acquired a commercial office building in Parramatta, 25 kilometres west of Sydney’s CBD, for its unlisted Trinity Property Trust. The property was purchased on an initial yield of 7.42%.
Valad Property Group is planning further growth throughout the Asia Pacific region, having made a number of recent acquisitions on Australia’s east coast.
A strata office floor on O’Connell Street in Sydney has sold to a private investor less than an hour after it was passed in at auction. The sale represents the third level in the building to be sold in the past 6 weeks.