Deals of the Week - 30th September 2024

New South Wales 

MATRAVILLE - $137.6 million 

Australia's first multi-storey logistics facility developed by Hale Capital Partners has been offloaded by LaSalle Investment Management. 

Located at 2-52 Raymond Avenue, the state-of-the-art facility features environmentally sustainable design features including a 4-sta Green Star raging, ESFR sprinklers, 300kW solar panels, energy monitoring systems, EV charging stations and end-of-trip facilities.

The facility was purchased by US-based Caboot Properties following a sales campaign managed by Colliers' Gavin Bishop, Michael Crombie, Sean Thomson and Trent Gallagher.   

TEMPE - Undisclosed 

Tyche Asset Management has successfully divested The Riverview Hotel after recently completing a major refurbishment. 

The freehold hotel was purchased by Universal Hotel Group and is currently leased on a monthly basis. Universal has indicated they plan to take possession of the asset prior to settlement. 

The deal was brokered by HTL Property's Blake Edwards and Sam Handy.

Queensland 

DUBBO - $17 million

Accure Funds Management has purchased the 4.5-star Quest Dubbo. 

Holding a secure lease to 2048, the hotel hosts 65 serviced apartments and is strategically located at 22 Bultje Street, 10 minutes from Dubbo City Regional Airport. The asset was offloaded by Australian industrial service and real estate business, MAAS Group Holdings. 

 The deal was managed by Savills Nick Lower and Selin Ince.

Western Australia 

MAYLANDS - $7.2 million 

A near-new childcare centre in Maylands has changed hands, representing the largest-ever single childcare transaction in WA. The sale is part of HMC Capital’s strategic asset recycling program with proceeds redeployed into its accretive development pipeline. 

The property, located at 135-137 Peninsula Road, is leased to Nido Early School for a 20-year initial term. 

The sale was brokered by CBRE’s Sandro Peluso, Jimmy Tat and Marcello Caspani-Muto in conjunction with Sterling Property's Jake Wallman and Simon Brady.

Victoria 

ESSENDON - $1.41 million 

An interstate investor has swooped on a fully-leased investment on a generous landholding in Melbourne’s inner northwest.

The property, located at 204 & 204A Buckley Street, comprises retail premises fronting Buckley Street and a separate detached dwelling at the rear. There are two commercial leases in place, including a 5+5-year lease to Fairway Dry Cleaners, and a two-year lease at the rear dwelling, returning a combined net of $74,100pa plus GST.  

The deal was managed by Fitzroys' Ervin Niyaz and Chris Kombi.