Deals of the week: 15 September 2017

Deals of the week: 15 September 2017

15 September 2017

QUEENSLAND: 2010 Australian Cotton Grower of the Year, Norman Farming, plans to sell 18,028 of prime cotton growing land near Goondiwindi, Southern Queensland, for in excess of $100 million. The two properties on offer have historically grown about 40,000 bales of cotton each year, consistently yielding in excess of 12 bales per hectare which is well above the industry standard — read more at the AFR.

GOLD COAST: Struggling theme park operator Village Roadshow is selling 154 hectares of land on the Gold Coast in an attempt to raise at least $100 million to cut debt. The company plans to lease back the massive Oxenford landholding, which hosts Movie World, Wet’n’Wild, Australian Outback Spectacular, Paradise Country and Village Roadshow Studios — read more at Gold Coast Bulletin.

SYDNEY: Chinese-backed developer Aqualand took only two hours to sell $200 million worth of apartments in stage one of its Blue at Lavender Bay development. Of the 72 apartments sold on Saturday morning, the highest sale result was the $8 million sub-penthouse, which equated to a bullish $55,000 per square metre — read more at Fairfax Media.

SYDNEY: Mirvac’s $292 million mixed-use “Pavilions” development at Sydney Olympic Park has been approved by the NSW Department of Planning and Environment. The development will provide 705 new houses in four residential apartment buildings in what is slated to include Mirvac’s first build-to-rent project, for which it is seeking funding — read more at The Urban Developer.

MELBOURNE: Melbourne’s oldest pub, the 167-year-old Duke of Wellington, is up for grabs as part of an $80 million portfolio of Melbourne CBD assets on offer from the well-known Schwartz family. The portfolio comprises the 65-room Adina Hotel, a car park, IGA supermarket and other laneway properties at 88 Flinders Street, the Duke of Wellington pub, and an adjoining nine-level office tower at 2 Russell Street, opposite Federation Square  — read more at The Urban Developer.