Deals of the Week: 12 July 2019

Deals of the Week: 12 July 2019

SYDNEY: Pub operator Tilley and Wills Co has expanded its presence in Sydney’s city pub scene after paying about $15 million for the leasehold of the large-scale Criterion Hotel in Pitt Street. It was sold by Gallagher Hotel Management group and comes amid a spate of pub sales across Sydney worth a combined $60 million in the past week.—The Sydney Morning Herald.

SUNSHINE COAST: Private developer Capital Property Group has snapped up a 50 per cent interest in Stockland’s largest masterplanned community, a 20,000 lot estate located on the Sunshine Coast. Stockland says the major project has an end value of $5 billion, with the deal struck with billionaire Terry Snow’s CPG.—The Urban Developer.

SYDNEY: Local Chinese investors Lh & JC Investments have purchased a large parcel of land in Rosebery for $31.8 million from Wilh. Wilhelmsen Investments with plans for a mixed use development comprising 120 apartments and a retail component.—Savills.

MELBOURNE: Chinese-backed commercial ­dev­eloper Golden Age has picked up a building in Melbourne’s Little Collins Street belonging to the Uniting Church Synod of Victoria and Tasmania and high-profile developer Jonathan Hallinan, paying about $43 million.—The Australian.

BRISBANE: The Parkinson Place shopping centre in Brisbane’s south has changed hands for $17,500,000. CBRE’s Michael Hedger, Joe Tynan and Kevin Tong negotiated the sale of the neighbourhood centre to a Victorian-based investor. Parkinson Plaza is situated at the busy roundabout intersection of Algester and Nottingham Roads, approximately 20km south of the Brisbane CBD.—CBRE.