Deals of the Week: 2 August 2019

Deals of the Week: 2 August 2019

2 August 2019

BRISBANE: The leasehold of the Pig ‘N’ Whistle Redbank Plains has been acquired by the ASX listed Redcape Hotels for $11,500,000. CBRE Hotels’ Director Paul Fraser managed the off-market sale of the Queensland leasehold on behalf of Mantle Group Hospitality (MGH) — CBRE.

PERTH: A syndicate of developers has sold Trinity Village, a neighbourhood shopping centre in Perth’s north western growth suburb of Alkimos, for $34,050,000. With a net lettable area of 6,081sqm, the neighbourhood shopping centre is anchored by Coles on a long 15-year lease and underpinned by 16 specialty tenants, including a Shell service station, medical centre and childcare centre — CBRE.

BRISBANE: JLL’s Jacob Swan and Sam Hatcher have sold Coles Yarrabilba for $19.05 million to a private investor, on behalf of Coles Group Property Developments. The sale reflects a 5.44 per cent passing yield at a rate of $5,394 per square metre. Located 40km south of the Brisbane CBD, Coles Yarrabilba is a brand new, freestanding full-line Coles supermarket, secured by a highly sought-after net lease on a 15-year term, with options until 2074.

MELBOURNE: Charter Hall has nabbed Australia’s largest super fund at its $1.2 billion Wesley Place precinct, finalising its leases at the 130 Lonsdale Street tower 10 months ahead of completion. AustralianSuper has struck a 12-year lease for 16,200sq m across the upper levels of the building, joining fellow super funds Telstra Super and Cbus in the 35-storey tower — The Urban Developer.

GEELONG: Centuria Industrial REIT has snapped up the Quiksilver distribution and logistics facility in North Geelong for $22.8 million in an off-market sale. The 21,772sq m facility located on a 3.763-hectare site, at 75-105 Corio Quay Road, and is used by the surf wear brand as its Asia Pacific distribution centre — The Urban Developer.