Deals of the Week: 20 July 2018

Deals of the Week: 20 July 2018


Darwin: Landbridge Group, the company that in 2015 purchased the Port of Darwin on a 99-year lease, has received planning approval for $200 million luxury hotel on the foreshore of the NT capital. A seven-storey residential tower containing 24 apartments was also approved as part of the project — The Australian Financial Review.

Perth: Perth’s commercial property market is chugging along after a private data centre operator paid $21 million for an amalgamated strata showroom and retail property on the corner of Lord and Newcastle streets in the CBD. The property, West Trade Centre, is on a 6368 sq m site and was sold vacant possession. Colliers International’s Tim Scott and Tory Packer brokered the deal — The Australian Financial Review.

Sydney: ASX-listed Virtus Health has committed to more than 3000 square  metres of new medical space at a purpose-built hospital at 15 Bowden Street in Alexandria, in inner-south Sydney, for a new facility due to open in August. Virtus was involved in the design of the building, built by Aus Urban Projects, and has agreed to lease the ground floor and levels one to three on a 12-year term — The Australian Financial Review.

Melbourne: A Melbourne suburban shopping centre that is home to Australia’s first Kmart department store has been listed for sale for the first time in 25 years with a price tag of about $200 million. Burwood One, a 26,598 square metre mall on the corner of Blackburn Road and Burwood Highway in Melbourne’s eastern suburbs, was the focus of a retail frenzy on April 30, 1969, when 40,000 bargain hunters descended for the opening of what was then called Kmart Burwood — The Australian Financial Review.

Melbourne: Melbourne’s oldest building in coveted Bourke Street has changed hands for the first time in 63 years for a figure well above the expected $40 million sale listing price. The trophy retail asset at 274-278 Bourke Street, with major national tenants Swarvoski and Windsor Smith, received more than 200 buyer enquiries from Australian and international investors — The Urban Developer.