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Year: 2018

20.12.2018

Pellicano and Camlen Property Group round out 2018 with off-the-plan Ringwood sale

A Macau-based private investor has pre-purchased an office development in Ringwood for $28,300,000 in a sign of the continued strength in Melbourne’s suburban office market.

The 60-62 Maroondah Highway project is 100% pre-leased to the Victoria’s Department of Treasury and Finance on a 12-year term.

It is being delivered by a joint venture between renowned builder/developer Pellicano Group and investment manager Camlen Property Group, with completion anticipated in May 2020.

12.12.2018

Hamton snares Healthscope’s Cotham Private Hospital site in Kew

The former Cotham Private Hospital in Kew has been earmarked for a significant residential development following its sale to prominent local developer Hamton.

Private healthcare operator Healthscope listed the prominent Cotham Road site for sale following the hospital’s recent closure.

CBRE’s Sandro Peluso, Julian White, Josh Twelftree and Jimmy Tat negotiated the deal with Hamton in conjunction with transaction manager Dan Magree of Magree Property Advisory.

Mr Peluso said the highly competitive campaign had resulted in one of the most notable healthcare property transactions of 2018.

10.12.2018

Hobart CBD Officeworks Transacts to International Investor from Mainland China

A domestic private family have just cashed in on their Officeworks Investment in the Hobart CBD, selling at auction to an international investor with heritage from mainland China for $11,725,000, with the CBRE Victorian Freestanding Investments transacting the property through their premium property portfolio auction.

CBRE Freestanding Retail Investments Joseph Du Rieu, Kevin Tong and Mark Wizel transacted the asset exclusively for the vendors, which attracted interest from both the domestic and international investors, witnessing multiple bids from across the country on the night.

Shanghai buyer’s $44.5m for Coles Aurora

A Chinese investor introduced through CBRE’s Shanghai office has pipped several local and international rivals in paying $44.5 million on a circa 5.6 per cent yield for Coles Group’s Aurora Village neighbourhood centre at Epping in Melbourne’s north. CBRE National Director Investments, Mark Wizel, who brokered the deal with Justin Dowers, Kevin Tong and Lewis…

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