New South Wales
REVESBY- $50 million
Realterm, an independent global investment manager focused on the transportation industry, has expanded its Sydney portfolio with the acquisition of two major industrial assets in Revesby and Ingleburn. The acquisitions add c.AU$89 million to its Australian portfolio and reinforce its momentum across Sydney’s tightly held south-west industrial corridor. The assets will sit within Realterm’s second Australian fund, which it launched in May this year.
Realterm has acquired 2A Mavis Street, Revesby, for AU$50 million.
It is a prime 27,447 sqm Industrial Outdoor Storage (IOS) site with exceptional access to the M8/M5 motorway network, leased to ASX-listed business Acrow, who have occupied the site for over 15 years. Sites of this scale and functionality are increasingly scarce in Sydney’s tightly held infill industrial market, where competition for low site coverage landholdings continues to intensify.
Trent Gallagher and Hamish Miles of Colliers assisted Realterm with this transaction.
INGLEBURN- $39 million
The group also purchased 5–9 Lancaster Street, Ingleburn, via an on-market campaign led by Elijah Shakir of ReVest Property Group.
The 23,900 sqm truck terminal features a 10,900 sqm warehouse with drive-through and drive-around capability as well as excess hardstand for truck and trailer parking. Located in Ingleburn, an established logistics market currently experiencing no vacancy, it is strategically positioned in close proximity to the M5/M7 motorway intersection and the Hume Highway, offering excellent connectivity to Melbourne, outer western Sydney industrial markets, as well as Port Botany.
BONDI JUNCTION - $7.5 million
A DA-approved mixed-use development site in the heart of Bondi Junction has sold for about $7.5 million.
CBRE's Luke Williams managed the transaction and said the sale demonstrates the enduring appeal of Sydney's eastern suburbs for developers seeking immediate construction opportunities in tightly held blue-chip locations.
Located at 104-106 Bronte Road, the 455-square-metre double block features dual street frontage and development approval for a ground-floor commercial space and seven luxury apartments above.
Mr Williams noted the transaction reflected sustained investor confidence in Bondi Junction's development fundamentals.
Queensland
BEENLEIGH - $19.5 million
Colliers has transacted the Beenleigh Lifestyle Centre for $19.5 million at a sharp 5.66% yield, marking Exceed Capital’s first divestment since its inception 9.5 years ago.
The off-market deal was exclusively brokered by Harry Dever, Associate Director, Colliers Retail Middle Markets, QLD, through a successful pre-market campaign. The asset at 137 George Street, Beenleigh, was acquired by a high-net-worth interstate investor.
Strategically positioned in Logan’s growth corridor, the 4,180sqm large format retail centre sits on a 9,312 sqm site and is fully leased to national brands including Supercheap Auto, Autobarn, Petbarn, Jaycar, F45, and Safe Places for Children.
EAST BRISBANE - $5 million
A showroom in a highly exposed location in East Brisbane, less than two kilometres from the Brisbane CBD, has sold for the first time in 130 years.
The property at 899 Stanley Street, one of the main inbound thoroughfares of East Brisbane, consists of a 615 sqm showroom on an 845 sqm site, with five car parks.
It has been occupied by Highgrove Bathrooms, one of Australia’s largest and leading bathroom suppliers of high-quality bathroom products, since 2008, with the current lease having one year remaining.
The asset was purchased by Kieran Gartshore of DAKL Group from a private investor for $5 million in a deal negotiated by Jacob Heinke and Hayden Ryan of Knight Frank.
BRISBANE CBD - $2.45 million
A growing Asian restaurant group has acquired two premium ground-floor retail strata lots in Brisbane’s CBD for $2,450,000, marking their fourth location in SEQ.
Located on the ground level of the award-winning Spire Residences, the transaction achieved a strong sale rate of $11,395/sqm.
Facilitated by Colliers experts Tony Wang and Shaun Seeto, the 215sqm retail space located at lots 2 and 3 of 550 Queen Street, Brisbane City, was sold on behalf of a private Asia-Pacific commercial cooking education operator who had been occupying the space.
Colliers Asia Markets Director Tony Wang said the purchaser was attracted to the offering’s existing commercial kitchen, restaurant and bar fit-out, as well as the prime Ann Street exposure.
Victoria
PAKENHAM - $14 million
Jones Real Estate, in conjunction with Stonebridge Property Group, has concluded the off-market sale of 1110 Koo Wee Rup Road, Pakenham, for $14,000,000, marking one of the South East’s strongest service centre transactions of the year.
Anchored by BP and KFC, the high-performing service centre occupies a strategic 10,624.5sqm* landholding with 114m* of prime frontage to Koo Wee Rup Road. The fully leased asset sold on a sharp 5.61% yield after attracting extensive interest from both local and offshore investors. The property was ultimately secured by a private investor.
Welcoming over 20,000 vehicles a day, the site’s prime position, the first service centre off the Princes Freeway and opposite Southeast Business Park, underscores its enduring value and rock-solid fundamentals.
The transaction was negotiated by Jones Real Estate’s Luke Peric and Tim Spargo, alongside Stonebridge Property Group’s Rorey James and Kevin Tong.
NORTH MELBOURNE - $5.08 million
Jones Real Estate has concluded the sale of Level 1, 185-187 Boundary Road, North Melbourne, for $5,080,000, a purpose-built medical facility positioned in the heart of Melbourne’s renowned Biomedical Precinct.
The fully leased asset transacted on a 7.26% yield after attracting over 75 enquiries from both local and interstate investors, ultimately selling to a buyer from New South Wales.
Securely leased to B. Braun Avitum Australia Pty Ltd, part of the 180-year-old global B. Braun healthcare group, the full-floor facility comprises 734sqm* of net lettable area.
Purpose-built for specialist dialysis care, the clinical facility is configured to support seamless patient flow and operational efficiency. It features dedicated ambulance loading bays, a secure patient entry, oversized hospital-grade lifts designed for beds, bariatric stretchers and life-support equipment, along with 20 secure on-title car parks.
TOORAK - $4.4 million
Colliers has completed the full sale of Orchard Piper’s 420 Toorak Road development, achieving approximately $20 million in office sales across five boutique strata suites, reinforcing the ongoing strength of Toorak’s tightly held commercial market.
In a campaign managed by Colliers Matt Knox, the final remaining suite, 2.02, comprising 245 sqm, sold for $4.4 million to a local family occupier, setting a new benchmark rate of $18,000/sqm and underscoring the depth of demand for premium strata office opportunities in Melbourne’s most prestigious suburb.
The campaign highlights Colliers’ leading position in the Toorak market and the enduring quality of Orchard Piper’s commercial developments.
BORONIA - $3.85 million
Colliers has successfully completed the sale of 7 Prospect Place, Boronia. A fully serviced and titled industrial landholding within Melbourne’s highly sought-after eastern corridor. The 3,911sqm* site, located within the Kalman Drive Industrial Estate, was offered with vacant possession and transacted for $3.85 million, representing a land rate of $984/sqm and a record net developable rate of $1,302/sqm
Positioned as one of the last remaining vacant land parcels of this size available in the Eastern industrial market, the property generated significant interest from developers and owner-occupiers seeking immediate opportunities amid acute supply shortages.
The deal was managed by Colliers' Steph Archer and Richard Wilkinson.
Western Australia
COMO - $8.8 million
A residential development site in Perth’s south has been sold for $8.8 million.
The 4,252sq m site 33-35 Edgecumbe Street and 124-126 Lockhart Street in Como is an amalgamation of four sites, but was sold in one line.
It was purchased by Griffin Group, which is developing apartment blocks on several sites in Como.
The buyer intends to complete a 10-townhouse development on part of the amalgamated site at Edgecumbe Street and Lockhart Street, for which construction had already started, with the concrete pads laid, when the property was put on the market.
It is yet to be decided what type of residential development will take shape on the remaining land, with the potential for more townhouses or alternatively apartments.
The Como site was sold following an Offers to Purchase campaign run by Tony Delich of Knight Frank on behalf of a private family.
