PGIM bulks up on $100m mall

Global asset manager PGIM has taken possession of a new, large format retail centre in Melbourne’s northern suburbs in a deal worth more than $100 million. The new homemaker centre known as Craigieburn Junction was developed on a 6.5 hectare site at 420 Craigieburn Road by Melbourne-based Oreana Property Group, led by Tony and Steven […]

Rarely offered assets to go under the hammer at most highly anticipated auction yet

A rare Bunnings Warehouse opportunity, a very unique childcare centre and a Target store are among the properties set to make Burgess Rawson’s upcoming Investment Portfolio Auction one of the agency’s most highly anticipated yet. The newly redeveloped Bunnings at Lawnton, north of Brisbane, will be the headline act in the auction at Crown Casino […]

Syndicate Nails Bunnings

A private Victorian-based syndicate beat a large field to snap up a new regional Bunnings warehouse owned by one of Queensland’s most experienced developers, Nic De Luca. The Bunnings at 2 Walter Road, Kingaroy, sold for $14.55 million after an expressions of interest campaign through Burgess Rawson’s Billy Holderhead and Glenn Conridge. Mr Holderhead said […]

Queensland centre changes hands after just six days on the market

Investors are lying in wait for premium childcare centres, with a Brisbane property snapped up a month ahead of its auction date and just days after being put on the market. The childcare centre at McDowall, 9km north of the Brisbane CBD, sold this week for $4.545 million – more than $400,000 above its proposed […]

Silkstone servo sells for whopping price at auction

The chattels of Coles Express, Silkstone sold for $3.756 million in a sale and lease back. The property at 73 Blackstone Rd sold to a Perth investor and was part of $35 million worth of commercial real estate sold at a recent Burgess Rawson portfolio auction. A Perth investor snapped up the auction’s trophy property, […]

Sellers earn $22m for child’s play

More than $22 million in childcare assets have been traded in the Geelong region in the past year. The figure emerged after a Curlewis centre leased to listed industry giant G8 Education sold for $4.815 million, representing a 6.38 per cent yield. Commercial agents Burgess Rawson auctioned the property at 148-156 Jetty Rd, Curlewis, last […]

Childcare, petrol stations fire up buyers

Interstate buyers swooped on two childcare centres in Geelong and Brisbane, and a Coles Express petrol station in Ipswich, as part of a Melbourne portfolio auction, which achieved a 50 per cent success rate. Of the 12 mainly retail investments offered for sale by estate agents burgess Rawson, six sold under the hammer for a […]

Ex-Queensland premier Campbell Newman buys Tassie car yards

Former Queensland premier turned property investor and and one-time Tasmanian resident Campbell Newman has snapped up $16.4 million worth of AP Eagers-leased car dealership sites in Tasmania, under his investment capital firm Arcana Capital. Arcana snapped up the properties located in Launceston and Devonport 30 minutes before Burgess Rawson’s scheduled portfolio auction in April which […]

More growth in site

Investors anxious for a big-box hardware outlet to come to market need wait no longer as new Bunnings Warehouse in Queensland is now up for sale. Opened last week, the Kingaroy store is set to be sold in 2019, according to Burgess Rawson director Billy Holderhead. Located about 155km northwest of Brisbane, it will be […]