In Australia’s largest industrial deal for 2020, a portfolio of four ALDI distribution centres are being acquired for $648 million by a joint venture between Charter Hall and insurance giant, Allianz. The four distribution centres, located in Sydney, Victoria and Brisbane, will be leased back to ALDI Australia; LaSalle Investment Management has sold a half share in a 30-storey Melbourne CBD office for $205.675 million; David Jones has contracted to sell its menswear store at 299 Bourke Street Mall for $121 million, progressing with the retailer’s plans to create a premium flagship experience in the heart of Melbourne’s CBD; plus more

A former laboratory in Melbourne’s south east has traded hands for $90 million; Primewest has picked up a refurbished City Toyota and Lexus dealership and Servco service centre in Dubbo for $12.5 million; JLL has closed two major commercial deals over the past three months, Leederville and Bibra Lake, with agents reporting solid conditions for buyers and sellers; plus more

The Lion Hotel, one of Adelaide’s most awarded and iconic hotels, has sold after being marketed for sale for the first time in over 20 years.

Charter Hall has acquired a 30.6 hectare investment property in Sydney’s south west for $207 million; Dexus splashes out $73.5 million for an 8.8 hectare distribution centre in Melbourne's north and another $100 million for a premium industrial investments in Sydney’s south-west; plus more