New South Wales
BANKSTOWN - $318.6 million
The Sydney-based JY Group has expanded its Australian retail portfolio with the $318.6 million acquisition of a 50% stake in Bankstown Central, lifting the group’s shopping centre assets locally to more than $3.5 billion. The off-market transaction was handled by CBRE's Simon Rooney, with Vicinity Centres retaining the remaining stake.
Located 17km from the Sydney CBD, the 78,530 sqm centre is anchored by Myer, Big W, Kmart, Coles and Woolworths, alongside 190 specialty stores. A $60 million refurbishment in 2022 introduced the "Grand Market" and enhanced transport integration.
Bankstown Central generated $530 million in annual turnover, supported by dual supermarket anchors and strong specialty productivity. With a masterplan allowing up to 300,000 sqm of new development, and positioned near the future Sydney Metro station and $2 billion Bankstown Hospital, the centre offers long-term value-add potential within a growing trade area forecast to reach over 660,000 residents by 2046.
RIVERWOOD - $18.75 million
Colliers and Commercial Property Group have transacted 137 Bonds Road, Riverwood, off-market for $18.75 million on behalf of long-term occupier Fresh & Green (Aus) Pty Ltd. The 4,452 sqm facility on an 8,267 sqm site was acquired by a strata developer for future redevelopment, setting a record land rate of $2,268/sqm.
Colliers’ Angus Urquhart and Hamish Miles, along with Commercial Property Group’s Matthew McHardy and Ben Panayotopoulos, noted the property’s scale, flexible zoning, and scarcity in Riverwood as key drivers of demand.
Fresh & Green, which has operated on-site for more than 20 years, will downsize and relocate to Milperra, a move also facilitated by Colliers. The sale underscores resilient investor appetite in Sydney’s industrial market, where low vacancy, strong rents, and limited supply continue to fuel competition.
SEVEN HILLS - $17.88 million
The largest redevelopment site in Seven Hills to be offered to the market this year has sold for $17.88 million, following a competitive campaign that attracted multiple developers eager for opportunities in the tightly held precinct.
Boutique developer Sky Grand Holding – which is completing a business park in Auburn with units ranging from 849-1980 sqm - secured the 1.14ha site at 120-122 Station Road.
The deal, which was facilitated by Parkside Commercial South Western Sydney’s Jon Orsborn and Matt Keeping, reflects a square metre land rate of $1,570psm.
REVESBY - $16 million
Colliers, in conjunction with Parkside Commercial, has sold 47–49 Marigold Street, Revesby, for $16 million on behalf of H Dallas Holdings Pty Ltd. The 3,816 sqm building on a 5,748 sqm site was acquired by Golden Palm Holdings Pty Ltd, which will relocate its manufacturing operations into the fully functional facility.
The on-market EOI campaign generated over 150 enquiries, numerous inspections, and multiple strong offers, highlighting demand for turnkey industrial assets in the Revesby-Milperra corridor.
Colliers’ Angus Urquhart and Hamish Miles said the existing infrastructure made the site ideal for manufacturers seeking scale with minimal disruption. Parkside Commercial’s Jon Orsborn added that the result reflects a strong appetite for low site coverage, high-power assets in Sydney’s inner southwest.
BANKSTOWN - $318.6 million
The Sydney-based JY Group has expanded its Australian retail portfolio with the $318.6 million acquisition of a 50% stake in Bankstown Central, lifting the group’s shopping centre assets locally to more than $3.5 billion. The off-market transaction was handled by CBRE's Simon Rooney, with Vicinity Centres retaining the remaining stake.
Located 17km from the Sydney CBD, the 78,530 sqm centre is anchored by Myer, Big W, Kmart, Coles and Woolworths, alongside 190 specialty stores. A $60 million refurbishment in 2022 introduced the "Grand Market" and enhanced transport integration.
Bankstown Central generated $530 million in annual turnover, supported by dual supermarket anchors and strong specialty productivity. With a masterplan allowing up to 300,000 sqm of new development, and positioned near the future Sydney Metro station and $2 billion Bankstown Hospital, the centre offers long-term value-add potential within a growing trade area forecast to reach over 660,000 residents by 2046.
RIVERWOOD - $18.75 million
Colliers and Commercial Property Group have transacted 137 Bonds Road, Riverwood, off-market for $18.75 million on behalf of long-term occupier Fresh & Green (Aus) Pty Ltd. The 4,452 sqm facility on an 8,267 sqm site was acquired by a strata developer for future redevelopment, setting a record land rate of $2,268/sqm.
Colliers’ Angus Urquhart and Hamish Miles, along with Commercial Property Group’s Matthew McHardy and Ben Panayotopoulos, noted the property’s scale, flexible zoning, and scarcity in Riverwood as key drivers of demand.
Fresh & Green, which has operated on-site for more than 20 years, will downsize and relocate to Milperra, a move also facilitated by Colliers. The sale underscores resilient investor appetite in Sydney’s industrial market, where low vacancy, strong rents, and limited supply continue to fuel competition.
SEVEN HILLS - $17.88 million
The largest redevelopment site in Seven Hills to be offered to the market this year has sold for $17.88 million, following a competitive campaign that attracted multiple developers eager for opportunities in the tightly held precinct.
Boutique developer Sky Grand Holding – which is completing a business park in Auburn with units ranging from 849-1980 sqm - secured the 1.14ha site at 120-122 Station Road.
The deal, which was facilitated by Parkside Commercial South Western Sydney’s Jon Orsborn and Matt Keeping, reflects a square metre land rate of $1,570psm.
REVESBY - $16 million
Colliers, in conjunction with Parkside Commercial, has sold 47–49 Marigold Street, Revesby, for $16 million on behalf of H Dallas Holdings Pty Ltd. The 3,816 sqm building on a 5,748 sqm site was acquired by Golden Palm Holdings Pty Ltd, which will relocate its manufacturing operations into the fully functional facility.
The on-market EOI campaign generated over 150 enquiries, numerous inspections, and multiple strong offers, highlighting demand for turnkey industrial assets in the Revesby-Milperra corridor.
Colliers’ Angus Urquhart and Hamish Miles said the existing infrastructure made the site ideal for manufacturers seeking scale with minimal disruption. Parkside Commercial’s Jon Orsborn added that the result reflects a strong appetite for low site coverage, high-power assets in Sydney’s inner southwest.
Victoria
MELBOURNE - $9.95 million
Fitzroys has sold 370 Little Bourke Street, known as Niagara House, for $9.95 million at auction, marking the first time the six-level CBD freehold had been offered in 27 years. The 1,330 sqm building is fully leased, anchored by ASX-listed MacPac, and attracted over 100 enquiries.
The campaign generated competitive bidding from six parties, with a local investor securing the asset. The sale reflected a sharp 3.9% net yield and a record $30,243 per sqm land rate.
Agents Lewis Waddell, Mark Talbot, and Ben Liu said the result highlights renewed confidence in Melbourne’s CBD, driven by strong tenant demand, bustling pedestrian traffic, and the property’s value-add and strata-titled potential.
ROSEBUD - $8.83 million
A landmark sale has been completed with 2-4 Henry Wilson Drive, Rosebud, transacting for $8.83 million to a national retail group, setting a record land rate for the suburb’s industrial sector and a new benchmark for the wider Mornington Peninsula market.
The four-week Expressions of Interest campaign, jointly managed by Cameron and Gorman Commercial, generated more than 30 qualified enquiries and eight competitive offers, reflecting the scarcity of large-format industrial land with prime exposure and direct access to the Mornington Peninsula Freeway.
The 9,673 sqm Industrial 3-zoned site includes a 2,042 sqm clear-span warehouse, office, and showroom, and its prominent corner position underscores the buyer’s confidence in the Peninsula’s industrial market. The transaction is expected to influence future land valuations and reinforce the strength of demand for high-profile industrial holdings in the region.
Queensland
WARWICK - $8.65 million
Warwick Home & Co Large Format Retail Centre has sold for $8.65 million to a private investor after a highly competitive Expressions of Interest campaign led by Colliers’ Harry Dever, James Wilson, and Marlon Crawford. The fully leased, nationally tenanted asset attracted over 260 enquiries and multiple offers, reflecting the strong appetite for quality retail investments in Queensland’s regions.
Situated at 26 Palmerin Street on a 4,226 sqm site, the 2,522 sqm centre has been transformed from a former Bunnings into a modern retail hub, anchored by Repco and Choice The Discount Store. Its secure tenant profile and prominent positioning along Warwick’s main thoroughfare underpinned investor demand.
The deal marks Colliers’ second major LFR transaction in the Southern Downs in 12 months, following Warwick Home & Life’s $11.8 million sale. With over $2 billion in regional infrastructure and development underway, and trade area retail spending forecast to grow 57% by 2041, Warwick continues to demonstrate long-term resilience and growth potential.
Warwick Home & Co Large Format Retail Centre has sold for $8.65 million to a private investor after a highly competitive Expressions of Interest campaign led by Colliers’ Harry Dever, James Wilson, and Marlon Crawford. The fully leased, nationally tenanted asset attracted over 260 enquiries and multiple offers, reflecting the strong appetite for quality retail investments in Queensland’s regions.
Situated at 26 Palmerin Street on a 4,226 sqm site, the 2,522 sqm centre has been transformed from a former Bunnings into a modern retail hub, anchored by Repco and Choice The Discount Store. Its secure tenant profile and prominent positioning along Warwick’s main thoroughfare underpinned investor demand.
The deal marks Colliers’ second major LFR transaction in the Southern Downs in 12 months, following Warwick Home & Life’s $11.8 million sale. With over $2 billion in regional infrastructure and development underway, and trade area retail spending forecast to grow 57% by 2041, Warwick continues to demonstrate long-term resilience and growth potential.
