New South Wales
ARMIDALE – part of $250.3 million portfolio
Charter Hall has acquired Armidale Central in Northern NSW as part of a $250.3 million sub-regional retail portfolio purchase from Vicinity Centres, with the off-market campaign managed by CBRE’s Simon Rooney. Occupying a prominent 24,370sqm CBD site, the centre is anchored by Woolworths and Kmart and spans 14,512 sqm of GLA. Its strong national tenancy profile and convenience-led income stream highlight ongoing investor demand for dominant regional retail assets.
SYDNEY – $195 million
OUE REIT has acquired a 19.9% interest in Salesforce Tower at 180 George Street, Circular Quay, from Mitsubishi Estate at an agreed property value of $357.2 million, with a net purchase consideration of $195.5 million. The acquisition reflects an initial passing yield of 5.8% and is expected to deliver 0.9% DPU accretion on a pro forma basis.
The 55-storey premium-grade tower is 99.2% occupied with a 5.5-year WALE, anchored by tenants including Salesforce, TikTok and JLL. The deal was brokered by CBRE’s Flint Davidson, Stuart McCann and James Parry on behalf of Mitsubishi Estate, highlighting continued global capital appetite for Sydney CBD core assets.
MOSS VALE – $12.95 million
A premium IGA-anchored neighbourhood centre at 11–13 Clarence Street, Moss Vale has sold off-market for $12,995,000, reflecting a 6.25% yield and a record land rate of around $4,180 per sqm for a freestanding IGA in NSW. The 3,110sqm town centre site marks one of the Southern Highlands’ most significant recent retail transactions.
The sale was negotiated by CBRE’s Justin Kramersh, with the Sydney-based private investor attracted to the renewed 15-year IGA lease backed by Metcash and the secure Australia Post tenancy.
Queensland
AIRLIE BEACH & GYMPIE – part of $250.3 million portfolio
Charter Hall has acquired Whitsunday Plaza in Airlie Beach and Gympie Central on the Sunshine Coast as part of a $250.3 million sub-regional retail portfolio purchase from Vicinity Centres. The off-market campaign was exclusively managed by CBRE’s Simon Rooney.
Both centres are anchored by Woolworths and Big W, delivering strong supermarket productivity and fixed annual rental growth. The Queensland assets reinforce continued demand for dominant, non-discretionary retail centres in high-growth regional catchments.
GREENBANK – $15.075 million
A 39-lot ready-built subdivision at 169–187 Teviot Road, Greenbank has sold for $15.075 million to national developer Metro following a competitive EOI campaign that generated 170 enquiries and 19 offers. The 2.0ha site, with roads and services complete, will deliver at least 39 new homes to market in Brisbane’s high-growth Logan corridor. The sale was managed by Colliers’ Adam Rubie and Troy Linnane on behalf of Fort Restructuring as Agent for Mortgagee in Possession, underscoring strong demand for development-ready housing projects across South East Queensland.
MOOROOKA – $5.5 million
Colliers has secured a $5.5 million off-market sale of Happy Tots Early Learning Centre at 135 Keats Street, Moorooka. The transaction was handled by Tony Wang, Sam Quintner and Heath Wakeham. The near-new, 75-place centre sold for $73,333 per licensed place, ranking among Queensland’s stronger childcare results this year.
Completed in 2021 on a 1,109 sqm site, the asset was sold with both the freehold and business to a private Brisbane operator, reflecting continued demand for modern childcare investments in middle-ring suburbs.
TOWNSVILLE – $2.3 million
POA has acquired 221–229 Sturt Street, Townsville for $2.3 million plus GST, with plans to convert the vacant CBD building into its Townsville headquarters. The off-market sale was negotiated by Knight Frank’s Dan Place and Mark Fitzgerald.The 975 sqm character office sits on a 1,012sqm site and was previously occupied by SafetyCulture. POA’s move will bring more than 40 staff into the city centre, supporting ongoing revitalisation of the Townsville CBD.
South Australia
ADELAIDE – $42.4 million
A five-level A-grade office building at 75 Hindmarsh Square has sold off-market for $42.4 million on a circa 6.25% yield, marking Adelaide’s first major office transaction of 2026. The asset was acquired by a local private investor from Harmony Property Investments at a near 5% premium to its 2020 sale price. The 4,626sqm building, 100% leased with a six-year WALE, was negotiated by Knight Frank’s Max Frohlich and Ryan Mills.
Victoria
HAWTHORN – $16.825 million
Colliers has sold 40 Burwood Road, Hawthorn for $16,825,000 to residential developer Abadeen, under instructions from Lachal Property. The campaign was managed by Alex Browne, Ben Baines, Eddie Foulkes and Jozef Dickinson. The 1,954sqm office sits on a prominent 1,300sqm corner site and attracted more than 150 enquiries and six offers. Recently earmarked for up to eight storeys under new planning controls (STCA), the park-facing site is set to be redeveloped into a premium residential project.
DANDENONG SOUTH – $10.65 million
An industrial facility at 66 Logis Boulevard, Dandenong South has sold for $10.65 million in an off-market transaction, reflecting a sharp 5.38% yield. The deal was negotiated by CBRE’s Fraser Pearce, Alex Grima and Patrick Noone. Located within the tightly held Logis Estate, the property is fully leased to Headstart International and offers secure holding income. Strong demand for premium logistics assets in Melbourne’s southeast underpinned continued competition for blue-chip, income-secure industrial investments.
MALVERN – $1.425 million
A prime retail freehold at 204 Glenferrie Road, Malvern has sold for $1.425 million under the hammer, reflecting a tight 4.5% yield and a land rate of circa $10,000 per sqm. The sale was negotiated by Fitzroys’ Tom Fisher and Lewis Waddell. The double-storey 137sqm building was offered with a new five-year lease to Homing Instincts. Strong bidding highlighted continued investor appetite for tightly held strip retail in affluent catchments, with Glenferrie Road benefiting from low vacancy and future activity centre uplift.
