Western Australia
BUTLER - $25.3 million
Purchaser depth for the Neighbourhood Shopping Centre sector is growing with increasing activity from Syndicators. Colliers leveraged its national Retail Middle Markets platform to connect capital, which ultimately secured the successful sale of Brighton Village to Trilogy Funds for $25.3 million on behalf of valued client ISPT. The transaction was managed by Colliers’ James Wilson and Richard Cash.
Trilogy Funds Head of Direct Property, Laurence Parisi, noted that the acquisition of Brighton Village is a compelling seed asset for the newly launched Trilogy Essential Retail Fund.
Anchored by a high-performing Coles on a rare 20-year lease with additional tenant options, the acquisition by an Eastern Seaboard syndicator underscores the sustained demand for neighbourhood retail centres. The centre offered a compelling investment profile, with average specialty rents currently 50% below the Urbis benchmark, presenting significant reversionary potential. Fully leased, with 88% of gross income and gross lettable area (GLA) secured by national tenants, the asset provides strong covenant strength.
Victoria
HOPPERS CROSSING - $9.2 million
In a standout result for Melbourne’s industrial property market, four prime industrial lots at 55–59 and 71–73 Elm Park Drive, Hoppers Crossing have sold for a combined $9.2 million following a highly successful Expressions of Interest (EOI) campaign that concluded within just four weeks.
CBRE’s Cameron Giles and Lachlan May managed the EOI campaign and sale of the lots, which had a total combined area of 10,510sqm.
The campaign attracted strong interest from both local and interstate buyers, ultimately resulting in a diverse mix of purchasers. Two lots were acquired by a local owner-occupier, while the remaining two were picked up by an interstate owner-occupier and a local developer, respectively.
DANDENONG SOUTH - $2.45 million
Melbourne-based commercial property agency GrayJohnson has successfully completed the off-market sale of a prime industrial property at 26–28 Greens Road, Dandenong South, achieving a strong result of $2,450,000.
The property, comprising a land area of approximately 2,291sqm, was sold directly to the sitting tenant. While originally slated for release to the open market, the tenant was given the first opportunity and moved decisively to secure the asset within just two weeks of private negotiations.
GrayJohnson Director, Matt Hoath, said the result highlights both the depth of demand for well-located industrial assets in Melbourne’s south-east and the growing trend of tenants and adjoining owners paying premiums to secure strategic holdings.
WEST FOOTSCRAY - $2.375 million
Charlie Hicks, Domenic Sgambellone and John Nockles of CVA have just sold a prime industrial parcel at 5/19-23 Paramount Road, West Footscray, for $2,375,000, exceeding the vendor’s expectations. The campaign was wrapped up on deadline day, with two formal offers presented on contract and 22 registered enquiries over a 4-week campaign.
Totalling 3,893 sqm of land with 355 sqm of existing building, the Industrial 1-zoned site was snapped up by a local owner-occupier looking to secure a long-term foothold in Melbourne’s west. The site’s strategic connectivity to key freight and arterial links, including Tottenham Station, Geelong Road, the West Gate and Ballarat Road, was a major drawcard.
Neighbouring cutting-edge developments like NEXTDC’s Melbourne Data Centre and Yard 3012 continue to signal West Footscray’s transformation into a new industrial and tech precinct, adding serious heat to demand for industrial land in the area.
MELBOURNE CBD - $1.025 million
Jones Real Estate has successfully transacted Suite 101 within the prestigious ‘The Edition’ building at 517 Flinders Lane, Melbourne, achieving $1,025,000 via private sale. The premium 197 sqm* office was acquired by a local owner-occupier following strong enquiry from professional service groups seeking high-quality CBD headquarters.
Positioned in the heart of Melbourne’s legal and commercial precinct, the property boasts a modern open-plan layout with private offices, conference facilities and abundant natural light. ‘The Edition’ also offers exclusive amenities including a rooftop tennis court, sauna and end-of-trip facilities, while being surrounded by premium dining, retail and entertainment establishments.
Luke Peric, Senior Manager at Jones Real Estate, said the sale reflected the enduring appeal of high-calibre boutique office assets in the CBD, particularly those offering premium amenity and exceptional connectivity to major transport and arterial links.
Queensland
MILTON - $19 million
The Queensland headquarters of the Red Cross has been sold for $19 million following a sales campaign that yielded strong buyer interest.
The four-level medical office building at 49 Park Road in Milton, also known as ‘Humanity Place’, occupies an elevated 1,902 sqm corner site, has 2,475 sqm of net lettable area and 66 secure car bays.
Red Cross provides community health, disaster recovery management, first aid and administration from the site, attracted by its central location to public transport for staff, arterial road accessibility and elevated geography located above the 2011 and 2022 flood lines.
The property, which is 100% occupied, is also tenanted by national cardiology group Advara Heartcare and CDI lawyers.
It was sold following an Expressions of Interest campaign run by Knight Frank agents Sam Biggins, Blake Goddard and Matt Barker.
BERRINBA CENTRAL - $13.8 million
An interstate investor has snapped up a landmark essential services investment at Berrinba Central for $13.8 million.
Burgess Rawson from CBRE's Yosh Mendis and Josh Scapolan handled the sale.
Located at 5-7 Peter Way, the newly constructed, high-specification centre represents a textbook example of a defensive investment within significant growth corridor.
Completed in 2023 by Deluca Corporation, the 2,260 sqm multi-level complex boasts modern, state-of-the-art facilities and is situated on a prominent 3,157 sqm corner site within the thriving Berrinba Central retail precinct. The property is underpinned by a diverse and resilient tenant mix, including the Queensland Government, Oxanda Education (Childcare), Lifeline (Uniting Church), and Little Snappers Swim School.
NORTH LAKES - $10.5 million
The recently developed North Lakes medical centre at 26 Torres Crescent, North Lakes, has been sold to an investor for $10.5 million prior to its scheduled auction.
This fully leased, multi-tenanted medical centre achieved a 5.84% yield, highlighting the strong demand for healthcare assets in Queensland’s rapidly growing regions.
The sale was facilitated by Josh Scapolon of Burgess Rawson from CBRE, in conjunction with CBRE's Nick Wedge and Jack Morrison.
The single-level, purpose-built facility, completed in 2022, offers a total floor area of 1,153 square metres on a 2,828 sqm land parcel. It is fully leased to United Medical Centres (UMC) and RAR Therapy, two of Australia’s leading primary and secondary healthcare providers.
BRISBANE - $2.4 million
A strata office floor in Brisbane’s Golden Triangle precinct has sold for $2,400,000 to a local investor, in a tightly contested campaign, achieving the strongest yield recorded for a CBD strata investment since 2020.
Located on Level 2 of the River Quarter building at 46 Edward Street, the 434 sqm whole-floor office was sold via an Expressions of Interest campaign managed by Tony Wang of Colliers and Andrew Adnam of AGA Commercial on behalf of an interstate investor. The campaign generated 42 enquiries, 8 inspections and 4 formal offers over five weeks, underscoring the demand for high-quality, income-secure assets in Brisbane’s core precincts.
Purpose-built as a medical tenancy, the property is fully leased to a national medical group, which has occupied the space since 2015 and recently renewed for another five years. It also includes four secure basement car parks and a 36 sqm storage room — features rarely seen in strata office offerings in the Brisbane CBD.
