New South Wales
ST MARY'S - $145 million
PGIM Real Estate and Cadence Property Group have partnered to acquire the St Mary’s Intermodal Terminal, a key last-mile logistics asset in Western Sydney. This deal marks their first collaboration and demonstrates their ability to manage complex industrial transactions.
The AU$145 million site, purchased from Pacific National, is located at 2 Forrester Road, St Mary’s. It spans 157,669 sqm, with 95,940 sqm of Gross Lettable Area, a 1.5 km rail spur, and plans for a 20,000 sqm hardstand expansion.
A new 20-year lease has been signed with existing tenant ACFS Port Logistics, securing long-term income.
CBRE’s Jason Edge, Cameron Grier, and John Micallef handled the sale for the vendor.
AUSTRAL - $119.5 million
Castle Group has acquired a 41.32-hectare landholding in Austral, southwestern Sydney, for $119.5 million, with plans to build 550 homes. The site sits within the Western Sydney Parklands and is just 7.5 kilometres from the soon-to-open Western Sydney Airport.
This marks Castle Group’s seventh acquisition in the region and significantly expands its footprint, doubling its development pipeline in southwestern Sydney to over 1,000 homes. The purchase highlights the growing interest in areas surrounding major infrastructure projects like the new airport.
The site was rezoned R2 low-density residential in 2013, allowing for 13.3 homes per hectare. Urban planning expert Professor Nicole Gurran noted that low-density housing remains more financially viable amid ongoing challenges such as high construction costs and elevated interest rates.
The deal was managed by Colliers' Joe Sacco, in conjunction with Oliveri Capital's Frank Oliveri.
MONTMORENCY - $7.5 million
CBRE has announced the sale of 59-61 Para Road, Montmorency, achieving a yield close to 5.5%.
Since 2017, CBRE’s Australian Healthcare and Social Infrastructure team has handled 95% of all Nino Early Learning Centre transactions—16 out of 17 in total. Their consistent performance reflects deep sector expertise and strong buyer networks. A complete record of these transactions is available in the appendix.
The Montmorency property was sold via an expressions of interest campaign, led by Sandro Peluso, Marcello Caspani-Muto, and Jimmy Tat. It was acquired by Singaporean investors based in NSW. The centre is nearly five years old, with close to a decade remaining on its initial lease term.
Queensland
BRENDALE - $23 million
Industrial land in Brisbane’s north remains in high demand, highlighted by the $23 million sale of a Brendale site through a competitive off-market process. The deal reflects continued pressure on inner-north land supply.
The 49,380 sqm parcel at 181 South Pine Road was sold unconditionally to an owner-occupier planning to expand operations. At $466 per sqm, the price aligns with current market rates for raw industrial land of this scale. In contrast, fully prepared lots between 1–5 hectares have been selling from $750 to $950 per sqm, depending on location and exposure.
Cushman & Wakefield’s Morgan Ruig, Mitch Taulelei, and Myles Fredericksen managed the sale.
DEAGON - $11 million
A high-net-worth private investor has acquired South East Queensland’s prominent Deagon Travel Centre for $11 million.
The pre-market sale of the Deagon retail convenience asset was brokered by CBRE’s Harrison Coburn on behalf of Firefly Property.
The sale price reflects an initial yield of 6.23%.
CBRE was exclusively appointed to market the property in April but introduced the buyer prior to the commencement of the campaign.
Located at 11 Depot Road, Deagon Travel Centre is secured by Hungry Jacks, Pearl Energy Service Station and a car wash facility, representing a long 7.1-year WALE (by income).
Victoria
NORTH GEELONG - $8.5 million
A significant property at 340-344 Melbourne Road, North Geelong, has been successfully sold off-market for $8,500,000 in a deal managed by Colliers agent Chris Nanni. This vacant property features a 4,750sqm showroom on a 5,560sqm land area.
Known as the "Old Rays Outdoors" site, this high-profile asset offered a rare chance to acquire a substantial site on Melbourne Road, a busy corner location with unique left-in and right-in access, perfect for large format retail.
The purchaser engaged Colliers to lease the large format retail space, successfully securing several compelling offers from high-profile national tenants to take 100% occupancy of the site later this year, ensuring the investment returns for the purchaser are low risk and highly compelling.
Western Australia
WILLETTON - $5.3 million
A fully leased local neighbourhood centre in Perth’s south has sold for $5.3 million in an off-market deal, demonstrating ongoing demand for retail property.
The property, known as the Rostrata 7 Day Centre, situated at 46-48 Rostrata Avenue in Willetton, was purchased by Alliance (WA) Pty Ltd, a local family group, from Bannatyne Holdings Pty Ltd in a deal negotiated by Jonathan Wong and Tony Delich of Knight Frank.
The centre has nine retail tenancies, including an IGA and bottle shop. It is currently fully leased, however, the IGA and bottle shop businesses are owner-operated and are included in the sale.
The property has around 25% site coverage, with 977sq m of net lettable area on the 4,001sq m site and 70 car parks. It has a fully leased net income of $361,511 per annum.
