Case studies

 

Some snapshots of notable major real estate sales achieved for our clients including retail, hotel, commercial, alternatives, and fund throughs.

Retail

Cherrybrook Village

CHERRYBROOK, NSW

  • RECORD
  • 43% above book value.
    Highest rate per square metre achieved for a Sydney Metropolitan Neighbourhood Shopping Centre.
  • VENDOR
  • Mirvac Group
  • PURCHASER
  • SLMC Property Australia Pty Ltd
  • SALE PRICE
  • $132,800,000
  • PRICING METRICS
  • Passing Yield - 4.86%

MidCity Centre, Pitt Street Mall

SYDNEY, NSW

  • Record
  • Australia’s highest rate psqm achieved for a major retail transaction
  • sector
  • Retail
  • Vendor
  • Fortius Funds Management
  • purchaser
  • Undisclosed Private Investor
  • Sale price
  • $320,000,000 (75%)
  • PRICING METRICS
  • Passing Yield - 4.7%
    Capital Value psqm - $45,265

Rundle Place

Adelaide, SA

  • Record Set
  • Australia’s largest shopping centre transaction for 2020.
    Highest rate per square metre achieved for a major retail asset in the Adelaide CBD.
  • Vendor
  • Blackstone / 151
  • Sale Price
  • $210,200,000
  • Pricing Metrics
  • Passing Yield - 5.5%
    Capital Value psqm - $9,034

Gasworks

BRISBANE, QLD

  • Record Set
  • The highest rate psqm achieved for a major non-CBD retail asset
  • Vendor
  • Aveo
  • Sale Price
  • $248,400,000
  • Pricing Metrics
  • Passing Yield - 5.5% (~4.5% for the retail)
    Capital Value psqm - $13,253 (~$19,000 for the retail)
Hotels

Pullman Melbourne on the Park

Melbourne, VIC

  • Record Set
  • Australia’s largest single asset hotel transaction in 2018
  • Vendor
  • Brookfield Asset Management
  • Sale price
  • $155,800,000
  • PRICING METRICS
  • Passing Yield - 5.3%

Sheraton Noosa

NOOSA, QLD

  • Record Set
  • The highest rate per key achieved outside of a CBD in Australia
  • Vendor
  • Blackstone | 151 Property
  • PURCHASER
  • Karedis | Laundy Families
  • SALE PRICE
  • $108,000,000
  • PRICING METRICS
  • Passing Yield - 6.26%
    Rate per key - $613,363

Four Seasons Hotel

SYDNEY, NSW

  • Record Set
  • The highest rate per key achieved in Australia at the time of sale
  • Vendor
  • Eureka Funds Management
  • PURCHASER
  • Mirae Asset Management
  • Sale Price
  • $340,000,000
  • Pricing Metrics
  • Passing Yield - 5.67%
    Rate Per Key - $640,000
Commercial

North Tower

MELBOURNE, VIC

  • VENDOR
  • QIC Global Real Estate
  • SALE PRICE
  • $1.5 Billion
  • PRICING METRICS
  • RECORD SET

80 Collins Street

Melbourne, VIC

  • Vendor
  • QIC Global Real Estate
  • Purchaser
  • Dexus / DWPR
  • Sale Price
  • $1,500,000,000

Grosvenor Place

Sydney, NSW

  • Vendor
  • Dexus
  • Purchaser
  • China Investment Corporation
  • Sale Price
  • $925,000,000
  • Notes
  • 50% share purchased

MLC

Sydney, NSW

  • Vendor
  • GPT Group
  • purchaser
  • Dexus/DWPR
  • Sale Price
  • $722,000,000
  • NOTES
  • 50% share purchased
Alternatives

D’Albora Marina Portfolio

Australia

  • Record Set
  • Australia’s largest marina portfolio sale
  • Vendor
  • Ardent Leisure
  • Sale price
  • $126,000,000
  • SALE METRICS
  • Estimated passing yield (pre capex) - 9.0%
    Price per Berth - $93,072 (ex moorings)

Entertainment Quarter

Sydney, NSW

  • Sale Price
  • $80,000,000
  • Commentary
  • Achieved unconditional pricing 36% above book within 9 weeks from campaign commencement

Sydney Opera House Car Park

Sydney, NSW

  • Notable Commentary
  • Australia’s most iconic car park
  • Vendor
  • KordaMentha
  • Sale Price
  • $80,000,000
Portfolio

Home Hubs

Castle Hill and Marsden Park, NSW

  • RECORD SET
  • The sale represented the tightest passing yield achieved on a large format retail centre in Australia.
  • VENDOR
  • LaSalle Australia Club Investments
  • PURCHASER
  • Aventus Retail Property Fund
  • SALE PRICE
  • $436,000,000

Travelodge Portfolio

Australia

  • Record Set
  • The largest hotel portfolio ever offered to market in Australia. Largest hotel transaction ever completed in Australia.
  • Vendor
  • Mirvac and NRMA
  • Sale Price
  • $620,000,000
  • Commentary
  • Includes ownership of the Travelodge Hotels brand in Australia and New Zealand

D’Albora Marina Portfolio

Australia

  • Record Set
  • Australia’s largest marina portfolio sale
  • Vendor
  • Ardent Leisure
  • Sale price
  • $126,000,000
  • SALE METRICS
  • Estimated passing yield (pre capex) - 9.0%
    Price per Berth - $93,072 (ex moorings)
Fund Throughs

Quay Quarter Tower (33%)

SYDNEY, NSW

  • VENDOR
  • AMP
  • SALE PRICE
  • $912 Million
  • RECORD SET

Wynyard Place (50%) + (25%)

SYDNEY, NSW

  • VENDOR
  • Brookfield
  • SALE PRICE
  • $1.45 Billion
  • RECORD SET

North Tower

MELBOURNE, VIC

  • VENDOR
  • QIC Global Real Estate
  • SALE PRICE
  • $1.5 Billion
  • PRICING METRICS
  • RECORD SET