New South Wales
DARLING HARBOUR – $390 million
The Novotel Sydney Darling Harbour and Ibis Sydney Darling Harbour hotel complex has sold for $390 million, with Abu Dhabi Investment Authority (ADIA) offloading the twin assets to private investment firm Wentworth Capital.
The portfolio comprises the 525-room Novotel and the adjoining 256-room Ibis, totalling 781 rooms across a prime 1.5-hectare waterfront holding.
The landmark transaction, one of Sydney’s largest hotel deals since the pandemic, marks the end of ADIA’s five-year divestment process and reflects renewed institutional confidence in Australia’s rebounding hospitality sector.
NEWTOWN – $117 million
The RPAH Medical Centre at 100 Carillon Avenue, Newtown has sold for $117 million to fund managers April Group and MaxCap. The 7,231sqm purpose-built medical facility, located next to Royal Prince Alfred Hospital and the University of Sydney, traded on an initial passing yield of around 6.75%.
The sale was brokered by JLL’s Simon Quinn, Thomas Thorsen, Kate Low and James Barber in conjunction with Adrian Bokolis of Savills.
BEXLEY – $9.85 million
The Bluebird Early Education freehold at 12–14 Preddy’s Road, Bexley has sold for $9.85 million at a 4.72% yield just 24 hours after hitting the market. The 1,611sqm site features a recently refurbished 91-place childcare centre and is underpinned by a brand new 15-year net lease to 2041 with options extending to 2071.
The sale was negotiated by Stonebridge Property Group’s Tom Moreland, Michael Collins and Brett O’Neill, with the premium childcare asset attracting strong private investor interest due to its secure long-term income and metro Sydney location.
PORT MACQUARIE – $17.75 million
Annerley Group has acquired the freehold interest of the 107-bed aged care facility at 1 Highfields Circuit, Port Macquarie, marking one of the first notable freehold aged care transactions in recent years. The purpose-built asset, completed in 2022, is leased to operator Genbridge on a 30-year triple net lease with four 10-year options, providing long-term income security for the buyer.
The off-market sale was negotiated by CBRE’s healthcare and social infrastructure team of Marcello Caspani-Muto, Sandro Peluso and Jimmy Tat on behalf of the private developers and landlords.
Victoria
WINDSOR – $40 million
The 1.89-hectare former Presentation College site in Windsor has sold to Pace Development Group for around $40 million, concluding one of Melbourne’s most closely watched development campaigns. The landmark inner-city site had been owned by Presentation Association Victoria for more than 150 years and attracted strong interest from developers, schools and retirement operators.
The transaction was managed by Colliers’ Jozef Dickinson, John Marasco and Philip Heberling, with Pace planning a staged residential redevelopment of the historic site.
PATTERSON LAKES – $5 million
A prized Ampol service station at 2–14 Thompson Road, Patterson Lakes has sold for $5 million on a 5.52% yield ahead of auction, reflecting strong investor demand for fuel and convenience retail assets.
The 2,234sqm corner freehold is leased to global fuel and convenience retailer EG Group on a renewed 10-year lease to 2034, with options extending to 2054. The sale was negotiated by CBRE’s Raoul Holderhead, Rick Jacobson and Sam Mercuri in conjunction with John Camilleri of Killen Thomas.
ARMADALE – $5.3 million
A landmark mixed-use freehold at 1203–1205 High Street, Armadale has sold for $5.3 million following a competitive private tender campaign.
The two-level investment, leased to Small Wins Café and Endota Spa, attracted strong local and offshore interest in one of Melbourne’s most tightly held retail precincts. The sale was negotiated by Gross Waddell ICR’s Alex Ham and Michael Gross.
DROMANA – $2.9 million
A warehouse at 3 June Avenue, Dromana has sold for $2.9 million following a competitive Expressions of Interest campaign that generated 110 enquiries. The 1,105sqm industrial facility sits on a 2,044sqm landholding and was acquired by an interstate investor.
The sale was negotiated by Paul Jones and Mimi Hoang of Jones Real Estate, highlighting continued demand for well-located industrial assets across the Mornington Peninsula.
Queensland
NINGI – $8.7 million
A 7-Eleven anchored convenience centre and adjoining residential property in Ningi has sold for a combined $8.7 million, with the retail centre achieving $7.7 million and the neighbouring house $1 million.The prominent corner site spans 10,886sqm with 258 metres of road frontage and exposure to more than 175,000 vehicles per week.
The sale was negotiated by CBRE’s Josh Scapolan and Tom Lawrence, with Brisbane-based developer Griffith Group securing the asset for its secure national tenancy and future development potential.
