Victoria
TRUGANINA - $180 million
A major logistics facility at 725 Boundary Road, Truganina has sold for $180 million, marking one of Melbourne’s largest industrial transactions of the year.
The large-scale asset, located in a core western logistics precinct, highlights continued institutional demand for prime, well-connected industrial property.
The deal was negotiated by Nick Saunders and Hugh Gilbert of Colliers.
SOUTH MELBOURNE - $25 million
A residential development site at 214–220 & 222–226 Park Street, South Melbourne has sold for circa $25 million in a competitive off-market campaign.
The consolidated inner-city holding attracted 10+ active groups, highlighting strong demand for premium apartment development opportunities in Melbourne’s city fringe.
The deal was negotiated by Jozef Dickinson, Tim Storey, Philip Heberling and Aaron Choong of Colliers.
BALLARAT - $9 million
More than 6.6 hectares of industrial land within the Ballarat West Employment Zone (BWEZ) has sold across four transactions totalling over $9 million.
The sites, spanning Discovery Road and Assembly Avenue, were acquired by a mix of industrial occupiers, highlighting strong demand for strategically located regional land.
The deals were negotiated by Nathan Edgar and Chris Bolsin of Knight Frank.
North Melbourne - $4.5 million
The Rail, Tram and Bus Industry Union Victorian division has purchased a renovated office at 15–19 Gracie Street, North Melbourne for $4.5 million, as it prepares to relocate its headquarters within Melbourne’s inner north.
The dual-title holding, which also includes an open-air car park at 11 Gracie Street, comprises 832sqm of office space over two levels on a 1,068sqm site, with a total of 16 parking bays. The Special Use-zoned property sits opposite Clayton Reserve in the heart of the Arden urban renewal precinct.
The union will relocate from the ACTU Building at 365 Queen Street, with the deal brokered by CVA’s Ian Angelico, Matt Knox and Craig McKellar.
WARRNAMBOOL, VIC – Price undisclosed
The former Star of the Sea school site at 42 Canterbury Road, Warrnambool has sold to a Melbourne-based developer following a competitive campaign.
The 14,634sqm corner landholding, just 600m from the CBD, attracted six offers, highlighting strong demand for large-scale regional development sites.
The deal was negotiated by David Napoleone of CBRE and Mark Dwyer of Ludeman Real Estate.
Queensland
SURFERS PARADISE - Undisclosed
The landmark Paradise Centre and Novotel Surfers Paradise have sold for a combined $346.5 million, marking Queensland’s largest mixed-use hotel and retail transaction on record.
The 2.3-hectare beachfront precinct, anchored by Woolworths and comprising a major retail and entertainment centre alongside a 408-room hotel, attracted strong international and domestic interest.
The deal was negotiated by Sam Hatcher, Nick Willis, Adam Bury and Peter Harper of JLL, in conjunction with Sam McVay and Dan McVay of McVay Real Estate
WOOLLOONGABBA - $21 million
A inner-city development site at 109 Logan Road, Woolloongabba has sold for $21 million, highlighting strong demand for well-located Brisbane sites.
The corner property, with approval for 203 apartments and potential for up to 36 storeys, attracted competitive interest from developers seeking scale and future upside.
The deal was negotiated by Nick Wedge and Will Carman of CBRE, alongside Tim Jones and Vaughn Smart of Chesters.
New South Wales
NEWTOWN - Undisclosed
The Carlisle Castle Hotel in Newtown has sold, ending over 60 years of family ownership, with Universal Hotels securing the iconic inner-city pub.
Situated on a 568sqm corner site, the two-storey venue includes bars, accommodation, gaming and retail components, attracting strong interest from local and interstate buyers.
The deal was negotiated by Leonard Bongiovanni and Tom Cullen of MQ & Associates.
