New South Wales
ST IVES – $450 million
St Ives Shopping Village has sold for $450 million to Iris Capital, marking the largest neighbourhood shopping centre transaction in Australian history.
The dominant North Shore retail asset, home to 100+ tenants, has transitioned from over 40 years of private family ownership, underscoring continued demand for high-quality, supermarket-anchored centres.
The transaction was exclusively brokered by Lachlan MacGillivray of Colliers.
BANKSTOWN – $54 million
The South Terrace Hotel in Bankstown has sold for $54 million to Oscars Group, highlighting continued momentum in Australia’s pub sector.
The asset, set on a 2,100sqm site, was acquired from Redcape Hospitality and features a sports bar, beer garden and gaming facilities.
The transaction was brokered by John Musca and Ben McDonald of JLL Hotels & Hospitality Group.
CROWS NEST – $3.9 million
A two-storey commercial building at 102 Alexander Street, Crows Nest has sold off-market for $3.9 million, reflecting strong owner-occupier demand in well-connected urban precincts.
The sale achieved a land rate of approximately $16,667/sqm and a ~2.9% yield, with the purchaser attracted to both short-term income and future occupation potential.
The deal was negotiated by Oliver Rafferty, Linus Lifson and Tom Appleby of Colliers.
Victoria
MELBOURNE – $167 million
A premium CBD office asset at 31 Queen Street, Melbourne has sold for $167 million, highlighting strong investor demand for high-quality office assets.
The campaign generated 13 bids from a broad mix of private, institutional and offshore groups, reflecting continued confidence in Melbourne’s core office market.
The transaction was managed by Nick Rathgeber, Leigh Melbourne, Mark Hansen and Josh Cullen of Cushman & Wakefield.
HAWTHORN – $8 million
A luxury penthouse within Kooyongkoot, Hawthorn has sold for $8 million, marking one of the highest apartment sales recorded in the suburb.
The three-bedroom, multi-level residence spans approximately 577sqm total area, featuring expansive indoor and outdoor living including a rooftop pool.
The project was developed by PQD and designed by Cera Stribley.
NORTH GEELONG – $5.72 million
A large-format retail asset at 312 Melbourne Road, North Geelong has sold off-market for $5.723 million, reflecting a 5.24% yield amid tightening supply in the sector.
The 3,144sqm freehold site is fully leased to Sydney Tools, highlighting continued demand for well-located assets with strong tenant covenants.
The sale was negotiated by Ned Tansey and Chris Nanni of Colliers.
Queensland
Harristown, Narangba and Coolum Beach Portfolio – $43 million
Ascot Capital has acquired a three-asset industrial portfolio from Wagners Holding Company for $43 million, reflecting strong demand for long-income industrial investments.
The portfolio spans Harristown, Narangba and Coolum Beach, with a combined ~59,000sqm landholding and a ~15-year WALE, fully leased to ASX-listed Wagners on triple net leases.
The transaction was negotiated by Morgan Ruig and Jonathan O’Brien of Cushman & Wakefield, alongside Anthony White of Burcott Road Property Advisory.
MACKAY – $15.1 million
An industrial facility at 33–41 Diesel Drive, Paget has sold for $15.1 million in an off-market transaction, reflecting growing investor demand for high-spec regional industrial assets.
The 3,052sqm facility on a 9,831sqm site is fully leased to IMS Engineering through to 2031, offering secure, inflation-linked income.
The deal was negotiated by Deniz Mete of Knight Frank.
Western Australia
PERTH – $25 million
A major CBD development site at 18–28 Telethon Avenue, Perth has sold for $25 million to Sirona Urban, marking another significant transaction within the Kings Square precinct.
The 3,334sqm site is earmarked for a 33-storey student accommodation tower (854 beds), reinforcing continued momentum in Perth’s city-shaping development pipeline.
The deal was negotiated by Jim Tsagalis of Lease Equity.
SOUTHWARK (ADELAIDE) – $15 million
A significant inner-city site at 79 Port Road, Southwark has sold for $15 million, highlighting strong demand for large-scale development opportunities near the Adelaide CBD.
The 6,968sqm site, improved by office and warehouse space, offers Urban Corridor zoning supporting development up to eight storeys (STCA).
The sale was negotiated by Yee Ng, James Juers and Simon Lambert of McGees Property.
