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Brisbane rich lister snaps up popular Noosa hotel The co-founder of a leading youth clothing business has paid $13.9m for a well-known Sunshine Coast hotel, with some of the best views in the region. Property by Chris Herde Premium Content Subscriber only A Brisbane property and retail entrepreneur has snapped up one of the Sunshine Coast's favourite pubs with arguably Noosa's best views. Sources at the auction said Greg Josephson paid $13.9m under the hammer for the two-storey Noosa Reef Hotel which sits on an expansive 5069sq m site. Based in Bri...

Fund managers spend $70m on neighbourhood malls in WA, Qld Save Share Adelaide-based investment manager FRP has struck the biggest shopping centre deal in WA this year after acquiring Woolworths-anchored Yanchep Central in Perth’s northern suburbs for $41 million. The deal adds to the weight of institutional capital targeting neighbourhood centres anchored by supermarkets and non-discretionary retailers. Woolworths-anchored Yanchep Central sold on a yield of 6.6 per cent.  The 6673 square metre centre at 2 Peony Boulevard was built in 2012. Related Quotes Advertisement Alongside a Woo...

The Reef sits on top of Noosa Hill overlooking Main Beach, Noosa North Shore and Cooloola’s Coloured Sands. It is already attracting huge domestic and overseas investor interest in the lead up to its public auction at 11am on Tuesday, April 27. The Noosa Reef Hotel is expected to draw strong investor interest when it goes to auction on April 27. Selling agent JLL Retail Investments said the 5069 sqm site with its BWS liquor outlet was “a rare opportunity to acquire a historic asset within one of the country’s most desirable locations”. The popular pub is leased to Woolwo...

For Invesco, the deal is an opportunistic exit, with the sale understood to be a considerable premium to the small mall’s book value.

Newmark adds $85m Bunnings to IPO plans Save Share Melbourne fund manager Newmark Capital has bulked up its large-format retail portfolio ahead of an ASX property float later this year, after striking a deal to acquire an $85 million Bunnings warehouse being built in the city’s north. The Australian Financial Review understands Newmark, led by former Hawthorn AFL star Chris Langford and Simon Morris, will acquire the new 18,626sq m, three-level flagship warehouse on completion in a fund-through style deal. The warehouse, being built on a 2.05 hectare island site on the high profile corne...