Monday, 29th April 2019

New South Wales

Elanora Hotel Sold (AFR)

• Australian entrepreneur John Singleton has purchased the Elanora Hotel in East Gosford for around $25 million ($3,260/m²).

• The 7,667m² corner site was sold by the Cusick family, after more than 50 years of ownership.

Victoria

Flinders Lane Office Sold to University (SMH)

• Swinburne University has purchased the seven-storey commercial premises called Invicta House at 226-232 Flinders Lane, Melbourne, VIC 3000.

• The sale price is understood to be around $45 million ($6,942/m²) for the 6,482m² of Gross Building Area (GBA).

Williamstown Industrial Sale (SMH)

• 6,277m² of industrial space at 20 Ponting Street, Williamstown, VIC 3016 has been purchased for $4 million ($637/m²) by property developer, Maximise Group.