Richlands Home & Life, a newly built large-format retail and convenience centre in Brisbane’s south-west, has sold for $33.85 million.
7:59 PMPropertymarkets News6 stories from 2 sources
Property activity produced fresh benchmarks and leasing confidence
Day’s Recap
Supporting Articles
BGRE has secured an 11-year lease renewal with Corrs Chambers Westgarth at Brookfield Place Perth. The agreement extends a tenant relationship that began more than a decade ago.
12:37 AMPropertymarkets News
A modern office building at the intersection of Brook and Plain Streets and East Parade in East Perth has sold for $10.45 million. The property overlooks the landmark 'The Impossible Triangle' sculpture and occupies a prominent corner site.
12:24 AMPropertymarkets News7:59 PMPropertymarkets News
Richlands Home & Life Sale Delivers $33.85M Benchmark Brisbane LFR Result
Summary
Richlands Home & Life, a newly built large-format retail and convenience centre in Brisbane’s south-west, has sold for $33.85 million.
The $33.85 million transaction sets a reference point for pricing comparable large-format retail assets in
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The deal provides a fresh pricing benchmark for Brisbane’s large-format retail investment market.
12:37 AMPropertymarkets News
Corrs Recommits to Brookfield Place Perth
Summary
BGRE has secured an 11-year lease renewal with Corrs Chambers Westgarth at Brookfield Place Perth. The agreement extends a tenant relationship that began more than a decade ago.
Corrs has chosen to lock in a long-term presence rather than relocate, giving Brookfield Place
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
An 11-year renewal strengthens the building's income security and provides a positive read-through for Perth's premium office market.
12:24 AMPropertymarkets News
East Perth Office Building Sells for $10.45 Million
Summary
A modern office building at the intersection of Brook and Plain Streets and East Parade in East Perth has sold for $10.45 million. The property overlooks the landmark 'The Impossible Triangle' sculpture and occupies a prominent corner site.
The $10.45 million transaction creates a fresh valuation benchmark for a modern East Perth office
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The deal gives owners and investors a current reference point for East Perth office valuations.
Other Developments
A curated list of other prominent stories from this day.
Multiplex has completed Journal Student Living’s purpose-built student accommodation project at 100 Franklin Street in Melbourne’s CBD ahead of schedule.
9:39 PMPropertymarkets News
A landmark hospitality and entertainment venue in Brisbane’s Fortitude Valley is being offered for lease, including a large-format restaurant and rooftop bar in the precinct’s nightlife core.
8:20 PMPropertymarkets News
A homeowner is considering allowing one son to build a house costing about $400,000 on the family property, even though the land cannot be subdivided. That construction cost would equal roughly 30% of the property’s current value.
7:15 AMMarketWatch9:39 PMPropertymarkets News
Multiplex Completes Journal Student Living’s Melbourne CBD PBSA
Summary
Multiplex has completed Journal Student Living’s purpose-built student accommodation project at 100 Franklin Street in Melbourne’s CBD ahead of schedule.
The project adds completed student housing capacity to Melbourne’s central market and allows Journal Student
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Earlier completion brings new student housing supply and revenue potential to Melbourne’s CBD sooner.
8:20 PMPropertymarkets News
Heritage Fortitude Valley Venue with Rooftop Bar Offered for Lease
Summary
A landmark hospitality and entertainment venue in Brisbane’s Fortitude Valley is being offered for lease, including a large-format restaurant and rooftop bar in the precinct’s nightlife core.
The lease puts a sizeable, established hospitality asset back into the hands of the market
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
A prominent Fortitude Valley venue is available for a new operator to reshape or revive its role in Brisbane’s nightlife market.
7:15 AMMarketWatch
I have two sons. Should I allow one son to build a $400,000 house on my land?
Summary
A homeowner is considering allowing one son to build a house costing about $400,000 on the family property, even though the land cannot be subdivided. That construction cost would equal roughly 30% of the property’s current value.
The central issue is not the build cost but the ownership structure: without subdivision, the
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Building on undivided land can create a valuable home without creating clear, transferable ownership, making legal advice essential before construction begins.
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