Commercial property deals

The listed Lantern Hotels Group has sold its top gaming hotel, the Five Dock in Sydney’s inner west, after just a week on the market for a massive $28.75 million. This article originally appeared on theaustralian.com.au/property.

If you didn’t know better, you’d swear this cattle yard had only just clocked off for the day.

Come for the cars, stay for the history. Or maybe that epic apartment upstairs. Or perhaps the development potential.

Another high-profile backer has joined the consortium of wealthy families that bought the Masters business for a bargain $730 million from Woolworths and estranged partner, US hardware giant Lowe’s. This article originally appeared on theaustralian.com.au/property.

Investment firms Alceon and CP Retail have sold their northern NSW shopping centre to the RAM Australia Property Fund for $46.25 million, a 60% rise on the purchase price five years ago. This article originally appeared on theaustralian.com.au/property.

Dexus has parted ways with an office tower and retail hub at 39 Martin Place in Sydney as the NSW Government’s compulsory acquisition of buildings for its metro rail project gathers pace.

It was once the home of landmark Australian TV shows including Countdown, Kath and Kim and Hugh Jackman’s prison drama Corelli. And now the ABC’s Elsternwick studios are for sale.

Private real estate group Mark­ham and development heavyweight Lend Lease have teamed up to buy the Sydney Superyacht Marina, giving the pair a crucial sliver of Sydney’s Bays precinct. This article originally appeared on theaustralian.com.au/property.

As far as property and business investments go, this one could quite literally be a pearler.