Precision Picks up Pran Central
Private Sydney-based investment group Precision has acquired Melbourne’s Pran Central retail centre from Walker Corporation for $34.5 million. The deal has been struck on a 6.5% yield.
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Walker sells Pran Central
Private investment group Precision, in a $34.5 million deal with Walker Corporation, has emerged as the buyer of the high profile Pran Central retail complex in a trendy Melbourne shopping district.
Precision Gains MacArthur, With a Trade-In
Brisbane’S first major commercial and retail building swap has finally been pulled off. Private Sydney investment group Precision said it had acquired MacArthur Central shopping in the CBD for $119.5 million.
Precision Swaps Offices for Shops
Precision Group founder Shaun Bonétt is already planning how to reposition Brisbane’s MacArthur Central Shopping Centre, which he acquired yesterday for $119.5 million.
Precision-Investa Swap Sealed
The Precision Group and Investa Property Group have pulled off their $186 million swap deal in Brisbane, trading the MacArthur Central shopping centre for an office building at 160 Ann Street, plus cash.
Precision Pays $80m for Retail Above Rail
The developer of Sydney’s new $361 million Chatswood transport interchange project, CRI Australia, has sold the retail component for an estimated $80 million.
Precision Wins Victory for $22m
Sydney-based private investment company The Precision Group has boosted its portfolio in Brisbane with the $22 million acquisition of the Victory Hotel in Edward St.
Precision Snatches Victory in Brisbane
Sydney-based private investor Precision Group has snared Brisbane’s well-known Victory Hotel for $22 million one of the city’s biggest pub sales.
Private Investor Pays $50m for a Slice of CBD
Precision Property Group has contracted to buy 160 Ann St from owner Zurich Australia Insurance for about $50 million, an 8 per cent yield.
Private Investors Chase Brisbane Offices
Private investors are still forging into Brisbane’s strengthening office market, and the latest two deals are being wrapped up for close to $73 million.
David Jones Sells Central Plaza with Precision
The deal flow continues in the Adelaide property market, with retailer David Jones announcing it has entered into a formal contract for sale of the $85 million Adelaide Central Plaza project
DJ’s Sale Nets $85m
Upmarket retailer David Jones will receive $85million from the sale of its flagship Adelaide Central Plaza retail development to a consortium of private investors.