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Property by Lisa Allen Premium Content Subscriber only Buyer appetite for Queensland s Great Barrier Reef islands has not been quelled by COVID-19, with a Sydney hotelier about to pay close to $20m to purchase Long Island in the Whitsundays. The Sydney hotelier is expected to develop an upscale resort on the island between Hamilton Island and Airlie Beach that was this week sold by Sydney-based former investment banker David Kingston, through CBRE agents Wayne Bunz and Hayley Manvell. The 8ha property had long been on the market. Local Queenslanders said the deal was struck between the Sydney hotelier and Mr Kingston, former managing director of Rothschild Bank. ....
Rydges Sydney Airport hotel cleared for take-off We’re sorry, this service is currently unavailable. Please try again later. Dismiss Normal text size Advertisement The Rydges Sydney Airport hotel is for sale with a price tag of up to $270 million as the owners test the rising demand for key hotels in the market. The four-star hotel has been used as quarantine premises during the pandemic and is now a base for airline crews. It was built by the owners, private developer Denwol in April 2013 for a reported $68 million. The Rydges Sydney Airport Hotel has been listed for sale with a price tag of $250m-$270m. ....
Investor bonanza as commercial property listings start to flow We’re sorry, this service is currently unavailable. Please try again later. Dismiss Normal text size Advertisement A swath of properties across the healthcare, office, hotel and service station sectors are being offered and snapped up as vendors tap into the demand for bricks and mortar assets by investors in the current low interest rate environment. Office and industrial landlord Growthpoint has raised $66.1 million through the sale and leaseback of the Quad 2, 6 Parkview Drive and Quad 3, 102 Bennelong Parkway, Sydney Olympic Park. EG Funds Management has acquired the property for their Urban Regeneration joint venture. ....
Pub arising from ashes the city star of hotel activity We’re sorry, this service is currently unavailable. Please try again later. Dismiss Normal text size Advertisement Private investors are taking advantage of low interest rates and are circling assets from pubs to hotels and land banks for development in anticipation of an improving economy in the post-COVID world. One of the latest sales was the part-renovated General Gordon Hotel located opposite Sydenham train station in Sydney for $30 million. Having been damaged by fire in 2018, the pub has since been rebuilt and is due to open in April this year. ....