An institutional investor has purchased a 13,000sq m modern industrial investment at 6-24 Monash Drive, Dandenong South VIC from a local private owner for $17,860,000.

Coliving is an emerging asset class that has rapidly gained popularity in major markets in the UK, North America, Asia and Europe over the last decade. Emerging now in Australia, coliving is quickly becoming a mainstream and attractive concept.

A local investor has snapped up a freehold commercial building fully leased to Westpac Banking Corporation in Newcastle for $4.45 million on a 5.6 percent yield.

Trinity Global has purchased a 260sq m freehold medical clinic at 31 Grosvenor Street, Woollahra, from a private owner for $4,100,000.

Brisbane headquartered private equity and syndication firm Altor Capital has sold the Cooloola Cove Shopping Centre for a price of $18.66 million to the listed SCA Property Group.