Latest news with #AEW
The Age
6 hours ago
- Business
- The Age
The properties about to test Collingwood's cool credentials
The US fund bought the 22-storey building from Challenger at a serious premium in 2019. Challenger, which paid $81 million in 2011, held the tower on its books at $165 million. At the time of AEW's off-market purchase, the 19,213 sq m building was raking in $10 million a year in rent giving the deal a tight 4.9 per cent yield. While not giving much away, AEW says it has achieved a 52.8 per cent increase in rental income in the six years it has owned the tower. It's understood that's on a fully leased basis, and the tower's occupation rate is currently about 83 per cent with new tenants still taking up space. CBRE's Kiran Pillai, Scott McGlone and Nikola Jackson with Cushman & Wakefield's Leigh Melbourne, Nick Rathgeber, Josh Cullen and Morgan Briscoe have charge of the listing. 'Thirty-one Queen Street has been a dominant performer in the leasing market over the past three to four years, underpinned by one of the best examples of a ground-up refurbishment,' Pillai said. 'Given the asset's exceptional fundamentals, central-CBD location and low-risk cashflow, we expect strong interest from high-net-worth privates, syndicators and funds,' Melbourne said. The decline in CBD values appears to have bottomed out with a series of big-game bargain hunters, ranging from cashed-up locals to offshore behemoths lured back to the market. Hong Kong private equity property company PAG is understood to be running the ruler over Dexus' Flinders Gate complex. Its current book value stands at $265.5 million with Dexus is reportedly hoping for around $260 million. Last year PAG snagged 367 Collins Street for $340 million from Mirvac, a 20 per cent discount to its peak value. The move also comes as Singapore-listed Frasers Logistics & Commercial Trust revealed it had sold 357 Collins Street to Harry Stamoulis for $195.3 million. The final price – about current book value – will clock in at $192 million, after lease incentive liabilities are paid out. Frasers paid a staggering $222.5 million 10 years ago. Heavy lifting on High Developers are expected to swoop on a huge building on Armadale's swanky High Street. The building which houses Armadale's Goodlife Gym at 1216-1230 High Street, comes with a price guide of $25-$30 million. The property is on a 1926 sq m parcel of land stretching back to Willis Street at the rear. Records show the Tauber family paid $1.62 million for the property in 1986. The gym includes a pool. Packed to the eyeballs with frock shops, bridal boutiques, cafes and homewares, High Street has a vacancy rate of just 2.3 per cent, according to Fitzroys' retail vacancy report, Walk the Strip, with rents commanding as much as $2000 a square metre. Last year, the auction of 1047-1051 High Street dragged on for two hours with 900 bids volleyed between two parties. The corner double-storey office and shop, on 500 sq m of land, eventually sold for $11.4 million. The Goodlife building is for sale through Cushman & Wakefield's Daniel Wolman, Oliver Hay, Hamish Burgess and Leon Ma with Teska Carson's Matthew Feld. There's a bit of choice on the strip at the moment. Lawyer and investor Peter Mitrakas is selling a 1585 sq m parcel of land at 23-27 Osment Street near Armadale Station for about $20 million. And five strata owners at 1097-1111 High Street are hoping to sell their building – on a large 1733 sq m site on the corner of Huntingtower Road – for about $30 million. East Melbourne A local private investor has paid about $13.5 million for the old Melbourne IVF fertility clinic at 344 Victoria Parade, a much-storied building in East Melbourne's medical precinct which won awards when it was built in the early 1990s. While the vendor, veteran investment group Henkell Brothers, was seeking closer to $15 million for the three storey-office, it nonetheless made a tidy profit. Henkell Brothers bought the 2444 sq m building from the late Richard Pratt's Pratt Industries in 1995 for just $3.92 million – after it passed in at a mortgagee auction for $2.9 million. It was a bargain even at the time. The Victorian Public Service Association had been ready to pay $7.12 million for the city-fringe office, but the deal fell through after the sale of its CBD office to theatre impresario David Marriner collapsed. CBRE agents Nick Peden, Sandro Peluso, Jamus Campbell and Mark Granter negotiated the deal. 'The campaign attracted significant interest, with several unconditional offers received from both local and international investors – an unprecedented result for a vacant property,' Peden said. The building had been the home of Melbourne IVF's fertility clinic for many years but the baby-maker is off to Hines' new 15-storey timber building, T3 at 36 Wellington Street, across the road. AirHub Growthpoint Properties is testing the market's appetite for industrial investments offering up a six-property portfolio at Melbourne Airport. The AirHub portfolio, currently on Growthpoint's books with a $127 million value, covers a 25-hectare chunk of land around the airport with net lettable space of 139,707 sq m. They're being offered individually or as a job lot. Tenants include Australia Post, Unipart Group, Direct Couriers and Laminex.
Sydney Morning Herald
6 hours ago
- Business
- Sydney Morning Herald
The properties about to test Collingwood's cool credentials
The US fund bought the 22-storey building from Challenger at a serious premium in 2019. Challenger, which paid $81 million in 2011, held the tower on its books at $165 million. At the time of AEW's off-market purchase, the 19,213 sq m building was raking in $10 million a year in rent giving the deal a tight 4.9 per cent yield. While not giving much away, AEW says it has achieved a 52.8 per cent increase in rental income in the six years it has owned the tower. It's understood that's on a fully leased basis, and the tower's occupation rate is currently about 83 per cent with new tenants still taking up space. CBRE's Kiran Pillai, Scott McGlone and Nikola Jackson with Cushman & Wakefield's Leigh Melbourne, Nick Rathgeber, Josh Cullen and Morgan Briscoe have charge of the listing. 'Thirty-one Queen Street has been a dominant performer in the leasing market over the past three to four years, underpinned by one of the best examples of a ground-up refurbishment,' Pillai said. 'Given the asset's exceptional fundamentals, central-CBD location and low-risk cashflow, we expect strong interest from high-net-worth privates, syndicators and funds,' Melbourne said. The decline in CBD values appears to have bottomed out with a series of big-game bargain hunters, ranging from cashed-up locals to offshore behemoths lured back to the market. Hong Kong private equity property company PAG is understood to be running the ruler over Dexus' Flinders Gate complex. Its current book value stands at $265.5 million with Dexus is reportedly hoping for around $260 million. Last year PAG snagged 367 Collins Street for $340 million from Mirvac, a 20 per cent discount to its peak value. The move also comes as Singapore-listed Frasers Logistics & Commercial Trust revealed it had sold 357 Collins Street to Harry Stamoulis for $195.3 million. The final price – about current book value – will clock in at $192 million, after lease incentive liabilities are paid out. Frasers paid a staggering $222.5 million 10 years ago. Heavy lifting on High Developers are expected to swoop on a huge building on Armadale's swanky High Street. The building which houses Armadale's Goodlife Gym at 1216-1230 High Street, comes with a price guide of $25-$30 million. The property is on a 1926 sq m parcel of land stretching back to Willis Street at the rear. Records show the Tauber family paid $1.62 million for the property in 1986. The gym includes a pool. Packed to the eyeballs with frock shops, bridal boutiques, cafes and homewares, High Street has a vacancy rate of just 2.3 per cent, according to Fitzroys' retail vacancy report, Walk the Strip, with rents commanding as much as $2000 a square metre. Last year, the auction of 1047-1051 High Street dragged on for two hours with 900 bids volleyed between two parties. The corner double-storey office and shop, on 500 sq m of land, eventually sold for $11.4 million. The Goodlife building is for sale through Cushman & Wakefield's Daniel Wolman, Oliver Hay, Hamish Burgess and Leon Ma with Teska Carson's Matthew Feld. There's a bit of choice on the strip at the moment. Lawyer and investor Peter Mitrakas is selling a 1585 sq m parcel of land at 23-27 Osment Street near Armadale Station for about $20 million. And five strata owners at 1097-1111 High Street are hoping to sell their building – on a large 1733 sq m site on the corner of Huntingtower Road – for about $30 million. East Melbourne A local private investor has paid about $13.5 million for the old Melbourne IVF fertility clinic at 344 Victoria Parade, a much-storied building in East Melbourne's medical precinct which won awards when it was built in the early 1990s. While the vendor, veteran investment group Henkell Brothers, was seeking closer to $15 million for the three storey-office, it nonetheless made a tidy profit. Henkell Brothers bought the 2444 sq m building from the late Richard Pratt's Pratt Industries in 1995 for just $3.92 million – after it passed in at a mortgagee auction for $2.9 million. It was a bargain even at the time. The Victorian Public Service Association had been ready to pay $7.12 million for the city-fringe office, but the deal fell through after the sale of its CBD office to theatre impresario David Marriner collapsed. CBRE agents Nick Peden, Sandro Peluso, Jamus Campbell and Mark Granter negotiated the deal. 'The campaign attracted significant interest, with several unconditional offers received from both local and international investors – an unprecedented result for a vacant property,' Peden said. The building had been the home of Melbourne IVF's fertility clinic for many years but the baby-maker is off to Hines' new 15-storey timber building, T3 at 36 Wellington Street, across the road. AirHub Growthpoint Properties is testing the market's appetite for industrial investments offering up a six-property portfolio at Melbourne Airport. The AirHub portfolio, currently on Growthpoint's books with a $127 million value, covers a 25-hectare chunk of land around the airport with net lettable space of 139,707 sq m. They're being offered individually or as a job lot. Tenants include Australia Post, Unipart Group, Direct Couriers and Laminex.
Newsweek
10 hours ago
- Entertainment
- Newsweek
Top AEW Superstar Dealing With Serious Injury
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. AEW star Will Ospreay has confirmed that he is dealing with a legitimate and serious neck injury. On the July 23rd episode of AEW Dynamite, Ospreay made his first appearance since the All In pay-per-view to deliver a difficult and honest update on his health. In an emotional in-ring promo segment with Tony Schiavone, Ospreay revealed the nature of the injury. Dave Meltzer of the Wrestling Observer has since confirmed that the injury is legitimate and not part of a storyline. Ospreay told the live crowd that he has been struggling with neck issues for about ten months but has been keeping the pain to himself. After being taken to the emergency room following the attack at All In, an MRI revealed the severity of the damage. He announced that he has two herniated discs (C2 and C6) that are pushing into his spinal cord. Despite the serious nature of the diagnosis, Ospreay offered a glimmer of hope. Ospreay said that doctors have told him the ailments are treatable and that he hopes to be ready to compete at next month's AEW x NJPW Forbidden Door event in his home country of England. All Elite Wrestling ALL IN at Wembley Stadium in London on August 27, 2023. All Elite Wrestling ALL IN at Wembley Stadium in London on August 27, 2023. Courtesy of AEW More news: WWE Superstar Announces Retirement Match Neck injuries are among the most feared in professional wrestling, often altering or ending careers. The news is especially concerning given Ospreay's breathtaking, high-impact in-ring style. Known as the "Aerial Assassin," his matches are a whirlwind of acrobatic, high-risk maneuvers that put immense strain on his neck and spine. For years, fans and critics have marveled at his ability to perform moves like the Stormbreaker and the OsCutter, while also worrying about the long-term physical toll. This injury appears to be the unfortunate result of that punishing style. AEW is using the brutal storyline attack from the All In: Texas pay-per-view as the on-screen explanation for the injury. At the event, after Ospreay had already competed in a grueling tag team match, he got involved in the main event. He was then attacked by the Death Riders faction, with Claudio Castagnoli stomping his head through a steel chair. The violent angle wrote Ospreay off television and now serves as the justification for his real-life injury. After his promo on Dynamite, his All In tag team partner, Swerve Strickland, came out to the stage to embrace him in a sign of support. The wrestling world now wishes one of its best performers a full and speedy recovery. More WWE News: For more on WWE, head to Newsweek Sports.
Newsweek
10 hours ago
- Entertainment
- Newsweek
Mercedes Mone Gives Savage Response To WWE Fans
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. AEW TBS Champion Mercedes Mone has a clear and savage message for any fans who are still hoping she will one day return to WWE. In a recent social media exchange, "The CEO" emphatically shut down the idea of a comeback. The interaction occurred on Mone's Instagram account. When a fan commented on one of her posts telling her to return to WWE, she did not hold back with her response. Mercedes Mone has made it clear that her focus is entirely on her career in All Elite Wrestling. She responded to the fan with a blunt and direct five-word message. "imma need your ugly ass to watch AEW," Mone wrote. This response reinforces the narrative that has defined her post-WWE career. She is a star who is determined to carve out her own path on her own terms. Before she was "The CEO" in AEW, Mercedes Mone was known to the world as Sasha Banks, one of the most decorated and influential female superstars in WWE history. As one of the "Four Horsewomen," she was a cornerstone of the Women's Revolution, helping to elevate women's wrestling to a main event level. SAN JOSE, CA - Oct. 16: AEW TBS Champion Mercedes Moné has her arms raised after defeating Queen Aminata on AEW Dynamite SAN JOSE, CA - Oct. 16: AEW TBS Champion Mercedes Moné has her arms raised after defeating Queen Aminata on AEW Dynamite Ricky Havlik/AEW More news: WWE Superstar Announces Retirement Match A multi-time champion and a Women's Grand Slam winner in WWE, her legendary feud with Bayley produced some of the most acclaimed matches in the company's history. However, her time with the company came to an abrupt and controversial end in May 2022. In May 2022, while they were the reigning WWE Women's Tag Team Champions, Mone and her partner Naomi walked out of an episode of Monday Night Raw due to creative frustrations. The move sent shockwaves through the industry and led to a long, contentious period where her future was uncertain. After leaving WWE, Mone proved she could be a major star on a global scale. She had a successful run in Japan, winning the prestigious IWGP Women's Championship. In March 2025, she made her highly anticipated debut for AEW at the Big Business special, where she won the TBS Championship in her first match. Mone has been a dominant champion ever since, and while she recently suffered her first singles loss to Toni Storm at All In, she remains a centerpiece of the AEW women's division. Her response to the fan makes it clear that she has no intention of looking back. More WWE News: For more on WWE, head to Newsweek Sports.
Yahoo
20 hours ago
- Entertainment
- Yahoo
AEW is running back All In Texas' main event on TV, with a new wrinkle
After AEW World champion Hangman Page bloodied up Death Rider Wheeler Yuta in the opening match of this week's Dynamite, Jon Moxley had a message for the man who beat him for the belt in a Deathmatch at All In Texas. Mox wanted to make it clear that while he tips his cap to Page for winning the main event of AEW's big PPV, he doubts that Hangman can do it again and again, day after day as he has during his World title runs. The chief Death Rider wants a rematch, and he knows a fighting champ like Hanger won't turn him down... especially after Marina Shafir calls him 'soft' to end the segment. After Mark Briscoe beat Claudio Castagnoli in tonight's main event, the Riders did what they often do and attacked him. Dropping Briscoe gut first on the legs of a steel chair wasn't Mox's endgame, however. That was to get Page to come out. He did, and accepted the rematch for next week's Dynamite. But as Hangman is champ and Moxley challenger this time, he gets to pick the stipulation. And that is for everyone but a referee to be banned from ringside. Before Page was done walking back up the ramp, Tony Khan made it official for July 30 in Chicago. Like it? Get complete results from tonight's Dynamite here. More from Not everyone is marking out about Eva Marie's return Mansoor's Raw Debut was classic WWE Is this who caught Lilly's eye? Former WWE champs face off on (checks notes) Main Event Yes, Angel Garza shoved a rose up Drew Gulak's butt on Raw Raw recap & reactions: Flip the switch Flair already added to title match at WrestleMania Backlash EVA MARIE IS BACK
