Carpe Diem
The private fund run by former Goldman Sachs banker Simon Wheatley, Carpe Diem, recently acquired a 42-room co-living property in Elizabeth Bay in Sydneyโs inner-east for $7.98 million and a 62-bed property in Jindabyne in southern NSW, adding to its extensive portfolio.
Wheatley, who founded the fund about four years ago and has more than $100 million under management, has teamed up with RedHill Hospitality Management to manage its exposure to regional hotels and motels.
The fund also offloaded the Boulevard Motor Inn in Mildura for $7.7 million.
Portfolio boost
ASX-listed Centuria has raised $116 million from the sale of its office tower in the bustling South Eveleigh precinct in Sydneyโs inner suburbs, offloading it to James Marshallโs Marprop Real Estate Investors and Gresham Partners.
Centuria has raised $116 million from the sale of its office tower in the bustling South Eveleigh precinct. Credit: Handout image
The city-fringe office will be added to Marpropโs portfolio which includes the Sofitel Wentworth Sydney hotel, which the group bought in 2022 for $315 million, and an office at 300 Flinders Street in Melbourne which it acquired the same year for $80.8 million.
Centuria bought the A-grade office building at 13 Garden Street, South Eveleigh, in 2016 for about $104 million, along with two other assets, the BioMed Building at 1 Central Avenue and the Belltower at 6 Cornwallis Avenue, as part of the unlisted Centuria ATP Fund.
The A-grade office building is 250 metres from both the newly opened Waterloo Metro station and Redfernโs Southern Concourse, the latter providing direct connections to six of eight Sydney commuter rail lines.
Cushman Wakefieldโs Steven Kearney, Jack Harrison and Kenny Duncanson and Knight Frankโs Jonathan Vaughan managed the sale.
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Special place
The Martin Place Integrated Station/Metro development by Macquarie Group has won the Urban Taskforce Australiaโs 2025 Development of the Year award.
About 400 property heavyweights gathered at Doltone House in the CBD to hear comedian Vince Sorrenti roast the awardโs 43 entry candidates.
The One Sydney Harbour project at Barangaroo took out the High Rise city development gong.
Lendlease was the design and construction contractor for Sydney Metro Martin Place Station which included the new station, the associated retail spaces and the building above. John Holland CPB Ghella undertook the initial excavation and delivery of the twin tunnels. The architectural work was led by Grimshaw Architects.
It joins recent past winners, including the Ribbon by Pinelake, Darling Harbour 2024; Eighty Eight by JQZ at St Leonards in 2023 and Quay Quarter by AMP Capital at Circular Quay in 2022.
Contact: carolynannecummins@gmail.com
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