Vol 12. No. 169
Tuesday 13 September 2011
Economic Overview
|
Current |
+/- |
Movement |
| $AUS/$US |
103.06 |
-1.63 |
 |
| Cash Rate |
4.75 |
Steady |
 |
| 90 Day Bill |
4.88 |
+0.01 |
 |
| 10 Year Bond |
4.113 |
-0.154 |
|
| ASX 200 |
4038.5 |
-156.2 |
|
NEW SOUTH WALES
Sydney Commercial Office Sale (AFR 13 Pg.49)
- HNA Group has acquired the 22 storey commercial tower at 1 York Street, Sydney for $117.7 million ($6,407/m²) from Colonial First State’s Direct Property Investment Fund reflecting an initial yield of approximately 8.5%.
- The circa 1973 B-grade building has 18,368 m² of net lettable area and has parking space for 119 vehicles.
Enmore Housing Site Sale (AFR 13 Pg.53)
- Daher and Gebron have acquired a 1,787m² site at 151 Edgeware Road, Enmore for $3 million ($1,678/m²) with plans to develop the site into 10 three bedroom terraces.
Baulkham Hills Office Lease (AFR 13 Pg.55)
- Abterra Australia has leased 114m² of office space at 10 Century Circuit, Baulkham Hills for three years at a rent of $368/m² gross per annum.
VICTORIA
Melbourne Office Lease (AFR 13 Pg.55)
- Layan Design Group has signed a three year lease for 250m² of office space at 51 Queen Street, Melbourne, reflecting a reported rent of $300/m² gross per annum.
QUEENSLAND
Brisbane Retail Lease (AFR 13 Pg.55)
- Bare Traps has signed a five year lease for 390m² of retail space at 221 Stafford Road, Stafford, reflecting a reported rent of $282/m² gross per annum.
Sources: As above
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