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  • Patrick Ewing

Wednesday, 3 August 2016


New South Wales

Rydalmere Industrial Property Sold (AFR Pg.30)

Mirvac has acquired a 3.65ha industrial asset at 274 Victoria Road, Rydalmere for $47.55 million ($1,301/m² of land area), reflecting a yield of 6.65%.

The site is improved with 22,734m² of building area ($2,092/m² of building area).

Victoria

Port Melbourne Service Station Sold (AFR Pg.32)

A private investor has acquired the 10,000m² Westgate Express service station on West Gate Freeway, Port Melbourne for $22.5 million ($2,250/m² of land area), reflecting a yield of 5.5%.

Altona North Logistics Facility Sold (AFR Pg.32)

Logos Property has acquired the Toll Logistics Facility at 96-118 Toll Drive, Altona North for $35 million ($1,436/m² of land area).

The 24,380m² site comprises a building area of 5,175m².

Logos plans to build an expanded facility comprising between 30,000m² to 40,000m² with completion due in 2017.

Toll has agreed to a new 12 year lease of the new facility.

Queensland

Eight Mile Plains Office and Warehouse Property Sold (AFR Pg.32)

A private investor has acquired a 1,627m² office and warehouse building at 85 Brandl Street, Wight Mile Plains for $7.23 million ($4,444/m² of building area).

The property has a WALE of 4.6 years.

National

Building Approvals (www.abs.gov.au)

Industry research indicates in trend terms the dwelling unit approvals increased in NSW (+0.8%), while decreasing in Victoria (-0.1%) and Queensland (-3.2%) in June 2016.

In trend terms private sector house approvals increased in NSW (+0.9%), while decreasing in Victoria (-0.6%), and Queensland (-0.5%) in June 2016.

#RydalmereIndustrialPropertySold #PortMelbourneServiceStationSold #AltonaNorthLogisticsFacilitySold #EightMilePlainsOfficeandWarehousePropertySo #BuildingApprovals

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