Friday, 26 August 2016

New South Wales

Sydney Office Lease Wrap (www.smh.com.au)

• Interfreight International Pty Ltd has leased a 285m² office suite for 5 years at 5/1753 Botany Road, Banksmeadow for $218/m² gross p.a.

• Clarke and Humel Property has leased a 225m² office suite for 3 years at 17 Sydney Road, Manly for $800/m² gross p.a.

• Aloutte Child Care Pty Ltd has leased a 220m² office suite for 3 years at 7/198 Young Street, Waterloo for $205/m² gross p.a.

Mascot Warehouse Property Leased (www.smh.com.au)

• Brilliant Lifts Australia has leased a 526m² warehouse property for 5 years at 25/10 Ossary Street, Mascot for $230/m² gross p.a.

Sydney Industrial Property Lease Wrap (www.smh.com.au)

• Grosvenor Engineering Group has leased a 2,700m² industrial property for 5 years at 76 Heathcote Road for $120/m² gross p.a.

• Verosol Australia has leased a 4,323m² industrial property for 5 years at 40 Marigold Stret, Revesby for $110/m²net p.a.

Victoria

Pyrmont Mixed Use Site Sold (www.propertyobserver.com.au)

• A private investor has acquired a 447m² mixed use site at 208-210 Harris Street, Pyrmont for $3.225 million ($7,215/m² of land area), reflecting a yield of 4.6%.

Melbourne Fringe Office Report (www.savills.com.au)

• Savills recorded 77,096 square metres of Fringe office leasing in the 12 months to June 2016.

• Savills recorded $532 million of transactions in the Fringe markets in the 12 months to June 2016.

National

Master Portfolio Sold (www.smh.com.au)

• Home Consortium has acquired Masters Home Improvement Australia for $800 million, including their 70ha of retail and commercial property.

• The Masters portfolio currently includes 40 freestanding stores, 21 development sites and 21 leasehold sites.

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