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.
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.
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.