Friday, 2 September 2016
New South Wales
Chester Hill Retail Property Sold Leased (AFR Pg.32)
85 Degrees Coffee Australia has leased a 5,314m² retail property for 7 years at 152 Miller Street, Chester Hill for $92/m² net p.a.
Sydney Hotel Property Sold (AFR Pg.32)
Cornerstone Capital has acquired a 1,282m² hotel property at 27 Park Street, Sydney for $46 million ($35,881/m² of land area).
Southbank Office Property Sold (AFR Pg.31)
JP Morgan Asset Management has acquired a 33,900m² office property at 28 Freshwater Place, Southbank for $286 million ($8,437/m² of floor area), reflecting a yield of 6.6%.
Carlton Industrial Property Leased (AFR Pg.32)
The Save the Children Organisation has leased a 3,000m² industrial property for 8 years at 33 Lincoln Square South, Carlton for $320/m² net p.a.
Robina Commercial Property Leased (AFR Pg.32)
Spanos IGA has leased a 1,000m² commercial property for 15 years at 20 Scottsdale Drive, Robina for an undisclosed rent.
Calamvale Retail Property Sold (AFR Pg.42)
A private investor has acquired a 591m² retail property at 1927 Beaudesert Road, Calamvale for $5 million ($8,460/m² of floor area), reflecting a yield of 6.97%.