Thursday, 8 September 2016
New South Wales
Sydney Hotel Building Sold (www.afr.com.au)
Staywell Hospitality Group has acquired a 1,282m² hotel building, known as the Park Regis, at 27 Park Street, Sydney for $46 million ($35,881/m² of land area).
Sydney Office Building Sales Wrap (www.afr.com.au)
Bank of China has acquired a 1,642m² office building at 140 Sussex Street, Sydney for $130 million ($79,172/m² of land area).
Eureka Funds Management has acquired a 12,000m² office building at 18 Smith Street, Parramatta for $85 million ($7,083/m² of floor area).
Tamworth Commercial Property Sold (www.afr.com.au)
A private investor has acquired a 4,894m² commercial property at 61 Denne Street, Tamworth for $37.95 million ($7,754/m² of land area), reflecting a yield of 5.4%.
North Ryde Office Suite Leased (AFR Pg.33)
Sharp Australia has leased a 2,000m² office suite for 3 years at 2 Julius Avenue, North Ryde for an undisclosed amount.
Silverwater Industrial Property Leased (AFR Pg.23)
PTC has leased a 2,560m² industrial property for 5 years at 106 Derby Street, Silverwater for $110/m² net p.a.
Tempe Office and Warehouse Property Sold (AFR Pg.40)
Habcare has acquired a 524m² office and warehouse property at 838 Princes Highway, Tempe for $2.68 million ($5,115/m² of land area).
Mortdale Industrial Property Sold (AFR Pg.40)
888 Design & Construct Pty Ltd has acquired a 628m² industrial property at 36 Tennyson Road, Mortdale for $2.23 million ($3,551/m² of land area).
Campsie Residential Development Site Sold (AFR Pg.34)
A private developer has acquired a 8,351m² residential development site at 548-468 Canterbury Road, Campsie for $49.5 million ($5,927/m² of land area).
The site has approval for 353 apartments.
Nagambie Shopping Centre Sold (www.afr.com.au)
A private investor has acquired a 3,012m² shopping centre at 333 High Street, Nagambie for $7.8 million ($2,590/m² of floor area), reflecting a yield of 6.1%.
Dandenong Office Building Sold (AFR Pg.31)
IOOF Investment Management has acquired a 4,432m² office building at 45 Assembly Drive, Dandenong for $20.75 million ($4,682/m² of land area), reflecting a yield of 7%.
Glenroy Retail Building Sold (AFR Pg.40)
A private investor has acquired a 1,290m² retail building at 789 Pascoe Vale Road, Glenroy for $3.5 million ($2,713/m² of floor area).
Melbourne Warehouse Property Lease Wrap (AFR Pg.33)
The Littil Group has leased a 1,440m² warehouse property for 4 years at 61-65 Geddes Street, Mulgrave for $90/m² net p.a.
Access Service Australia has leased a 2,070m² warehouse property for 5 years at 32 Healey Road, Dandenong for an undisclosed rent.
Melbourne Office and Warehouse Property Lease Wrap (AFR Pg.33)
Dennis Family Homes has leased a 2,283m² office and warehouse property for 10 years at 2 Acacia Place, Notting Hill for an undisclosed rent.
Fokust Pty Ltd has leased a 1,238m² office and warehouse property for 5 years at 84 Micro Circuit, Dandenong for an undisclosed rent.
Cremorne Industrial Development Site Sold (AFR Pg.40)
A private developer has acquired a 624m² industrial development site at 11-13 Cubitt Street, Cremorne for $5.1 million ($8,173/m² of land area).
Melbourne Mixed Use Development Site Sold (AFR Pg.34)
BPM has acquired a 350m² mixed use development site at 33 King Street, Melbourne for $12.35 million ($35,286/m² of land area).
Milton Residential Development Property Sold (www.afr.com.au)
Shayher Group has acquired a 1.47ha residential development property at 50 McDougall Street, Milton for $98 million ($66,666,667/ha of land area).
The property has redevelopment approval for 2 apartment buildings, compiling 293 apartments.
Newstead Office Development Site Sold (AFR Pg.33)
Charter Hall’s Prime Office Fund has acquired a 3,254m² office development site at 11 Breakfast Creek Road, Newstead for $16.5 million ($5,071/m² of land area).
Eight Mile Plains Industrial Property Sold (AFR Pg.40)
Harmony Property Syndication has acquired a 1,627m² industrial property at 85 Brandl Street, Eight Mile Plains for $7.23 million ($4,444/m² of land area).
Virginia Office and Warehouse Property Sold (AFR Pg.40)
A private investor has acquired a 1,336m² office and warehouse property at 97 Northlink Place, Virginia for $2.3 million ($1,722/m² of land area), reflecting a yield of 6.87%.
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