Wednesday, 14 September 2016
New South Wales
Castlecrag Shopping Centre Sold (www.smh.com.au)
Greencliff has acquired a 3778m² shopping centre at 100 Edinburgh Road, Castlecrag for $25 million ($6,617/m² of land area).
Melbourne Office Building Sold (www.smh.com.au)
A private investor has acquired a 460m² office building at 14-20 Goldie Place, Melbourne for $5.45 million ($11,848/m² of NLA).
The site has an approved permit to develop ground floor retail and 36 apartments ($151,389/dwelling).
Melbourne Office and Warehouse Sales Wrap (www.smh.com.au)
A private investor has acquired a 2.656ha office and warehouse property at 830 Wellington Road, Rowville for $9 million ($3,388,554/ha of land area).
A private investor has acquired a 386m² office and warehouse property at 19 Baxland Avenue for $540,000 ($1,399/m² of floor area), reflecting a yield of 5.7%.
Sunshine Industrial Property Sold (www.smh.com.au)
A private investor has acquired a 5271m² industrial building at 8-10 Market Road, Sunshine for $2.8 million ($531/m² of floor area).
Flemington Retail Property Sold (www.smh.com.au)
A private investor has acquired a 385m² retail property at 18-22 Pin Oak Crescent for $2.5 million ($6,494/m² of floor area).
Melbourne Office Property Lease Wrap (www.smh.com.au)
MV Anderson & Co has leased a 916m² office property for 10 years at 485 La Trobe Street, Melbourne for an undisclosed rent.
CSL Behring has leased a 790m² office property for 5 years at 850 Collins Street, Docklands for $400/m² gross p.a.
Melbourne Retail Property Leased (www.smh.com.au)
70 Grams has leased a 124m² retail property for 10 years at 260 Collins Street, Melbourne for $1350/m² gross p.a.
Narre Warren Shopping Centre Sold (www.afr.com.au)
Kuwait’s Action Group has acquired a 18,000m² shopping centre at 430-440 Princes Highway, Narre Warren for $28.6 million ($1,589/m² of floor area), reflecting a yield of 2.5%.
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