Monday, 26 September 2016
New South Wales
Sydney Auction Clearance Rates (www.domain.com.au)
Sydney recorded an auction clearance rate of 82% over the weekend with 717 properties listed.
Edgecliff Shopping Centre Sold (www.afr.com)
Longhurst Group has acquired the Edgecliff Centre on New South Head Road, Edgecliff for $138.75 million ($/m² of floor area), reflecting a yield of 3.72%.
The centre comprises a 7,691m² neighbourhood shopping centre anchored by Aldi with 24 specialty stores and a six level office building comprising 3,154m², totalling 10,854m² of floor area with 200 car spaces.
Westmead Medical Centre Sold (www.afr.com)
Vital Healthcare Property Trust has acquired a 2,898m² medical centre at 20-22 Mons Road, Westmead for $30.7 million ($10,594/m² of NLA), reflecting a yield of 6.7%.
Melbourne Auction Clearance Rates (www.domain.com.au)
Melbourne recorded an auction clearance rate of 80% over the weekend with 950 properties listed.