• Patrick Ewing

Tuesday, 27 September 2016

New South Wales

Parramatta Mixed Use Development Site Sold (

  • A foreign developer has acquired a 3,135m² mixed use development site at the Cnr of George and Harris Street, Parramatta for $60 million ($19,139/m² of site area).

  • A Development Application is lodged for the site and proposes a 35-level apartment tower and 3 level hotel.

Parramatta Mixed Use Development Site Sold (

  • Dyldam has acquired a 3,306m² mixed use development site at 87 Church Street and 6 Great Western Highway, Parramatta for $70 million ($122,807/approved unit).

  • The site has development approval for a 55 level residential tower comprising 570 units.

  • The site adjoins the Auto Alley site which Dyldam acquired in September 2015.

Sydney Office Lease Wrap (

  • GlobalIX has leased a 592m² office space for 5 years at 1 Castlereagh Street, Sydney for $203/m² gross p.a.

  • Mars Recruitment has leased a 415m² office space at 60 Carrington Street, Sydney for $800-$850/m² gross p.a.

  • Interactive Community Care has leased a 449m² office space for 5 years at 88 Phillip Street, Parramatta for $410/m² gross p.a.

Sydney Retail Lease Wrap (

  • JianLi International Beauty has leased a 396m² retail space for 3 years at 695-699 George Street, Haymarket for $600/m² gross p.a.

Sydney Industrial Lease Wrap (

  • Precast Elements has leased a 3,547m² industrial facility for 5 years at 49 Pine Street, Yennora for $105/m² gross p.a.

  • ERTH Visual and Physical has leased a 1,753m² office and warehouse property for 3 years at 22-26 Myrtle Street, Marrickville for $117/m² gross p.a.


Melbourne Office Lease Wrap (

  • Deloitte has leased a 350m² office space for short term use at 459 Little Collins Street, Melbourne for $520/m² gross p.a.

  • Heath Wallace has leased a 280m² office space for 4 years at 114 Flinders Street, Melbourne for $380/m² net p.a.

  • Oliver J Nilsen (Australia) has leased a 444m² office building for 5 years at 18-22 Lexia Place,Mulgrave for $215/m² net p.a.

  • Atomic 12 has leased a 312m² office space for 5 years at 31 Ross Street, South Melbourne for $425/m² net p.a.

Melbourne Industrial Lease Wrap (

  • MVC Pty Ltd has leased a 997m² office and warehouse property at 81 Discovery Road, Dandenong for $85/m² net p.a.

  • Elite IBC Cleaning has leased 2,200m² of industrial hardstand for 5 years at 2-4 Pipe Road, Laverton North for $22.5/m² net p.a.


Chermside Office Building Sold (

  • A private syndicate has acquired the A-grade office building at 831 Gympie Road, Chermside for $18.25 million ($2,801/m² of NLA), reflecting a yield of 15%.

  • The building comprises 6,515m² and is 86% occupied with a WALE of 1.6 years.

Corinda Retirement Development Site Sold (

  • Aura Australia Management has acquired a 3ha retirement development site at Cliveden Avenue, Corinda for $20 million ($6.67m/ha).

  • The site is currently improved with 34 units while Aura has plans to develop 250 units by 2021 ($70,423/proposed unit).

Brisbane Industrial Lease Wrap (

  • Lumascape Lighting Industries has leased a 1,740m² office and warehouse property for 5 years at 18 Brandl Street, Eight Mile Plains for $233/m² gross p.a.

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