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  • Patrick Ewing

Wednesday, 9 November 2016


Victoria

Melbourne Office Building Sold

  • Premier Investments has acquired the 8-level office building with vacant possession at 457 St Kilda Road, Melbourne for $55 million ($5,883/m² of NLA).

  • The building comprises 9,349m² of NLA and occupies a 3,035m² site area.

Coburg North Shopping Centre Sold

  • A private investor has acquired the Coburg North Village shopping centre at the Corner of Gaffney and Sussex Street, Coburg North for $38 million ($6,048/m² of NLA), reflecting a yield of 4.94%.

  • The centre is fully leased and comprises 6,283m² of NLA.

  • The neighbourhood centre is anchored by a Coles supermarket.

Melbourne Office Building Sold

  • A private investor has acquired a 10-level office building at 438 Elizabeth Street, Melbourne for $75 million ($5,430/m² of NLA), reflecting a yield of 4.5%.

  • The building comprises 13,812m² of NLA and includes four retail tenancies with 107 underground car spaces.

Carlton Office Building Sold

  • A private investor has acquired an office building at 15-31 Pelham Street, Carlton for $37.05 million ($5,997/m² of NLA), reflecting a yield of 6.04%.

  • The building comprises 6,178m² of NLA and has a WALE by income of 4 years.

Queensland

Ashmore Shopping Centre Sold

  • A private investor has acquired the Ashmore City Shopping Centre at 206 Currumburra Road, Ashmore for $35 million ($3,977/m² of GLAR), reflecting an equivalent yield of 10.03%.

  • The centre comprises 8,800m² of GLAR and is anchored by Drakes Supa IGA with 49 specialty stores.

#MelbourneOfficeBuildingSold #CoburgNorthShoppingCentreSold #CarltonOfficeBuildingSold #AshmoreShoppingCentreSold

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