Wednesday, 23 November 2016

Five Dock Hotel Property Sold (AFR Pg.34)

A private investor has acquired a 537m² hotel property at 74 Great North Road, Five Dock for $28.8 million ($53,631/m² of land area).

Sydney Office Building Sold (www.theaustralian.com.au)

A private investor has acquired a 1,379m² office building at 55 Clarence Street, Sydney for $170 million ($123,227/m² of land area), reflecting a yield of 6%.

Springvale Office and Warehouse Property Sold (AFR Pg.36)

Australian Unity has acquired a 11,000m² office and warehouse property at 1651-1657 Centre Road, Springvale for $12.98 million ($1,180/m² of floor area), reflecting a yield of 7.3%.

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