Thursday, 8 December 2016
New South Wales
Sydney Office Lease Wrap
NAB has pre-committed to 31,000m² of office space occupying levels one to nine for 12 years at Wynyard Place, 10 Carrington Street, Sydney.
NAB has also pre-committed to 40,000m² of office space occupying the entire building for 12 years at 3 Parramatta Square, Parramatta.
Surry Hills Office Sold
A private investor has acquired a two level office building at 43-51 Brisbane Street, Surry Hills for $13.1 million ($16,903/m² of land area), reflecting a yield of 6.5%.
The building occupies a 775m² site area and has development approval for additional works.
Sydney Development Site Sales Wrap
Collingwood House Group has acquired a 1,470m² development site at 10-12 Clyde Avenue, Cronulla for $10.75 million ($7,312/m² of land area).
The site has development potential for 20 units ($537,500/potential unit).
Collingwood House Group has acquired a 955m² development site at 556-558 Botany Road, Alexandria for $6.88 million ($7,204/m² of land area).
The site has development potential for 26 units ($264,615/potential unit).
Velkin Holdings has acquired a 2,277m² development site at 8 Great Western Highway, Leura for $2 million ($878/m² of land area).
The site has development potential for 19 units ($105,263/potential unit).
Sydenham Office and Showroom Building Sold
Tae Kwon Do Australia has acquired an office and showroom building at 47-51 Unwins Bridge Road, Sydenham for $5.1 million ($4,113/m² of GFA), reflecting a yield of 3.53%.
The property comprises 1,240m² of GFA and occupies a 667m² site area.
Wetherill Park Industrial Development Site Sold
A private developer has acquired a 3.5ha vacant industrial site at 457-463 Victoria Street, Wetherill Park for $10.3 million ($2,942,857/ha of land area).
Fairfield Retail Property Sold
A private investor has acquired a 1,148m² retail property at 73-79 The Crescent, Fairfield for $7.19 million ($6,263/m² of NLA), reflecting a yield of 5.7%.
Narre Warren Sub Regional Shopping Centre Sold
M&G Real Estate has acquired the Casey Central Shopping Centre on Cranbourne Road, Narre Warren for $220 million ($7,665/m² of GLAR), reflecting a market yield 5.5%.
The centre comprises 28,700m² of GLAR and is anchored by Coles, Woolworths and ALDI supermarkets, Target and 80 specialty stores.
Rockbank Englobo Lands Sold
A private developer has acquired a 14.5ha Englobo land parcel at Troups Road North, Rockbank for $30.5 million ($2,103,448/Ha of land area).
The site has a net developable area of approx 6.5ha ($4,692,308/Ha of net developable area).
Queensland Industrial Lease Wrap
A private investor has acquired a 3,300m² office and warehouse property at 35 Alexandria Place, Murrarie for $4.5 million ($1,364/m²of GBA).
C+H Properties has acquired a 4,839m² industrial facility at 52 Moreton Street, Heathwood for $7.54 million ($1,558/m² of GBA).
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