Wednesday, 7 December 2016
New South Wales
Yennora Industrial Lease
The Iconic has leased a 19,100m² industrial warehouse for 7 years at 205-231 Fairfield Road, Yennora for $107/m² net p.a.
Point Cook Englobo Land Sales
Dahua Group has acquired a 103Ha englobo land parcel at 50A Hacketts Road, Point Cook for $190 million ($1,844,660/Ha of land area).
The land is part to the Wyndham growth area and has potential for an 1,800 lot subdivision ($105,556/potential lot).
The developer has entered a conditional contract on a 41ha Englobo holding with potential for 650 lots at 498 Aviation Road, Point Cook for $82 million ($2,000,000/Ha of land area).
Dahua has also entered a conditional contract on another Englobo holding in the area with potential for 650 lots for $75 million ($115,385/potential lot).
West Melbourne Development Site Sold
Holder East has acquired a 940m² development site at 501-509 King Street, West Melbourne for $6.02 million ($6,400/m² of site area).
The developer acquired the adjoining 1,970m² site in 2014 for the equivalent of $5,100/m² of site area.