Monday, 12 December 2016

New South Wales

Milsons Point Development Site Sold (www.afr.com)

• Zone Q has acquired a 911m² mixed use development site at 30 Alfred Street South, Milsons Point for $55 million ($763,889/approved unit).

• The property has development approval for 72 apartments and 749m² of ground floor retail space.

Sydney Auction Clearance Rates (www.domain.com.au)

• Sydney recorded an auction clearance rate of 76% over the weekend with 908 properties listed.

Victoria

Melbourne Auction Clearance Rates (www.domain.com.au)

• Melbourne recorded an auction clearance rate of 81% over the weekend with 1,372 properties listed.

Melbourne Office Lease (www.afr.com)

• John Holland has leased 1,600m² of office space on a short term lease at 8 Exhibition Street, Melbourne.

Queensland

Brisbane Shopping Centre Sold (www.afr.com)

• Charter Hall has acquired the Arana Hills Plaza, and adjoining petrol station on Patricks Road, Arana Hills for $67.1 million ($4,674/m² of GLAR), reflecting a yield of 6%.

• The centre comprises 14,355m² of GLAR and is anchored by Coles, Kmart and Aldi with 23 speciality stores.

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