• Patrick Ewing

Tuesday, 13 December 2016

New South Wales

Darling Harbour Ground Lease Sold (

  • Rothesay has acquired the 30 year ground lease over 136,000m² at Darling Quarter for $192 million ($1,412/m² of lettable area).

Sydney Retail Space Leased (

  • F45 has leased a 201.5m² retail space for 5 years at 19-21 Hunter Street, Sydney for $447/m² gross p.a.

Sydney Industrial Lease Wrap (

  • LEOCH Battery has leased a 500m² warehouse property for 3 years at 29 Tarlington Place, Smithfield for $115/m² net p.a.

  • Gobain Solar Gard has leased a 1,111m² office and warehouse property for 5 years at 7 Walker Place, Wetherill Park for $110/m² net p.a.

  • Branding Worldwide has leased a 674m² office and warehouse property for 3 years at McCauley Business Park, Port Botany for $230/m² gross p.a.

Parramatta Commercial Property Sold (

  • Holdmark has acquired a single level commercial property at 41 George Street, Parramatta for $23 million ($6,876/m² of land area), reflecting a yield of 3.17%.

  • The property occupies a 3,345m² site area and comprises a net lettable area of 2,200m² ($10,455/m² of NLA).

  • The site has an FSR of 10:1 permitting some 33,450m² of GFA ($688/m² of permissible GFA).

Yennora Industrial Property Sold (

  • Propertylink has acquired a 31,086m² A-grade industrial property at 205-231 Fairfield Road, Yennora for $46.6 million ($1,499/m² of lettable area), reflecting a yield of 7.39%.

  • The building occupies a 5.5ha site with a WALE of 6.6 years.


Southbank Office Building Sold (

  • A foreign investor has acquired the 22,000m² office building at 12 Riverside Quay, Southbank for $160 million ($7,273/m² of NLA).

Melbourne Office Lease Wrap (

  • Cognizant Technology Solutions has leased a 1,400m² office space for 5 years at 15 William Street, Melbourne for $300/m² net p.a.

  • Procept has leased a 1,311m² office space for 7 years at 700 Springvale Road, Mulgrave for $320/m² gross p.a.

Melbourne Industrial Lease Wrap (

  • The Cargo Warehouse has leased a 1,985m² industrial facility for 3 years at 32 Sunline Drive, Truganina for $75/m² GBA gross p.a.

  • Tong & Long has leased a 680m² office and warehouse property for 3 years in Campbellfield for $76/m² net p.a.

Melbourne Retail Space Leased (

  • BeautiFeel has leased a 50m² retail space for 5 years at 146 Little Collins Street, Melbourne for $1,900/m² gross p.a.


Brisbane Retail Lease Wrap (

  • Westpac Bank has leased a 185m² retail space for 7 years at 40 Creek Street, Brisbane for $2,300-$2,500/m² net p.a.

  • National Tiles has leased a 1,056m² retail showroom for 7 years at 63 Factory Road, Oxley for an undisclosed sum.


Marina Portfolio Sold (

  • Joint venture partners Goldman Sachs and Balmain Corporation have acquired the d’Albora Marinas portfolio comprising 1,300 berths for $126 million ($96,923/berth), reflecting a yield of 8%.

  • The portfolio comprises marinas at Rushcutters Bay, The Spit and Cabarita Point in Sydney, two at Nelson Bay and Akuna Bay north of Sydney, and two marinas adjacent to the Melbourne CBD.

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