- Patrick Ewing
Thursday, 15 December 2016

New South Wales
Macquarie Park Office Building Sold (www.afr.com)
Joint venture partners B1 Group and Shimao have acquired Avaya House at 123 Epping Road, Macquarie Park for $118 million ($7,303/m² of NLA), reflecting a yield of 6.1%.
The building comprises 16,158m² of NLA and occupies a 1.28ha site.
Bondi Junction Retail Property Sold (www.afr.com)
A private investor has acquired a 354m² retail space at 241 Oxford Street, Bondi Junction for $9.28 million ($26,215/m² of NLA), reflecting a yield of 5.56%.
Waverley Apartment Building Sold (www.afr.com)
A private investor has acquired a 9 unit apartment building at 36 Albion Street, Waverley for $9.65 million ($1,072,222/approved unit), reflecting a gross yield of 2.8%.
Victoria
St Kilda Office Building Sold (www.afr.com)
Tong Eng Group has acquired an 11-level office building at 5 Queens Road, St Kilda for $116.3 million ($6,646/m² of NLA), reflecting a yield of 5.6%.
The building comprises 17,500m² of NLA.
Geelong Distribution Centre Sold (www.afr.com)
A private investor has acquired a distribution centre at 79-95 Corio Quay Road, Geelong for $19.5 million ($896/m² of lettable area), reflecting a yield of 9.23%.
The building comprises 21,772m² of lettable area and occupies a 5ha site.
Cheltenham Office and Warehouse Property Sales Wrap (www.afr.com)
An owner occupier has acquired a 1,420m² office and warehouse property at 27 Viking Court, Cheltenham for $2.23 million ($1,570/m² of building area).
An owner occupier has acquired a 730m² office and warehouse property at 24 Viking Court, Cheltenham for $1.25 million ($1,712/m² of building area).
South Yarra Retail Property Sold (www.afr.com)
A private investor has acquired a 250m² retail property at 403 Chapel Street, South Yarra for $5 million ($20,000/m² of NLA), reflecting a yield of 4.16%.
Brooklyn Industrial Property Sold (www.afr.com)
Sector Property Group has acquired an industrial property at 13-21 Export Drive, Brooklyn for $4.2 million ($412/m² of land area), reflecting a yield of 4.5%.
The developer has plans for subdivision and development.
Queensland
Sunshine Coast Office Building Sold (www.afr.com)
A private investor has acquired a 2,700m² office building on the Sunshine Coast for $10.2 million ($3,778/m² of NLA).
Booval Large Format Retail Property Sold (www.afr.com)
Properties and Pathways has acquired a large format retail property at 232 Brisbane Road, Ipswich for $9.25 million ($3,355/m² of NLA), reflecting a yield of 6.8%.
The building comprises 2,757m² of lettable area and has a WALE of 7.6 years.
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