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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