Wednesday, 25 January 2017

New South Wales

Sydney Commercial Development Site Sold (www.afr.com)

• Built has acquired the 99-year leasehold to a 1,030m² commercial development site at 183-185 Clarence Street, Sydney for $22.75 million ($22,087/m² of site area).

Victoria

South Melbourne Development Site Sold (www.afr.com)

• The Salvo Property Group has acquired a 9,776m² residential development site at 60-82 Johnston Street, South Melbourne for $40 million ($4,092/m² of site area).

• The site has a development permit for 1,379 units across four towers ($29,000/approved unit).

#SydneyCommercialDevelopmentSiteSold #SouthMelbourneDevelopmentSiteSold