Tuesday, 31 January 2017
New South Wales
Sydney Office Space Leased (www.smh.com.au)
Allens Linklaters has resigned to lease 8,424m² of office space for 7.5 years at 126 Phillip Street, Sydney for an undisclosed amount.
Melbourne Strata Office Market (www.smh.com.au)
Industry research indicates strata office values have increased 25% over 2016, while vacancy is recorded at 3%.
Milton Residential Development Site Sold (www.smh.com.au)
Kokoda Property has acquired a 1,209m² residential development site at 19-23 McDougall Street, Milton for $12.5 million ($10,339/m² of site area).
The site was sold with Development Approval for 235 units ($53,191/approved unit).