Thursday, 2 March 2017
Melbourne Retail Property Sold (www.afr.com)
A foreign investor has acquired a 730m² retail property at 405 Collins Street, Melbourne for $4.64 million ($6,356/m² of lettable area), reflecting a yield of 3.97%.
Lytton Office and Warehouse Property Sold (www.afr.com)
A private investor has acquired a 1,996m² office and warehouse at 59 Export Street, Lytton for $3.655 million ($1,831/m² of lettable area), reflecting a yield of 7.44%.
Springwood Mixed Use Development Site Sold (www.afr.com)
Huever Pty Ltd has acquired a 1,238m² mixed use development site at 9-11 Carol Avenue, Springwood for $2.1 million ($1,696/m² of site area).