Monday, 10 April 2017

New South Wales

Sydney Auction Clearance Rates (www.domain.com.au)

• Sydney recorded an auction clearance rate of 81% over the weekend with 1,154 properties listed.

Victoria

Melbourne Auction Clearance Rates (www.domain.com.au)

• Melbourne recorded an auction clearance rate of 81% over the weekend with 1,245 properties listed.

Albert Park Mixed Use Property Sold (www.afr.com)

• A foreign investor has acquired a mixed use asset at 97 Beaconsfield Parade, Albert Park for $18 million ($8,046/m² of GFA), reflecting a yield of 4.2%.

• The property comprises the Beach Hotel and the adjoining supermarket.

• The Beach Hotel comprises a GFA of 1,850m² and offers function rooms, courtyard bistro, 12 guest rooms to the first floor and 32 EGMs.

• The supermarket comprises a GFA of 387m².

Queensland

Brisbane Office Building Sold (www.afr.com)

• Ariadne Australia has acquired an 11-level commercial building at 40 Tank Street, Brisbane for $56.1 million ($8,046/m² of GLA).

• The building comprises 6,218m² of GLA and is at 81% occupancy with a WALE of 7 years.

National

Industrial Portfolio Sold (www.afr.com)

• Blackstone has acquired a four asset industrial portfolio for $126 million, reflecting a yield of 6.98%.

• The portfolio comprises 150,000m², is at 95% occupancy with a WALE of 5.2 years.

• Two assets are located in Victoria, while the other two are located in Queensland.

#SydneyAuctionClearanceRates #MelbourneAuctionClearanceRates #AlbertParkMixedUsePropertySold #BrisbaneOfficeBuildingSold #IndustrialPortfolioSold