• Patrick Ewing

Monday, 10 April 2017

New South Wales

Sydney Auction Clearance Rates (

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


Melbourne Auction Clearance Rates (

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

Albert Park Mixed Use Property Sold (

  • 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.


Brisbane Office Building Sold (

  • 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.


Industrial Portfolio Sold (

  • 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

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