Wednesday, 26 April 2017
New South Wales
Rydalmere Office Lease (www.smh.com)
Oliver Brown has leased a 684m² office property for 5 years at 38-46 South Street, Rydalmere for $145/m² gross p.a.
Greystanes Warehouse Lease (www.smh.com)
Parton’s Wines Distribution has leased a 4,355m² warehouse for 10 years at 1 Butu Wargun Drive, Greystanes for $115/m² net p.a.
Sydney Retail Property Lease (www.smh.com)
Gong Cha has leased a 60m² retail property for 5 years at 501 George Street, Sydney for $6,667/m² gross p.a.
Crows Nest Office Property Lease (www.smh.com)
Data Transformed has leased a 238m² office property for 3 years at 10-12 Clarke Street, Crows Nest for $350/m² gross p.a.
Mascot Industrial Lease (www.smh.com)
Zookal has leased a 601m² industrial unit for 2 years at 1 Coggins Place, Mascot for $200/m² gross p.a.
Melbourne Office Building Sold (www.afr.com)
Oriental Holdings has acquired a 2,014m² office building at 247 Collins Street, Melbourne for $35 million ($17,378/m² of lettable area), reflecting a yield of 4.2%.
The building has 100% occupancy with a WALE of 7.5 years.
Officer Shopping Centre Sold (www.afr.com)
A foreign investor has acquired the 8,167m² Arena Shopping Centre at 4 Cardinia Road, Officer for $48 million ($5,877/m² of GLAR), reflecting a yield of 5.38%.
The centre is anchored by a Woolworths tenant with 25 specialty retailers, a freestanding McDonald’s and Caltex Service Station.
Mickleham Mixed Use Development Site Sold (www.afr.com)
MAB Corporation & Gibson Property Corporation have acquired a 131ha mixed use site at 225-286 Donnybrook Road, Mickleham for $70 million ($534,351/ha).
The site comprises 71ha of land zoned residential with development potential for 960 residential lots and 1.3ha town centre, and 60ha of land zoned industrial with development potential for a 148 lot industrial subdivision.
#RydalmereOfficeLease #GreystanesWarehouseLease #SydneyRetailPropertyLease #CrowsNestOfficePropertyLease #MascotIndustrialLease #MelbourneOfficeBuildingSold #OfficerShoppingCentreSold #MicklehamMixedUseDevelopmentSiteSold