Thursday, 27 April 2017

Sydney Office Building Sold (www.afr.com)

A foreign investor has acquired the office building at 20 Bridge Street, Sydney for approx $340 million ($16,710/m² of NLA), reflecting a sub-5% yield.
The property comprises 20,347m² of NLA over 13-levels and has a WALE of 7 years.

Leichhardt Development Site Sold (www.afr.com)

Changfa Investments has acquired a 7,149m² development site at 141 Allen Street, Leichhardt for $55 million ($7,693/m² of site area).
The site has development approval for 140 units across six buildings ($392,857/approved unit).

Geelong Mixed Use Development Site Sold (www.afr.com)

Franze Development has acquired a 2,700m² mixed use development site at 44 Ryrie Street, Geelong for $7 million ($2,593/m² of site area).

Altona Industrial Facility Sold (www.afr.com)

Matthew Brothers Engineering has acquired an industrial facility at 58-86 Toll Drive, Altona for $7 million ($1,877/m² of building area).

West Melbourne Warehouse and Showroom Sold (www.afr.com)

A private investor has acquired a 506m² warehouse and showroom property at 45-47 Batman Street, West Melbourne for $3.7 million ($7,312/m² of building area).

Strathmore Development Site Sold (www.afr.com)

A private developer has acquired a 3,714m² development site at 494 Pascoe Vale Road, Strathmore for $3.4 million ($915/m² of site area).

Truganina Industrial Facility Sold (www.afr.com)

A private investor has acquired a 2,227m² industrial facility at 29 Efficient Drive, Truganina for $2.5 million ($1,123/m² of building area), reflecting a yield of 6.9%.

Hamilton Motel Sold (www.afr.com)

A private investor has acquired a 25 room hotel at 114 Kingsford Smith Drive, Hamilton for $2.5 million ($100,000/key).

Morningside Industrial Facility Sold (www.afr.com)

A private owner-occupier has acquired a 2,901m² cold storage and distribution facility at 164 Riverside Place, Morningside for $4.58 million ($1,579/m² of building area), reflecting a yield of 8.3%.

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