Thursday, 20th July 2017
Office Leasing Market Update (AFR)
The national vacancy rate in the $225 billion commercial office market is at its lowest point in four years, falling to 10.9% in the 2nd quarter of 2017.
New South Wales
North Sydney Office Building Sold (AFR)
An offshore private investor has acquired a B-grade, 6023m² office tower with a scheme for 70 apartments at 8 West Street, North Sydney for $60 million ($9,962/m²), reflecting a yield of 5.5%.
Prestons Englobo Land Holding Sale (AFR)
Anvest Holdings has acquired a 1.97 Ha parcel of land zoned low density with residential development potential at 28-50 Skipton Lane, Prestons for $8.15 million ($4,137,056/Ha)
Melbourne Medical Centre Sold (AFR)
An offshore investor has acquired a 4117m² Medical Asset leased to Healthscope with permit for 20 practitioners at 56 Victoria Crescent, Narre Warren for $11 million ($2,672/m²), reflecting a yield of 4.97%.
Brisbane Health Centre Sold (AFR)
Heathley has acquired the 2496m² Coorparoo Health Centre at 332-342 Old Cleveland Road, Coorparoo for $18 million ($7,212/m²), reflecting a yield of 6.25%.
Murarrie Warehouse Sold (AFR)
A private owner-occupier has acquired a 4400m² two-level warehouse facility at 185 Queensport Road, Murarrie for $6.25 million ($1,420/m²).