Thursday, 20th July 2017

National

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)

Victoria

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%.

Queensland

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)​

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• A private owner-occupier has acquired a 4400m² two-level warehouse facility at 185 Queensport Road, Murarrie for $6.25 million ($1,420/m²).

#OfficeLeasingMarketUpdate #NorthSydneyOfficeBuildingSold #PrestonsEngloboLandHoldingSale #MelbourneMedicalCentreSold #BrisbaneHealthCentreSold #MurarrieWarehouseSold