Friday, 28th July 2017
New South Wales
Mascot Office Building Sold (www.theaustralian.com.au)
AMP has acquired Building 1 that has a net lettable area of 5,640m² at 185 – 191 O’Riordan Street, Mascot for $43.6million ($7730/m² of net lettable area).
The building has been acquired fully leased.
South Melbourne Site Sold (AFR)
The Deague Group has acquired a 4,100m² site at 81 – 109 Moray Street, South Melbourne for $24.65million ($6,012/m² of site area).
The building has a permit to develop 15,000m² of office space.
Melbourne Office/Retail Building Sold (www.smh.com.au)
A private investor has acquired an office/retail building with a GLA of 2,591m² at 124-130 Russell Street, Melbourne for approximately $23million ($8,876/m² of GLA).
The building has been acquired with a yield less then 1%.
Melbourne Retail Building Sold (www.smh.com.au)
A private investor has acquired a retail building with 788m² of GLA at 4 Prospect Hill, Camberwell for $7.03million ($8,921/m² of GLA).
The building has been acquired with a 4.2% yield and new 5 year leases.