Thursday, 3rd August 2017
New South Wales
Macquarie Park Office Building Sold Off-Market (AFR)
A local investor has acquired a 12,000m², six-level Office Building at 8 Khartoum Road, Macquarie Park for $95.3 million ($7’914 GBA).
Alexandria Development Site Sold (AFR)
A local developer has acquired a 988m² Development Site at 3 Ralph Street, Alexandria for 8.3 million with development approval for 29 apartments and basement parking.
The property sold for $4,200 per permissible Gross Floor Area (GFA).
Fairfield Industrial Site Sold (AFR)
Prochem Pipeline Products has sold its 2937m² Warehouse/Office at 27 Lisbon Street, Fairfield for $5.405 million ($1’840/m² GBA) to a private investor with a 12 month leaseback.
Melbourne Office Building Sold Off-Market (SMH)
Charter Hall has acquired a 12,700m², seven-level Office Building at 990 La Trobe Street, Docklands for $114.5 million ($9’016/m² GBA).
Melbourne Office Tower Sold (AFR)
Singapore’s Rockworth Capital Partners have acquired a 16,307m² Office Tower at 390 St Kilda Road, Melbourne for $56 million ($3’434/m² GFA).
The property delivered a profit on sale of 45% to Sydney-based fund manager Fort Street Real Estate.
Burpengary Sale and Leaseback (AFR)
Kratzmann Caravans has sold and leased back its 2 Hectare headquarters in the Burpengary Business Precinct from Apollo Tourism & Leisure for $10.33 million ($5’165,000/Ha).
The property comprises a 4982m² building and sold on a yield of 7%.