Tuesday, 19th September 2017

New South Wales

Weatherill Park Industrial Warehouse Leased (AFR Pg. 41)

• Singapore-based investor Mapletree has secured a local online warehousing-distribution business to occupy a lot within its 3,830m² Industrial property at 407 Victoria Street, Weatherill Park.

• The tenant will pay a net annual rent of $410,614.

Roseville Development Site Sold (AFR Pg. 40)

• The Mayrin Group has acquired a 6,778m² amalgamated site with development potential for 40 townhouses at 130-138 Archer Road and 10a, 12 and 14 Boundary Street, Roseville for $35 Million ($875,000/dwelling).

• The site has the potential to yield 6100m² of GFA based on an existing FSR of 0.9:1 and HOB: 12 metres.

• The site is situated just 600 metres from Chatswood’s CBD.

Byron Bay Pub Sold (AFR Pg. 36)

• In an off-market transaction Impact Investment Group – owned by the Liberman family – has acquired the Beach Hotel at 1 Bay St, Byron Bay for $70 million from Melbourne Businessman Max Twigg.

• The freehold titled property was struck on a 6.3% yield, brings in an annual revenue of $4.3 million and sold with a 10-year lease to a well-known Melbourne Pub Industry Identity.

Victoria

Hallam Industrial Property Sold (AFR Pg. 40)

• Investec Australia has acquired a 15,504m² Industrial Property Holding at 6-8 and 11 Siddons Way, Hallam for $22 million ($1,419/m² per permissible gross floor area) reflecting an initial yield of 6.3%.

Queensland

Brisbane Mall Sold (AFR Pg. 39)

• Elanor Investors Group has acquired the 10,000m² Bluewater Square Neighbourhood Shopping Centre at 20 Anzac Ave, Redcliffe for $55 million ($5,500/m² per permissible site area) from private equity group Alceon.

• The mall sold on a passing yield of 7% and is anchored by a 3,941m² full-line Woolworths supermarket leased to 2028.

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