• Patrick Ewing

Tuesday, 26th September 2017

New South Wales

Eastern Creek Industrial Estate Leased (AFR Pg. 40)

  • Homeware products distributor Sheldon and Hammond has committed for 10-years to a 31’000m² warehouse – what will be building three of Mirvac’s Calibre Estate at 60 Wallgrove Rd, Minchinbury.

  • The rent was not disclosed – prime industrial rents in the area average between $115m² and $135m².

Sydney Office Space Leased (AFR Pg. 42)

  • MultiCloud service provider VMtech has sub-leased a whole floor totalling 1032m² at Level 16, Australia Square – 264 George Street Sydney from sub-lessor NSW Water until 2019.

  • The rent was not disclosed but gross rents in the building range from $800/m² to $850/m².

Granville Office/Warehouse Leased (AFR Pg. 42)

  • Chemicals Company Lanxess has sub-leased a 3782m² office/warehouse at 2B Factory Street Granville for $125/m² on a 5-year lease with options from Knorr-Bremse Australia.


Prestons Development Site Sold (AFR Pg. 43)

  • A local developer has acquired a 1780m² development site at 264-266 Ragland Street, Prestons for $5.02 million ($2’820/m² of site area).


Fortitude Valley Office Building Sold (The Australian)

  • Singapore-listed Ascendas REIT has acquired an office building from Keystone Private at 100 Wickham Street, Fortitude Valley for $83.83 million ($6’384/m² per permissible net lettable area), reflecting an initial yield of 8%.

  • The 16-level building has 13’131m² of NLA, is leased to government and ASX listed tenants – includes; 96 parking bays.

#EasternCreekIndustrialEstateLeased #SydneyOfficeSpaceLeased #GranvilleOfficeWarehouseLeased #PrestonsDevelopmentSiteSold #FortitudeValleyOfficeBuildingSold