Thursday, 5th October 2017

Kogarah Development Site Sold (AFR Pg. 45)

Level 33 has acquired an amalgamated development site with potential for 300 units at 71-97 Regent Street, Kogarah for $37 million ($123’333/Dwelling)

Huntingwood Industrial Sold (AFR Pg. 55)

Olympian Property Holdings has acquired a 1900m² warehouse – off-market – on a 6101m² site at 25 Liberty Road, Huntingwood for $5.2 million ($2’737/m² per permissible Gross Building Area).

Kogarah Bay Development Site Sold (AFR Pg. 55)

Shinecorp has acquired a 1060m² development site with an FSR of 1 – 1.5 metres at 198-200 Princess Highway, Kogarah Bay for $4.8 million ($3’019/m² per permissible Gross Floor Area).

Melbourne Retail Building Sold (AFR Pg. 55)

A Chinese investor has acquired the “Cyclone House” – a 402m² property at 17-19 Hardware Lane, Melbourne for $6.71 million ($16’692/m² per permissible Gross Building Area).

Melbourne CBD Retail Property Sold (AFR Pg. 55)

An investor has acquired a 550m² retail building at 422-428 Queen Street, Melbourne for $5.5 million ($10,000/m² per permissible Gross Building Area).
The property is on a 236m² site – comprises a ground floor café and first-floor offices.

Frankston Medical Facility Sold (AFR Pg. 55)

An investor has acquired a 3405m² medical property from a private owner-occupier at 375-378 Nepean Highway, Frankston for $5.6 million ($1’645/m² per permissible Gross Building Area).

Change in Legislation (AFR Pg. 49)

Political donations from property developers at both the state and local government level have been banned throughout QLD.

Warner Shopping Centre Sold (AFR Pg. 50)

AMP Capital – on behalf of a private client – has acquired the 11,477m² MarketPlace Warner Shopping Centre at Samsonvale Rd & Old North Road, Warner for $78.35 million ($6’827/m² GBA) – reflecting a 5.18% initial yield.
The property includes a 2456m² freestanding development site, freestanding Early Learning childcare centre and adjoining balanced land (4306m²).

Carole Park Industrial Development Site Sold (AFR Pg. 55)

A Brisbane-based developer has acquired a 3.2-hectare industrial site part of the Uniplex Industrial park at 5 Jalrock Place, Carole Park for $5.8 million ($1’812’500/Ha).

Hemmant Industrial Facility Sold (AFR Pg. 55)

Firstrade Australia has acquired a 4376m² vacant industrial facility on a 1.8-hectare site at 1300 Lytton Road, Hemmant for $5.9 million ($1’348/m² per permissible Gross Building Area).

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