Tuesday, 7th November 2017
New South Wales
Chester Hill Mall Sold (AFR)
Sydney Developers the Nassif Family have acquired the Chester Square Shopping Centre with 8,270m² of site area at 1 Leicester Street, Chester Hill for $68.5million ($8,282/m²).
Auburn Mixed-Use Site Leased (AFR)
ASX-listed Chinese retailer, AuMake International, has leased 2,011m² of showroom, office, warehouse at 42 Percy Street, Auburn, on a five-year lease at a net annual rent of $280,000 ($139/m²).
Parramatta Retail Space Leased (AFR)
Sushi Hotaru has leased 103m² at 45 Macquarie Street, Parramatta, for five years with options on a gross annual rent of $140,000 ($1,359/m²).
Girraween Office/Warehouse Leased (AFR)
Craigs Table have leased a 362m² office/warehouse at 117 Magowar Road, Girraween, on a one year lease with a gross annual rent of $66,000 ($182/m²).
Mulgrave Woolworths Sold (AFR)
Harry Stamoulis has acquired a Woolworths Distribution Centre totaling a GFA of 68,144m² at 522 Wellington Road, Mulgrave for $90.75million ($1,331/m² of GFA).
Heidelberg Shopping Centre Sold (AFR)
A locally-based Chinese syndicate has acquired 2,520m² at 101-111 Burgundy Street Heidelberg, known as the Burgundy Plaza for $14.39million ($5,710/m²).
Port Melbourne Mixed Use Site Leased (AFR)
The Luxury Retail Group has leased 580m² of warehouse/office/showroom at 5/11 Salmon Street, Port Melbourne for $100,000 net per annum over two years with options ($172/m²).