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).

Victoria

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).

#ChesterHillMallSold #AuburnMixedUseSiteLeased #ParramattaRetailSpaceLeased #GirraweenOfficeWarehouseLeased #MulgraveWoolworthsSold #HeidelbergShoppingCentreSold #PortMelbourneMixedUseSiteLeased