Thursday, 29th November 2018
Commercial Property Prices Are Slowing
Commercial Real Estate Investment decreased by 39 per cent this quarter as opposed to the third quarter in 2017. Deal flow dropped by 1 per cent to $37 billion while deal count decreased by 15 per cent.
New South Wales
Chinese Private Equity Group Shanghai United and Merricks Capital Strike a Lending Deal for $220 million
Merricks Capital completed a loan over the $420 million mixed-use and hotel development located at 203 Castlereagh Street Sydney NSW 2000. Shanghai Untied also acquired the Double Bay InterContinental Hotel in 2017.
The MindChamps Childcare Centre acquired for $7 million
The 665 m² property at 93 Macpherson Street Warriewood NSW 2102 is on a 10-year lease with a net annual income of $400,852 and 5.7% yield.
Melbourne Childcare Centre Has Been Sold for $7.26 million
The St Elena Early Learning Centre at 189 St Helena Rd, Greensborough VIC 3088 generates $432,000 with a new 15-year lease. The 1001 m² property has been purchased on a 5,95 per cent yield.