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  • Patrick Ewing

Thursday, 29th November 2018


National

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.

Victoria

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.

#Melbourne #ChildcareCentre #MerricksCapital #CommercialRealEstate #203CastlereaghStreetSydney

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