Wednesday, 5th December 2018
New South Wales
Western Sydney Retail Asset Sold (AFR)
AMP Capital has finalised a deal with Real estate investment manager Ashe Morgan for the sale of its 48,400m² Crossroads Homemaker Centre at Beech Road & Camden Valley Way, Casula NSW 2170. The deal for $140 million comes with a passing yield of 6.75% with potential for 7% when fully leased.
Darling Harbour Wharf Precinct Dealt to Private Investors (AFR)
Darling Harbour’s King Street Wharf restaurant precinct has been bought for $125.5 million by Markham, a private property investment group, from LaSelle Investment Management. The fully-leased 7700m² area holds a yield of 6.02% with existing tenants including Cargo Bar and Bungalow 8.
New South Vales and Victoria
Blackstone Adds to Portfolio (AFR)
Private equity firm Blackstone has added two industrial facilities in Blacktown, Sydney and Sunshine North, Melbourne for a combined $33 million. The Blacktown property at 46 Bessemer Street Blacktown NSW 2148 leased to Valspar includes of a 10,220m² building and 32,269m² of land area. The property at 323-325 St Albans Road Sunshine North VIC 3020 exists on a 4.5ha site with more than 10,000m² of building area.
Industrial REIT Adds Big Value (AFR)
The fully leased 44,340m² industrial property at 149 Kerry Road Archerfield QLD 4108 has been purchased by the Centuria Industrial REIT, part of Centuria Capital Group, on an initial yield of 6.5% for $30.6 million.
#WesternSydney #AMPCapital #AsheMorgan #DarlingHarbour #DarlingHarbourWharfPrecinct #KingStreetWharf #Markham #LaSelleInvestmentManagement #Blackstone #Blacktown #CenturiaCapitalGroup #IndustrialREITAddsBigValueAFR #BlackstoneAddstoPortfolioAFR #DarlingHarbourWharfPrecinctDealttoPrivateIn #WesternSydneyRetailAssetSoldAFR