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.

Queensland

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