Wednesday, 20th March 2019
Stockland Malls Sold (The Australian)
Stockland group has sold a pair of shopping malls located in Brisbane. The Stockland Cleveland Shopping Centre at 90-91 Middle Street, Cleveland QLD and the Toowong retail and commercial centre in Brisbane's southern suburbs were sold for a combined $143 million, reflecting a 2.9 per cent premium to combined book value.
Melbourne's Rialto Tower Lease (AFR)
A whole floor of office space in Melbourne’s Rialto Tower at 525 Collins Street, Melbourne VIC 3000 has been leased to Jones Day Lawyers. The lease for eight years and a net rent of $925/m² for 1000m² of space on level 48 of the building owned by Grollo Group and Kuwait's St Martin's Properties.
Former Supermarket Sale (AFR)
The 797m² former Foodworks supermarket at 430-434 Neerim Road, Murrumbeena VIC 3163 has sold for $3.8 million ($4767/m²).