Monday, 1st April 2019
New South Wales
Mixed-Farming Aggregation Sells for $25 Million (AFR)
South Korean multinational Hanwha Group has purchased the 5,798ha Warragundi mixed-farming aggregation in Mudgee, NSW that sits on the Cudgegong River.
The site was purchased from local farmers John and Sandra Harding for around $25 million ($4,312/ha).
Silverwater Warehouse Sale (AFR)
The warehouse at 16 Derby Street, Silverwater NSW 2128 has sold to a private party for $10 million ($2,940/m²).
The total 3,401m² holds a 2,942m² warehouse with the remainder of the property comprising of office space.
North Lake’s $21.5 Million Style Centre (AFR)
An 8,000m² homemaker centre at 4-6 Burke Crescent, North Lakes, QLD 4509 has been bought by fund manager, Exceed Capital for $21.5 million ($2,688/m²) – reflecting a relatively high yield of 8.15%.
Broadmeadows Industrial Facility Sold (AFR)
The industrial premises at 37-45 Camp Road, Broadmeadows VIC 3047 has been sold to a private investor for $5.5 million.
The sale represents a 6.3% yield on the 13,890m² ($396 /m²) site.