Monday, 3rd June 2019
New South Wales
Hunter Valley Winery Sale (AFR)
40 hectares of vineyards a 534 Oakey Creek Road, Pokolbin, NSW 2320 has been sold by Sydney fund manager Michael Alexander Hill to a Sydney-based purchaser for $2.605 million ($65,125/ha).
The estate includes a four-bedroom European-style residence and cellar door.
Makerston House Office Tower Sold (AFR)
ASX-listed Challenger has sold the Makerston office tower at 30 Makerston Street, Brisbane City, QLD 4000 to Sentinel Property Group for $103 million ($6,866.67/m²) for Sentinel’s Regional Office Trust.
The tower, sold on a net passing yield of 7.85%, offers almost 15,000m² of space across its 13 levels.
Chinese Investor Revealed as St Kilda Road Buyer (AFR)
The 19,645m² of office space at 509 St Kilda Road, Melbourne, VIC 3000 has been revealed to have been purchased by Chinese developer, Runjiang Investment Group for $163 million ($8297.28/m²).
The tower is 100% leased to a range of established national and international tenants including AIA Australia, Fuji Xerox and Webjet, providing a WALE of 4.5 Years.
The tower was sold by property tycoon, John Beville.