Monday, 15th July 2019

New South Wales

Castlereagh Street Lease (AFR)

• Investa and Stockland have leased 196.5m² of office space at their A-grade office tower at 133 Castlereagh Street, Sydney, NSW 2000 to property developer CM Commercial.

• The suite is being leased at an annual rent of $1,000/m² ($196,500) for a 5-year lease.

Queensland

Auctioned Farm Site Sells for $14 Million (AFR)

• The 3185-hectare freehold cattle breeding and fattening property ‘Illuka’ was auctioned off with 11 bidders and eventually sold off for $13.9 million ($4,364/ha).

• The property is located west of Taroom in Central Queensland's Brigalow Belt.

• The buyers were well-known Central Queensland livestock farmers, the Finger family.

Victoria

Telstra’s Melbourne Headquarters Sold (AFR)

• Charter Hall, with a partnership with one of Canada’s largest pension funds, Public Sector Pension Investment Board, has purchased Telstra’s Melbourne HQ at 242 Exhibition Street, Melbourne, VIC 3000 for $830 million ($12,576/m²).

• The 47-storey office tower is an A-Grade building with a net lettable area of about 66,000m², with Telstra's lease running until at least 2032 with annual fixed rental reviews of 3.5%.

Toorak Road Shopping Purchase (AFR)

• Property developer Bill McNee has paid $80 million for has purchased the Village Way shopping arcade in Toorak Village at 489 Toorak Road, Toorak, VIC 3142 for $80 million.

• The property comprises a 2594m² site with an arcade fronting Toorak Road and a car park at the rear. The deal equates to a land rate of more than $30,000/m².

• The property was acquired in an off-market deal from its long-time owners, the Allen family.

#CastlereaghStreetSydney #SydneyCBDOffice #SydneyCBDOfficeLease #Stockland #Investa #Farm #Telstra #CharterHall #Toorak #ToorakRetail