• Patrick Ewing

Tuesday, 12th November 2019

New South Wales

Auburn Warehouse Lease (AFR)

· Bollini Home Deco Australia have leased a warehouse at 20-22 Hampstead Road, Auburn NSW 2144 for five years.

· The building has three roller shutter doors and offers truck and container access, whilst being leased at a net annual rent of $142/m².

North Sydney Lease (AFR)

· Metcash have leased a 263m² retail property on the ground floor of Platino Properties’ mixed-use project at 231 Miller Street, North Sydney NSW 2060.

· The five-year lease with options was struck at a net annual rent of about $585/m² ($153,855).

Stockland Double Office Purchase (AFR)

· Stockland have rehashed its strategy with the purchase of a North Sydney office tower adjacent to one it already owns from the son of the company's founder Ervin Graf.

· The seven-level tower at 118 Walker Street, North Sydney NSW 2060 from Michael Graf's Menora Nominees, and the neighbouring 122 Walker Street in a separate transaction.

· Stockland paid $121 million for the pair but did not disclose the individual prices.

· The buildings adjoin Stockland's existing building at 110 Walker Street to create a 2300m² redevelopment site close to the future Victoria Cross metro station.


Brisbane Office Lease (AFR)

· Singaporean group Mapletree Investments have signed up two new tenants, for more than 6000m² of office space at its office complex at 144 Montague Road, South Brisbane QLD 4101.

· Dialog Information Technology have leased 3322m² of space on level 4 on a 10-year term.

· The Queensland Building and Construction Commission (QBCC) have leased 2680m² of space on level 1 for 4 years.

· Both leases came with incentives in the form of fit-outs and a rental reductions.


Hawthorn Office Lease (AFR)

· Commercial business Inlogik have expanded into a 979m² office at 192 Burwood Road, Hawthorn, VIC 3122 on a three-year term with options at a gross annual rent of $420/m² ($411,180).

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