Knight Frank

Residential Property News | 16 May 2012

Pam.G — Thu, 17 May 2012 00:07:11 +0000

• An undisclosed private investor has purchased a mixed use property on Darling Street at Balmain (in Sydney) for $6.4m. The 2 commercial suites and 18 unit apartment complex has been purchased on an approximate yield reflecting 4%. (AFR 10/5/12 pg66)

Prestige residential transactions reported this week included;

Sydney
• Residence – 17 Chalmers Road, Strathfield-$5.0m,
• Residence – 81 Stewart Street, Paddington -$2.36m,
• Residence – 102 Pittwater Road, Manly -$2.15m,
• Residence – 26 Wentworth Street, Randwick -$2.1m,
• Residence – 45 Albyn Road, Strathfield -$2.1m,

Melbourne
• Residence – 39-43 Mayfield Avenue, Malvern -$7.13m,
• Residence – 35 Broadway, Camberwell -$3.42m,

(Domain 12/5/12, Weekend Australian 12/5/12)

Industrial Property News | 16 May 2012

Pam.G — Thu, 17 May 2012 00:05:40 +0000

An undisclosed private investor has purchased 18-28 Taras Avenue, Altona North (in Melbourne) for $13m. The 17,575sq.m logistics complex has been purchased from GAF Control. (AFR 16/5/12 pg58)
An undisclosed private investor has purchased an industrial asset at 103-121 Western Avenue at Tullamarine (in Melbourne) for $7.31m. The 6,117sq.m office warehouse has been purchased on a yield reflecting 10.47%. (Melb. Age 16/5/12 pg14)
OneSteel has leased 6.420sq.m of space at 1/25 Wonderland Drive at Eastern Creek (in Sydney). The office warehouse has been leased for a 3 year term at an undisclosed rent. (AFR 15/5/12 pg50)
An undisclosed local developer has purchased 244-246 Dorcas Street at South Melbourne for $4.7m. The 826 sq.m industrial property has been purchased with vacant possession. (Melb. Age 16/5/12 pg13)
TRP Ducting Services has purchased 24 Davison Street at Maddington (in Perth) for $3.34m. The 3,119sq.m office warehouse has been purchased with vacant possession. (AFR 10/5/12 pg66)
Amplus Auto Body has leased 2,590sq.m of space at 477-479 Victoria Street at Wetherill Park (in Sydney). The office warehouse has been leased at a net rent of $105/sq.m for an undisclosed term. (AFR 15/5/12 pg50)
AADI Australia has purchased a 1,793sq.m office warehouse at 57 Meadow Avenue, Coopers Plains (in Brisbane) for $2.2m. (CM 11/5/12 pg84 )

Retail Property News | 16 May 2012

Pam.G — Thu, 17 May 2012 00:02:17 +0000

An undisclosed private investor has purchased Springhill Shopping Centre on the corner of Thompsons Road and Narre Warren Road at Cranbourne North (in Melbourne). The newly completed 5,500sq.m neighbourhood shopping centre has been purchased from Australand on a yield reflecting 8.17%. (Melb. Age 16/5/12 pg13)
An undisclosed private investor has purchased a 730sq.m retail building at 184-186 Brunswick Street, Fitzroy (in Melbourne) for $3.77m. (AFR 10/5/12 pg66)
Retail Adventures has leased 2,000sq.m of space at 250 Anzac Avenue at Kippa-Ring (in Brisbane). The retail warehouse has been leased for a 6 year term at an undisclosed rent. (AFR 15/5/12 pg50)
An undisclosed private investor has purchased 109 Ormond Road at Elwood (in Melbourne) for $2.7m. The 2 storey retail building has been purchased on a yield reflecting 3.2%. (Melb. Age 16/5/12 pg14)
An undisclosed buyer has purchased 69 Puckle Street at Moonee Ponds (in Melbourne) for $2.17m. The retail warehouse has been purchased on a yield reflecting 4.5%. (Melb. Age 16/5/12 pg13)
An undisclosed overseas private investor has purchased a 330sq.m retail building at 235-237 Elizabeth Street in the Melbourne CBD for approximately $2m. (AFR 10/5/12 pg66)

Office Property News | 16 May 2012

Pam.G — Wed, 16 May 2012 23:59:19 +0000

An undisclosed private investor has purchased 1110 Hay Street at West Perth for $29.9m. The 4,400sq.m office building has been purchased from the Gucce Group on a yield reflecting 9.1%. (West Australian 16/5/12 pg26)
A syndicate comprising Property Bank Australia and Security Capital Corporation has purchased 154 Pacific Highway at St Leonards (in Sydney) for $25.5m. The 6,427sq.m office tower has been purchased from Charter Hall Direct Property Fund. (AFR 16/5/12 pg56)
VDM has pre-committed to leasing 2,194sq.m of office space at 28 Troode Street in West Perth. The space has been leased from Ascot Capital at undisclosed terms. (West Australian 16/5/12 pg25)
The Commonwealth Bank of Australia has extended its lease by an additional 5,065sq.m of space at 357 Collins Street in the Melbourne CBD. The office space has been leased has been leased from Australand for a 10 year term at an undisclosed rent. (Melb. Age 16/5/12 pg13 )
NBN Co. has leased 1,500sq.m of space at 169 Varsity Parade, Varsity Lakes (on Queensland’s Gold Coast). The office space has been leased from Abacus Property Group at undisclosed terms. (CM 11/5/12 pg82)
The Motor Traders Association of NSW has purchased a 1,310sq.m office building at 214 Parramatta Road, Burwood (in Sydney) for $5.35m. (AFR 10/5/12 pg66)

Office Property News | 9 May 2012

Pam.G — Wed, 09 May 2012 23:53:30 +0000

Bloomberg has leased 2,642sq.m of space at One Bligh Street in the Sydney CBD. The office space has been leased from Dexus Property Group for a 12 year term at an undisclosed rent. (AFR 9/5/12 pg48)
The Australian College of Natural Medicine has leased 3,000sq.m of space at 269 Wickham Street, Fortitude Valley (in Brisbane). The office space has been leased for an 8 year term at an undisclosed rent. (CM 4/5/12 pg93)

Residential Property News | 9 May 2012

Pam.G — Wed, 09 May 2012 00:43:28 +0000

UAG has purchased 19-35 Flemington Road, North Melbourne for $22m. The 4,000sq.m mixed use zoned site is earmarked for a 300 apartment residential complex. (AFR 8/5/12 pg49)
The Portfolio Group has purchased 407 Bowen Terrace, New Farm (in Brisbane) for $2.45m. The 1,214sq.m site has been purchased from Macquarie Ventures with approval for 12 apartment complex. (CM 4/5/12 pg91)

Prestige residential transactions reported this week included;

Sydney

Residence – 13 Monash Crescent, Clontarf -$3.63 m,
Residence – 16 Upper Minimbah Road, Northbridge -$2.25m,
Residence – 4 Fletcher Street, Woollahra -$2.2m,
Residence – 24 Sublime Point Avenue, Tascott -$3.37m,

South East Queensland

Residence – 3/56 David Low Way, Sunrise Beach -$5.5m,

(Domain 5/5/12, Weekend Australian 5/5/12)

Industrial Property News | 9 May 2012

Pam.G — Wed, 09 May 2012 00:37:05 +0000

An undisclosed owner occupier has purchased 21 Ingleston Road, Tingalpa (in Brisbane) for $4.3m. The 3,700sqm office warehouse has been purchased from Aclad-Architectural Cladding Solutions. (CM 4/5/12 pg88)
eStore Logistics has leased a 10,960sq.m industrial property at 189 Boundary Road, Laverton North (in Melbourne). The warehouse has been leased at an approximate rent of $60/sq.m for an undisclosed term. (AFR 8/5/12 pg48)
BT Windows has purchased a 3,826sq.m office warehouse at Springvale (in Melbourne) for $4.4m. (AFR 3/5/12 pg60)
SAS Signage has purchased a 3,108sq.m industrial asset at Noble Park (in Melbourne) for $2.8m. (AFR 3/5/12 pg60)
An undisclosed private investor has purchased 295 Fitzgerald Road, Laverton North (in Melbourne) for $4.05m. The 10,000sq.m industrial property has been purchased on a yield reflecting 7.39%. (AFR 3/5/12 pg60)
Carey Mining has leased 1,000sq.m of space at 631 Dundas Road, Forrestfield (in Perth). The warehouse has been leased for a 3 year term at an approximate rent of $155/sq.m. (AFR 8/5/12 pg48 )

Retail Property News | 9 May 2012

Pam.G — Wed, 09 May 2012 00:34:42 +0000

Queensland Investment Corporation has purchased Noosa Civic shopping centre on Eenie Creek Road at Noosaville (on Queensland’s Sunshine Coast) for $200m. The 30,000sq.m sub regional shopping centre has been purchased from Mr Mark Stockwell. (AFR 3/5/12 pg54)
An undisclosed private investor has purchased 126-128 Pittwater Road at Gladesville (in Sydney) for $7.8m. The 4,631sq.m retail building has been purchased on a yield reflecting 8.65%. (AFR 3/5/12 pg60)
An undisclosed investor has purchased the Woolworths service station at Baldwin (in Melbourne) for $2.15m. The service station has been purchased on a yield reflecting 5.5%. (AFR 3/5/12 pg60)
• Mr Jaz Mooney has purchased the Hotel Coniston at 28 Bridge Street, Coniston (in the Illawarra region of NSW) for $5.9m. (SMH 5/5/12 pg50)

Residential Property News | 2 May 2012

Pam.G — Wed, 02 May 2012 05:37:40 +0000

Cedar Woods Properties Limited has purchased a 7ha residential infill site at 3 McKechnie Street, St Albans (in Melbourne) for $12m. The site has been purchased from Krueger Transport with the potential to yield up to 200 homes. (West Australian 2/5/12 pg28)
Metro Properties has purchased a 3,300sq.m site at Kangaroo Point (in Brisbane) for $8m. The development site is earmarked for 224 apartment complex. (AFR 27/4/12 pg46)
An undisclosed developer has purchased a 34.4ha land parcel in the “Royal Sands” residential estate at Bucasia (in Central Queensland) for $7.5m. The site has approval for a 348 lot sub-division. (CM 27/4/12 pg96)
Kenlynn Properties has purchased 166 Sydney Street, New Farm (in Brisbane) for $5m. The 3,078sq.m site is earmarked for a 50 apartment complex. (CM 27/4/12 pg80)
An undisclosed private developer has purchased a 7,716sq.m site on St Georges Road, Preston (in Melbourne) for $6m. The mixed use site is earmarked for the construction of a seven level residential complex. (AFR 26/4/12 pg60)

Prestige residential transactions reported this week included;

Sydney

Residence – 3 South Avenue, Double Bay -$2.3m,
Residence – 10 Aboukir Street, Dover Heights -$4.05m,
Residence – 37 Fairlight Crescent, Fairlight -$2.9m,

Melbourne

Residence – 21-23 Kooyongkoot Road, Hawthorn -$12.0m,
Residence – 26 Albany Road, Toorak -$11.0m,

South East Queensland

Residence – 111 Hedges Avenue, Mermaid Beach -$5.3m,

(Domain 28/4/12, Weekend Australian 28/4/12)

Industrial Property News | 2 May 2012

Pam.G — Wed, 02 May 2012 05:28:59 +0000

Toll Global Logistics has leased 18,816sq.m of space at 445 -469 Grieve Parade, Altona (in Melbourne). The warehouse has been leased from GPT at undisclosed terms. (Melb. Age 2/5/12 pg13 )
PFG Australia has pre-committed to leasing 12,000sq.m of space in the West Park industrial estate at Derrimut (in Melbourne). The warehouse has been leased from Australand at undisclosed terms. (AFR 24/4/12 pg48)
Order Management Systems has committed to leasing 5,242sq.m space at 39 Hill Road, Homebush (in Sydney). The warehouse space has been leased for a 6 year term at an undisclosed rent. (SMH 28/4/12 pg42)
Machforce has leased 4,100sq.m of space at 77 Belmont Avenue, Belmont (in Perth). The industrial space has been leased for a 7 year term at an undisclosed rent. (AFR 1/5/12 pg54)
SAS Signage has purchased a 3,108sq.m warehouse at 39-41 Overseas Drive, Noble Park (in Melbourne) for $2.8m. (Melb. Age 2/5/12 pg15)
2nd Property Company has purchased 49 Banksia Road, Welshpool (in Perth) for $3.05m. The 1,600sq.m industrial building has been purchased from Palm Industries. (AFR 26/4/12 pg60)
Ausco Modular has pre-committed to leasing an industrial facility under construction on River Road, Redbank (in Brisbane). The project on a 6.5ha site has been leased for a 10 year term at an undisclosed rent. (CM 27/4/12 pg42)
BT Windows has purchased a 3,826sq.m office warehouse at 10 Longford Court at Springvale (in Melbourne) for $4.4m. (Melb. Age 2/5/12 pg15 )
Capital Smart Repairs Australia has pre-committed to leasing 2,008sq.m of space at 118 Dunheved Circuit, St Marys (in Sydney). The office warehouse has been leased for a 5 year term at a net rent of $110/sq.m. (AFR 1/5/12 pg54)
Project Engineering and Construction has leased 1,500sq.m of space at 107 Ingleston Road, Tingalpa (in Brisbane). The warehouse space has been leased for a 3 year term at an undisclosed rent. (AFR 1/5/12 pg54)
Harvest Property has purchased 45 Brandl Street, Eight Mile Plains (in Brisbane) for $2.5m. The 1,390sq.m office warehouse is earmarked for conversion into a hi-tech industrial facility. (CM 27/4/12 pg95)
CPG Resources Mineral Technologies has leased a 2,518sq.m industrial site at 2-8 Keller Street, Carrara (on Queensland’s Gold Coast). The industrial property has been leased from Faymont for a 3 year term at a rent of $100/sq.m. (AFR 1/5/12 pg54)