Singapore listed Ascendas REIT is paying $23.5 million on a funds-through basis for a distribution centre in Sydney’s west. The vendor is Pelligra Group, a diversified developer and investor based in Melbourne. On 2.7 hectares at 7 Kiora Crescent, the 13,100 sqm facility is due for completion in the second quarter of 2021. It will

Primewest has snapped up two more Sydney shopping centres for its newly mandated Australian Daily Needs trust. The Pemulwuy and West Ryde marketplaces cost a total of $91.5 million from Charter Hall. The purchaser will pool the two properties with Spring Farm Shopping Centre, for which it paid $34.75m in a deal reported last week,

Amazon today trebled its Australian industrial occupancy, announcing the pre-commitment of an automated fulfilment centre in Sydney’s west. Amazon Robotics, under construction at the $1.5 billion Oakdale West industrial park in Kemps Creek, will include 200,000 square metres over four floors. On 1.5 hectares, it is configured with 1148 parking bays for cars and 64

Not for profit mental health and support group, Wellways Australia, has rented a larger office space within Yuhu Group’s Pymble Corporate Centre, in north west Sydney. The five year lease for the first floor tenancy at 20 Bridge Street, Pymble, was struck with the net starting rent at $350 per square metre, per annum. The

A local developer has spent $4.2 million on a warehouse in Sydney’s west Auburn with plans for a mid-rise hotel. The 2074 square metre site at 211-217 Parramatta Road, on the north west corner of Sharratt Street, is passed by more than 22,000 vehicles a day, the selling agents said. With a 1000 sqm vacant

An eight storey office in central Parramatta has sold for just over twice the price it last traded for, in 2012. A private investor is buying 16-18 Wentworth Street from Chandru Tolani and Sanjay Kumar’s Chandry Enterprises, for nearly $40 million. The 6400 square metre asset was fully occupied eight years ago; today it is

Singapore based Peakstone is paying Dexus $530 million for a renovated 30-year old building at 45 Clarence Street, at the western edge of Sydney’s financial district. The deal is being struck on a five per cent passing yield. The price also comes in over the June, 2019, book value ($507m). Adjacent to the Barangaroo precinct,

Qube has pre-committed Woolworths to two automated logistics centres, set to neighbour each other and be connected by an air bridge, in Sydney’s Moorebank. The supermarket giant will occupy one – measuring 40,700 square metres – as its national distribution centre (NDC). A smaller, 34,600 sqm factory will be its regional distribution centre (RDC). “The

Revered restaurateur Maurice Terzini will open a CicciaBella osteria within Lang Walker AO’s $3.2 billion Parramatta Square, in west Sydney. The venue will be a suburban outpost to the Bondi Beach eatery which opened last October in the former Da Orazio space at 75-79 Hall Street. Mr Terzini’s first restaurant, high-end diner, Otto, was established

South Eveleigh “groundscraper” The Foundry has reached practical completion. NSW premier Gladys Berejiklian with Matt Comyn, the chief executive officer of Commonwealth Bank of Australia, which will tenant the whole building, attended the socially distanced celebratory launch, yesterday. Mirvac chief executive officer Susan Lloyd-Hurwitz, on behalf of the development consortium which also includes AMP Capital

Enmore’s Sly Fox Hotel leasehold has sold to local publican Ged Dore for $10.75 million. The triple storey property at 199 Enmore Road will reopen as a community focused enterprise, according to various reports. The last operators closed the venue in January following a four year dispute with NSW Licensing authorities related to its 24-hour

EXCLUSIVE Stockland is banking $8.85 million selling a town centre development site in north west Sydney to Eildon Funds Management. Elara Village was only permitted for construction last month. At that time, the owner also revealed it secured Coles as anchor tenant for the 8622 sqm complex which is additionally configured with a childcare facility,

Woolworths has sold another modern shopping centre investment, this time in Sydney’s south west Spring Farm, banking $34.75 million. The buyer is Primewest – which has recently been active in its Perth home-town, spending $75m on Seven Media’s headquarters off market, and $33.1m on a West Perth office. Last August, the purchaser outlaid $44.25m on

Dixie Cummings Enterprises has leased two warehouses in Lidcombe’s Carter Street – one on land owned by China’s Yunnan provincial government earmarked for major urban renewal. A “rush on particular consumer items” has resulted in the need for the additional space, according to Colliers International’s Tony Durante and Phillip Bradac. The agents added they have

Telstra can expect between $250-$300 million from the sale of a Sydney CBD telephone exchange. At 76-78 Pitt Street, the 16-level broadcast operations centre was renovated four years ago. The vendor is going to offer the asset with a 10-year leaseback, according to this item with more details in The Australian. In March it was

Woolworths’ SCA Property Group has banked $9.7 million from a small retail centre in the Southern Highland town of Mittagong, almost halfway between Sydney and Canberra. Mittagong Shopping Village at 126-130 Main Street, but also with frontage to Old Hume Highway and Bowral Road, is trading to a private investor following an off-market campaign. The

At an unusual auction yesterday, two feuding brothers contested for a North Bondi investment they appointed agents to sell – pushing the end price to more than $8 million over the reserve. On a 689 square metre block, 286-294A Campbell Parade, with four ground floor shops and six upstairs apartments, traded for $25.4m. Five bidders