Western Sydney Parklands Trust is seeking a development partner, or one to take a ground lease, for all or part of a prominent Eastern Creek site earmarked for a $400 million-plus industrial estate. The government arm earlier this month launched an expressions of interest campaign for the recently permitted Light Horse Business Hub project. About

Primewest has secured Kelly+Partners to a 636 square metre, recently renovated ground floor office in Sydney’s north Brookvale. The chartered accounting firm will also buy naming rights at 120 Old Pittwater Road, following a six year deal negotiated by CBRE’s Ben Byford. The starting annual net rent for the lettable area is $200 per sqm.

An owner occupier paid $5.37 million at auction for a Badgerys Creek site set to be rezoned for major commercial development. The 2.26 hectare rectangle shaped tract, 110 Martin Road, was contested by developers, investors, and other business owners too, Colliers International marketing agents Thomas Mosca, Nick Estephen and James Cowan, said. It traded for

Frasers Property Industrial and Winten Property Group are selling an unbuilt office at their proposed Macquarie Exchange business park to Ascendas Reit. The $167.2 million deal for MQX4, at 396 Lane Cove Road, Macquarie Park, is expected to settle late this year. The vendors will complete construction in mid-2022. It was offered as an investment

LF Logistics has expanded its tenancy at a business park being developed by LOGOS in Sydney’s north west Marsden Park. The occupier in June committed to a 13,000 square metre purpose-built facility – now under construction. Today it announced it will bolt on another 9700 sqm warehouse – to deal with “growing e-commerce customers in

Keppel REIT is paying $306 million for a modern and near fully occupied commercial investment in Sydney’s north west. Pinnacle Office Park, with two mid-rise, A-grade offices and a shorter building with development upside, is trading on a 5.25 per cent initial passing yield. Goodman Group is the vendor. The asset is in Macquarie Park,

Uniting Care is paying the Franciscan Order of Friars Minor more than $17 million for a 6.6 hectare Campbelltown site within the recently rezoned and master-planned Maryfields Estate. Part of the property at 192 Narellan Road can be subdivided into a 500 house lots. A 200-bed aged care complex is also earmarked as is a business

Australia’s second priciest house deal has taken place – in the same suburb as the first. Edgewater at 92 Wolseley Road, Point Piper, in Sydney’s inner east, is understood to be trading for $95 million following a negotiation by Sotheby’s Michael Pallier. The five level home was designed in 1984 by entertainment entrepreneur Michael Edgley

Two years after selling a Wollongong office for a town record high, Castlerock has set a new watermark buying back in. The Melbourne based fund manager is paying more than $57 million on a 5.5 per cent passing yield for 45-53 Kembla Street – the 10th asset for its Auslink Property Trust 2 (APT2). The

Marprop has paid $35.3 million for two neighbouring Newcastle offices – one with significant medium-term development upside. The deal with Eagle Property Group for 51-55 and 61 Bolton Street was struck on a 6.5 per cent net passing yield. Both parties are Sydney based. CBRE’s Scott Gray-Spencer and Jack Morrison with Commercial Collective’s Matt Kearney

JQZ has sold a 1.1 hectare piece of Kogarah’s former Darrell Lea factory for $15 million to another builder. The jagged rectangle shaped site, 152-206 Rocky Point Road, 15 kilometres south of the Sydney CBD, includes a modern four storey c2000 square metre office which the incoming owner intends to occupy. It also contains tracts

Cromwell Property Group and joint venture partner BlackRock Real Estate have more than doubled the height of a proposed mixed-use commercial building at Chatswood’s Central Plaza. An amended development application is for an 11-level structure with 6500 square metres of office space and 4.5-star, 156 suite hotel. The tower would sit between twin 14-storey ones

A local investor has paid $4.87 million for the prominent, strata-titled southern piece of the Freshwater Village shopping arcade. The 807 square metre property, Lot 1, 1-3 Moore Road, Freshwater, is leased to rock climbing centre Skywood which, with options, can stay until 2040. Based on the annual net income, the asset is trading on

Australian co-working giant Hub has leased two levels within Brookfield Properties’ Brookfield Place office tower, under construction at Wynyard station in Sydney. The tenant will occupy 4000 square metres of the 27-storey skyscraper. Ten per cent of that will be set aside as a free premium lounge for other building occupants (artist’s impression, top). Brookfield

Servco has sold another Toyota car dealership with a leaseback – this time to EG, which will refurbish it. The West Ryde showroom and service centre at 1044-1050 Victoria Road – on the east and west side of Riverview Street – is trading for $22.92 million. Based on the net passing annual rent post-renovation, the

PFD Food Services has sold a vacant Penrith industrial facility to a developer which plans to build two warehouses on surplus land and subdivide the whole parcel into four lots. Rise Projects is paying $6.3 million ex-GST for the 9394 square metre site at 51-69 Leland Street. The property includes 5347 sqm of structures which

EG Australian Core Enhanced (ACE) Fund, has paid $38.2 million for an Ingleburn industrial investment with three structures. The vendor, Bob Ell’s Leda Holdings, outlaid $24.75m for 5 Williamson Road in 2017. Based on the multi-let asset’s net passing income ($2,073,454) – the pair’s deal is being sealed at a 5.4 per cent yield. The

An investor has paid the owners of Class Windows and Kitchen Elements $6.8 million for a Guildford industrial facility. Seventeen offers were received for 69 Woodstock Road following an expressions of interest campaign conducted during COVID-19 conditions by Ray White Commercial Western Sydney’s Joseph Assaf, Peter Vines and Victor Sheu. On 6102 square metres, also