Western Sydney Parklands Trust offers Eastern Creek industrial site

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

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Primewest secures Kelly+Partners to office, naming rights, at Brookvale

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.

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Owner occupier pays $5.4m for strategic Badgerys Creek site

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

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Regional commercial real estate portfolio sold privately after auctions cancelled

Fifteen east coast commercial properties which were to have been offered at portfolio auctions that were cancelled this quarter because of COVID-19 restrictions, have found buyers following private sale campaigns. Seven assets are rented to businesses considered essential services. Three shops, two offices and two factories – all being outside of Victoria – are also

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Cromwell, BlackRock up proposed height of Chatswood commercial building

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

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Hub signs office lease deal with a twist at $2b Brookfield Place

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

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LOGOS, TCorp pay Sigma $172m for two distribution centres

A joint venture between New South Wales’ Treasury Corporation (TCorp) and LOGOS – which is majority controlled by Singapore’s ARA Asset Management – is paying $172 million for two distribution centres offered by pharmaceutical giant Sigma with a leaseback. The facilities, in Sydney’s Kemps Creek (pictured, top) and Brisbane’s Berrinba (right), were purpose built by

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