Protein drinks maker Icon Foods has paid $6.5 million for a factory in Milperra, 12 kilometres west of its St Peters headquarters. The 4010 square metre site with an enclosed awning at 9 Sheridan Close will be occupied as a milk processing plant. It previously output red meat and poultry. Council is yet to approve

Aspen Group has purchased another site as a build-to-rent investment following a liquidator sale, this time in Newcastle. The residential building in exclusive Cooks Hill currently operates as a co-living community with 55 rooms called Elizabeth House. It is 60 per cent occupied and was being refurbished before the last owner fell into receivership. Purpose-built

A full-floor strata office in Sydney’s historic Company Director House has sold for $12 million – almost triple the price the vendor paid in April, 2016. The deal for level 4/71 York Street reflects a rate per square metre of $17,341 – a record for the street according to Colliers International selling agents Trent Gallagher

A permit-ready development site near Cronulla Beach in Sydney’s south has sold for $11.1 million with a short 35-day settlement. Agents only closed the expressions of interest campaign for 3-5 Parramatta Street, Cronulla, on April 23. With eight offers received, it found a buyer by mid-May. Configured with two double-storey apartment blocks, the 1530 square

Stockland has found an occupier for part of a logistics complex it has created out of the former O-I Glass headquarters in St Marys. Shaw Fabrics has leased 5,540 square metres within one of three buildings on the 12-hectare site now known as Forrester Distribution Centre. The window-blind material manufacturer has committed for an initial

Visy has sold a Penrith manufacturing plant for $17.25 million with a leaseback. The 4.2 hectare site, 126 Andrews Road, is trading to Sydney based private investor Sandran Property Group. The purchaser owns other commercial real estate in the suburb and elsewhere in Sydney’s west, at Homebush and Bankstown. Based on the starting annual rent

Joint venture partners Dexus and Frasers Property Australia have won approval to build a $2.5 billion commercial complex beside Sydney’s Central Station. With this, the two-tower office proposal moves to the third stage of the NSW government’s Unsolicited Proposal (USP) process. As recently as this month the administration said it intends to use this fast-track

A permit-ready apartment development site in exclusive Queenscliff, overlooking Manly Beach, north of Sydney, sold for $13.425 million at a digital auction on Tuesday. CBRE’s Aaron Arias, Toby Silk and Nicholas Heaton sent out 33 contracts and conducted 15 inspections for 71-71a Queenscliff Road. All up the public campaign generated 368 inquiries. Ten suitors registered

EXCLUSIVE Hino Motor Sales Australia, the local entity of the Japanese truck maker which is a subsidiary of Toyota Motor Corporation, is the latest tenant to relocate industrial functions from Sydney’s south to its outer west. The occupier has signed a 10-year lease at a Horsley Park business park being developed by Fraser Property Industrial

EXCLUSIVE EG has paid $19.25 million for a Rosebery commercial building which will be added to its High Income Sustainable Office Trust – an ethical investment fund. The acquisition of Mascot Police Station, it said, extends “the…philosophy that underpins the HISOT seeking to improve the energy efficiency of assets alongside commercial returns”. Its investment, 965

A new generation boarding house in Sydney’s inner west Summer Hill sold for $11.25 million following an off-market campaign concluded in February. The four-storey complex at 35 Gower Street (pictured top and bottom) contains 25 self contained units, all of which are leased. It was developed on a 702 square metre plot which sold for

Crown Group has fast tracked the opening of its third Sydney guesthouse – in the inner east Green Square precinct – by three months. Ninety serviced apartments, configured as studios and with one and two bedrooms, will be available from next week within the Skye Residences component of the developer’s Infinity by Crown Group complex.

Woolworths Group has sold a freestanding new supermarket with a leaseback in Wadalba, on New South Wales’ Central Coast. The $26.15 million deal to a Melbourne investor was struck on a 5.7 per cent yield. It is the first NSW retail transaction to be unconditionally exchanged in the current climate, according to Colliers International which

E-Shang Redwood Group (ESR Cayman Limited) has banked $52.5 million selling a four storey office leased to Centrelink in Sydney’s outer south west. The sale price for 211 Northumberland Street, in the Liverpool CBD, reflects a 6.59 per cent return. It traded to a private Chinese investment group after Colliers International’s John McCann, James Barber

Roblan Holdings has sold its distribution centre in Sydney’s inner west Leichhardt for more than $15.5 million ahead of relocating to a purpose-built Ingleburn facility, 40 kilometres further away from the city. The outgoing complex, 213-233 Catherine Street and 50 Moore Street, is trading to a private syndicate which adds value to Australian east coast

A fast food investment in Sydney’s Dulwich Hill sold on a low 3.17 per cent yield following an auction integrating private online bidding. Cushman & Wakefield marketing agent Yosh Mendis said the virtual public sale of 498-500 New Canterbury Road “confirmed that investors have been quick to embrace new technologies and adapt to realities of

Stockland is paying Celestino Property Development, which is owned by poultry entrepreneurs the Baiada family, $415 million for the undeveloped 196 hectare portion of The Gables housing estate, in Sydney’s Box Hill. The master-planned community has since 2015 been replacing 293 hectares of dairy farm land, nearly 50 kilometres north west of the city. Upon

EXCLUSIVE In another Sydney hotel deal, Singapore’s Ascott Residence Trust is paying $46 million for Macquarie Park’s Quest serviced apartment complex. The six-storey 111 room inn at 71 Epping Road, developed by Goodman five years ago, is trading on a 5.5 per cent yield. Savills Australia managing director, Michael Simpson, brokered the off-market transaction on

Factory Fast has paid $7.95 million for a modernised office warehouse in Sydney’s west Smithfield. The online DIY and renovation product store will relocate from the city’s south. Its new facility, 15 Sturt Street, about 250 metres from the Cumberland Highway, includes a 3306 square metre building with a dedicated office. The warehouse component has