Allianz, Charter Hall pay Aldi $648m for logistics portfolio

Allianz Real Estate, on behalf of several of its group companies, with Charter Hall Group managed Charter Hall Prime Industrial Fund (CPIF), is paying Aldi $648 million for a portfolio of four purpose-built distribution centres on Australia’s east coast. Based on the combined total annual income ($30.1m) the passing yield is 4.6 per cent. All

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Dexus, Frasers approved to develop $2.5b office project at Sydney’s Central Station

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

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Northern Beaches site permit-ready for apartments auctioned for $13.4 million

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

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Hino signs 10-year lease at Frasers Property Industrial’s Horsley Park estate

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

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EG spends $19.25 million on Mascot Police Station for ethical fund

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

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Crown Group opens Skye Residences at Green Square three months early because of social distancing led demand

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.

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Dulwich Hill KFC sells following auction integrating private online bidding

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

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