Ingenia Communities has spent $16 million on a lakeside over-55s village on the NSW Central Coast. The 4.2 hectare Sunnylake Shores at 2 MacLeay Drive, Budgewoi, includes 90 permanent homes and permission to build 38 more. Some of the proposed dwellings – on blocks fronting Lake Munmorah – are to be offered for in excess

An industrial property on nearly a hectare in Sydney’s south west Chipping Norton has sold to a developer for $7.75 million. The Gleeman Truck Parts occupied facility was one of the first within the precinct, JLL selling agents Ryan Jennings and Bella Cass said. The vendor, Karamin Pty Ltd, offered 42-46 Alfred Road after arranging

Marley Spoon – which is part backed in Australia by Woolworths – has pre-committed to a 14,200 square metre space within Charter Hall’s Wetherill Park Distribution Centre, about 34 kilometres west of Sydney. The meal kit provider has signed a 10-year deal with Charter Hall Prime Industrial Fund (CPIF) for the property to be known

Charter Hall Prime Investment Fund (CPIF) with a Charter Hall Group managed global institutional partnership has acquired a 30.6 hectare investment with enormous development upside in Sydney’s south west Minto. The Culverston Road property will be controlled equally. The $207 million purchase from ASX-listed Qube is being struck on a 4.76 per cent yield. It

QT Hotels has offloaded the Loggerheads estate in the NSW Hunter Valley for $7.5 million – its full asking price – to model Miranda Kerr. The 87 hectare property was established 36 years ago by late judge, teacher and winemaker Len Evans, on land acquired from the Tyrrell family, which also operates vineyards. Mr Evans’

EXCLUSIVE Primewest has bought a third investment for its Diversified Income Trust No 4 – this time in the New South Wales Central West town of Dubbo. The refurbished Dubbo City Toyota and Lexus dealership and Servco service centre at 2-12 Bourke Street is being acquired for $12.5 million. The purchaser is forecasting a 6.5

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