Stockland is buying a major industrial development site in Leppington, near the Western Sydney International Airport, construction of which recently started. The purchaser has earmarked the 10.3 hectare Bringelly Road parcel for a logistics focused business park containing three buildings with 58,000 square metres of lettable area. Construction should begin next year with first earnings

After striking a 99 year lease with City of Sydney for three historic Darlinghurst buildings on blocks covering 40 per cent of Oxford Street’s retail between Oxford and Taylor squares, AsheMorgan, with developer TOGA, has applied to redevelop them. Their proposal will include shops, creative spaces, a 75 suite hotel and 7600 square metres of

A Badgerys Creek poultry farm has sold for $14.5 million – or $366 per square metre, breaking a two year old suburb record for raw unserviced land. The Barba and Putrino families, also in the food industry, are the buyers. The 3.96 hectare site at 205 Lawson Road, not far from Western Sydney International Airport,

EG Group has purchased a permit-ready site in Sydney’s inner-city Redfern for its Yield Plus Infrastructure 2 fund (YPI2). The 1060 square metre parcel includes 175-177 Cleveland Street and 1-5 Woodburn St – two commercial assets returning combined annual rent of $323,029. The land is allowed to make way for a six storey complex (artist’s

A local logistics services provider has signed a 10 year rental agreement for a temperature controlled Glendenning warehouse owned by Lendlease. The modern property, 79 Owen Street, has been available since March. It includes a 5918 square metre factory with 12.2 metre clearance accessed by three large roller shutters, with space for extra docks. The

CSR Limited has sold another piece of its soon-to-close PGH Bricks plant in Horsley Park to an industrial developer – for $84.3 million. The diversified group is anticipating a $48m pre-tax profit in the financial year ending March 2024 disposing of the remediated 8.6 hectares to an as-yet-undisclosed North American entity. It is the third

Lewis Land Group, Australia’s oldest private property developer, banked $13.5 million in less than 24 hours selling 54 housing lots – the third stage of its The Heritage estate in Sovereign Hills, north of Port Macquarie. First home buyers accounted for 26 per cent of acquisitions “which is about double our usual experience,” the Sydney

A local is paying $4.65 million for a childcare centre investment on the ground floor of Risland’s new Ryde Garden complex in Sydney’s north west. The North Ryde asset, 2-5, 1 Network Place, is trading on a 6.5 per cent yield. Kids Planet Academy occupies the 1106 square metre property with an outdoor area. It

Port Macquarie resort Vacation Village has sold for $6 million. The vacant property at 50 Settlement Point Road, about 2.5 kilometres north of the CBD, was marketed to owner occupiers, developers and investors. In the end it was secured by the latter, a local. On a 1.73 hectare R1 zoned site opposite Hastings River, Vacation

Primewest is paying $15.1 million for the Tamworth Lifestyle Centre, the fourth asset for its Diversified Income Trust 4 (PDIT4). The fully occupied retail investment on 2.4 hectares at 31-41 The Ringers Road, at the north west corner of Greg Norman Drive, Hillvue, has a 5.8 year average lease expiry by income. Harvey Norman is

For the second time in two months, the manager of a Sydney Ray White agency has purchased a commercial site to occupy. Double Bay office principal Elliott Placks this week acquired the suburb’s 357 New South Head Road as a development play for c$7 million, according to the Wentworth Courier. In August, Peter Vines, director

An unlisted Sydney fund has paid $9.6 million for the Brady Railway Hotel at the NSW/Vic border town of Albury. The deal will see vendors the Attwood family retire after a long career running hospitality venues in Central West and Riverina regions. Brady’s incoming owner – Harvest Hotels – was represented by JLL’s Hotels and

Mainfreight Distribution has leased another Sydney warehouse owned by Charter Hall – this time in Erskine Park. The logistics group has committed to 34 Tyrone Place for three years. The 4610 square metre facility contains a double storey A-grade office attached to a factory with four on-grade doors and sunken docks with levellers and 10

Modular Building Systems has rented an Ingleburn distribution centre recently completed by Stockland. Building 3B, 37-39 Stennett Rd, within Ingleburn Logistics Park, was committed within a fortnight of the first inspection. The property includes an 11,217 square metre warehouse with 10 metre clearance, five on-grade shutter doors and sunken docks covered by a 12m awning.

Australian Pharmaceutical Industries – the parent of Priceline Pharmacy, Soul Pattinson Chemist and Pharmacist Advice – has pre-committed to a Marsden Park Developments warehouse in Sydney’s west. The proposed 32,506 square metre distribution centre will occupy a 4.4 hectare parcel within the $2.9 billion Sydney Business Park, a master-planned village with construction entering a third

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. About 29.4

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, 100 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