Stockland buys Leppington site for $145m logistics estate

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

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Peakstone awards 100,000 sqm Australian office management contract

Singapore’s Peakstone has awarded a major commercial management contract to CBRE. The agreement covers 100,000 square metres across six buildings including 45 Clarence Street in Sydney (pictured), which the landlord only agreed to buy from Dexus in June for $530m. Neighbouring 55 Clarence St forms part of the portfolio too – as does the 637

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Lendlease secures tenant for temperature controlled Glendenning factory

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

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Elanor pays Vicinity wholesale fund $60m for Queanbeyan shopping centre

Elanor Investors Group today confirmed it acquired Queanbeyan’s Riverside Plaza for $60 million – describing the price as below replacement cost. The listed fund manager intends to develop surplus land and repurpose a one year old vacant Target tenancy for medical and health use. This would leave Coles the only anchor within the double storey,

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Modular Building Systems leases new Ingleburn warehouse from Stockland

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.

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Priceline parent pre-commits to 4.4ha Marsden Park distribution centre

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

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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, 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

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