Manheim Auctions has rented a Moorebank warehouse opposite another it already occupies. The Atlanta based company which turns 75 this year will use the 5978 square metre Moorebank Avenue facility as a surplus yard and warehouse space for its Truck, Machinery and Industrial division. CBRE’s Tom Rourke, Adam Tressider and Moshe Greengarten marketed the property.

Time & Place has made a play with the owners of 80 studio apartments and a car park, for a prime block in Sydney’s inner-east Potts Point. The vendors of The Chimes complex at 45-53 MacLeay Street have until next month to accept. It is understood the Melbourne based developer has offered about $85 million

Oxford Properties has applied to construct what will be the first large scale build-to-rent project in Sydney’s CBD – rising 39 storeys at the south entrance of the new Pitt Street metro station. The investment is one of two which the Canadian property giant is planning for the infrastructure project’s airspace – the other, a

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 Stanley Xeu, previously known as Sit Shing

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