Charter Hall snares Villawood commercial complex for $55 million

Charter Hall has paid $55 million for a commercial site occupied by the National Archives of Australia, in Sydney’s Villawood.

The holding at 120 Miller, 25 kilometres west of the CBD, traded off-market.

The vendor, a private investor, paid $17.5 million for the office-warehouse (pictured, top) 10 years ago.

At the time, it had a short average weighted lease expiry.

It was offered this time around with a new 20 year lease to the government.

Marketing agency CBRE said the deal took 12 months to make “a reality”. The brokers were Elijah Shakir, Michael O’Neill and Chris O’Brien.

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Marc Pallisco

Marc Pallisco

A freelance property writer and analyst, Marc is a co-founder of realestatesource.com.au.

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