Skylife expands Cremorne office development site
Skylife Group has acquired a Cremorne office development site neighbouring three others it held on the road.
The latest property, 110 Balmain Street (pictured right in image, top), spans 251 square metres and is costing c$3.5 million.
Colliers’ Daniel Wolman, Tom Isaksson and Alex Browne are believed to have brokered-the off-market deal.
The holding abuts a 1540 sqm plot at #112-114 the Sydney-based developer agreed to buy last year.
In 2018, Skylife outlaid nearly $23m for adjoining low-rise offices covering 1750 sqm at 116-122 Balmain St.
The company is owned by Daniel and Mark Tartiak, who in April banked more than $455m when their their ASX-listed skip business Bingo Industries (founded with patriarch Tony Tartiak) sold to Macquarie Infrastructure and Real Assets for $2.3 billion.
Another Cremorne office coming
The Skylife amalgamation neighbours 600 Church St – an office ICON Developments recently completed for BayleyStuart.
The same landlord owns a nearby commercial investment – 1-11 Gordon St, Cremorne – which recently reached practical completion (story continues below).
Earlier this month we reported Beat founder Rob Furst committed a string of tenants, including Hugo Boss, to the just finished 1-3 Newton St.
In May, Fortis paid Tope Lane $26.9m for an 1830 sqm Dover St plot, offered permit-ready for a nine storey office.
Zagame, with ICON, is also planning a 10 level commercial building on a 1490 sqm plot the latter acquired for $19.35m in December.
Alfasi Property is also building a project in the pocket: 510 Church St.
Amongst the suburb’s other prominent land owners are Gus Cooper and Michael Gannon who have earmarked two offices for a Green St site abutting the train line.
The pair recently completed Seek’s distinctive new headquarters, in Cremorne St.
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