Leda Holdings Pays ANZ $14 Million For Castle Hill Industrial Asset, Sydney

LEDA Holdings has paid $14 million for an industrial property in Sydney’s Castle Hill.

ANZ Specialist Asset Management offloaded the site in an off-market transaction. Based on the assets annual rental income, it sold on a yield of 7.1 per cent.

On Carrington Road, the site includes 13,825 square metres of office and warehouse space.

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South Yarra’s Best Located Eyesore to be Replaced with $100 Million Tower

Proposed new towerOutgoing 227 Toorak Road, South Yarra siteSOUTH Yarra’s best located eyesore may be demolished and replaced with a chic $100 million apartment tower – designed by the same architect that penned Melbourne’s distinctive Rectangular Stadium.
 
Little Project Developments has lodged a development application with the Stonnington City Council to build a 24-level, 350-unit apartment complex on the site of an ANZ data centre at 227 – 233 Toorak Road, near the busy Chapel Street intersection.
 
LPD paid ANZ about $33 million for the office in 2007, and was expected to incorporate the 1970s brick building into a new 32-level residential development, possibly adding a second tower to vacant land at the rear of the site.

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