Calamvale Central Shopping Centre Sells For $62 Million

THE Australian Property Growth Fund, as trustee for the Domaine SEQ Growth Fund which is being wound up, has sold the Calamvale Central Shopping Centre in Brisbane for $62 million.

The sale price reflects a yield of passing yield of 8.15 per cent.

The 17,326 square metre complex at 662 Compton Road in Calamvale, in the city’s southern suburbs, is anchored by two retailers until 2027: Woolworths and Big W. It also includes 61 specialty stores.

Read more

Non Bank Tenants to Occupy Melbourne CBD Building For The First Time

NON-bank tenants will fill a historic city office building at 287 Collins Street for the first time.

ANZ Bank sold the building (pictured, right) to Brisbane-based Australian Property Growth Fund for $30.5 million in August 2007, but remained an office tenant until 2009 while its new Docklands headquarters was under construction.

APGF has almost finished refurbishing the 10-storey, 5280 square metre office which was built in about 1940 and previously known as the ANZ Royal Bank Chambers.

Leasing agents Colliers International and Savills are marketing the building with asking rents of about $350 per square metre, per annum, before any incentives (a lure offered to tenants, often in the way of a rental discount, or a contribution to office fit-out).

Read more
error: Content is protected !!