Stockland add to North Sydney Development site

November 8, 2019

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Weekly Transaction Update - 16th February

February 18, 2018

This week we recorded 9 major asset sales for $332M.


Private investors were the most active this week with half of the deals completed by private  groups.

The largest deal was the acquisition of 630 George Street, Sydney for $94.0M. Private Singaporean investors bought the properties in an off-market sale with plans to hold the buildings before developing the sites into mixed-use projects, likely to be a combination of hotels and apartments. The 1000 square metre site currently allows a new development up to a height of 230 metres.  


Perth also focused heavily this week with 3 of the deals focus on the city. 

Aberdeen Standard Life decided to cut its losses and sell 2 assets in St George Terrace (55 & 182). Aberdeen acquired No 55 for $47M in 2007 and No 182 for $31M in 2011 and progressed refurbishment works in both assets. Both assets remain more than half empty and were sold this week to Zone Q for around $70M.  With the vacancy rate across the city recently dipping below 20% it will take some and a heap of incentives to get these assets fully leased. 



Scroll through the list below or head to RE-Intel for further details.



 * indicates unconfirmed price













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