Archive for December 20th, 2007

Westpac acquires data centre

Thursday, December 20th, 2007

Westpac Funds Management Limited, responsible entity of the Westpac Office Trust, and Westpac Diversified Property Fund have both acquired a 50% interest each in the Westpac Data Centre at North Ryde.

And Lido makes three

Thursday, December 20th, 2007

Cromwell Group has acquired the Lido Arcade in Surfers Paradise on behalf of the Cromwell Property Fund, giving the fund control of three contiguous sites located one block from The Esplanade.

Sold in Riverwood

Thursday, December 20th, 2007

A strata-titled office and warehouse property in Riverwood, New South Wales, has sold to a private investor. The property has a combined net lettable floor area of 245 sqm and sold on a yield of 5.3%.