blog.buysellrealestate.com.au

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%.

Charter Hall Group’s Diversified Property Fund has acquired an office building in West Perth. The property is the 13th asset within the DPF portfolio, which has doubled its assets during 2007.

Colonial First State Global Asset Management’s Direct Property Investment Fund has sold two properties in Lane Cove to the Aspen Group. The properties are leased to Optus Administration Pty Ltd and Steinhoff Asia Pacific Limited.

A private investor has purchased a Melbourne CBD office building with the intention of undertaking a substantial refurbishment to convert the building to a high B-grade property.

A Melbourne-based group has secured a retail property in Sydney’s northern suburb of West Pennant Hills, paying $600,000 above the reserve price at auction. The group intends to redevelop and occupy the site.

An office and retail building at Merrylands in Sydney’s inner west, has sold for $150,000 above reserve at auction. The building is fully leased to seven tenants, returning $109,000 pa.

Cityscope has extended its North Ryde property database to include a further 217 entries, comprising 133 commercial strata units and 84 free-standing properties.

A retail property at 138-140 Bell Street in Preston, Victoria, has sold at auction to a private investor. The property comprises 1789 sqm and is fully leased to Dick Smith Electronics for $430,000 pa.

Canberra Investment Corporation Limited has acquired a 30% interest in a 16 stage residential subdivision in Port Geographe, Western Australia. Stages one to six of the 598 lot subdivision are already 100% pre-sold.

Gross Waddell has sold a fully leased industrial property in Altona, Victoria, on a yield of 6.65%. The property was purchased at auction by an interstate investor and comprises two office and warehouse buildings.