Queer Nightclub ARQ Is Currently On Sale For Around $50M
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Market Wrap: all the leasing and sales activity in and around Sydney
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Investor bonanza as commercial property listings start to flow
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A swath of properties across the healthcare, office, hotel and service station sectors are being offered and snapped up as vendors tap into the demand for bricks and mortar assets by investors in the current low interest rate environment.
Office and industrial landlord Growthpoint has raised $66.1 million through the sale and leaseback of the Quad 2, 6 Parkview Drive and Quad 3, 102 Bennelong Parkway, Sydney Olympic Park.
EG Funds Management has acquired the property for their Urban Regeneration joint venture.
Market wrap; all the leasing and sales activity in and around Sydney
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Marrickville
Athletes Nutrition has leased a 154 sq m industrial unit with a cooking facility and mezzanine office for a prepared meal delivery business at Unit 12/80 Edinburgh Road from Halbherr and Li for $377 per sq m. The lease term is three years.
John Skufris, Ray White Commercial South Sydney, negotiated the lease.
Botany
The Sydney Art Store Pty Ltd has leased a 250 sq m Industrial at 10 Tenterden Road from MGJ Pty Ltd for $240 per sq m gross. The lease term is three years. Marino Rodriguez, Taylor Nicholas South Sydney, negotiated the lease.