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Market wrap: sales and leasing activity in and around Sydney

SYDNEY

ATA Legal Pty Limited has leased a refurbished 114 sq m strata office at Suite 1607/Level 16,109 Pitt Street from Cavaress Pty Ltd for $600 per sq m. The tenant wanted to relocate to larger premises with city outlook near Wynyard and build a tailored fit-out. The lease term is four years. John Skufris Ray White Commercial South Sydney, negotiated the lease.

SMITHFIELD

Tyres 4 U has leased a 13,390 sq m freestanding industrial facility at 39 Britton Street from Mirvac paying $120 sq m net under a seven-year lease. The site comes with a 2697sq m awning, full height precast construction with six on grade RSDs and six docks. The tenant plans to amalgamate multiple existing facilities in western Sydney to drive better efficiencies from operating at one larger premise. The deal was negotiated by John Swanson and Ray Trimboli at Savills Australia.

The Mirvac-owned freestanding industrial facility at 39 Britton Street, Smithfield.

The Mirvac-owned freestanding industrial facility at 39 Britton Street, Smithfield.

SYDNEY

Universal Thought Consult Pty Ltd has leased a fitted and partly furnished 44 sq m office at Suite 403/Level 4, 235 Clarence Street from a private owner for $570 per sq m. The tenant relocated from smaller sub-lease space near Central. The lease term is two years. John Skufris, Ray White Commercial South Sydney, negotiated the lease.

DARLINGHURST

Mosaic Co. Pty Ltd has leased an open-plan 155 sq m retail/commercial tenancy at Suite 1/Ground, 191-201 William Street from Kentex Investments Pty Ltd for $517 per sq m. The tenant relocated from office space near Circular Quay to street level premises within walking distance to Hyde Park. The lease term is two years. John Skufris, Ray White Commercial South Sydney negotiated the lease.

BEACONSFIELD

Flow Balance have leased a 400 sq m office space at 125 Queen Street from Heat & Thompson. The lease term is three years at a rent of $400 per sq m. Tom Schultz and Daniel O’Brien from LJ Hooker Commercial South Sydney/Inner West negotiated the lease.

SALES

ALEXANDRIA

Comeau-Hall has sold a 96 sq m commercial unit at Unit 54, 45-51 Huntley Street to Tigers Three Pty Ltd for $680,000. Tom Barnier & Jackson Wray, Colliers International, negotiated the sale.

Lopez has sold a retail investment at Lot 2, 17-19 Danks Street, Waterloo, to a private purchaser.

Lopez has sold a retail investment at Lot 2, 17-19 Danks Street, Waterloo, to a private purchaser.

WATERLOO

Lopez has sold a 397 sq m retail investment at Lot 2, 17-19 Danks Street to a private purchaser for $1.95 million. Tom Barnier & Jackson Wray, Colliers International negotiated the sale.

MOVERS

Colliers International

Colliers International has appointed Malcom Tyson as chief executive Australia. Mr Tyson has been a senior member of Colliers’ Australian and New Zealand Executive Leadership team since 2005 and held a variety of executive and operational roles. He will take over the position of CEO from John Kenny, who has been appointed as the CEO for the Asia Pacific region.

In another move, Colliers International appointed Rick Thomas as managing director | emerging markets. In this newly created role, Mr Thomas will partner with the managing directors of the emerging markets businesses to accelerate growth. Reporting into chief operating officer | Asia Pacific, Paul Baxter, Mr Thomas will focus on expanding Colliers’ client base and identifying new business and opportunities for cross-border collaboration.

Email submissions to ccummins@smh.com.au

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