Aalders Auctioneers & Valuers Pty Ltd has leased a 521 sq m retail/commercial site at 18 Parramatta Road from Industrie Property Company No.3 Pty Ltd for $191.94 sq m net. The lease term is four years. Adam Selikman, Taylor Nicholas Inner West negotiated the lease.
Private investor ABGAP Pty Ltd has leased a 324 sq m office and showroom at 5/33 Nyrang Street, from XIAO TONG LIN for $200 per sq m. The lease term is two years plus a two year option. The tenant needed larger premises. Phil Higgins from Bawdens negotiated the lease.
FR8 Services, a family-owned refrigerated transport company has signed a new lease for a 1701 sq m site at 122-124 Fairfield Street, for $153 sq m gross from Investments & Loans Pty Ltd. The lease term is two years. The property features a high-clearance warehouse with office space, an on-site wash bay and a large concrete yard. CBRE’s Janet Joljian and Elijah Shakir secured the tenancy.
Ecoworld Sydney Development Pty Ltd has sold a 128 sq m premium grade retail suite at Shop 3, West Village, 88 Church Street to SC Commercial P/L for $1.67 million. Grant Bulpett and Mark Litwin, Knight Frank negotiated the sale.
A vacant possession 224 sq m site at C19, 38-48 MacArthur Street, has been sold to media and tech company Rogue Creative Properties for $1.56 million. The property comprises a modern ground floor office within the heritage-listed Dalgety Square, an extensive former wool store built in 1895. Ollie Ridley and Nick Lower of Savills Australia negotiated the sale.
Rio Developments has completed a $10.56 million sell-out of its 10 Brumby Street industrial development following the sale of the final unit to IKON Services Australia. The national commercial cleaning and facilities management company acquired the 298 sq m unit for $1.15 million in its first Sydney acquisition.
CBRE’s Matthew Alessi negotiated the sale and said the deal completed the sell-out of the 10-unit estate, which totals 2,652sq m.
A private investor has sold a 300 sq m freestanding office and warehouse at 32 Cann Street to Karazincir Pty Ltd for $1.35 million. The purchasers will look to use the property to manufacture from. LJ Hooker Commercial’s Aymen Sobbi & Marcel Elias sold the property at a competitive auction.
Construction and property development company ALAND has reinforced its leadership team with the appointment of property finance specialist Paul Ottaway as the new funding director, while former Lendlease regional development manager Ryan Lane has been appointed the company’s new head of development. ALAND chief executive George Tadrosse said Mr Ottaway joins from investment firm Wingate, where he was the company’s executive director of property finance, for NSW.
Mr Lane was named National Young Leader of the Year by the Property Council of Australia in 2017 for his successful management and delivery of multiple retirement living communities.
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Carolyn Cummins is Commercial Property Editor for The Sydney Morning Herald.