Civille Pty Ltd has leased a 55.30 sqm partitioned office adjacent to Redfern Station at Suite 1/Ground Floor, 2 Cornwallis Street, Eveleigh from Centuria ATP Fund at $750 per sq m gross. The lease term is one year. John Skufris Ray White Commercial South Sydney.
Sutton Engineering Group has leased a 2,400 sqm office/warehouse at 25 Bent Street, Marys after a lengthy search for suitable premises. The lease is five years plus a five year option at $110 per sqm net from a private investor. The freestanding office/warehouse offers an internal clearance height of up to 10 metres, access via two container height doors and first floor office accommodation with full staff amenities. CBRE’s Brendan Wein, John Micallef, Matthew Alessi and Cathy Henderson negotiated the lease.
FCS Computer Systems (Australia) Pty Ltd leased a 76 sqm fitted office including exclusive use balcony at Unit 10/Level 4, 142 Clarence Street from 888 United Pty Limited at $592 per sq m gross . The lease term is three years. John Skufris, Ray White Commercial South Sydney.
Summit Open Space Services will bring its Sydney operations together in one location at 17 Sterling Road, after leasing a large office/hardstand site in the same area. The site comprises 8,016 sqm of space. The four-year deal was struck on behalf of property owner W J Friend Holding for a suggesterd rent of $15-$25 per sqm range gross. CBRE’s Brendan Wein, John Micallef and Matthew Alessi negotiated the lease.
Sports & Spinal Chiropractic Clinic has purchased the 82 sqm Shop 4, 284 Bronte Road from Dewreef Pty Ltd on a 5.1 per cent yield for $570,000. The clinic currently occupies the space and are a strong performing tenant, having operated within Waverly for over eight years and have developed a large local client base. Tom Tuxworth, David Hickey and Oliver Ridley of Savills Australia, negotiated the sale.
A Chinese investor has purchased the 143 sqm ground floor of 126-128 Avoca Street at auction on a 5.45 per cent yield from Dewreef Pty Ltd for $1.39 million. The asset on arguably Randwick’s busiest corner covers floor space across three separate titles providing future subdivision potential and is leased until 2021 to Ray White. The property was sold by Tom Tuxworth and David Hickey of Savills Australia who said the campaign received a lot of interest from local and offshore investors looking to secure a safe haven Sydney asset.
Warakirri Asset Management has appointed Steve Jarrott as portfolio manager for the recently launched Warakirri Diversified Agriculture Fund. Mr Jarrott comes with a decade of experience as portfolio manager with Westchester, the agriculture investment arm of the TIAA-Nuveen Group, the world’s largest farmland investment manager.
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Carolyn Cummins is Commercial Property Editor for The Sydney Morning Herald.