Astir Investments P/L has leased a 3,300-square-metre office/warehouse at 1/148 Hartley Road for $90 per square metre. The lease term is three years. Michael Mileto and Paul Mileto from Link Property Services negotiated the lease.
Bokser Pty Ltd has leased a mainly open plan office of 130.70 square metres with reception/waiting area and meeting room at Suite 606/Level 6, 83 York Street from WTL Enterprises (Australia) Pty Ltd at $500 per square metre gross. The lease term is two years. John Skufris, Ray White Commercial South Sydney.
Avatar Capital Pty Limited has sold a fully leased building of 185 square metres near Carriageworks and Redfern Station with Buon Gusto restaurant at street level and a separate residential tenancy above to Vazir & Vazir for $2.4 million, John Skufris, Ray White Commercial South Sydney and Peter Kotzias Ray White Commercial South Sydney.
A private investor has paid $10 million for a freestanding industrial facility in Wetherill Park. CBRE’s Elijah Shakir and John Tsoutsa negotiated the sale of the 23 Frank Street property, which has been home to Australian Aluminium Finishing for almost two decades. The sale was struck on behalf of vendor MA Seeto. It involves a freestanding, 4,719-square-metre facility on a site area of 8,622 square metres. The site is leased to Australian Aluminium Finishing until November 2021, returning a passing rent of $641,916 per annum net. “This equates to a sales rate of $2,119 per square metre on the building area and a net yield of 6.41 per cent,” Mr Tsoutsa said.
Charter Hall has announced Miriam Patterson, former head of real assets at Telstra Super, has been appointed as fund manager of Charter Hall Direct. The creation of the fund manager role reflects the strong growth of Charter Hall’s Direct business from $3 billion to $5.3 billion in the past 18 months. Ms Patterson will report to Direct chief executive Steven Bennett who sits on Charter Hall’s executive committee reporting to chief executive David Harrison.
Colliers International has announced that John Kenny has been appointed chief executive| Asia Pacific. This new role unifies Asia, Australia and New Zealand, while creating synergies and promoting greater collaboration across the region. In his new role, Mr Kenny will consolidate the group’s recent acquisitions in India and China.
Cushman and Wakefield
Giuseppe Ruberto has been appointed head of North Shore office leasing as part of Cushman & Wakefield’s push to expand in North Sydney, the north shore and metropolitan area.
Frasers Property Australia has appointed Robert Pearce to the role of international sales director. Based in the company’s Hong Kong office, Mr Pearce will be responsible for developing new sales channels and relationships with buyers for the company’s Australian project.
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Carolyn Cummins is Commercial Property Editor for The Sydney Morning Herald.