Thursday 12 August 2010

Region. Limited A-grade industrial land

There is a limited supply of A-grade buildings over 10,000 square metres currently in Western Sydney, according to Colliers International Market Snapshot-Western Sydney, Winter 2010. This has not yet resulted in any “spec” development along the M4 corridor, despite the undersupply. This is mainly due to a general reluctance on any leasing funding risk. Existing building rentals have remained relatively stable and Colliers was experiencing increased levels of genuine leasing enquiry, the report said.

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Rouse Hill. GPT's ATMs at shopping centre

GPT Group has introduced its own automatic teller machines at its $475 million Rouse Hill Town Centre. GPT chief executive, Michael Cameron, said four ATMs, which are being trialled at the 70,000 square-metre centre. GPT receives a portion of every $2 transaction fee charged. The machines are owned by Aussie ATM, which looks after the servicing and secure cash transits.

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Region. Three properties sold

A 6200-square-metre property, formerly tenanted by Australian Sweets, on Parramatta Road, Homebush, has sold for $7.5 million. A McDonald’s restaurant, on Victoria Road, West Ryde has sold for $3.35 million. A 2200-square-metre office building, at 331 High Street, Penrith, has sold for $6.05 million.

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Bankstown. 34 hectares for sale at airport

Receiver KordaMentha, has moved to sell, through Colliers International, 34 hectares at Bankstown Airport, that was held in a venture between Mirvac Group, Leighton Holdings and Perth-based superannuation fund, Westscheme, according to The Australian Financial Review..

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