New South Wales
Singapore development firm Wee Hur has purchased an apartment building in Redfern for $52 million. While currently occupied, this site will serve as the firm’s next student accommodation project. All 32 strata-title owners agreed to sell to Wee Hur.
The site sits upon 1,365sqm and is close to public transport and two universities. Wee Hur Plan to develop a 515-bed student facility over 18-storeys (two podium levels and 16 levels for accommodation). Once completed, the proposed Waterloo station will be near-by too.
Savills' Stuart Cox, Neil Cooke and Johnathon Broome brokered the sale.
A suburban office building in the north-west suburb of Pennant Hills has been traded for $32 million to real estate fund manager EG.
The vacant building site covers 7,124sqm and was purchased from Pitt Street Real Estate Partners, a subsidiary of Washington H. Soul Pattinson.
The site is situated 400m from the train station and will be re-furbished and re-leased.
CBRE's Scott Gray-Spencer handled the sale.
Two adjoining blocks on Palladium Blvd on Hope Island have sold for $4.9 million to a local developer. The greenfield site covers 11,739sqm of land and holds 250m of water frontage.
The site was sold with a previous DA for a 6-storey development comprising of 103 units and 42 Marina berths.
Professionals Platinum agent David Vertullo brokered the deal.
A waterfront site at 1 Lilla St, Woody Point, has recently sold for $2.95 million to a local developer.
The 753sqm site retains approved permits for 11 apartments, each with an excess of 200sqm, plus balconies.
Kevin Bostock of Waterfront Properties Redcliff handled the sale.
A 660sqm site on the hill in Toorak Village, Camberwell, has recently sold at auction for an undisclosed amount. The result is said to be extremely pleasing for the vendor and was secured by a local developer.
The property holds DA approval for three retail business on the ground floor and 12 apartments above; with a mix of one, two and three bedroom offerings.
Colin Rounds and Greg Dixon of Rounds Real Estate sold the site under hammer.
Two adjoining office blocks in Dandenong have been sold to Sandran Property Group for $2.725 million.
The property comprised a single-level, 500sqm vacant office building at 20 Mason Street and a vacant 590sq m block of land at and 22 Mason Street, both sold with vacant possession.
Colliers International's David Minton and Andrew Ryan handled the expressions of interest campaign of behalf of a local investor.
A development site in Dandenong has sold for $585,000 after being put on the market for the first time in over 30 years.
The 665sqm land parcel retains industrial 1 zoning and is located less than 2km to Eastlink.
Cameron Real Estate's Michael Brennan and David Johnson secured the deal.