Market Wrap: all the leasing and sales activity in and around Sydney

Lantrak NSW Pty Ltd has leased a 297-square-metre office at Suite 1, Level 1, Small Office Tower, Gateway Business Park, 63-79 Parramatta Road at $300 per square metre net for five years from a private investor. Mark Cadman from Link Property Services negotiated the lease.

Lidcombe

Nan Electrical Cable Australia, a subsidiary of Chinese industrial giant Guangdong Nanyang Cable Group Holding Co. has leased a 3,970-square-metre industrial warehouse with office space at 6 Carter Street from a furniture importer. The lease term is two years. Rental was undisclosed however rates in the area generally range from $125 to $145 per square metre for this property type. Phillip Bradac and Tony Durante at Colliers International, negotiated the lease.

Smithfield

Streets Ahead Maintenance has moved into a 770 sq m facility at 3/8 Cooper Street. The firm, which specialises in road network maintenance projects, has signed a two-year lease for a net rent of $125 per sq m. The modern-style unit with warehouse and office space is located in Smithfield’s industrial precinct, near the Cumberland Highway and a short drive from the M4 motorway. CBRE’s John Tsoutsa and Janet Joljian managed the campaign on behalf of the outgoing tenant.

Ingleburn

GNL Steel have leased 1,842 square metres from a private investor at 1 Garner Place for $115 per square metre net. The deal was negotiated by Michael Mileto and Paul Mileto from Link Property Services.

SALES

Chester Hill

Kon Holdings Pty Ltd has picked up a 6648-square-metre industrial facility on land area of 2.25ha at 107-109 Orchard Road for $15 million. JLL’s Matt Keeping brokered the deal off-market on behalf of a private investor.

Movers