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

Daudsons Pty Ltd have leased a 105 sq m cafe at Shop 102/354 Eastern Valley from David Justin Nadel & Natalie Nadel for $571 per sq m. The lease term is three years plus a three year option. John Carney and Toby Hardiman, Colliers International negotiated the lease.

Prestons

AO Designed Pty Limited who specialise in manufacturing kitchens have signed a one year lease deal for 682 sq m at 28/332 Hoxton Park Road, to a private investor for $175 per sq m in rent. Coutts Wetherill Park’s David Ferreri negotiated the lease.

Rosehill

Service Today Australia Pty Ltd has consolidated its business premises with a new lease of a 1540 sq m site comprising a 295 sq m office and 1245 sq m warehouse at 7/175-179 James Ruse Drive. The rent is $71.43 per sq m on a lease of four years plus a one year option. Christian Frangelli, Bawdens negotiated the lease.

SALES

Lane Cove

Concise Property Pty Limited has sold a 751 sq m warehouse and office at 8 Chaplin Drive to Sabre Engineering Group Pty Ltd for $5.05 million. John Carney and Toby Hardiman, Colliers International negotiated the sale.

Artarmon

Harlynn Pty Ltd has sold an 1008 sq m freestanding two-level warehouse building plus eight car spaces at 27 Clarendon Street to a private investor for $4.2 million. Hugh Anderson, Sutton Anderson negotiated the sale.

Chatswood

Open Door Korean Church has sold a 405 sq m freestanding two-level office/showroom plus eight car spaces at 360 Eastern Valley Way to JS Family Trust for $2.31 million. Brad Sutton, Sutton Anderson negotiated the sale.

Regents Park

An approved church site at 14 Clapham Road and 24-26 Elaine Street has sold at auction for $3.75 million to a Sydney temple group – Shaolin Kungfu Meditation of Australia. It represents a strong outcome for the vendor, the Indonesian Christ Family Church, who have owned the site for 22 years but are now on the hunt for larger premises. CBRE’s Robert Dowdy and Raj Chaudhary negotiated the sale.

MOVERS

GBCA

Green Building Council of Australia has appointed Nicole Lockwood and Josephine Sukkar AM to its board. Chair of the board, Susan Lloyd-Hurwitz, said she is delighted to welcome Lockwood and Sukkar who will bring decades of experience to the Board.

Quintessential Equity

Private equity business Quintessential Equity has appointed Andrew Nicol as general manager of transactions (existing assets) to lead the group’s acquisition portfolio. In the role, he will oversee all aspects of the business’s existing asset transactions Australia-wide, across office and industrial properties.

Quintessential Equity has also promoted Noah Warren to head of existing assets. Mr Warren, who has worked with the business since it was established in 2010, was previously general manager of asset management.