Weekly Transaction Update – 17th August

18 August 2018

This week we recorded 16 major transactions worth close to $545M. The largest deal this week was the sale by John Holland of 275 George Street Sydney to Daibiru for $240M. John Holland acquired the asset off QIC in June 2016 and are well progressed with a complete refurbishment of the asset, delivering a near new 7,300 sqm building with a 6 Star Green Star rating and a 5 Star NABERS Energy rating. The building will maintain its current 15 levels and provide column free floor plates of 500sqm and premium end of trip facilities. John Holland will provide Daibiru with a 4.5% yield. Also sold this week Dexus was in the news, buying up a series of industrial assets worth $188M. These assets include 11 Palm Springs Rd Ravenhall which at 142ha will become a significant industrial land bank for years to come. The deals also included 54 Ferndale Street South Granville which Jaycar acquired in 2016 for $55M to relocate it business from Rydalmere. In Brisbane, Dexus also acquired 425 Freemand Drive, Richlands, a 9ha site. The split of values between the 3 assets hasn’t been disclosed yet, the values below are estimates. Scroll through the list below or head to ReDataSource for further details. * indicates unconfirmed price or apportionment of a portfolio sale #ReDataSource