Weekly Transaction Update – 27th October

This week we recorded 14 major transactions for a total value of just under $614M. The largest deal this week was the sale of 1 William Street Perth by Primewest. After securing a large mandate from GIC for the Perth office market, Primewest secured the 23,400sqm A Grade building currently 38% vacant. The building was recently renovated and Primewest will work aggressively to fill the space. Stockland announced this week the acquisition of another site at Truganina, VIC. The 138ha site adjoins their 315ha Mt Atkinson project, proving an additional 1600 home sites to their pipeline. AMP Capital’s interest in the Brisbane fringe office market continues with news that their Wholesale Australian Property Fund (WAPF) acquired another significant asset in South Brisbane. WAPF acquired 199 Grey Street, a 12,316sqm A Grade office building for $92.6M. This follows the Fund’s purchase of 33 Park Rd Milton in January 2017 for $48M and 11 Stanley Street, South Brisbane in Sept 2015 for $26.3M. There were a number of other deals this week. Scroll through the list below or head to Propel for further details. * indicates unconfirmed price