Weekly Transaction Update – 30th March

30 March 2018

This week we recorded 10 major deals worth $427m. The largest deal this week was by Arcadia who acquired a half share of 52 Goulburn Street from Credit Suisse for $176M, on a 4.8% yield. The 23,000sqm office building is 100% leased to the ATO until 2022. Arcadia own part interest in other assets in the World Square complex. Also announced this week was a sale by Greenland and Goldenhorse of the 10,000sqm retail component of their Ashmore Street, Erskineville project for $100M to a fund being created by Goldenhorse. The retail centre is yet to complete its major tenant negotiations. And Elanor Investments Group announced the acquisition of the Belconnen Fresh Food Markets in the ACT. The Group paid $43.7M for the 3.0ha site on a yield of 6.9%. The site includes the 18,890 square metre market site, a vacant 4818 square metre block with DA approval for 170 units and a gravel carpark site of 6077 square metres. Scroll through the list below or head to RE-Intel for further details. * indicates unconfirmed price