Weekly Transaction Update – 4th May

This week we recorded 8 major transactions worth $192M. The largest deal this week was an acquisition by City of Brisbane Investment Corporation of the ATO Office in Gosford. The 7,380sqm building was only recently completed and has a 5 Star NABERS rating. The ATO fully occupy the building on a 10 year lease. The City of Brisbane paid $43.5M for the asset, yielding 6.9%. Also this week, Stockland sold the popular Highlands Village Shopping Centre in Craigieburn, VIC. A local Melbourne buyer paid $43M for the Centre which contains 7,396sqm of retail space on a 3.2ha site. The reported yield was 5.45%. Scroll through the list below or head to ReDataSource for further details. * indicates unconfirmed price or apportionment of a portfolio sale