THE PROPERTY DEVELOPMENT REVIEW
NSW
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
19-27 Devlin Street, Ryde 12 Elizabeth Street, Wetherill Park
The sale of a two-storey freehold office building in Ryde has set a benchmark for the area as one of the largest investment sales in the suburb in over a decade. A 1,423 sqm Wetherill Park industrial warehouse has been sold off-market, and came tenanted with a short-term lease. The East Village Sydney, located on the high-profile corner of Liverpool and Palmer Streets in Darlinghurst has sold in an off-market deal. Known for one of the best rooftops in Sydney, the East Village has been operated by Locky Paech of Goodtime Hospitality for the past 8 years after he and former business partner James Bodel transformed the pub through a significant renovation. A private investor has purchased the Dee Why Grand Shopping Centre in Sydney's North, highlighting the demand for quality strategically located retail assets within the Sydney market.
$9.25 million
P: Undisclosed Cash Buyer
CBRE’s Ray Ahsan and Lord Darkoh
$8.7 million
P: International Investor
CBRE’s Janet Joljian
234 Palmer Street, Darlinghurst
Undisclosed
P: Tipple Time Hospitality
JLL's Kate MacDonald
JLL's Nick Willis and Sam Hatcher in conjunction with Stonebridge's Carl Molony, Philip Gartland and Justin Dowers Commercial Collective's Benjamin Morello and Brad Crouch Colliers' Trent Gallagher, Sam Thomlinson and John Carney in conjunction with One Commercial's Ben Byford and Joshua Charles JLL Hotel & Hospitality Senior Vice President, Kate MacDonald Sebastian Fahey, Sam Hatcher and David Mahood, from the JLL Retail Investments NSW team. Knight Frank agents Anthony Pirrottina, James Masselos and Adam Droubi JLL Hotels’ Managing Director, Ben McDonald and Senior Vice President, Kate MacDonald
15/19 Pacific Parade, Dee Why
V: ISPT P: Private Investor
$60 million
54 Clyde Street, Hamilton North
The former Electric Lamp Manufacturers site was sold to a national investor who plans to renovate the 26-tenanted property.
$31 million
P: National Investor
A large 18,840 sqm industrial development site has been sold to a private purchaser. The site has less than 10% site coverage and sits within an E4 General Industrial zone, allowing for future development to re-use.
26-32 Beaumont Road, Mount Kurin-Gai
$19.75 million
P: Private Purchaser
Sydney’s oldest continually licensed hotel, and home of Australia’s oldest pub brewery, sells to Arthur Laundy & family.
P: Arthur Laundy & Family V: Blair Hayden
Undisclosed
Lord Nelson Brewery Hotel
P: Westbridge Funds Managaement on behalf of Region Group
Northgate Tamworth Shopping Centre
Westbridge Funds Management on behalf of Region Group acquired Northgate Tamworth Shopping Centre for $18.3 million.
$18.3 million
89 Balmain Road, Leichhardt
89 Balmain Road in Leichhardt has sold for $3.18 million, reflecting the highest rate per studio for a co-living site in Sydney’s Inner West.
P: Offshore investor V: Cordial Combined
$3.18 million
The Evening Star Hotel, Surry Hills
Universal Hotels, owned and operated by the Kospetas Family have purchased The Evening Star Hotel in Sydney’s Surry Hills.
P: Universal Hotels V: Private owners
Undisclosed
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August / September 2024 – 19
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