THE PROPERTY DEVELOPMENT REVIEW
NSW
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
German billionaire and co-owner of one of the world's largest agricultural machinery companies, Cathrina Claas-Muehlhaeuser, has acquired a 2287-hectare agricultural property in the Liverpool Plains region.
V: Mooney Pastoral Co. P: Cathrina Claas- Muehlhaeuser
Tuwinga', Traills Road, Bundella
Elders' Chris Malone and Ben Green $17.3 million
Knight Frank's Demi Carigliano, Anthony Pirrottina and Harrison Burcher
27 Railway Road, Meadowbank
A site known as ‘The Wedge’, situated immediately adjacent to Meadowbank Train Station in Sydney’s west with DA and CC approval for a three-storey mixed-use development sold.
V: Sasco Pty Ltd P: Salute Group
$2.2 million
Another unit block in Sydney, known as 'The Pines', has sold in a deal negotiated by Knight Frank, taking the agency’s total recent sales for the property type in the city to nearly $19 million.
88 Francis Street, B ondi Beah
V: The Hersch Family P: International Investor
Knight Frank's James Masselos, Adam Droubi and Demi Carigliano
$19 million
V: Healthco HealthCare & Wellness REIT P: Local Private Investor
173 Majors Bay Road, Concord
A trophy Sydney-based childcare facility sold after 7 days on the market, which came leased to Endeavour Early Education.
Stonebridge's Kevin Tong, Michael Collins and Tom Moreland Burgess Rawson’s Kieran Bourke and John Ingui in conjunction with Knight Frank’s Ben Churven and Luke Field Knight Frank’s James Masselos, Anthony Pirrottina, Demi Carigliano and Harrison Burcher, with buyers’ agency Costi Cohen representing the buyer
$13.2 million
147 Crown Street, Wollongong
A 1,025 sqm former NAB in Wollongong’s prized Crown Street Mall that sits within an E2 Commercial Centre Zone transacted.
$4.592 million
P: Local Investor
Three neighbouring commercial freehold buildings commanding a prime corner position on Sydney’s iconic Victoria Road at Drummoyne have been sold in one line. The properties in Sydney’s inner west occupy 961 sqm with two street frontages – Victoria Road and Day Street – and have future development potential with views over the Parramatta River and Sydney Harbour.
V: Yazzy Ptd Ltd P: Offshore Private HNW Investor
66 – 72 Victoria Road, Drummoyne
$7.5 million
387 Lake Road, Glendale
IP Generation has purchased the 19-hectare Stockland Glendale shopping centre, marketing the largest NSW sub-regional transaction in over 18 years.
V: Stockland P: IP Generation
$315 million
Colliers' Lachlan MacGillivray.
A worn-down strip retail shopfront was offloaded as part of a deceased estate, with the final sale price at more than double the reserve of $2.5 million, and a 2000% uplift from the original purchase price in 1995.
245 Rowe Street, Eastwood
V: Deceased Estate P: Local Occupier
Colliers' Harry Bui and Andrew Bui
V: Belcorp P: Offshore Private HNW Investor
Knight Frank's Demi Carigliano, Anthony Pirrottina and Adam Droubi
1 Sparkes Lane, Camperdown
A near-new block of 10 apartments on a 400 sqm block at has sold and was purchased by a private offshore high-net-worth purchaser from Belcorp, with a short settlement in place.
$7.4 million
A four-level block of 16 strata-titled apartments on a 1,277 sqm site with on-grade parking has sold in one line. The property, which is less than 5 years old, holds a current passing income of $457,000, but a potential rental income of more than $484,000.
5-7 Windsor Road, Merrylands
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