CSIRO tests the market with $250m site listing
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Investors are underpinning demand for large-scale developments and strategic deals across Sydney and Melbourne.
The long-time North Ryde, Sydney home of the CSIRO is poised to hit the market by the owner Aqualand, paving the way for a major redevelopment opportunity. Price expectation are more than $250 million, with flexible rental guarantees available for up to five years.
A large-scale data centre, life sciences or build-to-rent project are among potential development options for the landmark 11-14 Julius Avenue property, which will be marketed internationally through CBRE’s Jason Edge, Chris O’Brien, Sharon Yang and Michael Andrews.
CSIRO tests the market with $250m site listing theage.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theage.com.au Daily Mail and Mail on Sunday newspapers.
Industrial property sales tempt investors
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Centuria Industrial Fund, the countryâs largest listed pure-play industrial trust, has boosted its portfolio with a new asset valued at $26.2 million.
Located at Bella Vista in Sydneyâs north, the warehouse will be repositioned and added to its $2.4 billion portfolio.
The Ormeau facility in Queensland is one of the Centuria Industrial Fundâs new acquisitions.
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CIP fund manager Jesse Curtis said the asset would add to the fundâs exposure in the tightly held northern suburbs industrial sector.
Industrial property sales tempt investors theage.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theage.com.au Daily Mail and Mail on Sunday newspapers.