JLL National Market Wrap
Summary of our most recent transactions September 2020
111 St Georges Terrace, Perth
Traction 360 has leased part of level 16 of 111 St Georges Terrace, Perth.
JLL’s Office Leasing Director, Ross Skelton negotiated the lease on behalf of Centuria Captial Group at a circa rate of $575 per sqm.
111 St Georges Terrace is an A-grade office building strategically located on the prime corner of the Terrace and William Street.
111 St Georges Terrace is adjacent to Brookfield Place, the CBD’s premium café, bar and dining precinct, and is surrounded by landmarks such as Central Park and Brookfield Tower.
Prestigious retail amenity includes the Sentinel Bar & Grill and Hikaru Japanese, all located on the ground floor plaza.
Nearly 8,000sqm of industrial warehouses are keeping Western Australia beautiful
With the Containers for Change Scheme launching in Western Australia on the 1st of October 2020, a network of strategically located facilities have been leased to accommodate the Container Deposit Scheme (CDS) services by Return-It, one of Australia’s largest operator of container refund depots.
JLL’s Director of Industrial for Western Australia, Brett Mathanda brokered the leasing deals which total approximately 8,000sqm across various sites for Australia’s leading operator of CDS refund points and the various charities, social enterprises and community groups Return-It has partnered with.
885 Mountain Highway, Bayswater Victoria
JLL Executive, Industrial, Matt Allwood said, “This deal further highlights the growing demand seen from the health, biotech and pharmaceutical sectors in the eastern industrial market.”
The five-year lease was negotiated on behalf of the landlord, Integrated Logistics Partners (ILP) and is valued at $170 per sqm.
Crux Biolabs is an Australian-owned contract research organisation who provide bespoke, reliable, timely and cost-effective contract research services. The company was previously located in Scoresby and were attracted to the Bayswater property due to its larger size.
Units 13 & 14, 191 Anketell Street, Greenway
A Sydney based private investor has bought an office in Greenway, Canberra for $1.38 million.
JLL’s Sales and Investments, Senior Executive (ACT)- Mitch Frail brokered the off market deal for 13 & 14, 191 Anketell Street, Greenway on behalf of Lakeview House N02 Pty Ltd in off market transaction.
The deal was struck at land rate of $8,136 a record for a strata property in the Tuggeranong Town Centre and a yield of 7.47%.
Unit 1 and 2, 85 Eyre Street, Kingston, ACT
A local private investor has purchased two units at 85 Eyre Street, Kingston for $1 million
JLL’s Senior Sales and Investments, Senior Executive (ACT)- Mitch frail brokered the deal for unit one and two on behalf of Crafted Developments.
The deal was struck at land rate of $8,196 and is 122 sqm.
Cockburn Central Self Storage
On behalf of a WA private owner operator, JLL is pleased to announce the sale of Cockburn Central Self Storage for $8,600,000. The deal was negotiated by JLL’s Sales and Investment Director, Sean Flynn and Senior Director, Head of Sales and Investments, Nigel Freshwater who sold the property to Abacus Property Group.
Cockburn Central Self Storage is a modern facility with approximately 500 units spanning an enclosed storage area of around 5,000sqm. The development sits on an extensive 1.679ha site which currently supports a wide open hardstand area of around 1ha, being utilised for vehicle, boat and caravan storage.
JLL said the sale campaign generated over 90 enquires and multiple bids.
Sean Flynn said, “The standout feature of this campaign was the fact that despite having to close the campaign as WA entered partial lockdown, we were able to undertake a shortlist process, select a preferred bidder, negotiate a sale contract and run a successful due diligence entirely working from home.”
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion in 2019, operations in over 80 countries and a global workforce of nearly 93,000 as of June 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.