BASTET ACBIM’s Post

Northstar Development To Buy QRD Met Project Under Receivership For $11.6M The Met was set for 2245 McAllister Avenue in #Port #Coquitlam, about half a block west of the provincial courthouse. For the site, Quarry Rock Developments was planning a six-storey mixed-use building with 80 #residential units and 19,530 sq. ft of #commercial space, in addition to a public plaza. The property was owned by Quarry Rock #Developments (McAllister) Inc. and beneficially owned by Quarry Rock Developments (McAllister) Limited Partnership, both of which were the subject of the receivership proceedings that were initiated by #Edmonton-based Canadian Western Bank (CWB). After counteroffers and negotiations, the Receiver entered into a sales agreement on September 19 with NorthStar Acquisitions Ltd. — also known as Northstar Development — for $10,000,000. After last-minute competing offers were received ahead of the court date, the offer was then improved to $11,600,000. The transaction was then approved by the Supreme Court on November 20 and is expected to close on January 22. Source: Storeys #BASTET #CANADA #BRITISHCOLUMBIA #ONTARIO #TORONTO #OTTAWA #LONDON #GTA #MANITOBA #ALBERTA #HAMILTON #QUEBEC #NIAGARA #VANCOUVER #CALGARY #RICHMOND #BURNABY #SCARBOROUGH #SURREY #BRAMPTON #COQUITLAM #TORONTO #MISSISSAUGA #ACBIM #ADABIM #ACPBIM #COORDINATION #VALUEENGINEERING #PEERREVIEW #CONSTRUCTIONPLANNING #PROJECTMANAGMENT #REALESTATE #DEVELOPMENT #CONSTRUCTION #DESIGN #RISK #PROJECT

Scalable industrial development site sold for $19.75m - Colliers and One Commercial Mount Kuring-Gai industrial development site at 26-32 Beaumont Road Mount Kuring-Gai sold by Colliers experts Trent Gallagher, Sam Thomlinson and John Carney, in conjunction with Ben Byford and Joshua Charles of One Commercial for $19.75 million. “The buyer recognised the scarcity of this unique asset, with industrial land with site coverage below 10 per cent in the North Sydney market so few and far between. It was a competitive process, and the new owner will benefit from the strong underlying land value growth,” John Carney said. “Mount Kuring-Gai is home to many well-known national occupiers, with the new owner benefiting from this. The property also takes advantage of connectivity to local transport, while also having prominent frontage to the main thoroughfare within the precinct,” Trent Gallagher added. “The North Sydney industrial market is one of the region’s most land constrained. This transaction is a testament to the ever-growing demand for land rich industrial sites in tightly held precincts such as the north. It is positive to see owner-occupiers are still active in trying market conditions, Sam Thomlinson said. Read more on The Industrialist - https://lnkd.in/gwpcE4Eb Adrian Balderston Phillip Bradac Tony Durante Matthew Flynn Paul McGlynn Michael Crombie Adrian Balderston Peter Dale John Carney Angus Urquhart Nick Evans Gavin Bishop Jessica Evans Taylor Bass COMMO #colliers #onecommercial #industrialsite #industrialland #industrialrealestate #industrialproperty #industrialagent #logisticsrealestate #Industrialleasing

SOLD | 37-45 Mudgee Street, Kingston QLD Cushman & Wakefield Capital Markets Logistics & Industrial team would like to announce the successful sale of 37-45 Mudgee Street, Kingston. The asset comprises a 9.7 hectare* landholding with direct exposure to the Logan Motorway and predominantly consists of concrete/compacted hardstand areas that are utilised as an equipment hire and storage yard. With a low site coverage of 5%, the asset provides significant expansion potential in the long term. The asset sold is fully occupied by Coates – Australia’s largest equipment rental company subject to a long remaining lease term of 9 years, representing the strong demand for land-backed assets with secure income coupled with future upside. The asset transacted off-market and received a strong level of interest from a wide range of buyer profiles due to strong fundamentals including low site coverage, location in a land constrained sub-market and future expansion potential. For further information on this transaction, please contact myself (+61 413 288 933), Tony Iuliano (+61 412 992 830) or Morgan Ruig (+61 403 149 828).                Adrian Rowse Chris Jones Simon Fenn Nick Goodridge Jay Nash Charlie Holmes Brendan Harrison Oliver McIntosh Vivian Nguyen Sarah Baker #CushWakeCapitalMarkets #Cushwake #CapitalMarkets #Industrial #Logistics #LogisticsandIndustrial #Investments #Brokerage

Davies Harrison Real Estate, acting on behalf of a Commercial Landlord, has sold two warehouse units on Fairhills Industrial Estate in Irlam totalling 29,142 sq ft. The buildings were sold for circa £145 per sq ft.    Bradshall Removals has moved from its previous premises in Trafford Park where its lease had expired to occupy the 16,261 sq ft unit.  The adjacent building was acquired by Wellsolid Limited, which has relocated its operations from the South having taken a 12,881 sq ft unit. Both are semi-detached units with a large secure self-contained yard to each. Rick Davies, of Davies Harrison states: “Due to the strong demand received for both properties, we took the sale to a best bids format before agreeing the deals with the two successful companies. This type of situation is becoming increasingly more frequent in the current industrial occupier market where demand for freehold sites is exceptionally high.”   “As a result of our success with these units, we have now been instructed to market a 15,069 sq ft unit also on Tallow Way for Currie Solutions and we anticipate equally high demand for this building.” #industrial #warehouse #dealdone #sold #irlam #cre #commercialrealestate

SOLD | 37-45 Mudgee Street, Kingston, QLD Cushman & Wakefield Capital Markets Logistics & Industrial team would like to announce the successful sale of 37-45 Mudgee Street, Kingston. The asset comprises a 9.7 hectare* landholding with direct exposure to the Logan Motorway and predominantly consists of concrete/compacted hardstand areas that are utilised as an equipment hire and storage yard. With a low site coverage of 5%, the asset provides significant expansion potential in the long term. The asset sold is fully occupied by Coates – Australia’s largest equipment rental company subject to a long remaining lease term of 9 years, representing the strong demand for land-backed assets with secure income coupled with future upside. The asset transacted off-market and received a strong level of interest from a wide range of buyer profiles due to strong fundamentals including low site coverage, location in a land constrained sub-market and future expansion potential. For further information on this transaction, please contact myself (+61 412 992 830), Morgan Ruig (+61 403 149 828) or Gary Hyland (+61 413 288 933).                Adrian Rowse Chris Jones Simon Fenn Nick Goodridge Jay Nash Charlie Holmes Brendan Harrison Oliver McIntosh Vivian Nguyen Sarah Baker #CushWakeCapitalMarkets #Cushwake #CapitalMarkets #Industrial #Logistics #LogisticsandIndustrial #Investments #Brokerage

Brisbane industrial portfolio sold for more than $14M - Ray White Commercial A portfolio of Brisbane industrial properties sold for a total of $14.39 million, marketed by RWC Gateway agents Jack Gwyn and Jared Doyle, alongside Ray White Commercial (Milton) agents Stephen Ferguson and Maclay Kenman. “The sale of these industrial assets signifies not only the demand of the properties themselves but also the strength of collaboration within the industry. Jack Gwyn said. “Of the seven properties sold, there were five investors and two owner occupiers largely due to the lease statuses across the portfolio.” Jared Doyle said supply remained scarce, driving competition and value appreciation. “This scarcity underscores the significance of strategic investments in well-positioned assets like those in Murarrie and Capalaba,” he said. Read more on The Industrialist - https://lnkd.in/g8p7zAWG RWC Gateway Jack Gwyn Jared Doyle Ray White Commercial (Milton) Stephen Ferguson Maclay Kenman James Linacre Paul Anderson Owen White Leteicha Wilson Vanessa Rader Cassandra Glover #brisbaneree #industrialmarket #rwc #rwcgateway #rwcmilton #brisbanemarket #brisbaneinvestments #industrialinvestment #industrialleasing #industrialrealestate #industrialproperty #brisbanerealestate #raywhitecommercial

AND another one sold | 13-17 Jessica Way, Truganina | $10,000,000 In the current climate, this transaction is a bit of an outlier. Jessica Way has been sold off-market at a yield of 4%, the tenant has options until November 2030 - with no market reviews prior. The properties outstanding attributes such as the 12.5 tonne gantry crane, low site coverage (17.2%) and high office component were key considerations for the investor, who may look to occupy the site in the coming years. Address: 13-17 Jessica Way, Truganina Land area: 11,900m² Building Area: 2,055m² Asset Type: Office/Warehouse (Industrial 3 Zoning) Sale Price: $10,000,000 Yield: 4% Term: Tenant options until November 2030, with no market reviews Purchaser Profile: Investor For further information on this off-market transaction handled by the team at AND Property, please feel free to reach out using my details below. rc@andproperty.com.au | 0421 837 421 Bryce Pane | Ben Quennell | Jamie Blackburn | Chris Pane

Prime development land that once housed a quarry has been sold in Cranbourne East in a significant deal.   Peter Sagar spoke about the deal and what trends are driving property transactions in the area. LAWD | MAB | Fawkner Property | #quarry | #realestate | #property | #melbourne | #australia

LEASED TWICE WITHIN 12 MONTHS | 7/55-65 Christensen Road, Stapylton The original tenant outgrew the premises and moved into a larger tenancy. We secured a new tenant to take over the lease in under 4 weeks on the market. If you'd like further details of this lease or a review of your property's existing performance compared to the current market, please get in touch. E: Ben.sands@raywhite.com P: 0432 547 164 AJ Calvet RWC Gateway #Industrial #Brisbane #CommercialRealEstate #CRE #RealEstateInvesting #CommercialProperty #InvestmentProperty #CommercialLeasing #Business #PropertyManagement #CREBroker #Commercial #CommercialInvestment #RealEstateDevelopment #CommercialSpace #LeaseOpportunity #BusinessLocation #CommercialListing #CommercialProperty #Expertise #Opportunities #StrategicPlanning #Teamwork #Investments #InvestingInsights #Realestate #Property #Industrial #Raywhite

Victorian Mills offer cost effect space for storage and distribution. Raven Mill, Oldham is an exceptional example of few remaining mills in the UK that can offer such businesses the necessary accommodation required with strengthened concrete floors, 4m ceiling heights across all 5 floors, 4 quality goods lifts, 16 loading bays and 4 acres of goods yard. GXO had invested over £6m into this property during their term of occupation so when Raven Mill became vacant with a motivated seller looking for an unconditional sale, it seemed an ideal opportunity to acquire this freehold property at less than £15psf to offer our overseas fulfillment partners, substantial space for their demanding business at £2.50 psf. Very different lease negotiation experience to the tenants with sustainability agendas as their priority at our new build estates. Interesting fact: Oldham used to be one of the wealthiest towns in the world in the 19th century with 504 cotton mills 😃