Commercial leasing: Watch this space
The amount of industrial and office space that Australian-based property group Valad has leased in Gyroscoopweg, a 32,000-square-metre mixed-use, multi-let estate in Amsterdam in the Netherlands. The 4,000 square metres comprises five new leases with a combined total annual rental value of €331,000 ($440,000). Two new tenants, Dobson and Uzcudun B.V. and J.H. Oei Beheer B.V., have signed five-year leases on 815 square metres and 616 square metres respectively. The other three leases were renewals and expansions for existing tenants, including WMF Nederland B.V., which extended its lease on 1,353 square metres of predominantly office space for a further six years, while Welzorg Nederland B.V. took an extra 615 square metres of office and industrial space, making their total leased area more than 2,700 square metres. Alliance Mode B.V. also extended for another five years on 524 square metres of office and industrial space. Gyroscoopweg is close to Schiphol Airport.
The net annual rent that Michael Roger Quality Meats Pty Ltd will pay to lease a 100.5-square-metre shop in the Burwood Plaza, a single supermarket-based centre located in the Burwood Town Centre, approximately 12 kilometres west of the Sydney CBD. The centre is owned by Centuria Property Funds, which also negotiated the deal. Burwood Plaza has total gross lettable area of around 12,400 square metres and is categorised as a sub-regional shopping centre.
The number of commercial deals totalling 110,000 square metres in the last six months in the industrial suburb of Braeside in the City of Kingston, about 26 kilometres southeast of the Melbourne CBD. According to Savills Notting Hill office investments director, Ben Hegerty, Braeside is experiencing an industrial property renaissance with its lowest vacancy rate in at least five years as tenants are tempted by radically improved planned and completed road infrastructure and vie for limited space.
Roughly the amount Key Options Technology, an Apple authorised training centre, will pay in gross annual rent per square metre, following its decision to relocate to a 264-square-metre tenancy at 8 Cuthbert Street at Sydney's King Street Wharf in the CBD. The lease term is three years, with the deal negotiated by Ray White Commercial's Anthony Harris. He says 8 Cuthbert Street is just moments from King Street Wharf's bars and restaurants, comprising ground floor offices, internal stairs, mezzanine floor with own balcony, parking and rare signage usually associated with retail opportunities.
The amount of space that health club operator Fitbodz will lease at the Burwood Plaza in the Burwood Town Centre approximately 12 kilometres west of the Sydney CBD. Fitbodz will pay net annual rent of $84,516 plus GST. The centre is owned by Centuria Property Funds, which also negotiated the lease agreement.
The gross annual rent per square metre that family history website ancestry.com.au will pay to lease 145 square metres of space at Level 3, 387 George Street in the Sydney CBD in a transaction completed by Ray White Commercial office leasing director John Skufris, who negotiated the deal on behalf of private investment group Lionmar Holdings. Ancestry.com.au has secured a five-year lease. “Located opposite Mid City, the building has long been home to destination camera and electronics retailer Georges Cameras as well as for Weight Watchers,” Skufris says.
Know of a commercial leasing deal? Let us know to be included in next week's listing.