Market wrap: all the leasing and sales activity in and around Sydney

Reliance Aus Group Pty Ltd has leased a 55 sq m strata shop plus parking space at Lot 14/Ground Floor, 131 – 145 Glebe Point Road from Arvideep Pty Ltd for $520 per sq m. The lease term is 26 months. John Skufris, Ray White Commercial South Sydney negotiated the lease.

Riverstone

D & L Engineering Services Pty Ltd has inked a lease for a 957 sq m site on 1680 sq m of land at 68 Wellington Street from Dedele Pty Ltd. The group was seeking additional space with comprises an 80 sq m office and a 957 sq m warehouse for $125.39 per sq m. The lease term is three years plus a three year option. Graeme Scott from Bawdens Industrial negotiated the lease.

Sydney

Advent Insurance Management Pty Ltd has leased a 151 sq m fitted and furnished office suite including enclosed balcony area at Suite 21/Level 16, 327 – 329 Pitt Street from Sun for $484 per sq m. The lease term is two years. John Skufris, Ray White Commercial South Sydney, negotiated the lease.

SALES

Mascot

Lin and Hsuen have sold a 174 sq m strata unit over two levels including balcony, courtyard and parking suitable as live/work space at Unit 59, 9 Laycock Street to Edmonds and Robinson for $910,000. John Skufris, Ray White Commercial South Sydney and William Ho of Ray White Mascot negotiated the lease.

Movers

Nick Greenwell, the former national director of industrial occupier services at Colliers International has made the move to TM Insight, the supply chain and property advisory, as director of property to bolster the group’s capabilities in NSW. In his new role, Mr Greenwall will help drive the 210,000 sq m of active enquiries TM Insight has in the NSW market for it’s leading national and global clients.

Awards

Alex Alamsyah, the partner, head of retail leasing at Knight Frank has taken out the firm’s National Golden Oar Award for highest revenue in office & retail leasing in Australia.