- Industrial developments to attract major interest from buyers
- Landmark medical facility has opened in The Hills
- Major hotelier has acquired iconic North Sydney pub
Sydney’s latest listings and acquisitions are all but guaranteed to make major waves in the commercial and industrial sectors.
A major hotelier has snapped up an iconic North Sydney pub, a boutique hotel in one of Sydney’s most creatively invigorating neighbourhoods is for sale, and a brand new medical facility has launched in The Hills.
Read about all this and more in this week’s Sydney real estate market wrap.
Edge launches at Mamre Road Precinct
Frasers Property Industrial has launched Edge, a new industrial Premium Estate in Western Sydney, spanning 74.4 hectares at Kemps Creek.
Frasers Property Industrial Managing Director Australia Ian Barter says this important industrial estate will unlock critical new facilities for customers.
Edge South has been designed to encompass 15 modern facilities totalling approximately 505,025 square metres across 63 hectares, while current plans for Edge North will deliver an additional eight facilities across 10 hectares.
The Premium Estate will provide convenient facilities for businesses to support their operations in addition to the physical and mental well-being of its occupants. Edge will have an on-site cafe, much greenery with outdoor exercise equipment and BBQ areas, a running and cycling track, and native landscaping.
Quest Woolooware Bay Hotel listed in Sutherland Shire
Located in the heart of Sydney’s Sutherland Shire, this hotel has been listed and is due to open in the third quarter of 2023.
Leased to Quest Hotels, the property offers 40 apartments, as well as conference facilities, a business lounge, and a gym.
CBRE Michael Simpson and Vasso Zographou are managing the sale via an Expression of Interest Campaign, which ends Friday, 2 June.
“We’re expecting this campaign to generate interest from both domestic and international buyers, with the lease to Quest providing a stable and secure income stream backed by a quality operator,” Simpson said.
‘The Bond’ landmark medical precinct opens in The Hills, Norwest
The Bond, one of Australia’s first health and medical facilities purpose-built from mass timber, has officially opened in The Hills.
This new facility will provide vital health infrastructure to The Hills, with a range of specialist providers in oncology, fertility, and psychological health.
Mulpha Head of Developments, Tim Spencer, says this cutting-edge building has been purpose-built to provide a one-stop-shop for patients in the fast-growing northwest corridor.
“The Bond ticks a lot of boxes in addition to providing exceptional sustainability credentials through its timber structures,” he added.
Toll group commits to 10-year lease at Westlink Industry Park
Toll Group’s commitment to a 10-year lease at ESR Australia’s Westlink Industry Park will see the development of a retail distribution and fulfilment facility, custom-built with future retailers’ needs in mind.
ESR Australia CEO Phil Pearce said their partnership with Toll represents a significant milestone in further advancing Westlink’s desire to connect businesses to the Australian market.
“ESR’s customers are increasingly seeking local solutions of both scale and flexibility to cater to their own customers’ needs,” he said.
The development’s construction will generate approximately 300 jobs to Sydney’s west, reflective of the rapid growth of the Mamre Road precinct.
Savills Hotel to sell luxury boutique hotel
Savills Hotel will be offering for sale Sydney’s new luxury boutique hotel, 202 Elizabeth.
Conceived by Alessi Design + Build, this eco-conscious hotel spans six floors and features bespoke guest rooms.
The hotel’s prime location, amenities and sleek selection of modern furniture and designs make this an attractive prospect for interested buyers.
Savills Hotels Managing Director Mark Durran says 202 Elizabeth is well-positioned to cater to business and leisure travellers.
“On its doorstep is the growing Surry Hills tech community as well as the new government-backed precinct under development – Tech Central – Sydney’s emerging ‘Silicon Valley’ “, he added.
Glenn Piper acquires Commodore Hotel in North Sydney
Meridian Australia CEO Glen Piper has snapped up the historic Commodore Hotel pub in Sydney’s north.
Piper will receive the keys to the venue in August and says he plans to spend the next few months diving deep into the history of the Commodore and its surrounding community.
“The Commodore Hotel is without a doubt one of North Sydney’s greatest pubs – and one with an incredibly rich and colourful history,” he said.
“I am honoured to continue the Commodore’s long legacy and excited to have the opportunity to elevate it into something really special that reflects the community today.”
Strategic 59,590sqm land to shape Byron Bay’s future
Located in Byron Bay, one of Australia’s hottest tourist destinations, a strategic and large-scale site at 294 Ewingsdale Road is sure to attract considerable buyer interest.
The Colliers team, Michael Crombie, Gavin Bishop, Sean Thomson and Daniel Coburn have the exclusive listing on behalf of Tower Holdings.
“With an absolute lack of industrial stock in this booming Byron Bay industrial precinct, we expect the site to be a highly sought-after blank canvas that will allow the buyer to create something very special,” Crombie said.
“The site offers ultimate development flexibility given its expansive 250m street frontage and significant exposure to Ewingsdale Road, a busy main thoroughfare located only 1.5km from Byron Bay town centre,” Thomson added.
