Browse all categories | Subscribe My Account | Logout
Browse all categories
< Back

Logos marks Yennora divestment with $14.15m sale

Property Markets / Transactions

Australia / Sydney

Mar 22 2018

Add to Favorites

Share this Article:

Logos has capitalised on strong owner occupier demand in Sydney’s shrinking infill locations, divesting a circa 8,800 sqm facility in Yennora for $14.15 million. 

The 5 Pine Road property, was secured by a private owner-occupier after a competitive Expressions of Interest campaign that attracted up to 10 offers. 

The property is ideally positioned for refurbishment, being located opposite the Yennora intermodal terminal and within close proximity to train networks. 

CBRE’s Elijah Shakir, Jason Edge and John Micaleff managed the sale process on behalf of Logos. The transaction reflected a building square metre rate of $1,595. 

Commenting on the purchaser’s motivation for securing the property, Mr Shakir said: “The development potential of this property was a key driver underpinning the sale, with the purchase an owner-occupier who intends to occupy half the property and lease the residual building area.” 



You may also like...

Load More


Login into your MP Report account

Forgot my password

Sign up to the MP Report

Creating an account with MP Report allows you to save articles and update your preferences to filter the content based on your interests and what content you would like to receive from us via our email alerts and newsletter.