Sydney Australia Real Estate & Property Development News

COMMERCIAL PROPERTY MARKET IN SYDNEY - 2007 IN REVIEW

Commercial Leasing

Tim Green Commercial has experienced unprecedented growth since commercial leasing from 2007, with in excess of 18,000 sqm of space leased so far this year.  Director of Leasing, Cameron Algie believes that whilst this is partially attributable to an improving market, it is predominantly a reflection of the fast and effective service that we continue to provide tenants.

Tim Green Commercial prides itself on providing prompt, reliable and most importantly comprehensive advice to our clients.  Tenants value our position as a true broker, allowing us to ensure that tenants are shown all available accommodation options that match a brief rather than a select few.

As a result our business is continuing to expand unabated with additional leasing negotiators being appointed to ensure that the level of personal service is maintained.  In addition, a dedicated city fringe team has been established and has proven to be a great success.

Some recent successful leasing transactions include:

Address	Tenant	Area (m²)
Levels 8, 9 ,10, 11 & 12, 111 Pacific Highway, Nth Sydney	Transfield Services	4,888
Level 1, 63 Oxford Street, Darlinghurst	Study Group	3,880.8
Levels 6, 7 & 8, 341 George Street, Sydney	The George Institute	3,889
Levels 1 – 6, 39 Regent Street	Curtin University	3,880
Basement, Ground & Mezzanine, 341 George Street	Westpac	2,982
Prt Grnd, Lvls 2, 3, & 4, 841 George St, Sydney	Infotech Professionals	2,702
Levels 4 & 5, 341 George Street, Sydney	Dep Industry Tourism & Resources	2,694
Level 5 & part 7, 179 Elizabeth Street	Oroton Group	2,567
Level 2, 63 Oxford Street	Fitness First	2,500
Levels 1 – 6, 209 Castlereagh Street	University Of Ballarat	2,442
Levels 28 & 29, 66 Goulburn Street	William Buck Accountants	1,950
Levels 10 & 11, 233 Castlereaqh Street	General Pants	1,620
Level 5, 179 Elizabeth Street, Sydney	Wills Austrlia	1,572
166 Parramatta Road, Camperdown	Camperdown Health and Fitness	1,500
Levels 3 & 4, 55 Harrington Street, Sydney	Smarts	1,460
Level 3, 341 George Street, Sydney	Architectus	1,300
Level 6, 55 Pyrmont Bridge Rd, Pyrmont	Humbleton	1,300
5 – 11 Harris Street, Pyrmont	Sanitarium	1,300
Level 1, 63 Miller Street, Pyrmont	George P Johnston	1,273
Part level 18, 2 Chifley Tower	Jones Day Lawyers	1,100
Level 8, 301 George Street, Sydney	ITP	1,029
Level 7, 179 Elizabeth Street, Sydney	Horticulture Australia	997
Level 25, 66 Goulburn Street, Sydney	NSW Farmers Info	975
Level 9, 35 Clarence Street, Sydney	IOOF	932
Ground and Level 4, 219 Castlereagh Street	LAIKI Bank	860
Part level 35, 50 Bridge Street	Everest Capital	800
Level 7, 120 Sussex Street, Sydney	Datacom Relate	753
Level 7, 160 Sussex Street, Sydney	Dynamile Games	670
Level 2, 50 Margaret Street	Insession	660
Level 2, 219 Castlereagh Street	Greek Consulate	622
140 Redfern Street, Redfern	tbc	465
Level 12, 28 O’Connell Street, Sydney	tbc	434
Level 3, 131 York Street, Sydney	Craddrock Murray Newmann	434
Lower Ground, 99 Elizabeth Street	Rio's Group Pty Ltd	418
Whole Level 13, 309 Pitt Street, Sydney	tbc	384
Ground, 2 Barrack Street, Sydney	ANZ	350
Level 7, 222 Clarence Street, Sydney	tbc	313
Part Level 1, 189 Kent Street, Sydney	tbc	300
Level 4, 83 York Street, Sydney	tbc	290
Level 10, 217 Clarence Street, Sydney	Research Now	283
Lower Ground, 93 York Street, Sydney	Signarama	273
Ground Floor, 145 King Street, Sydney	tbc	133
Ground Floor, 100 Clarence Street, Sydney	Global Synergy Enterprise Pty Ltd	130

Note: All the above transactions were direct introductions from TGC leasing division. 

Industrial Leasing

Our industrial team, led by Hamish Mackay was recently nominated as Industrial Agent of the Year at the annual DBREEF awards.  Hamish was previously awarded the Industrial Agent of the Quarter award in recognition of his continuing hard work in providing a quality service to the industrial sector.  Hamish’s recent successes include the relocation of Anixter Australia into a large facility (2400 sqm) in Rosebery and the lease of a large warehouse/office facility (2000 sqm) in North Ryde to EBet Australia.

Commercial Sales

Scot Robertson heads up the Sales Team that specialise in the sale of commercial, retail and industrial properties in the CBD throughout the Metropolitan area. See below table for recent sales.