The Importance of Sustainability in Facilities Management

MMJ Real Estate has today announced the further growth of its national commercial network with the current McGees Sydney office merging with MMJ Sydney’s business.

The addition of the McGees Sydney operations further complements MMJ’s national commercial platform, which currently comprises six offices in Sydney, Melbourne, Brisbane, Perth, Canberra and Wollongong.

This brand new 96 place licensed purpose-built child care centre located at 29 Morwell Street, Yanchep was auctioned this morning and saw 3 parties bid for the sought after investment.

In what sets a new benchmark for commercial asset sales in Wollongong, a 6,719m2 A-grade office building with a sub 5-year WALE has just sold for $33.3 million, reflecting a 7.25% nett yield and approx. $5,000/m2 of building area. The property, 77 Market Street, was sold by MMJ Commercial (Wollongong) on behalf of Medibank Private Limited.

Manufacturer 3M Australia has taken out a one of the largest suburban office leases in Sydney this year, committing to a new 10-year lease for the 8080 square metre office building at 1 Rivett Road, North Ryde.