29November2024

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Sunday, 09 April 2023 09:01

AUTISM GROUP ADVOCATES NAME CHANGE

AUTISM Spectrum Australia (Aspect) is advocating for a change in wording from World Autism Awareness Day to World Autism Understanding Day.

Considering this globally recognized day, Aspect consulted with the Autistic community to find out what they would most like others to know about Autism.

The overwhelming response was that no two Autistic people are the same, and Autism may not be what people think it is. Jacqui Borland, CEO of Aspect, supports this change in language as it can help educate the wider public, creating a more inclusive environment.

Borland encourages people to ask Autistic individuals about their experiences with Autism and offer support and resources.

Building a more inclusive environment is the responsibility of all, and a shift in language and response to disclosures can be a positive step towards this goal.

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Friday, 07 April 2023 08:16

TENANTED INDUSTRIAL FACILTY SOLD FOR $16M

A TENANTED industrial facility at Wetherill Park in Western Sydney has sold to an owner occupier for more than $16M.
 
Spanning 5,715sqm the freestanding site at 8 Kellaway Place is amongst limited supple of built form facilities in Western Sydney and includes two separate units of 1,507sqm and 2,135sqm for a combined 3,642sqm full height concrete warehouse with access via two roller shutter doors.
 
Janet Joljian and Elijah Shakir from CBRE managed the sale of the facility via private treaty.
 
“The property consists of an industrial freestanding site split into two tenancies, ultimately providing an opportunity to occupy or re-position upon lease expiry,” said Joljian.
 
The site is currently occupied by Swedish paints and performance coatings company, Akzo Nobel, with a lease term set to expire in October 2023 and a Dangerous Goods license.
 
The lease brings in a passing rental of $515,000 net per annum, with the sale price reflecting a 3.31% yield with a pending lease expiry.
 
“The purchaser was attracted to the building due to the ability to occupy one tenancy and receive uplift in rental within the other tenancy,” concluded Jolijian.
 
The site is zoned IN1 General Industrial, with crane rails, gantry cranes and High power supply in the tight market of the core industrial precinct of Wetherill Park, offering the new owner corporate headquarter appeal.
 
Recent activity in Sydney’s industrial market has seen Vaughan Constructions appointed to deliver Hale and LaSalle Investment Management’s ramp-up industrial facility at Matraville, in one of Australia’s first large-scale multi-level warehouse developments.
 
With the NSW capital seeing industrial vacancies fall by 31% in 2022, reaching a country low for availability at just 89,129sqm, leading prime rents to grow by grew 12% over Q4 2022 and 29% over the year.
 
- Australian Property Journal.
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Friday, 07 April 2023 08:11

ANGLICAN SELLDOWN CONTINUES

The site that just sold.
Northwest landholding goes for $17.5M
THE Anglican Schools Corporation has offloaded a large landholding close to the Bella Vista metro station, in Sydney’s fast-growing northwest, for $17.5M to a local vocational training establishment.
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