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October Update

Welcome to the Pure Property Management Blog. Our team hopes that through this publication we can keep you up to date with the current commercial market and information that is relevant to both investors and tenants.

The team at PurePM were proud to support Breast Friends Fundraising and their annual golf day on the 6th October. Thanks to the generous support of everyone on the day, they were able to raise $12,400 to help fight women’s cancers.

 

Management News

Fund manager Aviator Capital has made its first foray into the Brisbane market by snapping up the Highpoint Plaza complex in Ashgrove for $33.5 million. The purchase of the 240 Waterworks Road property was the company’s largest acquisition to date and adds to its holdings in Newcastle.

The centre comprises a mix of commercial and medical tenancies and is dominated by the latter category. It sits on a 5,648sqm site and is anchored by Good Life Health Clubs, Metro Radiology and Ashgrove Family Practice. It also houses Ashgrove Serviced Offices, a Bank of Queensland branch and Brazilian Beauty.

The property, that includes a 230-vehicle car park, was sold with a weighted average lease expiry of 5.6 years.

The team at Pure is proud to be managing this building on behalf of Aviator Capital.

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