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Sydney's Pitt Street Mall ranks 8th World’s most expensive retail - Cushman & Wakefield

Milan’s Via Montenapoleone, has overtaken New York’s Upper 5th Avenue to be crowned the world’s most expensive retail destination, according to Cushman & Wakefield.

Western Australia (WA)Perth

Deals

Murray Street Perth unveils luxury with new Omega store - RWC

Ultra-luxury boutique at 317 Murray Street Perth leased to Omega, negotiated by RWC WA agent Luke Pavlos, alongside Lease Equity’s Jim Tsagalis.

New South Wales (NSW)Sydney

Deals

Bunnings Albion Park sold for $40.6 million by CBRE

Bunnings Albion Park sold by CBRE Senior National Director of Retail Capital Markets – Australia, James Douglas on behalf of Charter Hall, with Costi Cohen’s Tas Costi and Jacky He acting as the buyer’s agents and transaction advisor.

News Roundup

https://www.therealestateconversation.com.au/news/2020/03/19/why-property-stands-sturdy-coronavirus-smashes-stock-markets/1584590231

Why property stands sturdy as Coronavirus smashes stock markets

History has shown when there are corrections in global stock markets, Australian property becomes a port in the storm.

The Real Estate Conversation

https://www.thehotelconversation.com.au/news/2020/03/18/sydney-airport-suites-sale-jll/1584498439

Sydney Airport Suites for sale - JLL

Sydney Airport Suites for sale through JLL Hotels and Hospitality Group Senior Vice President Andrew Langsford, Tom Gibson and Director of Sales and Investments, Dylan McEvoy.

The Hotel Conversation

https://www.retalkasia.com/news/2020/03/18/pandemic-expected-have-somewhat-short-lived-impact-us-commercial-market-cbre

Pandemic expected to have 'somewhat short-lived' impact on US commercial market - CBRE

With the US Federal Reserve cutting short-term interest rates by 100 basis points this week, CBRE examines the impact of the coronavirus pandemic on the US commercial market.

RETalk Asia

https://www.therealestateconversation.com.au/news/2020/03/18/brisbanes-grandest-home-windermere-sold-ascot-record-over-13m/1584478416

Brisbane's grandest home Windermere sold for Ascot record over $13m

Windermere is one of Australia's best homes in Brisbane's best street Sutherland Avenue sold for in excess of $13 million through agents Matt Lancashire and Hamish Bowman Ray White New Farm.

The Real Estate Conversation

https://www.therealestateconversation.com.au/news/2020/03/16/what-state-emergency-means-victorian-real-estate/1584314840

What a State of Emergency means for Victorian real estate

This morning a state of emergency was called by the Victorian Premier, Daniel Andrews but what does this mean for real estate in the state?

The Real Estate Conversation