Australian commercial property news

Dec 22, 2022

Civic Centre Car Park Geelong sold by Colliers exceeds price expectations, selling under the hammer for $22.6 million

On behalf of The City of Greater Geelong, The Civic Centre Car Park sold by Colliers’ selling agents Ben Young, Andrew Lewis and Chris Nanni on behalf of The City of Greater Geelong. 21 Gheringhap Street Geelong sold at auction for $22.6 million.

Dec 14, 2022

201 Elizabeth St, Sydney, receives development approval for owners Charter Hall and Abacus Group

The A-grade, 38-storey modernist office tower scheduled to open in 2024. 201 Elizabeth Street Sydney’s CBD was purchased by Charter Hall (68%) and Abacus (32%) in 2019 for $630 million.

Dec 14, 2022

REITs seek B Grade offices to achieve ESG goals says Colliers

REITs are hiring people dedicated to locating secondary office assets, which are ripe for refurbishment and repositioning, addressing occupier demand for higher quality spaces with a lower carbon footprint, according to Simon Hunt, Managing Director Office Leasing, Colliers Australia.

Dec 13, 2022

Westralia Square full floor leased to global leader in the energy industry brokered by Colliers

A global leader in the delivery of offshore projects and services for the energy industry is set to move into Westralia Square. Colliers National Director Office Leasing, Jemma Hutchinson, brokered the direct deal with Subsea7 and GDI.

Dec 12, 2022

Profiles

Agents and Agency

Cushman & Wakefield appoints Craig Townsend Associate Director - Client Services, Project & Development Services WA

Maria Russo-Fama, Cushman & Wakefield’s Director - Client Services, Australia & New Zealand, Project & Development Services, said “Craig Townsend will be instrumental in growing our team to better service our commercial, retail, hospitality and Government clients in WA and across...

Dec 8, 2022

Equifax signs up as anchor tenant at Blue & William in North Sydney

Keppel REIT Management Limited and Lendlease today announced that Equifax, a global data, analytics and technology company, will be the anchor tenant for the new office development Blue & William in North Sydney designed by global architecture and design studio Woods Bagot.

Dec 8, 2022

Profiles

Agents and Agency

Sean Hennessy returns home as Director of Office Leasing Ray White Commercial QLD

Ray White Commercial QLD Partner and Head of Sales Tom Barr said he was very pleased to welcome Mr Hennessy into the business. “We look forward to seeing him re-establish himself in the Brisbane market where he has a good network and many strong relationships,”

Dec 6, 2022

Profiles

Developers

Anita Hoskins appointed as Real Utilities General Manager

Real Utilities is the in-house energy retailing business of Frasers Property Australia but operates as a stand-alone business, supplying 100% Climate Active-certified carbon neutral energy and providing cheaper, greener, energy. Anita Hoskins is the new General Manager of Real Utilities and...

Dec 6, 2022

REIA has today revealed their inaugural State of the Industry Report: Australian Commercial Real Estate powered by Re-Leased.

REIA President, Mr Hayden Groves, said that the State of the Industry Report shows the standouts are Australia’s regional areas, which are primed for growth in demand for commercial property, after years of investors focusing on capital cities.

Dec 5, 2022

Deals

Sold

Nexus Business Centre Gisborne sold to private Melbourne investor for $23,170,000 by CBRE

The CBRE Capital Markets Office team of Scott Orchard and Tom Ryan negotiated the sale on behalf of the private family who developed Nexus Business Centre in 2008 underpinned by a major pre-commitment to AAMI/Suncorp.

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