Australian Commercial real estate price trends

Aug 23, 2022

Cygnet West will begin property management of Primewest’s portfolio on October 1

Cygnet West strengthens retail property management portfolio. Cygnet West Chief Executive Imran Mohiuddin said the deal was built on a long and successful relationship with Primewest, which has spanned more than 15 years.

Aug 19, 2022

Deals

Sold

Brisbane riverfront commercial buildings sold - CBRE

A Brisbane-based private investor has purchased two premium buildings in Brisbane’s inner city suburb of Milton for $46.6 million.

Aug 18, 2022

Today’s Ray White Commercial auctions achieve 60% clearance across 3 markets, Canberra, Brisbane, and the Gold Coast.

Ray White Commercial Canberra agents Ben Faulks and Mark Thompson, in conjunction with Scott Stephens from Ray White Commercial Sydney North, achieved a 100 per cent clearance rate, selling five out of five properties under the hammer.

Aug 16, 2022

Charter Hall wholesale fund CPOF secures iconic Collins Place precinct

100 per cent freehold interest in Collins Place sold to Charter Hall Prime Office Fund. The world-class office, entertainment and hotel precinct in the highly coveted Paris end of Melbourne’s CBD negotiated by Adam Woodward of Colliers.

Aug 15, 2022

Return to the office set to drive CBD retail recovery - CBRE Report

CBRE’s H1 CBRE Retail Vacancy report shows that the Sydney CBD vacancy declined 70bps to 6.9% in the first half, with the opportunistic expansion of premium and luxury retailers helping to drive demand.

Aug 11, 2022

PCA Office survey - Perth and Canberra only markets to increase office occupancy whilst Melbourne drops to 38%

The Property Council’s survey for July 2022 found Melbourne’s occupancy dropped from 49 to 38 per cent, Sydney from 55 to 52 per cent, Brisbane from 64 to 53 per cent and Adelaide from 71 to 64 per cent. Canberra and Perth were the only markets to record an increase in office occupancy, from 53...

Aug 10, 2022

Deals

Sold

GIC joins Charter Hall at 555 Collins St Melbourne

50% of 555 Collins St Melbourne sold to Singapore’s sovereign wealth fund GIC. Charter Hall Group Prime Office Fund has sold a 50 per cent interest in 555 Collins Street to Singapore’s sovereign wealth fund GIC, with the transaction having received FIRB approval.

Aug 8, 2022

Ray White Commercial celebrates its 2022 Australasian award winners

The Ray White Commercial 2022 annual awards went off with a bang last night with more than 260 people gathered on the Gold Coast to celebrate the top offices and individuals from across the Australasian network.

Aug 4, 2022

Charter Hall signs long-term renewable energy supply agreement with ENGIE

Charter Hall Managing Director & CEO, David Harrison, said, “At Charter Hall, we are leveraging our platform-wide scale and ENGIE’s world-leading renewable power capacity to unlock value and secure competitively priced, renewable electricity. ENGIE Australia & New Zealand CEO, Andrew...

Aug 4, 2022

CBRE commentary: Property Council of Australia Office Vacancy Statistics

To accompany the release of the latest Property Council of Australia Office Vacancy Statistics, CBRE's Office Leasing experts from around Australia lead by Mark Curtain, CBRE Head of Office Leasing, Pacific and Tom Broderick Head of Office Research Australia share their insights into the key...

Australian Commercial real estate price trends

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