latest commercial real estate property news

Nov 15, 2023

New Projects

Brookfield and Investa Gateway Office Fund’s 388 George Street 100% leased

PVH Brands, one of the world’s largest global lifestyle companies with a stable of iconic brands including Calvin Klein and Tommy Hilfinger, has leased 5,000 square metres from Levels 8 to 11 on a 7-year term.

Nov 14, 2023

Monash Technology Precinct building and warehouse for sale ready for occupation, development or value-add investment - Fitzroys

Fitzroys’ Paul Burns and Chris James are marketing the landmark property at 88 Ricketts Road Mount Waverley for sale. On 1.8ha the former Cannon headquarters of 4,165sqm and 6,045sqm warehouse for sale with expectations circa $20 million.

Oct 25, 2023

Profiles

Developers

Darren Steinberg to step down as Dexus CEO

Dexus announces that Chief Executive Officer, Darren Steinberg, has advised of his intention to step down in 2024 after more than 11 years in the role. Darren will continue as CEO until the commencement of his successor and will work closely with the Board to ensure a smooth transition. The...

Oct 19, 2023

Boutique Adelaide CBD office building for sale - JLL

Ready for owner occupiers and investors to capture income upside with the building being 68.50% leased. Situated in a convenient location with balconies offering extensive views towards both the CBD and the Adelaide Hills.

Oct 12, 2023

Cottesloe’s first new commercial office development in 25 years offers rare opportunity for businesses - Sterling Property

Sterling Property has been appointed as the Exclusive Selling Agent for 28 Station Street — a high-profile corner block adjoining Stirling Highway in one of Cottesloe’s best commercial and retail precincts.

Oct 5, 2023

Featured Listings

Investment For Sale

ASX-listed GDI Property Group offer Perth CBD car park for sale by CBRE

ASX-listed GDI Property Group’s 10-level Perth CBD car park for sale. 419-431 Murray Street for sale by CBRE’s Aaron Desange and Nicholas Volk.The 839-bay car park is operated under a five-year management agreement with Wilson Parking, a subsidiary of Hong Kong-based property developer Sun Hung...

Sep 19, 2023

South Yarra investment for sale with 10-year lease to Malaysian Consulate - Cushman & Wakefield

Two and a half floors inside Yarra One for sale, a landmark office building in the heart of South Yarra, designed by the renowned architectural firm Fender Katsalidis and completed in 2020 by owners EcoWorld International. Levels 1 &2, 16 Claremont Street South Yarra for sale by Cushman...

Sep 12, 2023

Deals

Sold

SPAR anchored Retail Investment sold on strong yield for $11.46m to a private investor by Colliers

The Hub Westlake, anchored by SPAR sold for nearly $1.4m more than previous sale price showing resilience in the retail sector given current market conditions. The Hub Westlake sold by Colliers Harry Dever, Associate Director of Colliers Retail Middle Markets on behalf of Real Asset Management (...

Sep 11, 2023

QV1 recognised for excellence in Facilities Management at 2023 RICS Australia Awards

QV1’s Facilities Management team has been recognised for their commitment and passion for the precinct and the wider industry after being named the Facilities Management Team of the Year in the 2023 RICS Australia Awards.

Sep 6, 2023

Deals

Sold

503 Murray Street sold for $33.225 m in Perth’s largest CBD transaction this year - Sterling Property

The off-market sale of an A-grade property at 503 Murray Street a seven-storey office building in Perth’s west end sold to Properties & Pathways, by independent agency Sterling Property’s Senior Partner Jack Bradshaw.

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