4.5% yield is a regional NSW record for this asset class sold by Savills
Regional NSW retail asset leased to Dan Murphy’s sold for $11.187m at 4.5% by Steven Lerche, National Director, Retail Investments at Savills Australia, who negotiated the sale alongside colleague Andrew Palmer.
Church St showroom/office for sale circa $12.5m by Teska Carson
Strong demand for city fringe showroom and office property is likely to attract a healthy crowd of investors to the auction of a Church Street Richmond property with expectations of circa $12.5 million, according to marketing agents Teska Carson directors, Matthew Feld and Michael Taylor.
7-Eleven sold for $7.6m sets record low 5.14% yield in Queensland by Cushman & Wakefield
7-Eleven at 2009 Sandgate Road Virginia sold to local investor for $7.6m on a 5.14% yield. The low yield represents a new benchmark for a freestanding 7-Eleven in Queensland. The property was marketed as part of Cushman & Wakefield’s National Investment Sales April portfolio, and sold by...
Two Coles anchored shopping centres and a Bunnings transact for almost $80 million by JLL
Transactions of convenience-based retail assets have continued their significant momentum with the sales of three key assets in Victoria; Coles Morwell for $27.85m, Torquay Village for $40m and Bunnings Horsham for $9.8m. The JLL Retail Investments team of Stuart Taylor and Tom Noonan handled...
Romper & Co moves from Pop Up to Permanent by CBRE
The Victorian Retail Leasing Team at CBRE have concluded a leasing transaction at 471 Chapel Street, South Yarra, CBRE’s Jason Orenbuch concluded the leasing deal on behalf of a private landlord which saw Romper & Co secure the central Chapel Street location.
New dominant Large Format Retail for sale Melbourne growth corridor by JLL and Stonebridge
The newly constructed Craigieburn Junction Large Format Lifestyle centre for sale. PGIM Real Estate has appointed JLL Nick Willis & Sam Hatcher and Stonebridge Justin Dowers & Philip Gartland to handle an on-market sale.
Regional investments soar, as Coles Swan Hill Shopping Centre sold for above $20 million Stonebridge
A regional Victorian Coles anchored neighbourhood shopping centre has transacted for $20,075,000, representing a yield of 5.08% marketed by Stonebridge Property Group Justin Dowers, Kevin Tong and Philip Gartland.
M&G Investments Casey Central sold for $225m by Colliers
Colliers negotiates largest sale of a Victorian sub-regional shopping centre in five years. Lachlan MacGillivray, Head of Retail Investment Services at Colliers, facilitated the landmark sale on behalf of M&G Investments to Haben Property Fund together with their Joint Venture Partner The JY...
Freestanding building on bustling Swan Street Richmond leased to The Card Network by Fitzroys
The Card Network has leased a 635sqm rare freestanding building on bustling Swan Street, Richmond leased by Fitzroys Associate Stephen Land who negotiated the five-year deal at 250-254 Swan Street at $254,000 per annum plus GST.
Melbourne businesses opening in new locations as Exhibition Street ground floor space leased by CBRE
The Victorian Retail Leasing Team at CBRE have concluded a leasing transaction at 237 Exhibition Street, Melbourne, CBRE’s Jason Orenbuch concluded the leasing deal on behalf of a private landlord which saw registered training organisation, OCTEC secure the 76 sqm ground floor retail space.
