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Commercial property
Melbourne and Sydney Office Space to Tighten in 2017
Published at: 20/01/2017

Prime office rents soared in Sydney and Melbourne over 2016 with both capital cities enjoying double-digit growth and the trend is set to continue this year, according to new figures. In Sydney, office rents rose 6 per cent in the final quarter of 2016 to end the year up 17.6 per cent while in M...


South melbourne pic
South Melbourne Super Site Could Reach $35 Million
Published at: 18/01/2017

A Whole Melbourne suburban block is expected to fetch around $35 million at sale in what has been touted as the first major development opportunity offered in the city for 2017. The 4630 square metre super site bordered by Cecil, York, Northumberland and Market streets, comprises a collection of...


Sydney cbd aerial shot
2017 To Be the Year of the Hotel
Published at: 13/01/2017

Australia's booming hotel sector is set for a massive injection of fresh supply this year with new hotels to open in Sydney, Melbourne, Brisbane, Adelaide, Canberra and Perth. Some of this new supply will put downward pressure on daily room rates and occupancy levels in weaker markets such as Br...


Sydney office leasing
Korea and Japan to Crowd into Australian Commercial Property
Published at: 11/01/2017

Korean and Japanese institutions are set to crowd into the Australian Commercial Property Market prompting predictions that investment yields may fall below 5 per cent on prime CBD office towers in 2017. While some individual assets traded more sharply, investment yields on prime property were [...


Commercial graph
Retail Property Outlook Bright Across the Majors
Published at: 16/12/2016

The outlook for retail property in Sydney, Melbourne and Brisbane is strong, with all cities expected to perform well for at least the next two years, according to a report released this week. Respondents to the Australian Property Institute’s (API’s) Property Directions Survey, made up of prope...


Commercial leasing
Ripe Glenferrie Road Investment Sells on 3.6% Yield
Published at: 15/12/2016

An offshore investor has acquired a prime Glenferrie Road, Malvern investment property for $2.6 million under the hammer, on a tight 3.6% yield. Fitzroys agents Chris Kombi, Michael Ryan and James Gregson sold the property. The 200sqm site at 98 Glenferrie Road comprises a two-storey building...


Malcolm gunning
CVIEW Director Appointed REIA President
Published at: 11/12/2016

Online commercial property portal commercialVIEW.com.au Director Malcolm Gunning has been appointed as President of the Real Estate Institute of Australia (REIA). Mr Gunning was elected to the presidency at the REIA's Annual General Meeting held in Canberra late last week. Mr Gunning has over 4...


Commercial investment rise
Huge Year for Commercial Property Investment
Published at: 09/12/2016

Childcare centres trumped petrol stations as investors took a more cautious approach to commercial property investment at the final portfolio auction of the year. Following Tuesday's rate announcement where the RBA left rates at a record low 1.5%, buyers snapped up 16 out of 29 properties offere...


Sydney hotel
Sydney Hotel Produces Record Auction Sale
Published at: 01/12/2016

Sydney's Tennyson Hotel has been bought for $37.05 million in what could be an Australian hotel auction record. Bar tsar and Merivale boss Justin Hemmes purchased the property at an auction held at Ray White's head office in the Sydney CBD this week which attracted 250 potential purchasers. But...


Improved commercial market
Commercial Property Outperforms Stockmarket
Published at: 29/11/2016

Returns from Australia's office, retail and industrial properties are outpacing the stockmarket by 4.6 per cent, according to new figures. Official data from the Property Council/IPD Australia All Property Index, which tracks more than 1400 commercial assets valued at about $165 billion, shows t...


Sydney office leasing
Sydney's Office Leasing Market Strongest Ever
Published at: 24/11/2016

Sydney commercial property landlords are seemingly in the box seat with the CBD seeing arguably its strongest office leasing market to date, according to Ray White Commercial. Ray White Commercial’s Anthony Harris said with the beginning of the redevelopent at Circular Quay's 1 Alfred Street, S...


Sydney art deco
Art Deco Inspiration Hits the Market in Sydney
Published at: 23/11/2016

A Spectacular freestanding Art Deco inspired office building located in the buzzing creative North Shore hub that is McMahons Point has hit the market in Sydney. Once predominately working class, McMahons Point is now among Sydney’s most exclusive localities. In 2016, it was rated as Sydney’s th...


Commercial property location
Queensland's Vertical Village Begins to Go Up
Published at: 17/11/2016

Construction on Stockland's greenfields "vertical" retirement village, a $63 million Oceanside Retirement Village on Queensland's Sunshine Coast, was expected to begin today (Friday). The second such vertical village that Stockland has embarked upon is a 140-unit, eight-storey development due fo...


Commercial doors in office buildings
Meadowbrook Sales Continue Queensland Comeback
Published at: 16/11/2016

It appears the rise of property markets in Brisbane and Queensland are continuing if a couple of recent sales in the suburb of Meadowbrook are any indicator. Two side by side properties have sold within weeks of each other in Meadowbrook’s University Drive complex, the first to an overseas inves...


Commercial leasing
Retail Reforms to Benefit Commercial Leasing Industry
Published at: 10/11/2016

The retail leasing industry and small businesses throughout NSW will benefit from reforms introduced into State Parliament this week, according to the Real Estate Institute of New South Wales (REINSW). REINSW CEO Tim McKibbin said amendments to the Retail Leases Act 1994 (NSW) would make doing b...


St kilda rd
Solomon Lew Acquires St Kilda Road Tower
Published at: 09/11/2016

Solomon Lew's Premier Investments has paid $55 million for an un-tenanted St Kilda Road office tower. The eight-storey tower at 457 St Kilda Road was sold with vacant possession after the recent departure of Computershare subsidiary Serviceworks Management. The St Kilda Road purchase includes a...


Commercial property auction
Malvern Retail Freehold Sails Past Reserve
Published at: 04/11/2016

A prime Malvern retail freehold in the key Glenferrie Road shopping precinct has been sold for $3.21 million under the hammer, $710,000 above the reserve price. Agents Chris Kombi and Geoff Emmett of Fitzroys handled the campaign, which ultimately saw six bidders compete for the property at auct...


Commercial doors in office buildings
6% Yield the New Norm for Australian Commercial Property
Published at: 02/11/2016

According to new research from global commercial agency Savills, a 6 per cent yield is the new normal in Australia as large amounts of capital continue to chase retail investments. Sales of retail assets soared $1.3 billion over the five-year average to reach $8.4 billion in the year to Septembe...


Commercial property sold
$100 Million in Two Days: Appetite for Commercial Property Grows
Published at: 27/10/2016

Two days of portfolio auctions in Melbourne and Sydney have netted over $100 Million in commercial property sales, indicating that there is still a large appetite for commercial property in Australia. This week's Burgess Rawson auction boosted the overall two-day clearance rate to 65 per cent as...


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Bayside Brisbane Landmark Hits the Market
Published at: 26/10/2016

One of the most significant retail assets on Brisbane’s bayside, the Horizon at Wellington Point Shopping Centre, is being offered for sale by Ray White Commercial in conjunction with Jones Lang LaSalle (JLL).   The major investment opportunity at 685 Old Cleveland Road East, Wellington Point, is...


Chapel street
Chapel St Resurrection Continues with $14.96 Million Sale
Published at: 21/10/2016

A huge crowd of over 200 people watched on as a prominent commercial corner property in Melbourne's popular Chapel Street sailed $2 million past its reserve to sell for an incredible $14.96 million recently. [The property at 125-131 Chapel St, Windsor](http://www.commercialview.com.au/125-131-ch...


Reinsw 2016 winners 0005
REINSW Recognises Top Commercial Agents
Published at: 19/10/2016

The best Commercial Real Estate professionals in the business were recognised at the 2016 Real Estate Institute of New South Wales (REINSW) Awards for Excellence Gala Dinner held in Sydney last week. CEO of commercial property awards sponsor commercialVIEW.com.au, Daniel Bignold, said the awards...


Williamstown 7
Magnificent Seven Goes for $7 Million
Published at: 13/10/2016

A Prime Williamstown retail site has fetched $7 million under the hammer, the second landmark sale in Melbourne’s west in recent weeks. The 738sqm corner property at 20-26 Ferguson Street, comprised seven titles offered as a whole and was sold at auction by Fitzroys on a 3.85% net yield. A loc...


Chatswood sale
Sydney Strata Office Sold for Record Price - 2.45% Net Yield
Published at: 12/10/2016

Two unique strata lots which formed the entire top floor of 20 Thomas Street, Chatswood have been sold at a 20% increase in price compared to this time around 12 months ago when the property was unofficially for sale off market. Located in a booming commercial precinct only moments from Chatswoo...


Commercial property rise
Yields Tumble as Commercial Demand Rises
Published at: 06/10/2016

A Retail freehold in the key Centre Road, Bentleigh shopping strip in Melbourne's south-east has sold for $2.025 million under the hammer on a 3.20% yield. Fitzroys agents Chris Kombi and Mark Talbot sold the property on behalf of the vendor, with six bidders on auction day pushing the price $35...


Bank big
Cash Rate Held, Commercial Property Forges Ahead
Published at: 05/10/2016

The Reserve Bank left the official cash rate on hold at the historic low of 1.5 per cent at its monthly meeting yesterday. The hold decision was widely anticipated after two rates cuts already this year, as the RBA monitors the effects of the record low cash rate on the economy and currency. Th...


Commercial property
Sydney Metro Bolsters City's Commercial Market
Published at: 28/09/2016

Australia's biggest public transport project, Sydney Metro, continues to contribute to the rise of Sydney's Commercial Property market. The NSW government has agreed terms on half of the properties it needs for the second stage of Sydney Metro, with many of these commercial buildings becoming mu...


Commercial property auction
100+ Bids See Melbourne Warehouse Sail Past Reserve
Published at: 27/09/2016

With over 116 registered bids in front of a crowd of over 80 people, an older-style free standing Melbourne warehouse has sold under the hammer for an incredible $1,175,000. Selling well above the reserve price, the property, at 36 Isabella St, Moorabbin, was highly sort after with inspired comp...


Anz
High Profile Bank Site Bought for $1.87 Million
Published at: 23/09/2016

A Prominent Braeside ANZ bank site in Melbourne has been sold for $1.87 million. Agents Mark Talbot, Geoff Emmett and Terence Yeh handled the successful auction campaign, which saw the property sold on a 5.1% yield. The high-profile 1,500sqm site at 246 Boundary Road was sold with a five-year l...


Beertoast
Iconic Sydney Watering Hole Goes for Millions
Published at: 21/09/2016

One of Sydney's most famous drinking holes, the Colombian Hotel on Oxford Street, has been snapped up at a price understood to be in excess of $15 Million. The price was not disclosed, but it's understood the new purchasers, Iris Capital, paid the hefty sum for the imposing three-storey former W...


Reiv awardss
REIV Commercial and Industrial Award Winners Announced
Published at: 16/09/2016

The REIV's Commercial & Industrial Marketing Awards showcase the best in commercial and industrial advertising, marketing and promotion across commercial sales and leasing campaigns. The awards recognised and reward members who have gone the extra mile in pursuit of service, ethics and results, ...


5 9 ferguson williamstown
Three of a Kind in Williamstown Fetch $4.225 Million
Published at: 13/09/2016

Arguably one of the most rare and attractive Melbourne retail strip offerings of the year has been sold under the hammer for $4.225 million. Three adjoining shops at 5, 7 & 9 Ferguson Street in the sought-after western hub of Williamstown were offered in one line and sold on a land rate of $11,2...


Bourke street mall 1
$150+ Million Bourke Street Mall Deal
Published at: 09/09/2016

A One-third stake in Myer's flagship store in Melbourne's Bourke Street mall has been sold in a deal worth $151.3 million. Global funds manager TH Real Estate has bought out the Myer family's share, ending and era and further underlining current trends as major international institutions compete...


Cassegrain winery
Showcase Property to be Auctioned in Sydney
Published at: 07/09/2016

A showcase property, currently leased to wine producers Cassegrain Winery, will be auctioned next week. Listed by Burgess Rawson, Sydney, the property incorporates the original vineyard planted by the Cassegrain family in 1980 which was the first in the region, according to records. Marketing a...


Google
Google Narrows Search for New Aussie Headquarters
Published at: 02/09/2016

Google is in exclusive discussions with the NSW Government over the development of Sydney's derelict White Bay power station into the tech giant's new Australian headquarters. The government's city transformation arm UrbanGrowth NSW formed a protocol with Google this week to guide negotiations. ...


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Williamstown Retail Space Goes for $3.3 Million
Published at: 31/08/2016

Fitzroys has sold a Williamstown retail property in a prime corner position at 60 Ferguson Street & 3 Coxs Garden for $3.3 million. The property was sold by Fitzroys agents James Gregson and Michael Ryan to a developer. Over two titles with three street frontages totalling 60 metres, the 433sqm...


Sydney cbd aerial shot
Sydney Yields Outstrip World's Major Cities
Published at: 26/08/2016

Sydney, and increasingly Western Sydney, continues to remain one of the most popular locations for industrial investment across the Asia Pacific region. The ongoing infrastructure spend in Sydney has resulted in $68 billion being spent and with a robust labour market added to the mix, industrial...


Trend
Commercial Agents Taking Control of their Future
Published at: 24/08/2016

Commercial real estate agents across Australia are taking control of their future with the expansion of research-focused portal CommercialVIEW.com.au. CommercialVIEW.com.au CEO Daniel Bignold said the company was offering real estate agents a [new viable alternative to the major portals](http://...


Commercial doors in office buildings
Sky High Schools in Style
Published at: 19/08/2016

Towering multi-level high school buildings are fast becoming the way of future education with Adelaide the next major city to embark on such a project. [The South Australian capital](http://www.commercialview.com.au/search?utf8=✓&search%5Bsale_lease%5D=sale&search%5Bsuburb_hint%5D=ADELAIDE+5000+...


Award statue 277x300
Premier Property Award Nominations Continue
Published at: 18/08/2016

As the 2016 REINSW Awards for Excellence begin to take shape, the nominations keep rolling in, with Crows Nest based commercial and industrial specialists Sutton Anderson attracting a nomination in the Small Commercial Agency of the Year category. Sutton Anderson was founded in 2008 by Brad Sutt...


Award nomination
CI Australia Announced as Commercial Award Finalists
Published at: 17/08/2016

CI Australia has joined some of the industry's big international players as finalists in the 2016 REINSW Awards for the categorty of Commercial Agency 'Large'. This is excellent recognition for CI in such a distinguished category, mainly dominated by large international agencies. CI Australia C...


Brisbane cbdandsb
$200 Million Brisbane Property Purchase on the Cards
Published at: 12/08/2016

Financial services giant Challenger Life is in advanced discussions to buy the Industry Superannuation Property Trust's Green Square office building in Brisbane for more than $200 million. Challenger has a mandate from a Korean pension fund to buy the building known as Green Square South Tower, ...


Commerical property confidence
Clearance Rates Confirm Commercial Confidence
Published at: 10/08/2016

A commercial property portfolio in Sydney has enjoyed a 77% clearance rate, with the sale of over $33 million worth of commercial property indicating that the market is still in good shape. Highlights of the Burgess Rawson auction included a medical practice in Gosford which sold on an impressiv...


Commercial property location
Why Commercial Property is About Location
Published at: 05/08/2016

If you’re looking to invest in commercial property it won’t be too long before you realise that it’s often all about location, location, location. On top of a good location, a good commercial investment is often characterised by a secure lease preferably to a national tenant. In Australia, we l...


Industrial warehouse
Commercial Industrial Sites Bringing Big Results
Published at: 03/08/2016

A Seaford industrial site has sold for $1.825 million under the hammer, reflecting a sub-7% yield. Dean Alexander and Mark Talbot of Fitzroys handled the campaign, which saw in excess of 60 enquiries and four bidders on auction day. Alexander said the vendor was a family which had held the prop...


134lygonst
Low Yields Producing High Results
Published at: 29/07/2016

A Melbourne agent has sold a fourth Melbourne retail strip property in as many weeks on a sub 3% yield, as ripe economic conditions open opportunities for significant returns for vendors. Agents Chris Kombi and Adam Lester sold 134 Lygon Street, Brunswick East at auction for $1.38 million, almos...


Retail Property Will Weather Woolworths Woes: Experts
Published at: 27/07/2016

As Supermarket giant Woolworths prepares for staff layoffs and store closures, it will also write down almost $500 million worth of property, but experts believe the broader retail property market won't be materially impacted by the move. The impairments include $195 million of costs resulting f...


Brisbane cbdandsb
Brisbane Commercial Office Market to Improve
Published at: 22/07/2016

Brisbane's office market is expected to hit peak vacancy by the end of the year before recovering demand and withdrawn stock improve its situation, according to a new JLL paper. The forecast is part of a longer view on the Queensland economy, where the retreat of the resources boom has taken its...


Commercial property
Sydney and Melbourne Big Office Movers
Published at: 15/07/2016

Sydney and Melbourne accounted for 81 per cent of total national CBD net absorption in the [CBD office market](http://www.commercialview.com.au/search?utf8=✓&search%5Bsale_lease%5D=sale&search%5Bsuburb_hint%5D=&search%5Bproperty_types%5D=&search%5Bquery%5D=office&search%5Bmin_sale_price%5D=&searc...


Social media image
Amazon joins LinkedIn, Facebook in New Aussie Digs
Published at: 13/07/2016

The world's biggest online retailer, Amazon, has taken a full office floor in Melbourne's central business district joining a host of big name technology companies expanding on Australia's east cost. In a highly confidential deal, Amazon has leased about 1600 square metres in the Ernst & Young b...


Education precinct
Education Approved Premises Proving Hot Property
Published at: 07/07/2016

Education groups are now looking to purchase education approved commercial premises as an alternative to leasing due an abundance of short supply in the Sydney CBD. Commercial agents Burgess Rawson have recently sold Level 6, 8 Quay Street Haymarket to a private college due to a lack suitable le...


Industrial warehouse
Industrial Land Values Rise Almost 17%
Published at: 06/07/2016

A recent overview of Melbourne's industrial market has revealed that average land values for sites between 1 and 5 hectares rose 16.9 per cent in the city's west over the year to April. According to Knight Frank's [Melbourne Industrial Market](http://www.commercialview.com.au/search?utf8=✓&searc...


Unionrd1
Retail Ripper Snapped Up in a Month
Published at: 01/07/2016

A Two-storey Ascot Vale retail premises has sold within 30 days of going to market. Sold by Fitzroys agents Dean Alexander and Mark Talbot, 153 Union Road went to an owner occupier for $960,000. The split level freehold has a floor area of 147sqm and was sold with vacant possession and with pot...


Sydney cbd aerial shot
Sydney Office Building to Attract $70 Million +
Published at: 30/06/2016

An O'Connell Street office building in Sydney is set to achieve a price in excess of $70 million when it goes to the market in the coming weeks. The 14 level property at 28 O'Connell St is being sold by Global insurance organisation Chubb, formerly Ace, after the two companies earlier this year ...


Commercial property auctions
Bumper Burgess Rawson Auction A Brexit Blessing
Published at: 29/06/2016

With more uncertainty following the Brexit decision, investors have rushed to acquire well-leased Australian commercial property before the end of the financial year with a recent Burgess Rawson portfolio auction of 18 properties generating sales of around $45 million. Experts believe savvy inve...


Colliers lease artarmon
Attractive Artarmon Lease Among Top Recent Results
Published at: 24/06/2016

A Stunning fully renovated freestanding office/warehouse building has just been leased on a three year deal with a further 3 year option in the tightly held pocket of Artarmon, NSW. Leased by Tilt Industrial Design in a deal put together by Colliers International, North Sydney, the quality indu...


Commercial office space
Sydney and Melbourne Rise in Prime Office Rankings
Published at: 22/06/2016

Sydney has moved inside the top 25 to number 22 on CBRE's global ranking of prime office occupancy costs after a 4.9 per cent rise in local prices in the 12 months to March. Melbourne jumped 12 places to 62nd on the list, [the biggest rise of any city globally](http://www.commercialview.com.au/)...


Commercial property
Is Australia's Commercial Property Market at its Peak?
Published at: 16/06/2016

Australia's commercial property market has seen yields tighten to levels not seen since before the financial crisis - so does this mean the market is at its peak? A recent panel discussion including several S&P analysts, Stockland's general manager for Treasury John Arentz, KordaMentha real esta...


Commercial property sale
Office Vacancy Rates Down as Asian Banks Join Ranks
Published at: 15/06/2016

The Sydney CBD office leasing market is enjoying its most buoyant time since 2008, with a 5.5% vacancy rate for A-grade office space the lowest in 8 years. According to global real estate JLL, the "hot streak" of office leasing in the Sydney CBD will continue, supported, amongst other factors, b...


693 burke rd 0055   main
Camberwell Cracker Fetches $8 Million
Published at: 14/06/2016

A Local investor has parted with $8 million for a [trophy office building in Camberwell](http://www.commercialview.com.au/search?utf8=%E2%9C%93&search%5Bsale_lease%5D=sale&search%5Bsuburb_hint%5D=&search%5Bproperty_types%5D=&search%5Bquery%5D=office&search%5Bmin_sale_price%5D=&search%5Bmax_sale_p...


Building a portfolio
How to Grow Your Own Commercial Property Portfolio
Published at: 10/06/2016

A healthy commercial property portfolio is rather like a garden – for consistent growth you need to know when and where to sow, have enough variety to cover all seasons and be prepared to weed out the unproductive. [If you’ve already bought commercial property and are looking to build your inves...


Gorman auction photo
Commercial Property Records Continue to Tumble
Published at: 08/06/2016

Gorman Commercial may have set another record after the sale of 719 Glenferrie Road, Hawthorn recently. With the rent set at a fair market level, the return of 2.89% saw more than 100 people witness the $3.18 million sale. Gorman Commercial Director, Stephen Gorman said that apart from an ex...


Commercial auctions
Government Sell Up Heads Big Commercial Auction
Published at: 01/06/2016

The sale of a handful of NSW Government tenanted properties will headline a large commercial property auction in Sydney later this month. Burgess Rawson have 5 NSW government tenanted investments in their next portfolio auction which will take place on the 28th June, just in time for sales to co...


Commercial 1
$1 Billion Tower for Sydney's Darling Harbour
Published at: 27/05/2016

A $1 billion office tower and retail complex to sit above Sydney's Western Distributor freeway and compete with the city's new Barangaroo development, has been planned by three neighbouring office tower owners. A consortium comprised of the GPT Wholesale Office Fund, Canada's Brookfield and the ...


Sydney cbd aerial shot
Commercial Market Too Good for Sydney Hotel Sale
Published at: 25/05/2016

The Chinese owners of the Radisson Sydney at Darling Harbour have pulled the sale of the 102-room, 4.5-star hotel despite receiving numerous offers well above the asking price of about $40 million. The hotel and recently completed adjoining suites were put up for sale by Ausbao, the Australian s...


Commercial oz
Commercial Property: Australia's Top Investment
Published at: 18/05/2016

From office towers to hotels, commercial property in Australia performed better than any other investment class in the year to March 2016. Aided by lower interest rates, improving fundamentals in Sydney and Melbourne and strong offshore demand, the total return for the sector was 14 per cent acc...


Melbourne burwood property
Commercial Property Juggernaut Rolls On
Published at: 16/05/2016

The Australian commercial property juggernaut has continued with an Expressions of Interest campaign attracting 80 enquiries and a sale price of $4.95 million for a freehold [investment in the inner Melbourne suburb of Hawthorn](http://www.commercialview.com.au/search?utf8=%E2%9C%93&search%5Bsale...


Forest hill chase2.jpg
Dual State Portfolio Sold for Over $841 Million
Published at: 09/05/2016

Retail landlord Vicinity Centres has sold a four-asset portfolio of shopping centres to funds giant Blackstone and local property trust Mirvac in deals worth approx $841.1 million in total. [As reported by commercialview.com.au in February](http://www.commercialview.com.au/blog/posts/shopping-ce...


Crown casino
Bumper Auctions Coming to Sydney and Melbourne
Published at: 04/05/2016

An impressive line up of 33 properties are being offered in a dual city auction event to be held by Burgess Rawson this month. The investments include supermarkets, childcare, service stations, fast food and a range of commercial properties that are located in QLD,[NSW](http://www.commercialview...


530 lonsdale st
Barrister's Sale Sets Strata Record
Published at: 28/04/2016

Prominent Melbourne barrister Robert Richter, QC, and his investment partners have sold their Crockett Chambers in Lonsdale Street to investor Bernie Bialkower for about $8 million in a sale and leaseback deal. Mr Richter confirmed the sale and said "It appears a fair transaction", adding that t...


Nylex building
Nike Australia Looks at New Headquarters
Published at: 27/04/2016

Melbourne developer Caydon is in talks with Nike Australia to anchor a [new office building](http://www.commercialview.com.au/) as part of a proposed $1 billion redevelopment of the Nylex site on the Yarra, according to a recent report from the Australian Financial Review. A nine-level office to...


Richmond sale
Another Big Result For Bridge Rd Strip
Published at: 21/04/2016

A double-storey heritage building on Melbourne's key Bridge Road shopping strip has sold for an exceptional $1.3 million. The property, located at 111 Bridge Road, Richmond, was sold to a private investor with a temporary tenancy in place by Fitzroys agents Terence Yeh and Tom Backay in an offma...


Stockland sale
Stockland to Sell $100 Million+ Asset
Published at: 19/04/2016

Diversified property giant Stockland is selling the $100 million-plus Port Adelaide Distribution Centre, one of the city's largest portside industrial parks. Stockland is hoping to capitalise on growing [investor interest in Adelaide](http://www.commercialview.com.au/search?utf8=%E2%9C%93&search...


Fitzroys lease
Korean Fashion Retailer Takes Key CBD Site
Published at: 17/04/2016

A Korean women’s fashion retailer has a taken a key CBD retail site at 277 Little Lonsdale, Melbourne following a remarkably high level of enquiry. Fitzroys agent Terence Yeh negotiated the lease of the 122sqm ground floor of the building on behalf of building owner CrossCulture Church of Christ...


Overseas investment
Overseas Money Continues to Flow
Published at: 13/04/2016

Chinese appetite for property in Australia shows no sign of waning after buyers doubled investment in the [nation's homes and offices](http://www.commercialview.com.au/search?utf8=%E2%9C%93&search%5Bsale_lease%5D=sale&search%5Bsuburb_hint%5D=&search%5Bquery%5D=offices&search%5Bmin_sale_price%5D=&...


Auction
$62 Million in Commercial Property Sold in Two Days
Published at: 08/04/2016

Commercial investor demand bounced back with a bang this week with two days of Burgess Rawson portfolio auctions in Sydney and Melbourne generating more than $62 million in sales and clearance rates of more than 75 per cent. In Melbourne on Wednesday, 11 of 15 [properties offered for sale](http:...


Gjs
GJS Expands to Western Sydney
Published at: 07/04/2016

*Advertorial* With over 65 years of experience between them assisting clients throughout Sydney, it’s no wonder the team at GJS Property are some of the industry’s most respected professionals. Providing a range of services including commercial and industrial leasing, investment and vacant pos...


Melbourne cbd
$1.3 Billion Collins Street Skyscraper Gets the Nod
Published at: 06/04/2016

Work on Cbus Property's $1.3 billion Collins Street skyscraper in Melbourne is expected to begin before the end of the year after Victorian planning minister Richard Wynne reached agreement with the developer on a scaled-down version of the city block-wide mixed-use project. Mr Wynne said he had...


Commercial property rise
Commercial Property's $4.1 Billion First Quarter
Published at: 01/04/2016

Australia's commercial property sales have outstripped the first quarter of 2015, topping $4.1 Billion in this year's March quarter according to new figures. Though this figure includes some carry over sales not finalised during the strong December quarter, experts believe it is still a reflecti...


Mt hotham
Mt Hotham Ski Site Sells for Just $14,000
Published at: 29/03/2016

One lucky purchaser has snapped up a block of leasehold land in the Victorian ski resort of Mt Hotham for just $14,000. In a rare 'non-reserve' auction, a second leasehold block at $18,000, was also sold on the day, making them the cheapest land purchases on the mountain in 35 years. The two pr...


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Local Agents to Architect Pollock Portfolio Sale
Published at: 23/03/2016

The estate portfolio of renowned architect Walter Pollock featuring three rare inner city opportunities in Melbourne will go to the market in May. Pollock was a revolutionary figure in Australia’s architecture industry throughout the 20th century and the properties, which will be auctioned on si...


Sydney sale
Sydney's Inner West Records $20 Million Sale
Published at: 18/03/2016

A commercial site at 400-426 Victoria Road in Sydney's inner west suburb of Gladesville has sold for a record price of $20 million. Snapped up by a local investor, the property has potential gross floor area of 7503 sqm and an extensive 76-metre Victoria Road frontage and water views of Parramat...


Rundle mall adelaide
Major Mall Sale Adds to Adelaide Run
Published at: 16/03/2016

City Cross Shopping Centre on Adelaide's popular Rundle Mall has been put on the market with selling agents JLL expecting it to sell for more than $120 million. The mall and an adjoining office tower at 32 Grenfell Street comprise a combined 10,524 square metres of core retail and commercial flo...


Commercial investment
Commercial Investors Can't Get Enough of Oz
Published at: 10/03/2016

Australia, in particular Sydney, is one of the most favoured markets for cross-border investors in Asia Pacific, according to a recent survey. CBRE's Asia Pacific Investor Intentions Survey 2016 found that Sydney was the most favoured city amongst the 350 investors polled in January and February...


Alexandria
Solidarity Secures Super Sale for Savvy Seven
Published at: 09/03/2016

Seven owners have sold their office warehouses in Alexandria in Sydney's south in one amalgamated 5590-square-metre site for $30 million. In what has to be seen as a super smart move, each of the owners made a 300 per cent uplift on the stand-alone industrial value of their properties. [A pri...


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Melbourne's Iconic Palace Cinemas Finds New Home
Published at: 04/03/2016

Major cinema chain Palace Cinemas will move its headquarters from its long time home in Balwyn to a new contemporary South Yarra office floor after acquiring the property in an off-market sale for $3.5 million. Fitzroys agents Chris Kombi and Chris James negotiated the sale of Level 1, 118-124 T...


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Google Heads Interest in high-profile Sydney Project
Published at: 02/03/2016

The NSW government's high-profile White Bay Power Station redevelopment in Sydney's inner-west has attracted 13 proposals, with Google and Lendlease heading the list. Mirvac, which last year won the $1 billion Australian Technology Park development against stiff competition, also submitted a pro...


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Welcome Angelo Rosano to the Cview Team
Published at: 29/02/2016

It is with great excitement that the team at Cview announces the appointment of Angelo Rosano to the role of Key Account Manager for Victoria. Working alongside an already strong Victorian team, Angelo will be managing our customer relationships with a focus on adding genuine value, ensuring our...


Commercial property auction
First Commercial Auctions Produce Mixed Results
Published at: 26/02/2016

The first Melbourne Burgess Rawson commercial property auction of the year has resulted in a 50% clearance rate and just under $16 million in commercial property sales. Matching the clearance rate of a Sydney auction held earlier in the week, six of the 12 properties offered for sale at Crown Ca...


Big bank
Banks Benefit from Commercial Property Plunge
Published at: 24/02/2016

Australia's banks have reiterated their belief in Australia's commercial property market by increasing their exposure to office towers during the December quarter by almost $3 billion to $74.56 billion. It is the largest quarterly change since the [Australian Prudential Regulation Authority](htt...


David jones
David Jones' Prime Sydney Premises to Hit the Market
Published at: 19/02/2016

David Jones' prime department store premises on Sydney's Market Street is expected to hit the commercial property market for sale in the coming months. Touted to fetch a $350 million plus price, the sale will be kick-started next month by David Jones owner, South African based Woolworth Holdings...


Commercial and residential
Residential Market Makes Way for Commercial Boom
Published at: 17/02/2016

A Commonwealth Bank of Australia forecast has indicated that the 2016 property market will be a year of change as the boom in residential development eases and investment in commercial property strengthens. According to the CBA's latest commercial property report, those states hit hard by the do...


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Collins Street Sale Sets the Tone for 2016
Published at: 12/02/2016

The One Collins Street tower complex at the top of Collins Street, Melbourne has sold for $125 million. It is believed the sales was brokered by Knight Frank. Property magnate and BRW rich lister Harry Stamoulis bought the iconic CBD building from fellow rich lister Robert Magid and his sister ...


Hotel market
Predictions Positive for Buoyant Hotel Market
Published at: 10/02/2016

Confidence in the commercial property market hit a new high in the fourth quarter last year, with optimism strongest for the hotel and office market sectors, according to an industry survey released recently. A shortage of rooms nationally, the increase in tourism attracted by the lower Australi...


Commercial property sale
Another Multi-Million Dollar Commercial Sale for St Kilda Road
Published at: 05/02/2016

A Wealthy Hong Kong expat has sold a 10-level office tower on the city fringe, to a Melbourne investment firm for $40 million. The deal, on a 10 level glass encased office tower at 606 St Kilda Rd, was struck on an initial yield of 7 per cent and a strong building rate of $4625 per sqm. The buil...


Shopping centre
Shopping Centre Sale in the 'Vicinity' of $1 Billion
Published at: 03/02/2016

A Nearly $1 billion portfolio sale from shopping mall owner Vicinity Centres is expected to gain the attention of local retail landlords and their valuers. The sale is likely to shed some light on current pricing considering the limited transactions of major shopping malls across the country. W...


Commercial investment rise
Property Affordability a Major Issue for 2017
Published at: 21/12/2016

The inability of Australians to afford their own home is shaping as one of the biggest political issues of 2017 after a new report revealed that house prices were growing increasingly out of line with people's incomes. The report, from real estate data firm CoreLogic and the Australian National ...


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No Cup Day Cut This Year
Published at: 01/11/2016

As Australia prepares for the race that stops a nation, the Melbourne Cup, the Reserve Bank has left the official cash rate on hold at the historic low of 1.5%. After two rate cuts already this year, the hold decision was widely anticipated, as the RBA continues to monitor the effects of the rec...


Richmond sale
Multi-Million Dollar Sale of Richmond Landmark
Published at: 20/07/2016

A landmark two-level period-style corner building located on the exclusive Richmond Hill has been sold privately for an estimated $2.35 million. Sold by Fitzroys agents Chris Kombi and Terence Yeh the vacant property at 316 Church Street, on the corner of Darlington Parade, combines a street fro...


Melbourne cbd retail
Melbourne CBD Rents Among World's Highest
Published at: 11/05/2016

Rental amounts in Melbourne's Bourke Street Mall are among the highest in the world, with net rates reaching up to $9000 to $11,000 per sqm. The figures come on top of predictions that Central Business District rents in Melbourne are expected to rise in the medium term as retailers compete for a...




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