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Commonwealth Bank of Australia • Banking & Finance services
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Mastercard Australia • Banking & Finance services
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Media Releases

Melbourne CBD at night
Flight to alternatives pushes CRE investment to new yearly high

Sustained investor appetite for alternative asset classes into Q4 2019, combined with elevated office market transactions, supported record yearly investment into Australian commercial real estate of $45.6 billion, according to Cushman & Wakefield research.

John Sears • 21/01/2020

Generic buildings
Melbourne, Sydney office rental growth slows as leasing market turns

2019 marked a significant decrease in the rate of rental growth in the Melbourne and Sydney CBD prime office markets, as tenant demand slowed on softer business conditions, according to the latest Cushman & Wakefield quarterly Office Marketbeat.

John Sears • 13/01/2020

Circular Quay Sydney
Huang family sells Buckley’s Bar site at Opera Quays for $25.1m

In the second time that the platinum retail asset has traded in as many years, The Huang family has sold the iconic ‘Buckley’s Bar’ site on the waterfront at Circular Quay to a Macao based investor for $25.1m, representing a net yield of 3.5%.

Anthony Bray • 31/12/2019

Degraves St Melbourne
Cushman & Wakefield expands Victorian Retail Leasing Team

Cushman & Wakefield has today announced it has strengthened its Retail Leasing team in Victoria with the appointment of Stephanie Harding as Manager, Retail Leasing.

Michael Di Carlo • 09/12/2019

Pitt Street Sydney Retail
Surging rents see Pitt Street Mall remain as world’s 7th most expensive retail precinct

A dramatic 17.9% increase in retail rents to $16,500 sqm has helped cement Sydney’s Pitt Street Mall as one of the world’s most coveted retail precincts, again ranking as the 7th most expensive shopping strip globally, according to Cushman & Wakefield’s Main Streets Across the World report.

Matt Hudson • 13/11/2019

Manly Corso Westpac Sold for $20.2m

Cushman & Wakefield has announced that a local investor has purchased the two-storey freehold building located at 32 The Corso, Manly, for just over $20 million. The sale price represents a yield of 4.92%.

Ryan Cross • 31/10/2019

Brisbane River
Fortitude Valley office tower expected to sell for $90m+

Investec Australia Property Fund (‘Investec’) are bringing the 11-storey office building located at 757 Ann Street, Fortitude Valley, to market with an expected price guide of in excess of $90 million. The move is consistent with the statement made by Investec as part of its recent ASX listing that it would look to recycle capital.

31/10/2019

Generic buildings
Annual foreign investment into CRE reaches $20b for the first time

According to the latest Cushman & Wakefield Investment MarketBeat, the level of foreign capital targeting Australian commercial real estate assets has reached a record high as strong office markets across the country continue to attract offshore investors.

John Sears • 31/10/2019

Fortius purchases Stockland’s Cammeray Square for $39.05m

Fortius has acquired the freehold interest in Stockland’s lifestyle shopping centre, Cammeray Square, for $39.05 million reflecting a yield of 7.0%.

29/10/2019

Brisbane River
RG Property brings rare Golden Triangle office tower to market

Cushman & Wakefield and CBRE have been jointly appointed by RG Property to sell the 14 storey office tower at 410 Queen Street in the Brisbane CBD with an expected price guide of in excess of $50 million.

12/09/2019

North Sydney Highway Traffic
North Sydney’s 2 Elizabeth Plaza to hit the market

The 14-level office building at 2 Elizabeth Plaza in the thriving North Sydney CBD is being offered for sale, with price expectations upwards of $120 million.

Josh Cullen • 14/08/2019

Coworking colleagues
Coworking operators dominate Sydney’s sub-300 sqm office market

The footprint of coworking office space continues its rapid ascension across Australia’s east coast, today accounting for over 470,000 sqm across Sydney, Melbourne and Brisbane office markets. However, according to Cushman & Wakefield research, coworking space remains a relatively small part of the office landscape occupying 2.8% of the east coast CBD office market.

John Sears • 01/08/2019

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