Featured Media Releases

Building-750
Cushman & Wakefield appoints Head of IFM at inflection point for the industry

Cushman & Wakefield has appointed industry veteran and former Brookfield Global Integrated Services (BGIS) APAC Managing Director, Jon McCormick, as its Head of Integrated Facilities Management (IFM) in Australia and New Zealand. 

James Patterson • 05/07/2020

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

North Sydney
Generic buildings
COVID-19 uncertainty drives sharp downturn in CRE investment

Amid the developing COVID-19 situation, Australian commercial real estate investment has fallen sharply in the first quarter of 2020, dropping to $3 billion, which is down 81% quarter-on-quarter from $15.9 billion in Q4 2019, of the second strongest quarter on record.

James Patterson • 06/04/2020

Sth Yarra 671 Chapel 750x456
671 Chapel Street to sell in excess of $52M

Melbourne-based private investor Harry Goles is bringing the development site at 671 Chapel Street in South Yarra to market, with an expected price guide of in excess of $52m.

Marcus Neill • 02/03/2020

Central Coast NSW
Tony Denny’s Central Coast development portfolio hits the market for $40m+

Central Real, the residential development firm owned by Tony Denny, has appointed Cushman & Wakefield to sell a portfolio of six development sites located on the Central Coast of New South Wales. The portfolio is expected to collectively fetch more than $40 million.

Anthony Bray • 20/03/2020

KFC online auction
CRE Industry-first as online portfolio auction bidding delivers record breaking KFC yield

Cushman & Wakefield has pioneered online auction bidding for commercial real estate in a first for the commercial property industry, successfully selling both retail food properties in Dulwich Hill and Rhodes in Sydney that went under the hammer.

Michael Collins • 24/03/2020

MELBOURNE SKYLINE
Home of Chapel Street’s Revolver Upstairs is for sale

A unique opportunity to become the landlord of the iconic Revolver Upstairs is being brought to market by Cushman & Wakefield.

Marcus Neill • 27/02/2020

Media Releases

Burleigh Heads - Sean O'Connor and Josh Wright
Burleigh Heads Property Sells for $4.5m prior to auction

A freestanding property in Burleigh Heads has sold for $4,500,000 ex GST prior to auction.

10A Alex Fisher Drive consists of 1,999 sqm building on 4,565 sqm land and has been sold via a campaign handled by Sean O’Connor and Josh Wright from Cushman & Wakefield.

Joshua Wright • 14/09/2020

Sydney Opera House - source shutterstock
Cushman & Wakefield Australia Named Top Agency in Euromoney 2020 Real Estate Survey

Cushman & Wakefield (NYSE: CWK) announced today that the firm was named the world’s top commercial real estate advisor and consultant for the third consecutive year by Euromoney’s 2020 Real Estate Survey. Globally, the firm also garnered top spots for Property Valuation and Research for the third consecutive year, and No. 1 in Agency Letting/Sales for second consecutive year. The firm also claimed the No. 1 spot for Investment Managers.

James Patterson • 14/09/2020

JB HI-FI Logo
Retailers lock in Melbourne CBD space ahead of eventual rebound

Amid the tightest social restrictions for Victorians to date, a number of retailers are committing to new leases in the Melbourne CBD to position themselves for the eventual rebound in consumer spending and trading conditions.

Michael Di Carlo • 17/08/2020

Victorian Pride Centre
Cushman & Wakefield Supports the Victorian Pride Centre

The soon-to-open Victorian Pride Centre will celebrate Victoria’s diverse LGBTIQ community, paving new directions for its future and honouring its brave, and at times, difficult past.

Michael Di Carlo • 05/08/2020

Chris Pavlis Joins SA Water

As part of Cushman & Wakefield’s commitment to diversity and inclusion, our SA Water account team engaged with client SA Water to propose and facilitate the employment of a disability support candidate to join the onsite Workplace team at SA Water’s Victoria Square office in Adelaide.

03/08/2020

New Zealand Team Delivers During Global Pandemic

Whilst Covid-19 has created unprecedented challenges to the delivery of property services in New Zealand, especially during lockdown, the Cushman & Wakefield team in New Zealand have continued to deliver for existing and secure new clients.

Paul Huggins • 02/08/2020

NAB Logo - source shutterstock
Cushman & Wakefield secures NAB facilities management contract extension

National Australia Bank (NAB) has renewed its national integrated facilities management services contract with Cushman & Wakefield for an additional four years to 2024. Cushman & Wakefield’s Occupier Services business has managed NAB’s portfolio since initially securing the mandate in 1998.

Jon McCormick • 23/07/2020

Building-750
Cushman & Wakefield appoints Head of IFM at inflection point for the industry

Cushman & Wakefield has appointed industry veteran and former Brookfield Global Integrated Services (BGIS) APAC Managing Director, Jon McCormick, as its Head of Integrated Facilities Management (IFM) in Australia and New Zealand. 

James Patterson • 05/07/2020

Supporting Australia Post's e-commerce parcel growth during COVID-19

The Cushman & Wakefield team has partnered with client Australia Post to secure 8 new temporary sites.

 

17/06/2020

On the move with Australia Post

Cushman & Wakefield worked alongside Australia Post to secure and fit-out an improved new tenancy in the Pacific Fair Shopping Centre on the Gold Coast in Queensland.

17/06/2020

Gidget-Foundation-
Supporting the Gidget Foundation

Over the last several months, Cushman & Wakefield’s PDS design & build team have provided pro-bono project management advice to Gidget Foundation Australia, based in North Sydney.

29/05/2020

CBIC sells South Regional Business Centre for 35 million

The City of Brisbane Investment Corporation (CBIC) has sold the South Regional Business Centre (SRBC) at 665 Fairfield Road, Yeerongpilly to WA-based Ascot Capital Limited for $35.25 million. 

Mike Walsh • 30/04/2020

 

GLOBAL PRESS RELEASES

RELATED INSIGHTS

hotel
Research • Valuation

Australia & New Zealand Hotel Market

The team at Cushman & Wakefield Valuations and Advisory have pleasure in enclosing our first Australia and New Zealand Hotel Market Overview which seeks to provide our valued clients with an insight into current hotel market conditions and fundamentals across the major cities nationally and in selected cities of New Zealand.
Alistair Bell • 05/11/2019
generic-building
Research • Valuation

Case Notes: Roads and Maritime Services v United Petroleum

Cushman & Wakefield Valuations have a dedicated Government, Legal & Corporate team specialising in compulsory acquisition, S88K easement acquisition and general real property litigation matters. We are pleased to continue our ongoing series of valuation case notes with our summary of the recent decision of the NSW Land & Environment Court in Roads and Maritime Services v United Petroleum Pty Ltd.
Nicholas Garnsey • 06/08/2019
office
Research • Valuation

Valuation and Advisory: Office Development (Part One)

The intention of this paper is to provide general background on pertinent matters relating Office Developments and related valuation matters, covering off on some common questions, issues and factors to consider when undertaking development feasibility studies or involving yourself with development valuations in general.

Please note, part two of this paper is now available. Please click here to view.

David Castles • 06/11/2019

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