Featured Media Releases

14-Stratton-Street-Newstead
14 Stratton Street Newstead sold for $122.5m in two-tiered deal

The Charter Hall Social Infrastructure REIT (ASX: CQE) has finalised a deal to acquire a 100% freehold interest in the site at 14 Stratton Street, Newstead, Queensland, for $122.5 million representing a 4.84% yield. The transaction was completed through a sale and leaseback with well-regarded health group, Mater Misericordiae Limited (Mater).

Peter Court • 09/10/2020

452 Flinders Street Melbourne
Deka Immobilien acquires Melbourne office tower for $454 million

In one of the most significant Australian office market transactions since the COVID-19 pandemic, German investor, Deka Immobilien has acquired a 22 level A-grade office tower at 452 Flinders Street, Melbourne, from the Dexus Wholesale Property Fund for $454 million. 

Luke Etherington • 11/09/2020

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. 

Jun Sochi • 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.

John Sears • 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

Rathgeber and Melbourne Join Capital Markets Team
$94.3m worth of commercial property sells at Cushman & Wakefield portfolio auction

High net worth investor demand for commercial property leased to blue chip tenants continues to strengthen, with 17 properties selling under the hammer for a total of $94.3 million at an average yield of 4.73% at Cushman & Wakefield’s National Investment Sales portfolio auction

Michael Collins • 29/03/2021

Rathgeber and Melbourne Join Capital Markets Team
Cushman & Wakefield expands VIC industrial and office agency teams

Cushman & Wakefield is pleased to announce five new appointments within its Victorian Commercial Real Estate business, adding a depth of experience and strength to the Industrial Sales & Leasing and Office Leasing teams.

Luke Etherington • 02/03/2021

Rathgeber and Melbourne Join Capital Markets Team
Rathgeber and Melbourne Join Capital Markets Team
Cushman & Wakefield significantly strengthens national valuations team with seven key hires

Cushman & Wakefield has today announced the significant strengthening of its National Valuations & Advisory team with four new hires in Victoria, welcoming institutional valuers Josh Phegan, Niall Ashleigh, Lily Lachal and Peter Bath.

David Castles • 25/02/2021

Rathgeber and Melbourne Join Capital Markets Team
Leading dealmakers, Rathgeber and Melbourne, join Cushman & Wakefield

Cushman & Wakefield today announced that it has significantly strengthened its national capital markets business with the appointment of two of Melbourne’s most prolific commercial property brokers, Nick Rathgeber and Leigh Melbourne.

Josh Cullen • 10/02/2021

Rathgeber and Melbourne Join Capital Markets Team
CRE deals surge in late 2020 as investors return to the office market

The sharp rebound in domestic and foreign investment into the office market in Q4 2020 helped lift quarterly investment into Australian commercial real estate to $12bn, with the total approaching the$14.4bn recorded in the previous three quarters combined.

Simon Fenn • 02/02/2021

KFCUnited
Fast food investments headline $60m+ commercial auction

Cushman & Wakefield’s National Investment Sales Team has been appointed to sell a portfolio of alternative investment assets across New South Wales, Queensland and Victoria, that are expected to sell for a total of approximately $60 million when they go under the hammer on 10 December in Sydney.

Michael Collins • 29/11/2020

Sponsors-and-Supporters-2
Cushman & Wakefield Supports Play It Forward Initiative

Cushman & Wakefield is committed to applying a broad lens to diversity and inclusion both inside and outside the walls of our business, for people of all ages and abilities. As part of this commitment, we have now sponsored the Play It Forward initiative created by Play For All Australia.

Anna Town • 25/11/2020

Caltex-750
$53.59m in properties sold under the hammer at Cushman & Wakefield Portfolio Auction

Cushman & Wakefield has today announced the sale of eleven commercial properties for a combined value of $53.59 million, during the largest national portfolio auction held in Sydney during 2020.

Michael Collins • 11/11/2020

Perth CBD
George Mair Joins Tenant Advisory Group in Perth

Cushman & Wakefield has today announced the appointment of George Mair as Director, Tenant Advisory Group (TAG) in Perth, strengthening the team’s footprint in WA and complementing the business’ national presence.

Michael Kearins • 29/10/2020

Industrial-MB-750px
Industrial market leads gradual rebound in CRE investment

Investment into Australian commercial real estate continued its gradual rise in the September quarter, with transaction volumes increasing to $6.5 billion, up 38% from the June quarter total of $4.7 billion.

Simon Fenn • 14/10/2020

14-Stratton-Street-Newstead
14 Stratton Street Newstead sold for $122.5m in two-tiered deal

The Charter Hall Social Infrastructure REIT (ASX: CQE) has finalised a deal to acquire a 100% freehold interest in the site at 14 Stratton Street, Newstead, Queensland, for $122.5 million representing a 4.84% yield. The transaction was completed through a sale and leaseback with well-regarded health group, Mater Misericordiae Limited (Mater).

Peter Court • 09/10/2020

 

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Michael Di Carlo • 08/05/2020
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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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Research • Valuation

Valuation and Advisory: Office Development (Part Two)

As part of our ongoing series of market updates and technical papers, this paper comprises “Part 2” within the Office Development Series. 
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