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. 

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.

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

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

$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

Significant Hume Highway development site fetches $7,550,000

Cushman & Wakefield today announced that it has sold a significant land holding and development opportunity, 239 Hume Highway, Cabramatta, for $7,550,000. The purchaser, a Melbourne based-owner occupier, intends to develop the site into a large format showroom. 

17/09/2020

Capalaba Officeworks
Capalaba Officeworks sells above reserve for $8.4m

At an auction held today by Cushman & Wakefield, an Officeworks-tenanted asset located in Brisbane’s Capalaba has sold under the hammer for $8.425m, on a yield of 5.1%.

Michael Collins • 16/09/2020

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.

Sean O'Connor • 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

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

Freshwater indoor climbing centre sells for $4.87m

Cushman & Wakefield today announced that a Sydney based fund has sold an investment property in Freshwater Village on Sydney’s Northern Beaches for $4.87m. A local purchaser acquired the site fully leased to Skywood Climbing, Sydney’s newest climbing and bouldering centre.

Yoshan Mendis • 02/09/2020

 

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.
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
Physical Fashion Retailing Lives On
Research • Investment

Physical Fashion Retailing Lives On

In Q1, Cushman & Wakefield surveyed the Melbourne CBD Retail Core, and this week’s findings focus on all things fashion retail.
Michael Di Carlo • 08/05/2020

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