Featured Media Releases

Nick Seaton and Dawn Koo
The Ponds
Major Western Sydney resi development site sells at auction for $26+ million

In what is set to become Western Sydney’s next major residential development, a Sydney Based developer has acquired a 25,000 sqm site for just over $26 million, selling under the hammer at an auction held by Cushman & Wakefield and Next Commercial. The auction result is expected to be one of the most valuable development sites sold under the hammer in 2021.

Yosh Mendis • 29/04/2021

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. 

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

Media Releases

Circular Quay Sydney
Office investment picks up ahead of NSW and VIC reopening

Office investment has increased significantly in Sydney and Melbourne in the third quarter of 2021, in a sign of confidence in Australia’s largest office markets ahead of the return of CBD workers.  

John Sears • 19/10/2021

ESG Report
Dominant Camberwell Junction office building to hit the market for $120m+

A Melbourne based developer is selling the newly completed A-grade commercial office building at 141 Camberwell Road in Camberwell Junction, known as CV@141 Camberwell Road. 

Leigh Melbourne • 18/10/2021

Huey Feng and Romain Ferre
Cushman & Wakefield Strengthens its Leadership Talent in Global Occupier Services in Asia Pacific

The appointments of Wong Huey Feng and Romain Ferre add depth and expertise to the firm’s integrated portfolio management services.

Amanda Phua • 12/10/2021

ESG Report
100% auction clearance rate as $43.8m of commercial properties sold

The market for childcare centres, fast food and healthcare properties shows no signs of slowing, with investors snapping up almost $44 million worth of assets as part of Cushman & Wakefield’s September portfolio auction. The portfolio assets sold collectively almost $4.6 million above reserves.

28/09/2021

ESG Report
Hybrid working pushes up corporate Australia’s carbon emissions

While lower occupancy has reduced the carbon footprint of many commercial office buildings amid the pandemic, higher CO2 emissions from hybrid working significantly outstrips these declines, according to data analysed by Cushman & Wakefield’s sustainability team.

Rebecca Jinks • 06/09/2021

Rathgeber and Melbourne Join Capital Markets Team
QLD’s first freestanding Guzman Y Gomez sells for $4.05m

A Sydney based high net worth private investor has acquired a freehold site leased to Guzman Y Gomez ‘sight unseen’. The property, located in the Queensland suburb of North Ipswich, sold for $4,050,000 which represented a low yield of 4.47%.

05/08/2021

 

GLOBAL PRESS RELEASES

RELATED INSIGHTS

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Research • Valuation

Figuring out Actual Returns in Today’s Commercial Property Markets

2018 was a strong year for Australian Commercial Real Estate with yields in many sectors and markets reaching record lows. While the current 2019 outlook shows some risk issues emerging, Australian commercial real estate yields remain relatively attractive compared to interest rates, bonds and many offshore property markets.
Robert Timmermans • 06/09/2019
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

Social Media

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