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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 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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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