Media Releases

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

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

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

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

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

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

North Sydney Highway Traffic
Cushman & Wakefield continues to expand on Sydney’s North Shore

Cushman & Wakefield today announced it has further strengthened its North Shore office leasing footprint with the appointment of Steve Clapham. Steve joins Cushman & Wakefield as Director, Metropolitan Office Leasing, to help address increasing tenant demand in key North Shore markets, reporting to recently appointed Head of North Shore Office Leasing, Giuseppe Ruberto.

Tim Courtnall • 20/02/2020

North Sydney
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

Circular Quay Sydney
Huang family sells Buckley’s Bar site at Opera Quays for $25.1m

In the second time that the platinum retail asset has traded in as many years, The Huang family has sold the iconic ‘Buckley’s Bar’ site on the waterfront at Circular Quay to a Macao based investor for $25.1m, representing a net yield of 3.5%.

Anthony Bray • 31/12/2019

Degraves St Melbourne
Cushman & Wakefield expands Victorian Retail Leasing Team

Cushman & Wakefield has today announced it has strengthened its Retail Leasing team in Victoria with the appointment of Stephanie Harding as Manager, Retail Leasing.

Michael Di Carlo • 09/12/2019

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