The retail industry is rewriting the laws of physics. Change is coming at an ever faster rate each year and 2030 will be upon us before we know it. Explore the world in 2030 and the future of retail 2030.
Melbourne, 23 November 2017 – The Horsham Gateway shopping centre in Victoria’s Wimmera region has been snapped up by a Chinese investor for $14.55 million.
CBRE Victorian Retail Investments, led by Mark Wizel, Justin Dowers and Kevin Tong, negotiated the transaction of the centre on behalf of a local private developer.
Melbourne, 23 November October 2017 – Australian investors have injected more than $73 million into child care assets since August amid strengthening interest in the sector.
At CBRE’s second Premium Property Portfolio Auction (PPPA) campaign held in Melbourne, two child care assets owned by boutique family operator, Nino Early Learning Adventures, sold under the hammer for $19.5 million.
Melbourne, 22 November 2017– An investor has purchased a childcare centre in Geelong for $3.6 million on a circa 6% yield.
The centre at 337-339 Charlemont Road is located in the new residential sub division of Armstrong Creek, approximately 10kms from the Geelong CBD. It is leased to Eclipse Early Learning Group on a brand new 10+10+10-year lease to 2047. The 992sqm purpose-built facility is licensed for 118 places and sits on a prominent corner location.
Melbourne, 21 September 2017 – The Adina Hotel and Duke of Wellington in Melbourne’s East End have sold for a combined $92 million – marking the end of a 40-year era for the iconic CBD landmarks.
The well-known properties – The Adina Hotel at 88 Flinders Street and the Duke of Wellington at 2 Russell Street – were purchased by separate buyers, with each asset reflecting new pricing benchmarks for their respective sectors.
Melbourne, 16 November 2017 – The private family office of Tong Eng Group’s Group Managing Director Teo Tong Lim has emerged as the buyer of the Myer Family Investments holding at 312 St Kilda Road.
Leased to major tenants such as Healthscope, Vestas and Manpower Services, the prominent seven-level building and car park is located above the St Kilda Road market, 1km south of the Melbourne CBD, and offers protected views across the Melbourne CBD and Royal Botanic Gardens.
Melbourne, 15 November 2017- An owner occupier has purchased an attractive freestanding office in one of Melbourne’s most sought-after precincts.
75 Asling Street in Brighton sold for $3,375,000. The commercial zoned 1 property has a floor area of 220sqm on a 696sqm land holding and is located near to the Martin Street Shopping Village. Currently tenanted until December 2018, the property sold on a yield of 3.79%.
Two new suburban offices in Melbourne’s Eastern corridor at opposite ends of the spectrum by price point and the type of buyer anticipated have just hit the market.
The first is a fully leased 745sqm freehold office at 210 Riversdale Road, Hawthorn. Hawthorn is part of Melbourne’s inner east which is known to be a tightly held office market and where developer preference for residential development is forcing business owners and investors to look farther afield for opportunities.