Your path to commercial property investment has never been simpler

News Corporation strikes sale and leaseback deal in Blackburn

9 October 2018

The long-time Blackburn home of Leader Newspapers has been sold off market for $30,200,000 by parent company News Corporation.

The largely vacant, 1 Chapel Street office building has been acquired by a local fund manager in a deal negotiated by CBRE’s Melbourne Middle Markets team. (more…)

Chinese FIFO swoops on Hampton retail

3 October 2018

A Chinese buyer has flown in from Beijing to capture a Hampton retail asset from the grasp of several other bidders, paying $3.6 million – $200,000 over reserve – on a tight 3.2 per cent yield.

In a further sign of the strength in the sub $5 million strip retail market, the 2 Small Street property, comprising a 368 square metre shop on a 438 square site, was sold at a healthy $8219 a square metre land rate. (more…)

Opportunity to strike gold in Bendigo

1 October 2018

The first level of one of Bendigo’s largest medical facilities is poised to hit the market in late October.

CBRE’s Sandro Peluso, Josh Twelftree and Jimmy Tat have been exclusively appointed to market level one of the 1 Chum Street property, which comprises seven premium medical tenancies including a pathologist, plastic surgeon and St John of God Hospital consulting suite. (more…)

Premium medical investments offered at the gateway to Whitehorse’s golden mile

27 September 2018

Two suites within one of Blackburn’s most popular medical centres are poised to hit the market, offering secure investments at two differing price points.

The highly trafficked centre at 195-197 Whitehorse Road features complementary tenancies inclusive of a doctors’ clinic and pathology offering.

To be offered individually, suites 2 and 8 are leased to Blackburn Specialist Centre and Blackburn Central Pharmacy respectively. Both suites offer generous lease terms and have individual building areas of 263sqm.  (more…)

Healthscope to sell well-known Kew facility

26 September 2018

ASX-listed private healthcare operator Healthscope is divesting its former Cotham Private Hospital site, in a move that is set to attract significant interest from investors and developers.

The 2,245sqm private hospital at 209 Cotham Road, Kew, which closed in June 2018, offers immediate value add opportunity due to its vacant possession, with potential to redevelop or strategically reposition and subdivide the site for multiple tenancies (STCA). (more…)

Local Asian buyers splash $200m in 10 weeks

24 September 2018

The strong Asian interest in Melbourne’s sub $100 million commercial property market remains despite restrictions on off-shore Chinese investors with CBRE selling 19 properties worth just over $200 million to Asia-linked investors since the first week of July.

The purchases, which included an unknown off-shore finance component, were part of an extraordinary ten week period which saw 41 properties sell for more than $570 million including 277 William Street which fetched $93.88 million, 105 York Street South Melbourne, $49 million, and Leader Newspapers’ former Blackburn HQ, $30.2 million. (more…)

Opportunities at every stage of the cycle: Gurner

19 September 2018

While the residential market faced numerous headwinds, not the least from the Hayne Royal Commission’s impact on the availability of housing finance, there remained real opportunities in the market, according to Melbourne developer, Tim Gurner.

Speaking at the sixth annual CBRE & Wingate client luncheon at Crown, Mr Gurner told the 450 attendees that there was no doubt the Royal Commission had inadvertently hurt the industry but there were always pockets of the market that would outperform others. (more…)

International buyer goes long on Melbourne office

19 September 2018

An offshore Chinese investor has fought off several local and international groups to secure a Burwood East office building for $25.5 million in a record-making result for the Tally-Ho business park.

The buyer – a first time investor in Melbourne’s commercial property market – secured the 12 Lakeside Drive building after an international Expressions of Interest process managed by CBRE Melbourne Middle Markets agents Kiran Pillai, Scott Orchard, Josh Rutman, and Lewis Tong.

It represents the team’s eleventh transaction to a buyer based out of Asia in the space of eight weeks. (more…)

Chinese buyer pays $9.85 million for Hawthorn office

17 September 2018

A Chinese investor has fought off a number of local rivals to snatch a Hawthorn office building for $9.85 million on a tight 4.78 per cent yield in an increasingly hot suburban office market.

The auction, through CBRE‘s Mark Wizel, Josh Rutman, Lewis Tong and Scott Orchard, drew a large crowd from which four parties put in 108 bids as the price raced past the former record to post a new building rate record for the area of $13,979 a square metre. The previous record had been the $10,578 a square metre paid for 1 Oxley Road in May. (more…)

Demand for privately operated child care centres hits new heights

13 September 2018

A premium child care centre in Bentleigh has been snapped up for $11,700,00 by an overseas investor based in China.

Having failed to sell when offered to the market last year by another agency, the 188 Tucker Road centre was this month transacted following a CBRE-managed, international Expressions of Interest campaign.

It is the 14th early learning centre to be transacted by the CBRE Victorian Health, Aged and Child Care team since its inception. It represents the team’s largest child care transaction for 2018, surpassing the previous record set last month by the sale of a Nino Early Learning facility in Elsternwick. (more…)