BH Properties’ Post

Melbourne’s Eastern Region retail investments sold by CVA Property Consultants Pty Ltd Jarrod Moran, Ian Angelico and Stan Dawidowski of CVA have recently sold four retail leased Investments across Melbourne’s Eastern Region. A notable surge in buyer activity from local investors has drawn attention to the sustained appeal of strategically positioned commercial properties. This trend underscores a strong preference for assets that are not only well located but also familiar and accessible to buyers within the immediate vicinity.  Read more on COMMO -  https://lnkd.in/gx-Q6rvg CVA Property Consultants Pty Ltd Tim Cooney Charlie Hicks Charles Cini Steven Bartolo Tino Tabacchiera Wendy Gul Ian Angelico Jarrod Moran John Nockles Michael Passarella Joanne Kantzipas Leo Mancino Daniel Philip Stan Dawidowski Craig McKellar #retail #retailinvestment #melbournerealestate #melbouremarket #commercial #commericalrealestate

Vicinity Centres finalises Australia’s largest retail transaction for 2024 with $420 million Lakeside Joondalup deal - CBRE   Vicinity Centres has outlaid $420 million for a 50 per cent stake in Western Australia’s coveted Lakeside Joondalup in Australia’s largest 2024 retail transaction.   CBRE’s Head of Retail Capital Markets Simon Rooney acted on behalf of the Future Fund to sell the stake, with the remaining interest in the landmark centre owned by Lendlease’s APPF Retail Fund. As part of the transaction, Vicinity has also secured the property and retail development management rights for Joondalup.   Mr Simon Rooney noted, “The acquisition marks the re-entry of REITs into Australia’s regional shopping centre investment market. The Joondalup transaction is the first such acquisition since Scentre Group’s $720 million acquisition of a 50% stake in Westfield Eastgardens in Sydney in mid-2018. It signals renewed interest from both REITs and unlisted wholesale funds in this market sector, which is expected to gather momentum throughout the second half of this year.” Read more on COMMO. > https://lnkd.in/gM222Qmv CBRE Asia Pacific James Douglas Joe Tynan Michael Hedger Greg Hyland Brent McGregor Mark Granter Leif Olson James Sherley Sam Guest Ben Hunter Nadine Vielhuber Aaron Desange Fiona Ellender Tony McCormack Peter Huddle David McNamara Matthew Parker Kirrily Lord #cbre #retailnews #retailinvestment #retailrealestate #retailproperty #shoppingcentre #vicinitycentres

JLL is pleased to announce the sale of Rutherford Marketplace for $49.75 million. Located 40km west of Newcastle, the Neighbourhood centre is anchored by a high-performing Woolworths and BWS, paying percentage rent and is further supported by 21 specialty tenants. Neighbourhood centres continues to attract a significant weight of capital given the sector’s stable income streams and long-term growth potential. This demand is further heightened by rising construction and cost of capital, creating an all-time low forecast of available Neighbourhood stock. As a result, demand is outpacing the limited on-market supply. This imbalance is clearly demonstrated by the off-market transaction of Rutherford Marketplace and marks JLL’s fourth NSW neighbourhood centre transaction this year. JLL would like to congratulate Charter Hall on the successful sale, and the purchaser on acquiring their first neighbourhood centre. If you would like further details on this transaction, please contact the JLL Retail Investments team. Sebastian Fahey David Mahood Sam Hatcher Nick Willis Sam Linden Nathan Lin Phoebe Cooney Hannah Brisbane Ginny Rampling Jacob Swan Ned McKendry Will Morris Liam Cox Stuart Taylor Tom Noonan Jarrod Herscu Dominic McGrath Victoria Robinson Stuart Crow Capital Markets at JLL #retailinvestments #retail #jll #jllcapitalmarekts #jllaus

Sold & Settled | Brandon Park, VIC $107.5 million, Victoria's largest retail transaction YTD. On behalf of our valued client Newmark Capital, JLL Retail Investments in conjunction with CBRE are pleased to announce the successful sale and settlement of Brandon Park Shopping Centre to HMC Capital (Last Mile Retail Logistics Fund). The property consists, a Sub-Regional Shopping Centre on a prime 58,100sqm land holding, approximately 19km south-east for the Melbourne CBD. The asset attracted interest from a wide range of investors given its metropolitan Melbourne location, strategic repositioning opportunities and future potential for a large scale, mixed-use development. Congratulations to all parties on this landmark Melbourne retail transaction. For more information, reach out to any of the JLL team. Nick Willis Sam Hatcher Stuart Taylor Sam Linden Nathan Lin Phoebe Cooney Hannah Brisbane Ginny Rampling Sebastian Fahey David Mahood Tom Noonan Jarrod Herscu Dominic McGrath Victoria Robinson Jacob Swan Ned McKendry Will Morris Liam Cox #AustralianRetailProperty #CommercialRealEstate #CRE #RetailInvestment #CapitalMarkets #ShoppingCentre #ShoppingCentreInvestment #PropertyInvestment #InvestmentProperty #RetailAssets #CommercialProperty #AustralianCRE #RealEstateFinance #RetailPortfolio #PropertyDevelopment #InvestmentOpportunity #RetailStrategy #AssetManagement #PropertyMarket #RealEstateInvestor #RetailTrends #AustralianEconomy #MarketAnalysis

Scentre Group and Barrenjoey have stepped up their shopping centre funds management ambitions by acquiring a half stake in Adelaide’s Westfield West Lakes for $174.75 million.   CBRE’s Head of Retail Capital Markets – Pacific, Simon Rooney exclusively negotiated the deal, on behalf of the Dexus Wholesale Property Fund (DWPF). Scentre Group (Owner of Westfield destinations in Aus and NZ) Group remains as co-owner and property manager of the other 50% of the asset and will continue to drive its strong performance.   Scentre Group stepped into the transaction under a pre-emptive agreement, marking its second foray into funds management following the group’s June 2024 acquisition of a 50% interest in Westfield Tea Tree for $308.0 million.   Mr Rooney noted, “The West Lakes transaction demonstrates the resurging investor interest in larger regional shopping centres, given that these centres have already rebased their income back to sustainable levels and are now positioned for growth. We’ve seen $1.1 billion in high-quality regional retail assets recently change hands, including 50% stakes in Westfield Tea Tree, Lakeside Joondalup and Claremont Quarter, with a further $1.3 billion in deals currently in play.” Read more on COMMO > https://lnkd.in/eT-aZ6mi   CBRE Asia Pacific Mark Granter James Douglas Michael Hedger Joe Tynan Dexus Yuli Xu Fiona Ellender Jamie Hess Sam Guest William Clements Angelo Scasserra Harrison Emms Damien Boey Nicholas Furlong Rob Saywell Mollie Urquhart Nathan Yeo Neil Carrasco Gino Allen Guy Russo Amanda Pieriboni Sarah Tucker Max Gordin Eddie Giraldo Lucas Forbes #cbre #shoppingcentre #retailinvestment #retailproperty #adelaiderealestate #dexus

SOLD | 1 CONNOR STREET, BURLEIGH HEADS The sale of the landmark retail property at 1 Connor Street, Burleigh Heads has set new levels for the suburb, reflecting the strong demand and recent growth in our local market. CBRE Gold Coast's public Expression of Interest campaign garnered unprecedented interest, resulting in over 260 enquiries and multiple offers, with the whole campaign setting new benchmarks for the Burleigh Heads commercial/retail precinct. The commercial market across Burleigh Heads and the broader Gold Coast region continues to thrive, driven by a combination of robust economic activity and a significant population boom. The influx of residents and businesses to the area is creating unprecedented opportunities for commercial property owners. This trend underpins the strong performance of recent sales, including this transaction at 1 Connor Street. If you are considering selling a commercial asset, or wish to discuss the Gold Coast investment market, please reach out to myself or Nick Kennedy. Mark Witheriff | 0439 038 100 | mark.witheriff@cbre.com Nick Kennedy | 0400 789 896 | nick.kennedy@cbre.com.au #burleighheads #commercialrealestate #cbregoldcoast

WA Maddington Central sale finalised by Realside Property for $107 million - CBRE Perth’s Maddington Central sold to @Realside Property for $107 million by CBRE agents Simon Rooney and James Douglas. Linda Rudd, Realside Chief Executive Officer, said, “Realside is excited to finalise the acquisition of Maddington Central, a shopping centre that we have particularly coveted given the significant mixed-used opportunity that the property provides. This is our first retail acquisition and has created a key opportunity to diversify and expand on our existing office and industrial portfolio. It provides Realside the ability to bring together the collective experience of our team to deliver an improved retail offering.” Simon Rooney, CBRE’s Head of Retail Capital Markets – Pacific, noted, “The West Australian retail market continues to be a focus for investors given the state’s solid economic fundamentals, which have translated into robust retail asset performance.” Read more on COMMO - https://lnkd.in/ghbEk-F4 CBRE Simon Rooney James Douglas Linda Rudd Realside Michael Hedger Joe Tynan CBRE Asia Pacific CBRE Retail Aaron Desange Mark Vonic Matthew McNeilly Kevin Lim Logan Trouchet Bibiana Yeung Claire Sligar Tyler Mackey Leon Stojmenov Kate Stevenson Katrina Christie Ingrid Gray Rebecca Brammah Lauren Trigg #latestwanews #washoppingcentresold #realsidepropertypurchase #retailnews #waretaillnews #cbre #cbreretail #perthre #westernaustralia #shoppingcentre #retailrealestate #reatilproperty #retailinvestment #perthrealestate

Big Moves in Retail Real Estate! 🏬📈 Keighley's Alston Retail Park changes hands! CBRE has successfully brokered the sale of this prime 98,961 sq ft retail space to an international buyer. It's noteworthy that this isn't CBRE's first major deal this year - they're clearly on a roll with the strategic disposal of Wey Retail Park earlier in January. As property dynamics evolve, expect to see savvy investors and advisors lead the narrative, shaping the future landscape for retail parks in the UK and beyond. 🌐 #RetailRealEstate #CBRE #InvestmentTrends

Stirling Property Funds Limited acquires Sydney Large Format Retail Centre for $55 million McGraths Hills Home large format retail (LFR) retail centre sold to Stirling Property Funds Limited Funds, brokered by CBRE’s James Douglas. Stirling’s Head of Property Scott Girard said, “The acquisition of McGraths Hill Home was well supported by our clients, who continue to be attracted to investment opportunities within the LFR sector. The sector provides exceptional investment fundamentals with the ability to acquire quality assets such as McGraths Hill Home at prices well below replacement cost.” CBRE’s James Douglas noted, “LFR assets continue to be tightly held and rarely traded, with investors attracted to the strategic landholdings that these centres typically occupy and the potential for future development. They also offer transparent and reliable cashflows, with strong in-built rental growth and high expense recoveries, providing a sustainable base for income growth.” Read more on COMMO > https://lnkd.in/ghS5_BXK Simon Rooney Leif Olson Sheree Griff Stephen Thomas Shane Cook Scott Girard James Rowlandson Soo Pak Matthew Hyder Matthew Coy Joe Tynan Michael Hedger Chloe Mason Chris McDonald Fred Clohessy Daniel Sollorz Ethan Schofield #retail #sold #sydneymarket #sydneyinvestment #lfr #stirlingpropertyfunds #shoppingvillage #mcgrathshill #cbre #shoppingcentre #retailleasling #retailrealestate #retaildevelopment

Adelaide’s landmark Westfield Tea Tree centre acquired for $308 million by Scentre Group and Barrenjoey - CBRE Scentre Group has established a jointly managed fund with investment bank Barrenjoey Private Capital to purchase a 50% stake in Adelaide’s Westfield Tea Tree Plaza and the adjoining Tea Tree Plus for $308 million exclusively negotiated by CBRE’s Head of Retail Capital Markets – Pacific, Simon Rooney on behalf of a Dexus. The Tea Tree Plaza deal represents South Australia’s largest regional shopping centre transaction since November 2019, when Paragon REIT and MA Financial Group took out a 50% stake in Westfield Marion for $670 million from the Lendlease-managed Australian Prime Property Fund Retail. “The opportunity to acquire a 50% stake in a dominant and strong performing regional shopping centre in Adelaide’s affluent north-eastern suburbs garnered both domestic and offshore investor interest. This interest was underpinned by the centre’s genuine value-add potential, robust investment fundamentals, South Australia’s stamp duty exception and attractive retail yield spread relative to Sydney and Melbourne,” Mr Simon Rooney said. “Active, well capitalised investors are opportunistically acquiring the best quality fortress malls, which are historically rarely traded and offer exceptional investment fundamentals.” Mr Simon Rooney added, “This window of opportunity is beginning to close, with more investors looking to come back into the retail sector as interest rate volatility stabilises given the compelling returns on offer.” Read more on COMMO https://lnkd.in/gC-jsVru CBRE Asia Pacific Scentre Group (Owner of Westfield destinations in Aus and NZ) Michael Hedger Joe Tynan James Douglas #cbre #retailrealestate #dexus #shoppingcenre #adelaidebusiness #retailrealestate #retailproperty #adelaiderealestate