Gorman Commercial Real Estate’s Post

Retail property in Perth’s Mount Pleasant sold - Knight Frank Perth’s south retail property, 76 & 78 Cranford Avenue Mount Pleasant sold by Knight Frank agents Cory Dell'Olio and Tony Delich for $2.96 million. This sale demonstrates the high level of interest from both private investors and occupiers in retail property in Western Australia that we have been seeing for some time,” Cory Dell'Olio said. “ The drawcards for this particular retail asset were its positioning within a strong trading retail strip in a busy catchment, in addition to the stable tenancies in place, with a long-term history within the complex. Tony Delich said the Mount Pleasant location was also attractive to buyers. “It’s a busy precinct, with plenty of exposure to passing traffic, and Cranford Avenue intersects with Leach Highway, providing direct access to the Kwinana Freeway and the Perth CBD,” Read more on COMMO - https://lnkd.in/geYVEqe9 Knight Frank Australia Jonathan Wong Zach Schreier Jeremy Robotham Vanessa De Groot Taylor Wardle Melanie Rusk-Dunn The ASEAN Developer #perthretail #perthinvestment #retailinvestment #knightfranksold #knightfrank #perthre #retailrealestate #retailproperty #perthrealestate #perthrealestateagent #perthproperty #knightfrankaustralia

Dan Murphy’s in Cheltenham for sale by JLL and Gorman Commercial Real Estate JLL’s, Tom Noonan, Stuart Taylor, Jarrod Herscu and MingXuan Li 李名轩 together with Gorman Commercial Real Estate agents Tom Maule and Jonathon McCormack bring to the market Dan Murphy's Cheltenham for sale. Tom Noonan, Director of Retail Investments at JLL said “We are anticipating significant interest in the asset, with Dan Murphy’s investments being one of the most sought-after retail covenants in the retail market – since 2014 there have been 10 metropolitan Dan Murphy’s transactions at an average yield of 3.89%” Tom Maule, Director at Gorman Commercial said “The freestanding Dan Murphy’s was built new in 2019 and forms Stage 1 of Cheltenham Quarter which has been developed by Brix Property.” Adam Brick, Managing Director, Brix Property Group said “Securing Dan Murphy's as an anchor tenant was pivotal in establishing Cheltenham Quarter as a key activity hub. As we near the completion of Stage 2, we’re seeing strong market demand from businesses eager to be part of this thriving precinct." Read more on COMMO - https://lnkd.in/gu3M3CzA Dominic McGrath Vicki Robinson Sam Hatcher Nick Willis Jacob Swan David Mahood Sebastian Fahey Ned McKendry Phoebe Cooney Sam Linden Will Morris Hannah Brisbane Liam Cox Ginny Rampling Nathan Lin Stephen Gorman Dean Alexander Nathan May Josh Dawson Josh Freezer Killian Ford Tom Simpson The Hotel Conversation #jll #gormancommercial #retail #danmurphys #retailforsale #liquerstoreforsale #melbre #melbournerealestate #hotelinvestments #jllaus #realestateinvestments #retailinvestment #realestateinvestment

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

Iconic Clontarf retail investment sold to Interstate investor - Colliers An iconic Clontarf retail assest, located at 80 Hornibrook Esplanade, Clontarf sold by Colliers agents Tony Wang AAPI and Shaun Seeto on behalf of a local Asian developer for $1,280,000 within 40 hours of it on market. Colliers Asia Markets Queensland Director Tony Wang AAPI said the property was presented to a few investors who had indicated interest in SEQ commercial assets, with the successful offer made within 40 hours of presenting the investment for sale.” “Selling for a yield of 6.9 per cent, the asset is located directly beneath the Seavue Apartments with 69 residential apartments above, which offers a dedicated market for the tenants,” Shaun Seeto said. “Rarely do commercial investments like this come up for sale in this highly sought after bayside area." He added. Read more on COMMO - https://lnkd.in/gr4QKV6Y Colliers Tony Wang AAPI Shaun Seeto Simon Beirne Matt Kearney Hunter Higgins Andrew Scriven #retailinvestment #qldre #qldmarket #colliers #clontarfinvestment #clontarfsold #commercialrealestate #retailrealestate #retailproperty #retailinvestment

🚨JUST SOLD! 4 East Crescent, Hurstville Grove💎🏗🏦✅🎉🗝🔨💰💵🏦☎️ Existing Hall with R2 Zoning. Buyers were out in force! Congratulations to our clients & to the successful purchaser! 100 + enquiries were received throughout the sales campaign. CBRE Asia Pacific as exclusive selling agents, on behalf of our valued client are pleased to announce the successful sale of 4 East Crescent, Hurstville Grove. An existing community hall occupying a 586sqm* parcel of R2 zoned land withing close proximity to shops, cafes and transport in the tightly held Hurstville Grove precinct. Tranquil dress-circle location nestled in the serene community of Hurstville Grove and offering easy access to nearby cafes, shops, bayside walks, parks, boat ramps and public transport. Close proximity to Westfield Hurstville. Should you have any questions relating to this transaction or would like to hear about the upcoming opportunities coming to market, please do not hesitate to contact from CBRE Asia Pacific: Robert Dowdy on 0499 007 000 or James Dow 0459 161 397   #cbre #auction #justsold #centralwest #westernsydney #hurstvillegrove #onmarket #campaign #competitiveprocess #commercialrealestate #process #opportunity #residential #rare #location #owneroccupiers #investors #developers #privateclients #assets #assetclass #westernsydney #sydney #primelocation #realestate #sales #capitalmarkets #sales #asiapacific #transactions CBRE Asia Pacific

Property agency Bond Wolfe has brokered the sale of the remaining units at Southgate Retail Park in Derby in a £3.2m deal. Full story: https://lnkd.in/eSr6S5wp

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

SALE IMAGE: Cory Dell'Olio, Tony Delich ADDRESS: 76 & 78 Cranford Avenue, Mount Pleasant, WA 6153 MARKET: Perth's South ASSET TYPE: Retail SELLER: Undisclosed BUYER: Undislcosed AGENTS: Cory Dell'Olio, Tony Delich; Knight Frank Australia SALE PRICE: $2,960,000 (6% yield) LAND SIZE: 424 sqm BUILDING SIZE: 308 sqm LAND SALE RATE: $6,981/sqm BUILDING SALE RATE: $9,610/sqm NOTES: “Mr Dell’Olio said the sale campaign for the Mount Pleasant property yielded more than 85 enquiries and sold at a 6% yield. “This sale demonstrates the high level of interest from both private investors and occupiers in retail property in Western Australia that we have been seeing for some time,” he said. “The drawcards for this particular retail asset were its positioning within a strong trading retail strip in a busy catchment, in addition to the stable tenancies in place, with a long-term history within the complex. “It is not often that a retail offering within such a busy precinct becomes available, hence this asset was in high demand.” (source: propertymarkets.news) #realestate #property #tradedau #retailinvestment #retailproperty #developmentsite #wa #perth #perthrealestate #housing #housingestate #retail #transactions #propertydeals #transactions #development #land #investment #landbank #cre #commercialproperty #hotels #hotelinvestment #hoteldevelopment #hospitality #commercialrealestate #office #officespace #officebuildings #capitalmarkets #childcare #sales #acquisitions #buildtorent #logistics #propertymarket #finance #propertyfinance #propertynews #warehouse #industrial #shoppingcenters #shopping #syndicate #propertyfund #shoppingcenter #finance #propertyfinance #fundmanager #funds #factory #warehouse #deals #transactions CapStack TradedAU

🚨JUST SOLD BY Robert Dowdy & William Gathercole from CBRE Asia Pacific🚨! 211 John St, Lidcombe - New Suburb Record!💎🏗🏦✅🎉🗝🔨💰💵🏦☎️   CBRE Asia Pacific has successfully sold 211 John Street, Lidcombe, a property exemplifying the successful adaptive re-use conversion into a modern warehouse and showroom space.  Meticulously renovated 2,150sqm* warehouse, showroom, and office space. Situated in a prime location opposite Lidcombe Shopping Centre anchored by major brands like Woolworths, Aldi, Kmart, Anaconda, and Spotlight. Convenient access to major arterial roads and the M4 Motorway on and off ramps. The property attracted significant interest during the sales campaign, resulting in 52 inspections and multiple unconditional offers.   Congratulations to our clients & to the successful purchaser! Should you have any questions relating to this transaction or would like to hear about the upcoming opportunities coming to market, please do not hesitate to contact from CBRE Asia Pacific: Robert Dowdy on 0499 007 000 or William Gathercole on 0403 618 757.   #cbre #EOI #justsold #result #centralwest #westernsydney #sydney #lidcombe #onmarket #campaign #freestanding #competitiveprocess #commercialrealestate #process #opportunity #location #owneroccupiers #investors #developers #privateclients #assets #assetclass #primelocation #realestate #sales #capitalmarkets #transactions #2024realestate CBRE Asia Pacific

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