COMMO

Liquidity returns in Australia’s commercial property investment sector - CBRE Commercial property transaction activity is on the rise, with $29.2 billion in Australian office, retail, industrial, hotel and living sector assets changing hands in 2024. CBRE’s Australian Head of Capital Markets Research Tom Broderick noted, “Investors are acknowledging the value on offer in various sectors of Australia's real estate market. Pricing seems to have stabilised after a period of yield softening. Additionally, many existing assets are selling significantly below replacement cost, underscoring the value proposition.” CBRE’s Pacific Head of Capital Markets Flint Davidson noted, “Australia has proven to be one of the more liquid markets in Asia Pacific with price corrections showing genuine value, which is hard to find in developed markets across the region. Australia’s stability and transparency is a key drawcard, as is our strong population growth, which is driving demand for real estate.” The office sector staged the biggest comeback, regaining its status as the most traded commercial property sector after $8.4 billion in transactions – up 56% y-o-y. Retail also rebounded strongly to be the second most active sector, with $7.3 billion in assets changing hands, up 34% y-o-y.   Industrial & Logistics was in third position with $7.1 billion in transactions (+14%), followed by the fast-growing living sector, with $4.8 billion in deals (+6%).   Hotels was the only sector where transactions declined, with $1.6 billion in assets traded, compared to $2.5 billion in 2023.   Offshore investors were particularly acquisitive according to CBRE’s data, accounting for $8.3 billion in acquisitions, 37% up on the prior year. This represented 28% of the overall 2024 transaction tally, compared to 25% in 2023.   Living was the next most favoured sector, following several major student accommodation and build-to-rent transactions, including the Ontario Teachers’ Pension Plan and Hines acquisition of the Arklife BTR Portfolio.   By country, the United States became the number one source of overseas investment in 2024, accounting for $3.6 billion in deals – more than double last year’s investment.   Japanese investors dropped to second place, but remained active, with $1.9 billion in acquisitions (-9% y-o-y), while Singaporean investors accounted for deals totaling circa $1 billion. Read more on COMMO - https://lnkd.in/gCQPxU9Z Flint Davidson Greg Hyland Hugh Macdonald CBRE Capital Markets Wayne Bunz Michael Simpson Michael O'Neill Simon Rooney Andrew Purdon Stuart McCann Sandro Peluso Joe Brzezek Corey LeFavi Bader Naaman Kat Hale FAPI CPV FRICS Sameer Chopra Tom Gibson Hayley Manvell Paul Ryan James Douglas CBRE Hotels CBRE Asia Pacific Mark Witheriff Aaron Desange Mark Curtain #cbre #cbreresearch #australiamarket #australiarealestate #commercial #commercialinvestment #commercialrealestate #realestate #realestatemarket #australianrealestate #cbrehotels

Vicinity Centres finalises major $287 million Sydney retail portfolio disposals - CBRE Vicinity Centres has successfully sold half shares in Sydney’s Roselands Centre and Carlingford Court for a combined $287 million negotiated by CBRE’s Head of Retail Capital Markets – Pacific, Simon Rooney. “The Roselands and Carlingford acquisition demonstrates the continued demand for quality metropolitan, sub-regional and regional assets with a focus on non-discretionary spending. There is particularly strong interest in assets which offer mixed-use development potential and strategic value-add opportunities.” Simon Rooney said. Read more on COMMO > https://lnkd.in/grUKUyhD Simon Rooney Leif Olson Sheree Griff Shane Cook CBRE Capital Markets Mark Granter James Douglas Tony McCormack Peter Huddle Adrian Chye David McNamara Tom Broderick Flint Davidson #retail #cbre #commercialinvestment #commercialrealestate #sydre #sydneyrealestate #sydneymarket #shoppingcentresold #shoppingcentre

Sienna Wood welcomes a new Stockland town centre Stockland has started construction on Sienna Wood Town Centre, a new retail hub in the heart of the Sienna Wood masterplanned community located in Hilbert, Perth. “We are building new community infrastructure in our own backyard with a retail mix that will provide Sienna Wood residents with access to their everyday shopping needs and a place where the community can meet and socialise,”Stockland General Manager, WA Development, Col Dutton said “With more than 3,000 residents already calling Sienna Wood home, infrastructure like this will support the needs of the growing community and build on our Stockland legacy – creating vibrant and connected communities that are full of energy, soul and life.” Western Australian Minister for Planning the Hon. John Carey MLA, said the Sienna Wood Town Centre would be a significant boost for Perth’s southeastern growth corridor which would eventually see the delivery of more than 3,800 new homes for more than 12,000 Western Australians.  Read more on COMMO - https://lnkd.in/g-YXb7ji Kerry Balci Adam Albanese Benjamin Vella Stockland Andrew Whitson Tarun Gupta David Burton Fiona Jones Adam Renai David Allington Justin Louis Simone Dyer Kate Isaacs Christian Rocha Geraldine Behns Sally Nutbean Elizabeth Petaia Ben Cantwell Glenn Yeatman Jason Gray Blair Trew JDSi Consulting Engineers Ed Krushka Michelle Abbey (MAICD) Tony Tsekouras Troy Gleeson #retailnews #shoppingcentre #development #retailinvestment #retailleasing #stockland #retailindustry #retaildevelopment #perth #retailrealestate #residentialcommunities #perthrealestate

Work-from-office mandates drive premium office upswing - JLL As employers seek stability through set return-to-work patterns, the demand for prime office space in Australia is on the rise, according JLL’s latest research. Michael Greene, JLL Head of Tenant Representation – Australia: “The persistence of hybrid models coexists with a pressing call from CEOs for more defined office days. This shift impacts both the amount and utilisation of space, necessitating the creation of innovative, inclusive environments that strike a balance between cost efficiency and employee satisfaction.” JLL Tenant Representation – Adelaide, Pawanpreet Sidhu, said: “Larger occupiers may take advantage of the latest wave of new stock coming to market as landlords fight for the harder-to-secure, pre-committing tenant. ” Brisbane: JLL Tenant Representation – Brisbane, Maddison Taylor, said: “Brisbane’s office market is experiencing supply pressures, with no new supply with availability expected to enter the market until Q1 2026."  Canberra: JLL Tenant Representation – Sydney and Canberra, Darlene Haryanto, said: “The Canberra office market continues to stand out among Australian cities, boasting the lowest vacancy rate at 8.9%. Prime grade vacancy rates are even lower at 7.4% in Q2 2024.  Melbourne: JLL Tenant Representation – Melbourne, Isabel Klem, said: “Melbourne CBD vacancy rates remain elevated, with Premium grade vacancy rates at 17.2%. The market is extremely competitive at the east end of the Melbourne CBD with tenants taking the favourable market conditions to position themselves in the desired Collins Street address. Perth: JLL Tenant Representation – Perth, Sean Milentis, said: “The CBD is experiencing two-tiered market conditions, with a clear divide between vacancy levels in prime versus secondary-grade buildings.CBD market conditions remain tenant favoured.” Sydney: JLL Tenant Representation – Sydney, Leah Staats, said, “A two-tier market has become evident in Sydney’s CBD as a result of the flight to quality thematic, despite headline vacancy rates appearing higher and in favour of occupiers. Read more on COMMO -  https://lnkd.in/gwuHtm6M Luke Billiau Richard Fennell Michael Greene Tim O'Connor Nathan Taylor Sonya Alexander Andrew Ballantyne Daniel Kernaghan Stuart Crow Andrew Peck #jllaus #jllnews #jlltrends #jllmarket #australiamarket #australiarealestate #officerealestate #officemarket #commercialrealestate #commercialoffice

A fully leased mixed-use office building sold by JLL A fully leased, mixed-use office building at 227-235 Unley Road in Malvern Adelaide sold by JLL’s Ben Parkinson, Jack O'Leary and Claudia Brace. “This asset, in a prominent high-street shopping precinct, is a rare find in the South Australian metro market,” said Claudia Brace, Senior Executive, Sales and Investments – SA. Jack O'Leary said the result reflected the robust demand for properties with secure lease agreements in prime locations. Read more on COMMO -  https://lnkd.in/gy9m3emR Ben Parkinson Jack O'Leary Tom Love Lorenz Maglieri Jasper Stentiford Jaclyn Turner Luke Duncan Anna-Louise Coppock Teresa Ciccone Capital Markets at JLL #commercialrealestate #commercialinvestment #jllaus #jllnews #southaustraliamarket #southaustraliarealestate #commercialoffice #mixeduseoffice

More than $70 million worth of healthcare, childcare and seniors living assets for sale by CBRE The CBRE’s Australian Healthcare and Social Infrastructure team of Sandro Peluso, Marcello Caspani-Muto, Jimmy Tat and Kai Wang 王凯 market five separate investment opportunities in the 2025 summer spotlight portfolio for sale. “We have been running this process for over eight years now and it is unquestionably the best time for exposure in the commercial real estate environment. The increased level of exposure and traction received with opportunities in market is significant,” Sandro Peluso said. Marcello Caspani-Muto said, “We’ve had success with this process in all types of markets and we see every year people who would otherwise be busy with work and family commitments during the year pick up their phones during their downtime over the summer and start reviewing investment opportunities. Read more on COMMO - https://lnkd.in/edMQCyFi Marcello Caspani-Muto Jimmy Tat Kai Wang 王凯 #cbre #childcare #healthcare #seniorliving #commercialinvestment #melbre #melbournemarket #melbournerealestate #healthcarerealestate #medicalrealestate #senorsliving #agedcare

RWC appointed exclusive office leasing agents for 1 Castlereagh Street Sydney Sim Lian - Metro Capital Pte Ltd (SLMC) recently announce their purchase of 1 Castlereagh Street which will be a brand new addition to their existing portfolio of 13 retail assets and 4 office assets. The acquisition will complement their other Sydney CBD boutique office building at 50 Margaret Street. SLMC is a private real estate fund management business managing a portfolio of office and retail assets in Australia with funds under management of circa A$1.4 billion, including 1 Castlereagh Street.  Following a long-standing appointment at SLMC’s 50 Margaret Street, Ray White Commercial NSW - Sydney Office Leasing’s Jeremy Piggin and Anthony Harris have been appointed by SLMC as Exclusive Agents to Coordinate the boutique office leasing campaign at 1 Castlereagh Street. Harris added, “1 Castlereagh Street commands a proud position on the corner of Hunter and Castlereagh Streets in the footsteps of surrounding premium office towers. The lobby has undergone a recent refurbishment, providing a minimalist, stylish entrance. The basement has parking and end-of-trip facilities with showers, lockers, and bicycle racks. The new Martin Place Metro Station is located directly opposite the building entrance.” Mr Piggin further added, “A selection of new fit-outs is already in place, and additional new fit-outs are planned for all vacancies. The project will focus on highly efficient design and premium-level finishes to attract discerning tenants who wish to locate their business in this prime financial core location. Incoming tenants may provide design input for a bespoke solution during planning.” We welcome outside Agent introductions with 100% scale of fees on offer, commented Mr Harris. Read more on COMMO > https://lnkd.in/gdH-uWHV James Linacre Leteicha Wilson Vanessa Rader Tim Snell Bridgette Collis Shannon Cook Nina Clarke Cassandra Glover Alex Tilbury Jeremy Teo Samantha Macann Ronnie Moe F. Roni James Lyons Sid Wadhwa Chapman Seah #office #officeleasing #boutiqueoffice #sydneycbd #officebuilings #commercialleasing #sydney #officesforlease #officedesign #officerefurbishment #coworkingspace

NSW retail investment market continues to dominate despite economic headwinds - says JLL JLL Supermarket-anchored assets lead the way with 13 transactions totalling $415 million in 2024. By JLL’s David Mahood, Sebastian Fahey and Stuart Taylor. David Mahood Senior Executive Retail Investments – NSW, said “In a year marked by heightened off-market activity, retail investments in New South Wales continue to be highly sought-after. Despite broader economic pressures, supermarkets continue to demonstrate remarkable resilience and attractiveness to investors.” Sebastian Fahey Senior Executive Retail Investments – NSW, said “Supermarket-anchored assets in New South Wales continue to dominate investor mandates. Our team has seen a surge in first-time investors entering the New South Wales retail sector, acquiring more than $160 million worth of centres in 2024.” Read more on COMMO - https://lnkd.in/gbcrwHJs Sam Hatcher Tony Doherty Stephen Andrew Heath Crampton Andrew Quillfeldt Nick Willis Sam Linden Nathan Lin Phoebe Cooney Hannah Brisbane Ginny Rampling Sebastian Fahey David Mahood Jacob Swan Ned McKendry Will Morris Liam Cox Stuart Taylor Tom Noonan Jarrod Herscu Dominic McGrath #jll #jllaus #jllresearch #jllnews #commercialrealestate #retailinvestment #australiamarket #australiarealestate #supermarketinvestment

Realmark Commercial’s property forecast 2025 Wayne Chorley, executive director at Realmark Commercial shares his 2025 market predictions highlighting key trends and opportunities across Perth’s commercial property sectors. The year ahead is shaping up to offer a range of opportunities across the commercial market.  Retail leasing may see transformative growth, the industrial market looks to remain resilient, and suburban office markets appear poised for continued demand.  Read more on COMMO - https://lnkd.in/gKj-7nNv John Percudani Wayne Chorley Neya Perovec Justin Baker Rob Dawson Michael Richardson Gemma Hayes Amanda Betteridge Alex Taylor Mike Rowe Cambell Giles Daniel Mackley Fletcher Wolpers Alix Proudlove Michael Tozer Muhammad Talha Ali Scott Chaproniere Shannon McCabe Lauren H. Kirsty Hart Alice Chaplin Sarah Pryce Hayley Lucas Cassie Haigh Dominique Raubenheimer Wade Dobson Zoe Robinson #commercial #realmarkcommercial #commercialmarket #westernaustraliamarket #westernaustraliarealestate #realestatemarket #realmark #CRE #perthrealestate #commercialrealestate #realestate2025

Queensland Country Bank secures Brisbane CBD site - Colliers A 3,044 sqm commercial building at 247 Adelaide Street Brisbane sold to Queensland Country Bank negotiated by Colliers experts Nick Wedge and Hunter Higgins. “This prime CBD location offered a great opportunity for Queensland Country Bank to purchase a commercial building that will house not only a branch, but also their Brisbane branch and administration offices to complement their Townsville head office, with the remainder of the building leased to existing tenants providing passing income,” Nick Wedge said. Queensland Country Bank CEO Aaron Newman stated: “the building acquisition was necessary to support the Bank’s strong growth across Queensland, particularly in the South East corner as it pursues its vision to be Queensland’s best regional bank.” Colliers Queensland National Director Investment Services Hunter Higgins said 247 Adelaide Street was home to a diverse range of professional uses across 6 levels with ground floor retail to house a Queensland Country Bank branch in a prime CBD position. “The building is located within one of Brisbane’s most vibrant commercial precincts, the Golden Triangle, benefiting from access to Post Office Square, Queen Street Mall, Central Station and is serviced by retail, dining and public transport amenities,” he added. Read more on COMMO - https://lnkd.in/g6ZVgtv8 Philip O'Dwyer Tony Wang AAPI Shaun Seeto Sam Polichronis #colliers #brisbanerealestate #brisbanemarket #queenslandbank #commecialrealestate #commercial #office #commercialinvestment