Commercial Real Estate

  • regional market towns commercial sector

    Affordable regional markets are attracting first-time commercial investors

    Raine & Horne has found regional commercial property markets around Australia are very attractive for business owners and investors, particularly for first-timers. Regional towns like Wagga Wagga, Port Macquarie and Mackay are experiencing very strong economies, primarily due to their COVID-19 recovery efforts. Executive Chairman of Raine & Horne Group, Angus Raine, said for those new to commercial property investing, a regional growth centre can offer cost benefits, …

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  • NSW Property Council of Australia

    Property Council of Australia welcomes NSW support packages worth $9 billion

    The Property Council of Australia has welcomed state and federal business support packages for New South Wales (NSW) announced this week. …

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  • Buyers to benefit from strong conditions at Commercial Auction Event

    As Ray White Commercial Gold Coast readies to host its Commercial Event Auction, director Greg Bell is confident strong buyer interest indicates a strengthening commercial market. On February 20, the commercial auction will see 14 properties go under the hammer, including a range of industrial-warehouse properties, strata-titled office suites, development sites, and retail premises, in addition to a collection of six full-leased luxury apartments that are being liquidated by the developer. …

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  • three new agents at Knight Frank

    Three new agents appointed to Knight Frank’s Brisbane office leasing team

    KNIGHT Frank’s Brisbane office leasing team is expanding in a vote of confidence in the strength of the city’s commercial market in both the CBD and fringe. Three agents have joined the team, including: Matt O’ Brien - Senior Leasing Executive (formerly at Elders Commercial)Sebastian Fahey - Leasing Executive (formerly Knight Frank on the Gold… …

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  • Ray White Commercial NSW welcomes two new recruits

    Ray White Commercial NSW – Sydney City Fringe has welcomed two new recruits to the team. Lachlan Palm has joined as a Sales and Leasing Associate and Fiona Farmer has taken up the role of Office Manager, and both will based out of the Sydney City Fringe office in Glebe. Mr Palm, who made the move from Brisbane to Sydney, said he was proud to join the Ray White family and was excited for the future. …

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  • Crown Group property developers’ sales rebound

    Australian property developer Crown Group says the Reserve Bank’s latest rate cut is welcomed by developers and is seeing a return of confidence among home buyers and property investors. Chairman and Group CEO Iwan Sunito said he had seen a surge in both confidence and buyer activity in the past two weeks, as a result of the federal election outcome. This had been further compounded by the Australian Prudential Regulation Authority (APRA)’s recent decision to relax lending restrictions for home buyers, …

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  • International House Sydney: Rider Levett Bucknall Australian Development of the Year

    Lendlease has claimed the nation’s top property prize, receiving the Rider Levett Bucknall Australian Development of the Year award for their innovative timber marvel, International House Sydney. Lendlease was presented with the accolade at the Property Council of Australia / Rider Levett Bucknall Innovation and Excellence Awards in Sydney on Friday. “International House is not only a construction industry ‘game changer’. …

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  • Queensland Government’s 46-storey new home wins state’s top property honour

    A skyscraper that has reshaped the Brisbane skyline has taken out the Property Council of Australia’s Rider Levett Bucknall Queensland Development of the Year award. 1 William Street is the 46-storey office now home to the Queensland Government and public service. Building owners Cbus Property and ISPT were praised for taking an innovative approach to development that has delivered a significant and striking addition to the Brisbane skyline. …

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  • Australia’s first engineered timber office wins NSW’s top property honour

    Australia’s first engineered timber office, International House Sydney, has received the Property Council of Australia’s Rider Levett Bucknall NSW Development of the Year award. “International House demonstrates that mass timber construction is a viable alternative to conventional construction and stands as a beacon of innovation and sustainable design excellence,” said the Property Council’s NSW Executive Director Jane Fitzgerald. International House Sydney was designed by Tzannes architects and completed in April 2017. …

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  • Perth’s industrial space prospers on the back of employment and population growth

    Ray White’s latest research has found there are signs of improvement in Perth’s industrial leasing sector, with employment and population growth leading to positive GSP results. Entitled Between the Lines – Perth Industrial Sub 5,000sq m Leasing report, the research indicates small business is driving the trend. “Take-up in industrial space has especially been outstanding over the past two years, highlighting the increased demand for stock, …

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  • Belle Property Commercial launches retail agency

    In response to Queensland’s infrastructure and development activity and population growth, Belle Property Commercial has launched Belle Property Retail, Brisbane. Michael Hanscomb, Managing Director of Belle Property Commercial, said Belle Property Retail will be the flagship brand within the Belle Property Commercial group and a key focus for the business. “With an explosion of online shopping and the arrival of large-scale international retail brands offering attractive pricing, …

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  • Colliers International ACT to expand with a new office in the Civic Quarter

    After recently taking out the 2019 Real Estate Institute of Australia Commercial Agency of the Year, Colliers International ACT has outgrown its current office space and will move into the A-Grade Civic Quarter (CQ) when it is completed later this year. “Our business has continually performed strongly year-on-year and this has allowed us to continue to welcome new members to our team to cater for the growing needs of our clients,” said Paul Powderly, …

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  • Ray White commercial duo maintain a perfect auction rate

    Ray White Commercial Gold Coast property specialists Jared Johnson and Lachlan Marshall are leading the charge to maintain a 100 per cent success rate under the hammer, selling $16.7M worth of assets across nine auctions in just four months. The duo have achieved a 100 per cent success rate under the hammer in 2017, 2018 and 2019, and have visions of continuing that positive momentum across the Gold Coast. …

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  • Knight Frank makes high-profile national appointment to Capital Markets team

    Knight Frank has appointed Graeme Russell as Partner, Institutional Sales from late November 2018. With 33 years’ industry experience specialising in investment sales, Mr Russell will join Knight Frank from his most recent role as Divisional Director – Capital Transactions at Savills Australia and New Zealand, where he has worked for five years. Prior to that, Mr Russell was with CBRE Asia Pacific for 25 years – most recently as Executive Managing Director, …

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  • CBRE Group moves into co-working space with the launch of CBRE Hana

    Commercial real estate services firm CBRE has declared a move into the flexible working spaces sector with the creation of CBRE Hana, a new division which the agency says will partner with property owners to provide workspaces. Hana will design, build and operate the co-working facilities and services, in partnership with institutional property investors. In a statement, CBRE president and CEO Bob Sulentic said, …

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  • Ray White Commercial recognises its top performers in 2017-18

    Ray White Hotels Australia Managing Director Andrew Jolliffe has claimed the major individual honours at the annual Ray White Commercial awards for the fourth consecutive year. The awards were held on Sunday night at the Gold Coast Convention and Exhibition Centre, which kicks off the Ray White Group’s Connect Conference, with 2,500 attendees from across the entire group. Andrew Jolliffe, who has brokered many of Sydney’s recent major pub deals was the group’s top performer for gross settled fees, …

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  • Knight Frank appoints Head of Institutional Sales for VIC and SA

    Knight Frank’s Joint Managing Director, South Australia, Guy Bennett will relocate to Melbourne to take on the newly-formed role of Partner, Head of Institutional Sales, Victoria and South Australia. The move delivers on the firm’s strategic focus globally on Institutional Sales and bolsters the firm’s east coast presence. Mr Bennett will leverage off his national and offshore capital relationships to help these groups focus on Melbourne, …

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  • Barangaroo South wins NSW’s top property honour

    Sydney’s largest urban regeneration project, Barangaroo South, has picked up the state’s top property honour. Lendlease was presented with the Property Council of Australia’s RLB NSW Development of the Year award at a cocktail reception this evening. Barangaroo South will eventually accommodate 23,000 office workers, 2,000 residents, a six-star hotel and 80-plus cafés, bars, restaurants and retail outlets across 535,000 sqm of gross floor area. …

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  • Probuild revealed as the nation’s most active construction company during 2016/17

    The Housing Industry Association (HIA) Construction 100 report presents in-depth analysis of the engineering construction, non-residential building, and apartment sectors and ranks the largest 100 companies operating in these sectors. Victoria-based Probuild has made the most of the apartment boom in Melbourne and Sydney as well as the demand for construction of mixed-used developments including luxury hotels to jump from fifth on the list last year to the top spot. …

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  • Brisbane and Perth Offices Dominate Commercial Property Awards

    Raine & Horne Commercial Brisbane North was a big winner at this week’s Raine & Horne National Awards, held at Sydney’s iconic Opera House, while a purple patch for commercial markets in Perth also helped land Raine & Horne WA a number of coveted gongs. Raine & Horne Commercial Brisbane North was named Top Commercial Office (Dollar Value) for a fifth year in a row, …

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  • Sydney CBD’s First Gaming-Themed Bar Set to Open

    The first video gaming-themed small bar in the Sydney CBD is set to open in the city’s western corridor. The Spawn Point bar will be located at 199 Clarence Street and is near other popular small bars on Clarence St including Baxter Inn and Lobo Plantation with Papa Gede’s and Since I Left You accessible from Kent Street. Spawn Point leased the premises through John Skufris from Ray White Commercial on behalf of a private owner. …

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  • Sydney’s Tallest Residential Tower Home to $25 Million Creative Hub

    A $25 million state-­of-­the-­art creative hub featuring dance, theatre, music, film and visual arts facilities will be built in the heart of the city following an agreement between the City of Sydney and property developer Greenland Australia. An Australian first, the hub will span 2,000 square metres over five storeys, and will be located in what is set to be Sydney’s tallest residential tower at the former Sydney Water site on Bathurst Street. …

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  • The Braggs Takes Out Top Development Award

    The University of Adelaide’s The Braggs building took the top award at last night’s Property Council of Australia / Rider Levett Bucknall South Australian Development of the Year Awards. The South Australian awards, held in the lead up to the national Innovation and Excellence Awards, showcased leading practice in the property development and investment industry. The Institute for Photonics and Advanced Sensing (IPAS) headquarters, …

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  • elite agent news room

    Woolworths Sale Breaks Post GFC ‘Depression’, First National

    First National Commercial, the commercial division of the First National Real Estate network, has secured the sale of the Woolworths anchored Coomera City Centre on the Gold Coast to Charter Hall Retail REIT for $59.2 million. The $59.2 million option to acquire was negotiated by First National Commercial Gold Coast principal, Jamie Bourke and commercial sales manager Darrel Woodfield in an agreement that Mr Bourke said the deal heralds the end of four years of depression on the Gold Coast. …

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  • RE/MAX introduces Project Marketing in ANZ

    New Zealand premier project marketer De Seymour Realty Ltd, has rebranded its Auckland operation and will expand to establish in Australia with RE/MAX New Projects. Mike de Seymour, who moved from a banking and finance background into project marketing 17 years ago, opened De Seymour Realty Ltd six years ago after a successful career as an independent sales and marketing consultant. …

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  • Global Commercial Property Investment to Rise 15% in 2014

    Global transaction volumes for commercial property are set to see growth of at least 15% in 2014, taking the annual total to well in excess of US$600bn, according to the Spring 2014 Global Capital markets report from Knight Frank. Additionally, Chinese investment into international property is set to double in 2014 as transactions reach their highest level since 2007, and the  report also highlights Taiwanese investors who are seeking more growth and diversification opportunities outside their local market. …

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  • Long-time CommBank headquarters in Wollongong sells for over $6 million

    Raine & Horne Commercial Wollongong has secured the sale of the iconic Commonwealth Bank Building at 243-251 Crown Street Wollongong for more than $6,000,000. The building, which was constructed in the 1970s, has been secured in an off-market transaction by a Wollongong-based investor, who prefers to remain anonymous. The sale of the building is the result of Commonwealth Bank’s decision to shift to a new purpose-built site in Crown Street Mall at 141 Crown Street, …

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  • elite agent news room

    Builders to be Healthier, Happier & More Productive in Australia’s First Green High Performance Site Office

    Australia’s first ‘green’ construction site office was created by Brookfield Multiplex at their Wetherill Park site in partnership with the 202020 Vision to make their staff healthier, happier and more productive. The first collaboration of the 202020 Vision’s Nursery, the project is a ‘plug and play’ evidence based Plant Plan including a best practice DIY ‘how-to’ guide for any site office or demountable shed to implement, …

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  • elite agent news room

    Commercial investors looking outside Metro, Colliers

    A growing number of investors are looking beyond Australia’s CBDs to key metropolitan markets as they broaden their search for stock and yields, according to new Colliers International research. Colliers International’s H1 Metropolitan Office Research & Forecast Report found Australia’s suburban office markets saw a net influx of capital from offshore investors of $1.22billion in 2013. “While this figure was heavily impacted by the record purchase of 177 Pacific Highway, …

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  • elite agent news room

    Retail Sector Improves on the Back of Key Economic Improvements, Colliers

    Foreign investment, a weaker Australian dollar and the improving housing market are all factors contributing to gains in Australia’s retail sector, according to the latest retail white paper from Colliers International.“Can recent consumer spending growth be sustained?” provides an insight into the key economic trends which have driven the highest annual retail sales turnover growth since November 2009. “The healthy increase in retail spending over the past six months annualises out at a very strong 9.4% per annum,” said Michael Bate, …

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  • elite agent news room

    Jones Lang LaSalle Shortens Name to “JLL” and Unveils New Logo

    Underscoring its global operation, scale and vision for the future, Jones Lang LaSalle​ (NYSE: JLL), the professional services and investment management firm specialising in real estate, has announced that it is now using the name “JLL” and introducing a refreshed logo. The shorter name and new logo are: Easily recognised and visible in countries around the world Memorable and easily pronounced in languages worldwide Suitable for digital applications and mobile channels Shortening its name to JLL is a natural evolution of the firm’s historically rich brand, …

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  • elite agent news room

    Acquisition for Raine & Horne Commercial

    In a strategic acquisition for Raine & Horne Commercial, its successful Northern Beaches office is purchasing the property management arm of CBRE Northern Beaches. The purchase will take effect from 1 April, 2014 and will enable Raine & Horne Commercial Northern Beaches to more than double the size of its leasing portfolio business, and add some experienced headcount to its talented team of commercial property specialists. …

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  • elite agent news room

    Property Council of Australia Awards; The finalists are…

    What do grandstands, office towers, ice rinks and law courts have in common? They are all up for awards at the 2014 Property Council of Australia / Rider Levett Bucknall Innovation and Excellence Awards. The Awards celebrate innovation and leading practice within Australia’s property development and investment industries. “Our industry’s commitment to excellence and innovation is reconfirmed again this year, with 83 outstanding finalists vying for awards in 16 categories,” says Chief Commercial Officer of the Property Council of Australia, …

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  • Residential Bulls pushing commercial bears out of North Sydney, says Raine & Horne

    After a decade of near zero residential development, the North Sydney CBD is once again alive with towering cranes and men in high-visibility work wear, according to a leading local real estate expert. Duncan Grady, Principal of Raine & Horne North Sydney, says there are almost 1,000 residential apartments either under construction, or in the pipeline, within 300 metres of his office at 160 Pacific Highway, …

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  • elite agent news room

    High Vacancies reflect fragile SA economy, says Property Council

    An increase in vacant central city office space is a direct reflection of the fragile state of the South Australian economy says the Property Council of Australia. The Property Council’s latest Office Market Report shows the percentage of vacant office space in Adelaide CBD hit 12.4 per cent in the six months to January 2014, eclipsing the national capital city average of 10.4 per cent. …

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