Year: 2018


Jeff Xu sells Victoria One for $13.6 million

Prominent Melbourne property player Jeff Xu has sold his Victoria One portfolio of five CBD strata retail properties to a Melbourne based investor for $13.615 million on a 5.5 per cent yield and at what is thought to be a record building rate of $27,230 a square metre for similar properties.


Premium Auctions Success Story for CBRE – Latest Auction Raises $48 million

CBRE’s Premium Property Portfolio Auction platform rounded off the 2018 series with an 86 per cent clearance rate with multiple bidders paying a total of nearly $48 million for six out of the seven properties auctioned. The properties auctioned on Thursday, November 29 included: 7/11 Service Station, North Melbourne –        $4m                 @ 4.57%…


CBRE retail team nabs highly regarded valuer

CBRE’s Victorian Retail Investments team has secured the services of highly regarded valuer, Annalee Neil.

Ms Neil, a Deakin University property graduate, will take on the role of Analyst, Victorian Retail Investments, following nearly three years as a valuer at M3 Property where she focused on valuing retail assets for many of Australia’s major shopping centre owners.

National Director Retail Investments, Mark Wizel and State Director Retail Investments, Justin Dowers, said they were delighted to announce the appointment.


Asian buyers splash $550 million in 18 weeks

The strong Asian interest in Melbourne’s commercial property market remains despite restrictions on off-shore Chinese investors with CBRE selling 21 properties worth more than $550 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 18 week period which saw 43 properties sell for more than $900 million, including the sub-regional shopping centre Burwood One which sold for $181 million, and office buildings at 509 St Kilda Road ($163m), and 277 William Street ($93.88m), all of which sold to Chinese buyers.

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