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Market Insights

Read the latest news about commercial properties in Melbourne and Victoria from CBRE.

19.11.2019

WizeI takes Agent of the Year gong

CBRE Director Investments, Mark Wizel, has won REA’s Agent of the Year award at the Group’s 2019 AREA Excellence Awards. The award recognized Mr Wizel’s success across several criteria including innovation in marketing, data collation and canvassing methodologies, development of values and team culture, commitment to the community, service to clients and of course sales…

18.11.2019

St Kilda Road office assets in hot demand

A partially refurbished and mostly vacant office tower in Melbourne’s St Kilda Road precinct has sold for almost $18 million. CBRE’s Melbourne Middle Markets team of Josh Rutman, Mark Wizel, Lewis Tong and Scott Orchard negotiated the unconditional sale of 1 Bowen Crescent, a property built by trucking magnate Lindsay Fox as offices for his Linfox company. The seven-level building, which…

17.11.2019

Investor snaps up Coles Boronia & Kmart store

Centre sold on estimated net income of $2.05 million pa A local private investor has trumped several rivals including off-shore interests in purchasing a Boronia retail property comprising both Coles and Kmart stores. Located on Floriston Road, the 10,000 square metre GLA property includes a new 12-year lease to Coles Supermarket, and an established Kmart…

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