Market Insights

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

07.02.2019

Box Hill auction provides sought after Melbourne investment opportunity

A landmark corner property in Melbourne’s Box Hill is to be auctioned for the first time this century, providing what is expected to be one of 2019’s most sought after suburban investment opportunities.

CBRE’s Melbourne Strip Retail Investments team of Lewis Tong, Rorey James and Leon Ma will steer the sale campaign for the two-level building situated on the corner of Market and Main Streets.

Brand new medical centre listed for sale in Williams Landing

A brand new medical centre in the heart of Cedar Woods’ highly touted Williams Landing town centre is poised to hit Melbourne’s commercial property market and fetch circa $8 million.

Slated for completion in April 2019, the 1520 sqm medical centre at 111 Overton Road is situated on the ground floor of a commercial office building and pre-leased to a subsidiary of the national medical company Cornerstone Health Pty Ltd – trading as ‘Our Medical Home’. Cornerstone Health is led by CEO Henry Bateman, who brings with him almost two decades of experience managing a national medical operator, gained when overseeing the expansion of Primary Healthcare in his former role.

06.02.2019

East Melbourne office building provides the first test of Melbourne’s investment market for 2019

Pent-up buyer demand and a shortage of available, investment grade property has prompted the owners of an East Melbourne office freehold to list the property for sale. CBRE’s Melbourne Middle Markets division has been exclusively appointed to market 122-130 Wellington Parade following one of the strongest years for the Melbourne office market since 2008. CBRE…

05.02.2019

Coburg North Village listed on back of record retail year

The prized Coburg North Village shopping centre is on the market in the wake of a shopping centre investment spree in 2018 with sales in Victoria up 91 per cent, over 2017, to $1.82 billion.

The centre is the second Melbourne metropolitan shopping centre to be listed in as many weeks following that of Niddrie Central Shopping Centre last week.

The listing also follows Wesfarmers’ demerger of Coles – the brand holds the anchor lease within the centre – which has since announced a massive, circa $1 billion supply chain overhaul designed to lower costs and enhance business efficiencies.