Market Insights

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

08.04.2019

Barwon acquires medical centre in Melbourne’s western region

Property fund Barwon Investment Partners has acquired a new strata medical centre for $8.2 million in the heart of Cedar Woods’ Williams Landing town centre. The site at 111 Overton Road features 1,520sqm of net lettable ground floor area and is fully leased to Cornerstone Health, a national medical operator. Still under construction, the property…

05.04.2019

Inner-Melbourne childcare centre sale tips $10m

A South Melbourne childcare asset, owned by local developer Melinda Cohen, has sold for $10.25 million. The deal represents a sales rate of $85,415 per child and is the only child care centre to have sold within 1.5km of the Melbourne CBD in the past five years. CBRE’s childcare specialists Sandro Peluso, Josh Twelftree and…

03.04.2019

Victorian buyer demand reigns supreme as Noosa Junction retail investment trades hands

A popular Noosa Junction retail strip has been sold to a Melbourne based investor for $6.8 million. The campaign, managed by CBRE’s Rorey James, Rem Rafter and Kevin Tong, attracted over 100 enquiries from both domestic and international investors. ‘Oasis Centre’ at 16 Sunshine Beach Road comprises 10 retail and office tenancies across two buildings…

01.04.2019

Cashed up Melbourne buyers show their hand in Church Street Brighton auction

The Westpac building in Brighton’s Church Street retail hub has sold at auction for $6,900,000. CBRE’s Melbourne Strip Retail Investments team of Rorey James, Sandro Peluso and JJ Heng negotiated the sale of the 92-94 Church Street property in conjunction with Iles Real Estate’s Matthew Iles and Richard Seeley. “The property attracted strong interest from…

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